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Decks in this class (25)
Chapter 1.5 quiz
Having access to relevant and rel...,
What is financial reporting 2,
Define the generally accepted acc...
41
cards
Chapter 01 Qualitative Characteristics
What are the two fundamental qual...,
What are the fundamental qualitie...,
What are the fundamental qualitie...
15
cards
Chapter 01: Basic knowledge
Financial accounting characterist...,
Key differences between financial...,
Explain sec reporting 3
31
cards
CH 01: Part 2
What is the objective of general ...,
Why are existing and potential in...,
What 3 things do users need from ...
55
cards
CH 01: Part 1
What are the 3 primary characteri...,
What are the 3 primary characteri...,
Define the 2 types of auditing 3
48
cards
Chapter 02 detailed notes cont.
If cash was paid in advance this ...,
If a prepaid asset was debited wh...,
What is the adjusting very to to ...
9
cards
Chapter 01: Exam Review
What are the four types of accoun...,
Define financial accounting 2,
What are the key distinctions abo...
61
cards
Chapter 1.5: Exam Review
Why are existing and potential in...,
Capitol providers need what in or...,
By reporting information concerni...
89
cards
Chapter 4: Balance sheet classification
Preferred stock 1,
Goodwill 2,
Salaries and wages payable 3
42
cards
Chapter 15
Earnings per share 1,
Public companies must report 2,
Private companies must report 3
50
cards
Chapter 03: Income statement
Income statement 1,
Income statement is reported at 2,
Income statement determines what 3
51
cards
Chapter 04: Balance sheet
What type of statement is a balan...,
The balance sheet is useful for a...,
What is the formula for the curre...
38
cards
Balance sheet classifications
Preferred stock 1,
Goodwill 2,
Salaries and wages payable 3
74
cards
Chapter 04 Review
What type of statement is the bal...,
Usefulness of the balance sheet 2,
Limitations of the income stateme...
15
cards
Income statement
General and administrative expense 1,
Selling expense 2,
Loss from impairment 3
13
cards
Inventory Valuation Methods
Inventory valuation methods 1,
What is ivm 2,
What method would a small company...
44
cards
Chapter 06: Cash
Cash consists of what 1,
Why is cash in a savings account ...,
What is a money order 3
45
cards
Chapter 06: Recievables
What are receivables 1,
Receivable classifications 2,
What are tradable receivables 3
66
cards
Journal Entries
Cash register transaction 1,
Credit card transaction 2,
Debit card transaction 3
35
cards
Chapter 07: Periodic vs Perpetual
Service type industry 1,
Merchandising companies 2,
Manufacturing companies 3
34
cards
Chapter 08: Inventory
What are the inventory estimation...,
Why are the inventory methods nee...,
Which method is more accurate and...
34
cards
Statement of cash flows classifications
Cash received from sale of common...,
Cash received from sale of prefer...,
Cash received from sale of reissu...
37
cards
Chapter #1
Objective of general purpose fina...,
For capital providers to asses fu...,
Reporting changes in reporting en...
37
cards
Chapter #2
Arguments for and against accrual...,
Accounting cycle steps 2,
Reversing entries 3
7
cards
Final definitions review
Info must be what two fundamental...,
Relevant and factors 2,
Faithful representation and facto...
32
cards
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ACC 313
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