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Asadur Tufekci
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Decks in this class (50)
FAR - Framework/Overview - FASB, Role/Standard Setting, FASB/Standard Setting
What comprises united states gene...,
What does the securities and exch...,
What is the american institute of...
47
cards
FAR - Framework/Overview - FASB, Conceptual Framework of Financial Reporting, Objectives/Qualitative Characteristics
How many primary qualitative char...,
Conceptually interim financial st...,
What is the conceptual framework ...
27
cards
FAR - Framework/Overview - FASB, Fair Value Framework
True falsefv measurement is elect...,
A invests in b for 20 of stock b ...,
If there is no advantageous marke...
39
cards
FAR - Framework/Overview - U.S. SEC
Mission of sec,
True false foreign businesses can...,
What is an eligible foreign priva...
12
cards
FAR - Framework/Overview - General Financial Statements
Net realizable value current liab...,
Quick ratio acid test,
Operating cycle another name for b s
54
cards
FAR - Framework/Overview, Ratios
Liquidity ratiosoperational ratio...,
Number of days sales in average r...,
Times preferred dividendcash avai...
20
cards
FAR - Framework/Overview, Special Purpose Frameworks
4 other types of financial statem...,
Ocboawho uses them,
Cash basis
31
cards
FAR - Framework/Overview - FASB, IASB
Ifrs monitoring board,
Ifrs foundation,
Ifrs foundation objectives
17
cards
FAR - Financial Statement Acct - Cash/Equiv
True falsethe effective rate of i...,
Not included in cashincluded in c...,
Compensating balance ifrs differe...
6
cards
FAR - Financial Statement Acct - Receivables
Notes receivable characteristics ...,
Gross method receivables net meth...,
True falseif material amounts of ...
29
cards
FAR - Financial Statement Acct - Inventory
Fobfob destination seller riskfob...,
Consignment goodsending inventory,
Periodic inventoryperpetual inven...
60
cards
FAR - Financial Statement Acct - Property, Plant, Equipment
Plant fixed assets property plant...,
Categories of plant assets,
Required footnote disclosure on p...
45
cards
FAR - Financial Statement Acct - Investments
Debt securityex bonds notes conve...,
No significant influence nominal ...,
Required accounting treatment whe...
50
cards
FAR - Financial Statement Acct - Intangibles
Intangible asset intangible asset...,
Impairment test for indefinite in...,
True false successful defense cos...
10
cards
FAR - Financial Statement Acct - Current Liabilities
Liabilities represent,
Exact amount payable for a liabil...,
Liab due on demand what kind of liab
20
cards
FAR - Financial Statement Acct - Deferred Revenue
Change in the deferred revenue ac...,
Accounts are used to record cash ...,
How are deferred revenues expecte...
12
cards
FAR - Financial Statement Acct - Long-Term Debt
2 methods to record a note discou...,
1 market yield effective rate sta...,
Non interest bearing note
119
cards
FAR - Financial Statement Acct - Owner's Equity
Number of common shares issued,
Types of common stock rights,
Define legal capital
88
cards
FAR - Financial Statement Acct - General Revenue Recognition
Revenue,
Revenue recog criteria,
Sec revenue recog criteria
39
cards
FAR - Financial Statement Acct - Costs & Expenses
Cost,
Timing of cash payment,
Matching principle
16
cards
FAR - Financial Statement Acct - Deferred Compensation Agreement
2 types of pension plans,
Defined contribution plan,
Acct for defined contribution plan
51
cards
FAR - Financial Statement Acct - Stock Compensation (Share Based Payments)
Stock options,
Grant datevesting dateservice per...,
Compensation expense
25
cards
FAR - Financial Statement Acct - Interperiod Tax Allocation Basis
Interperiod tax allocation,
Difference between irs tax code gaap,
Measure income tax expense for fi...
70
cards
FAR - Specific Transactions, Events, & Disclosures - Accounting Changes & Error Corrections
Types of changes,
Accounting approaches for account...,
2 mains aspects of retrospective ...
