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Financial Accounting 1

This class was created by Brainscape user Trey Leatherman. Visit their profile to learn more about the creator.

By: Trey Leatherman
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Decks in this class (18)

Chapter 2 Lecture
All costs capitalized into invent...,
Manufacturing companies all manuf...,
Are all costs in teh income state...
10  cards
Chapter 1 Lecture
Resource of the firm 1,
Claims by creditors 2,
Claims by owners everything left ...
13  cards
Journal entries chapter 2
Perform accounting services on ac...,
Collected cash from customer acco...,
Issued 10 000 shares of common st...
27  cards
Chapter 2 lecture
Summarizing economic transactions...,
4 types of accounting 2,
External users investors creditors 3
30  cards
Quiz definitions
Information is useful in predicti...,
Relevant to the decision at hand 2,
Information is available prior to...
29  cards
accounting cycle lecture
Make the income statement 1,
Purpose of the income statement 2,
On the income statement what are ...
30  cards
Exam 1
0  cards
Chapter 6 lecture Revenue recognition
Inflows or other enhancements of ...,
Revenue recognition is determined...,
1 identify contracts with customer 3
27  cards
Chapter 7 Cash receivables lecture
A discount for early payment 1,
2 10 n 30 or two ten net thirty s...,
What are the 2 ways to account fo...
18  cards
Exam 2
0  cards
Ch. 8 Inventory measurement
Goods controlled by a company 1,
Buys finished goods resells them ...,
Inventory includes raw materials ...
42  cards
Ch. 9 Inventory Add Issues
Information is complete neutral a...,
Provide all necessary information 2,
Good process to determine the acc...
40  cards
CHh. 10 Property, Plant, and Equipment: Mixed Topics
Gaap and ifrs are what systems 1,
Record amounts at what they are w...,
3 things to determine ppe 3
57  cards
Chapter 10 book
Operational assets that lack phys...,
Cost to acquire an asset is to di...,
Costs to acquire an asset is to d...
30  cards
Chapter 11 book
Allocation of the cost of natural...,
Cost allocation for intangibles 2,
For assets used in the amnufactur...
62  cards
Intangibles
Means that the asset lacks physic...,
2 types of intangibles 2,
Intangible assets 3
27  cards
Ch 13 Current liabilities and contingencies book
0  cards
Ch.13 current liabilities and contingencies
Future event probable amount is r...,
Future event reasonably possible ...,
Future event remote amount is rea...
4  cards

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Financial Accounting 1

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