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

Decks in this class (20)

Auditing
What should be included for the a...,
What is management responsible fo...,
What is management responsible fo...
272  cards
FAR 1: Accounting Changes
How are changes in accounting pri...,
Would a change from completed con...,
Would a change from lifo to fifo ...
10  cards
FAR 2: Bonds Debt Restructure
What is a serial bond 1,
What is a term bond 2,
What is a debenture bond 3
23  cards
FAR 3: Consolidations
When is the fair value method use...,
When is the equity method used wh...,
When are companies required to fi...
7  cards
FAR 4: Current Assets & Liabilities
What is a current asset 1,
What is a current liability 2,
How is the quick ratio calculated 3
11  cards
FAR 5: Deferred Taxes
What is a temporary difference re...,
What is a deferred tax asset 2,
What is a deferred tax liability 3
8  cards
FAR 6: Derivatives Hedging Translation
How are derivatives recorded 1,
How are unrealized gains losses o...,
How are gains and losses on avail...
14  cards
FAR 7: Financial Reporting
What is the primary objective of ...,
What is the most authoritative se...,
What are the 2 levels of authorit...
70  cards
FAR 8: Fixed Assets
How are research and development ...,
Which expenditures are included i...,
Which expenditures are included i...
15  cards
FAR 9: Governmental Accounting
What are the three major types of...,
Which two accounting bases are us...,
What is a budget appropriation 3
29  cards
FAR 10: IFRS
Which organization s standards ar...,
Where is the first place manageme...,
Which framework helps to develop ...
44  cards
FAR 11: Inventory
Which costs are inventoriable 1,
When does ownership of goods tran...,
When does ownership transfer when...
23  cards
FAR 12: Investments
How are available for sale securi...,
How are available for sale securi...,
How are unrealized g l for availa...
7  cards
FAR 13: Leases
How is a capital lease recorded 1,
What footnote disclosures are req...,
What are the requirements for a c...
10  cards
FAR 14: NFP Accounting
Which financial statements are re...,
What are the major classification...,
What are the major classification...
21  cards
FAR 15: Partnership Accounting
How are capital contributions wit...,
If no goodwill is recorded upon a...,
If goodwill is recorded upon admi...
4  cards
FAR 16: Personal Financial Statements
Which personal financial statemen...,
How are assets and liabilities va...,
How are estimated taxes that woul...
15  cards
FAR 17: Statement of Cash Flows
What items are included in operat...,
What items are included in invest...,
What items are included in financ...
5  cards
FAR 18: Stockholders' Equity
When common stock and preferred s...,
When is apic recorded on a stock ...,
To what extent is retained earnin...
25  cards
Financial
How are changes in accounting pri...,
Would a change from completed con...,
Would a change from lifo to fifo ...
341  cards

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Auditing

  • Class purpose General learning

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