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Josef Storm
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Decks in this class (30)
Basic Concepts and Framework
Who authorized the financial acco...,
A financial reporting framework f...,
What are the two general purpose ...
57
cards
Financial Statement Analysis
How do you calculate working capi...,
How do you calculate the current ...,
How do you calculate the quick ra...
42
cards
Cash, Current Assets & Balance Sheet Presentation
What is a current asset 1,
What is a current liability 2,
What is a cash equivalent 3
16
cards
Cost vs Equity Method
What is the cost method 1,
What is the equity method 2,
What are consolidations 3
29
cards
Marketable Securities
What are trading securities 1,
What are available for sale secur...,
What are held to maturity securit...
39
cards
Inventory
How is inventory valued 1,
Are sales commissions an inventor...,
When does ownership of goods tran...
58
cards
Non-Profit Accounting
Which financial statements are re...,
What are the major classification...,
What is the measurement focus and...
56
cards
Personal Financial Statements and Liquidation Basis of Accounting
Are personal financial statements...,
What basis are personal financial...,
Assets are reported at what value...
20
cards
Partnerships
What are the two main areas that ...,
At what value should assets contr...,
At what value should liabilities ...
14
cards
Financial Instruments & Derivatives
What is a financial instrument 1,
What are the three main reasons w...,
Are derivatives assets or liabili...
30
cards
Foreign Operations
What is the transactional currency 1,
What is the functional currency 2,
What is the reporting currency 3
29
cards
Property, Plant & Equipment
What costs might be included in t...,
At what value are fixed assets in...,
Do we depreciate land 3
68
cards
Intangibles
How are research and development ...,
The legal protection of product a...,
How are legal fees to defend a pa...
34
cards
Installment Sales & Cost Recovery Method
What is the installment method of...,
How is interest on an installment...,
How does the cost recovery method...
7
cards
Long Term Construction Contracts
What are the two methods for reco...,
What is the formula to recognize ...,
For long term construction contra...
13
cards
Inflation Accounting
Is accounting for the effects of ...,
What is an asset or liability who...,
What is a monetary item 3
10
cards
Receivables
Are amounts due from officers emp...,
What value should accounts receiv...,
What is net realizable value 3
61
cards
Interim Financial Reporting
What report are publicly traded c...,
Is gaap used for quarterly and in...,
For interim financial statements ...
18
cards
Segment Reporting
With regard to segment reporting ...,
What is the threshold for reporti...,
What are some areas that segments...
18
cards
Bonds and Present Value Tables
What is a bond 1,
What is a borrowing agreement in ...,
What is a term bond 3
80
cards
Leases
Which type of lease agreement sub...,
Which type of lease agreement has...,
Are any special journal entries r...
61
cards
Liabilities
What are financial liabilities 1,
What is a current liability 2,
What value are current liabilitie...
56
cards
Accounting For Income Taxes (Deferred Taxes)
Are fees and fines incurred durin...,
Are warranty expenses deductible ...,
Is municipal bond interest deduct...
41
cards
Statement of Cash Flows
What cash flows are related to th...,
What cash flows involve the acqui...,
What cash flows result from trans...
34
cards
Governmental Accounting
What are the three major fund cat...,
Which two accounting bases are us...,
What are the types of governmenta...
69
cards
Stockholders' Equity
What is meant by par value of sto...,
How might stock subscriptions be ...,
When is apic recorded on a stock ...
61
cards
Earnings Per Share
How is book value per share of co...,
How is basic earnings per share e...,
For eps purposes which date is us...
12
cards
Reporting the Results of Operations & IFRS Financial Statements
What distinguishes non operating ...,
What is required for a component ...,
Are discontinued operations displ...
32
cards
Accounting Changes and Error Correction
Name the three types of accountin...,
What is meant by retrospective tr...,
Define prospective treatment 3
32
cards
Pensions & Postemployment Benefits
What type of pension plan sets as...,
What type of pension plan guarant...,
What are the two special problems...
51
cards
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Joe's CPA Flashcards - FAR
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