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Financial Accounting

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

By: Michael Heung
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Decks in this class (18)

Accounting Fundamentals
What is cash based accounting,
What is accrual based accounting,
What are assets
10  cards
Financial Instruments - Cash and Receiables
What is cash,
What is restricted cash,
Are t bills and term deposits con...
11  cards
Financial Instruments - Passive Investments
What does fv through profit and l...,
What does fv through oci mean,
What is included in fvtpl
18  cards
Inventories
What are the costs to be included...,
What are some costs of manufactur...,
Explain conversion costs
8  cards
Property, Plant and Equipment
How are property plant and equipm...,
What are the different components...,
For the acquisition of land and b...
12  cards
Agriculture - Core
What are the primary types of bio...,
What criteria are applied to bear...,
How are bearer plants categorized...
10  cards
Ch. 10 - Impairment of Assets
Technical competencies evaluate t...,
When is an asset considered impaired,
Can you explain step 2 when to te...
13  cards
Ch. 13 Revenue from Contracts with Customers
Technical competencies 122 evalua...,
What are the steps in recognizing...,
What are the attributes required ...
26  cards
Ch. 16 Government Assistance
Ias 20aspe 3800,
What are the two types of governm...,
What are two ways that grants tha...
10  cards
Non-Monetary Transactions
What is a reciprocal transaction,
What are non reciprocal assets,
How are asset exchanges or transf...
14  cards
Ch. 8 Leases
What are included in the initial ...,
What are the two different compon...,
What are variable payments
16  cards
Related party Transactions
What are the two ways under aspe ...,
Using the carrying amount how do ...,
What if the exchange amount is used
4  cards
Ch. 18 FCT
What is functional currency,
How do you determine the function...,
What are the three steps in recor...
6  cards
Ch. 16 Decommissioning Provisions
What are decommissioning provisions,
What are the three steps in evalu...,
When do you recognize a decommiss...
5  cards
Ch. 17 Non-current Assets Held for Sale and Discontinued Operations
Ifrs 5 and aspe 3475,
What are the criteria rules in or...,
How are hfs non current assets me...
9  cards
Ch. 9 Goodwill
Ias 38 and aspe 3064,
What are the steps in identifying...,
What are the criterias to recogni...
13  cards
Ch.12 Contingencies
What is a contingent liability,
What are the required disclosured...,
Ifrs when are contingent liabilit...
10  cards
Ch .23 Income Taxes
What are the steps to calculate d...,
What are some common temporary di...
2  cards

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Financial Accounting

  • Class purpose General learning

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