25
cards
FAR - Specific Transactions, Events, & Disclosures - Asset Retirement & Environmental Obligations
Asset retirement obligation aro,
Aro costs,
Aro concepts
9
cards
FAR - Specific Transactions, Events, & Disclosures - Business Combinations
Business combination exam questio...,
Business combination,
Legal forms of business combos
79
cards
FAR - Specific Transactions, Events, & Disclosures - Intro to Consolidated Financials
Intro to consolidated financials,
Consolidated financials,
Exceptions to consolidation
41
cards
FAR - Specific Transactions, Events, & Disclosures - Intercompany Transactions
Transactions balances eliminated,
Eliminating i c receivables payables,
Eliminating revenues expense
31
cards
FAR - Specific Transactions, Events, & Disclosures - Financial Instruments
Financials instruments are,
Financial instruments identified,
Financial instrument valuation pr...
62
cards
FAR - Specific Transactions, Events, & Disclosures - Accounting for Transfers
Transfer of financial assets,
Transferring servicing financial ...,
Participating interest concept3 i...
28
cards
FAR - Specific Transactions, Events, & Disclosures - Contingencies, Commitments, & Guarantees
Contingent liab principles,
Recognizing contingent liab,
Exampls of common contingent liab
15
cards
FAR - Specific Transactions, Events, & Disclosures - Earnings Per Share
True falseeps measures profitabil...,
2 types of eps,
What eps represents
23
cards
FAR - Specific Transactions, Events, & Disclosures - Exit or Disposal Activities & Discontinued Operations
Disposal of an asset,
Exit disposal disclosures,
Discontinued operations
11
cards
FAR - Specific Transactions, Events, & Disclosures - Foreign Currency Denomination
Foreign currency denomination tra...,
Exchange rate,
2 types of exchange rates
68
cards
FAR - Specific Transactions, Events, & Disclosures - Conversion of Foreign Financials
Conversion of foreign financials,
Recording currency,
Reporting currency
20
cards
FAR - Specific Transactions, Events, & Disclosures - Interim Reporting
Interim reporting principles,
Interim reportingacct guideline,
Interim reporting revenue recogni...
16
cards
FAR - Specific Transactions, Events, & Disclosures - Leases
Background operating leases,
Types of leases,
Capital operating lease criteria
65
cards
FAR - Specific Transactions, Events, & Disclosures - Distinguish Liab from Equity
Mandatorily redeemable preferred ...,
Inconsistencies,
Obligations to issue shares
6
cards
FAR - Specific Transactions, Events, & Disclosures - Commercial Substance
Commercial substance exchange,
Nonmonetary asset,
General concepts i
13
cards
FAR - Specific Transactions, Events, & Disclosures - Nonmonetary exchanges
Related parties,
Related party transactions disclo...,
Research development
44
cards
FAR - NFP - Intro
4 types of npo,
Voluntary health welfare org,
Other npos
8
cards
FAR - NFP - Financial Reporting
Purpose of nfp financial reporting,
Financial reporting model net ass...,
Fund accounting external reporting
14
cards
FAR - NFP - Special Issues
Endowments,
Regular pure endowments,
Term endowments
11
cards
FAR - NFP - Donations, Pledges, Contributions, Net Assets
Contribution revenue characteristics,
Types of contributions,
3 classes of net assets
17
cards
FAR - NFP - HealthCare Orgs
Types of hcos,
Hco legal structure,
Hco gaap
21
cards
FAR - NFP - Colleges & universities
Gaap for colleges universities,
Revenues,
Expenses
13
cards
FAR - GASB - Introduction
Characteristics that drive govt a...,
Types of govt entities,
Levels of authority
16
cards
FAR - GASB - Format & Content
3 categories of funds,
Govt funds 5 types,
Proprietary funds 2 types
64
cards
FAR - GASB - Major Funds
Major fund rules,
Balance sheet,
Operating statement
56
cards
FAR - GASB - Specific Items, Transactions, Events
Interfund transaction types,
Quasi external transactions,
Reimbursements
56
cards
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Copy #3
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