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Andy Levy
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Decks in this class (30)
Financial Statements
Current assets expected to be rea...,
Noncurrent assets nonoperating it...,
Current liabilities expected to b...
15
cards
Earnings per Share
Beps equation 1,
Beps numerator income available t...,
Deps 3
10
cards
Revenue from Contracts
5 step model for recognizing reve...
1
cards
Revenue Recognition over Time
Input method 1,
Input method equation 2,
Input method equation 3
4
cards
SEC Reporting/Interim periods
Management s discussion analysis ...,
10 k 2,
10 q 3
7
cards
Accounting Changes and Error Corrections
Three types of accounting changes 1,
Change in accounting principle re...,
Cumulative effect of retrospectiv...
7
cards
Subsequent Events/Significant Accounting Policies & Credit Risk
Subsequent event 1,
Recognized subsequent events 2,
Unrecognized subsequent events 3
5
cards
Fair Value Measurements
What is fair value 1,
What are market participants 2,
What is an orderly transaction 3
8
cards
Cash
Cash readily available 1,
Restricted cash 2,
Additions to book balance 3
6
cards
Fair Value Option
Fair value option may not be elec...,
Election of fvo is made at electi...,
Unrealized gains losses on the re...
5
cards
Investments in Equity Securities/Equity Method
Ownership influence accounting me...,
Measurement alternative w out a r...,
Significant influence 20 50 influ...
8
cards
Investments in Debt Securities and Bonds
Held to maturity trading availabl...,
Held to maturity debt securities ...,
If held to maturity is sold prior...
7
cards
Trade Receivables
Direct write off method 1,
Allowance method 2,
On balance sheet the carrying amo...
11
cards
Inventory
Retail cogs equation 1,
Cost of goods manufactured equati...,
Perpetual inventory system 3
8
cards
Cost Flow Methods
Average cost method 1,
Moving average vs weighted average 2,
Weighted average equation 3
6
cards
Measurement of inventory
Inventory accounted for using lif...,
Market cost is equal to what 2,
Inventory accounted for using met...
3
cards
PPE
Definition of ppe 1,
Ppe carrying amount equation 2,
Initial costs of land 3
6
cards
Depreciation
Straight line depreciation equati...,
Declining balance depreciation eq...,
Sum of years depreciation equation 3
10
cards
Intangible Assets & Patents
Amortization period for a patent ...
1
cards
AP
Fob shipping point vs fob destina...
1
cards
Income Tax Accounting
How is taxable income calculated 1,
What is a temporary difference 2,
What is a permanent difference 3
3
cards
Time Value of Money
Present value of a single amount 1,
Future value of a single amount 2,
Present value of ordinary annuity 3
6
cards
Bonds Payable
Face amount of bonds 1,
What is a bond sold at par 2,
Bond issued at a premium 3
7
cards
Lease Classification
What are the five criteria of a f...,
Lessee vs lessor 2,
Short term lease classifications 3
4
cards
Contingencies
What are the three degrees of con...,
Two conditions that must be met i...,
Disclosure of loss contingencies 3
4
cards
Warranties
Assurance type vs service type wa...,
Accounting for assurance type war...,
Accounting for service type warra...
3
cards
Equity
Stock authorized issued outstandi...,
Mandatorily redeemable financial ...,
Retained earnings 3
6
cards
Treasury Stock - Acquisition/Reissue
Treasury stock cost method 1,
Treasury stock par value method 2,
Acquisition price original issue ...
6
cards
Dividends
What is the date of declaration 1,
What is the date of record 2,
What is the date of payment 3
10
cards
Business Combinations
Acquisition method of a business ...,
Equation of goodwill or gain from...,
Additional costs to acquisition 3
6
cards
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CPA Exam - FAR
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CPA EXAM - FAR
- 37 decks
- 883 flashcards
- 12 learners
Decks:
Accounting Changes, Bonds Debt Restructure, Consolidations, And more!
