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Abdulla Tokhie
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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 false fv measurement is elec...,
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 1,
True false foreign businesses can...,
What is an eligible foreign priva...
12
cards
FAR - Framework/Overview - General Financial Statements
Net realizable value 1,
Quick ratio acid test 2,
Operating cycle another name for ...
54
cards
FAR - Framework/Overview, Ratios
Liquidity ratios operational rati...,
Number of days sales in average r...,
Times preferred dividend 3
20
cards
FAR - Framework/Overview, Special Purpose Frameworks
4 other types of financial statem...,
Ocboa who uses them 2,
Cash basis 3
31
cards
FAR - Framework/Overview - FASB, IASB
Ifrs monitoring board 1,
Ifrs foundation 2,
Ifrs foundation objectives 3
17
cards
FAR - Financial Statement Acct - Cash/Equiv
True false the effective rate of ...,
Not included in cash included in ...,
Compensating balance 3
6
cards
FAR - Financial Statement Acct - Receivables
Notes receivable characteristics 1,
Gross method receivables 2,
True false if material amounts of...
29
cards
FAR - Financial Statement Acct - Inventory
Fob fob destination seller risk f...,
Consignment goods ending inventory 2,
Periodic inventory perpetual inve...
60
cards
FAR - Financial Statement Acct - Property, Plant, Equipment
Plant fixed assets property plant...,
Categories of plant assets 2,
Required footnote disclosure on p...
45
cards
FAR - Financial Statement Acct - Investments
Debt security ex bonds notes conv...,
No significant influence nominal 2,
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 1,
Exact amount payable for a liabil...,
Liab due on demand what kind of l...
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 3
119
cards
FAR - Financial Statement Acct - Owner's Equity
Number of common shares issued 1,
Types of common stock rights 2,
Define legal capital 3
88
cards
FAR - Financial Statement Acct - General Revenue Recognition
Revenue 1,
Revenue recog criteria 2,
Sec revenue recog criteria 3
39
cards
FAR - Financial Statement Acct - Costs & Expenses
Cost 1,
Timing of cash payment 2,
Matching principle 3
16
cards
FAR - Financial Statement Acct - Deferred Compensation Agreement
2 types of pension plans 1,
Defined contribution plan 2,
Acct for defined contribution plan 3
51
cards
FAR - Financial Statement Acct - Stock Compensation (Share Based Payments)
Stock options 1,
Grant date vesting date service p...,
Compensation expense 3
25
cards
FAR - Financial Statement Acct - Interperiod Tax Allocation Basis
Interperiod tax allocation 1,
Difference between irs tax code g...,
Measure income tax expense for fi...
70
cards
FAR - Specific Transactions, Events, & Disclosures - Accounting Changes & Error Corrections
Types of changes 1,
Accounting approaches for account...,
2 mains aspects of retrospective ...
25
cards
FAR - Specific Transactions, Events, & Disclosures - Asset Retirement & Environmental Obligations
Asset retirement obligation aro 1,
Aro costs 2,
Aro concepts 3
9
cards
FAR - Specific Transactions, Events, & Disclosures - Business Combinations
Business combination exam questio...,
Business combination 2,
Legal forms of business combos 3
79
cards
FAR - Specific Transactions, Events, & Disclosures - Intro to Consolidated Financials
Intro to consolidated financials 1,
Consolidated financials 2,
Exceptions to consolidation 3
41
cards
FAR - Specific Transactions, Events, & Disclosures - Intercompany Transactions
Transactions balances eliminated 1,
Eliminating i c receivables payab...,
Eliminating revenues expense 3
31
cards
FAR - Specific Transactions, Events, & Disclosures - Financial Instruments
Financials instruments are 1,
Financial instruments identified 2,
Financial instrument valuation pr...
62
cards
FAR - Specific Transactions, Events, & Disclosures - Accounting for Transfers
Transfer of financial assets 1,
Transferring servicing financial ...,
Participating interest concept 3
28
cards
FAR - Specific Transactions, Events, & Disclosures - Contingencies, Commitments, & Guarantees
Contingent liab principles 1,
Recognizing contingent liab 2,
Exampls of common contingent liab 3
15
cards
FAR - Specific Transactions, Events, & Disclosures - Earnings Per Share
True false eps measures profitabi...,
2 types of eps 2,
What eps represents 3
23
cards
FAR - Specific Transactions, Events, & Disclosures - Exit or Disposal Activities & Discontinued Operations
Disposal of an asset 1,
Exit disposal disclosures 2,
Discontinued operations 3
11
cards
FAR - Specific Transactions, Events, & Disclosures - Foreign Currency Denomination
Foreign currency denomination tra...,
Exchange rate 2,
2 types of exchange rates 3
68
cards
FAR - Specific Transactions, Events, & Disclosures - Conversion of Foreign Financials
Conversion of foreign financials 1,
Recording currency 2,
Reporting currency 3
20
cards
FAR - Specific Transactions, Events, & Disclosures - Interim Reporting
Interim reporting principles 1,
Interim reporting acct guideline 2,
Interim reporting revenue recogni...
16
cards
FAR - Specific Transactions, Events, & Disclosures - Leases
Background operating leases 1,
Types of leases 2,
Capital operating lease criteria 3
65
cards
FAR - Specific Transactions, Events, & Disclosures - Distinguish Liab from Equity
Mandatorily redeemable preferred ...,
Inconsistencies 2,
Obligations to issue shares 3
6
cards
FAR - Specific Transactions, Events, & Disclosures - Commercial Substance
Commercial substance exchange 1,
Nonmonetary asset 2,
General concepts i 3
13
cards
FAR - Specific Transactions, Events, & Disclosures - Nonmonetary exchanges
Related parties 1,
Related party transactions disclo...,
Research development 3
44
cards
FAR - NFP - Intro
4 types of npo 1,
Voluntary health welfare org 2,
Other npos 3
8
cards
FAR - NFP - Financial Reporting
Purpose of nfp financial reporting 1,
Financial reporting model net ass...,
Fund accounting external reporting 3
14
cards
FAR - NFP - Special Issues
Endowments 1,
Regular pure endowments 2,
Term endowments 3
11
cards
FAR - NFP - Donations, Pledges, Contributions, Net Assets
Contribution revenue characterist...,
Types of contributions 2,
3 classes of net assets 3
17
cards
FAR - NFP - HealthCare Orgs
Types of hcos 1,
Hco legal structure 2,
Hco gaap 3
21
cards
FAR - NFP - Colleges & universities
Gaap for colleges universities 1,
Revenues 2,
Expenses 3
13
cards
FAR - GASB - Introduction
Characteristics that drive gov t ...,
Types of gov t entities 2,
Levels of authority 3
16
cards
FAR - GASB - Format & Content
3 categories of funds 1,
Gov t funds 5 types 2,
Proprietary funds 2 types 3
64
cards
FAR - GASB - Major Funds
Major fund rules 1,
Balance sheet 2,
Operating statement 3
56
cards
FAR - GASB - Specific Items, Transactions, Events
Interfund transaction types 1,
Quasi external transactions 2,
Reimbursements 3
56
cards
More about
CPA
- Class purpose General learning
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