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Dee Nova
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Decks in this class (31)
SCF
Are treasury stock transactions p...,
Examples of non cash activities t...,
Examples of investing activities
40
cards
State and Local Govt
Historical cost constant purchasi...,
Materiality and relevance are bot...,
A full set of financial statement...
50
cards
Income statement and OCI
Where is transaction loss reported,
True or false gain on sale of ass...,
Disposal of segment where is esti...
21
cards
SFCPA notes from Mini Quizzes
What is the term used for receiva...,
Are contingent gains recorded whe...,
Cite all 3 sections of cafr compr...
5
cards
Intangibles
Which intangible asset is subject...,
Patent is to amortized over what ...,
What are trademarks
21
cards
Statement of Comprehensive Income
What s the formula for comprehens...,
Treasury stock,
Unrealized gain loss on afs is kn...
10
cards
BS or Statement of Financial Position
Current liabilities examples,
Long term liabilities,
Current assets
19
cards
Consolidated Financial Statements
What does control or majority vot...,
Liabilities,
Gross profit rate formula
60
cards
Notes to FS
What should the entity disclose i...,
What should be reported in the su...,
A company that wishes to disclose...
8
cards
Equity
Re is decreased for both cash and...,
Excercise of stock rights increas...,
Dividends exceed re
97
cards
NFP
Pledge receivable is to be record...,
Debt securities,
True or false endowment is perman...
25
cards
EPS
How is interest added in the calc...,
What does dilutive eps mean,
If contingent shares are dilutive...
22
cards
Revenue Recognition
Which condition must be present i...,
What has not been paid would be l...,
Notes payable is a ______________...
29
cards
Special Purpose Frameworks
Cash payments to suppliers xxx in...,
Dr increase in prepaid decrease i...,
A co prepared fs on cash basis of...
31
cards
Accrued Liabilities and Payables
What is an accrued liability,
On march 31 yr 3 company received...,
Also on march 31 the company prep...
23
cards
Cash and Cash Equivalents
Items to be considered in bank recon,
How will cash in savings account ...,
Balance of cash per books to be c...
16
cards
Trade Receivables
Cash discount formula 2 10 net 30,
True or false gaap uses accrual a...,
What is factoring
34
cards
Inventory
Cost to retail ratio cost retail,
Cogs beginning inventory purchase...,
Estimated cogs
36
cards
Depreciation
Cost of building,
Cost of land,
The composite depreciation method...
51
cards
Bonds
Carrying amount,
Cash paid,
Amortization
58
cards
General Purpose Financial Reporting
Pervasive expense recognition pri...,
Systematic and rational allocation,
Immediate recognition
4
cards
Ratios
Inventory turnover,
Fifo,
Lifo
33
cards
Investments
Htm securities are carried at an ...,
Convertible preferred stock is an...,
Common stock is bought which resu...
70
cards
Accounting Changes and Error Corrections
Cash basis to accrual basis,
Change in revenue method of long ...,
Accounting changes are measured a...
32
cards
Subsequent Events
Eg welnet was sued in oct of year...
1
cards
FV Measurement
Fv does not take into considerati...,
Level 2 inputs are based on obser...,
Required disclosures include
17
cards
Contingencies and Commitments
If the contract can be modified t...,
If the contract cannot be modifie...,
If the most likely amount is fmv ...
8
cards
DTL/DTA
Temporary differences,
Temp differences are used in both...,
Perm difference does not get coun...
30
cards
Lease
Lease less than 12 months,
If lease term is greater than 12 ...,
Lease payments
29
cards
Revenue Recognition
Je for revenue allocated to the w...,
Prepayments are recorded as a con...,
Cost of sales xxxx inventory xxxx
14
cards
Misc - Revision
Goodwill cv or pp fv,
Fv more than cv denotes,
In consolidated bs equipment will...
50
cards
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Financial Accounting and Reporting
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