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

Decks in this class (15)

FAR 1 : General-Purpose Financial Reporting: For-Profit Business Entities
What assets can be converted into...,
What are assets called that can t...,
What are obligations due within a...
85  cards
FAR 2 : Nongovernmental - not for profit entities
What is the purpose of a statemen...,
What are net assets without donor...,
What is the purpose of a statemen...
4  cards
FAR 5 Current Ratio
What is the current ratio 1,
Whats the average days sales in i...,
What is the dividend payout formu...
14  cards
FAR 3 STATE AND LOCAL GOV
What funds of the governmental un...,
What is the orientation of accoun...
2  cards
FAR 9 INVENTORY
What is the weighted average cost...,
What is the new moving average un...,
How do you find ending inventory ...
7  cards
FAR 10 PPE
The __________ of an asset is the...,
These costs are apart of what kin...,
When does interest cost stop bein...
9  cards
FAR 7 CASH
True or false you don t include p...,
How do you handle a check that is...
2  cards
FAR 11 - Investments
Where do you report unrealized ga...,
What happens to afs unrealized ga...,
Where are afs gains losses report...
15  cards
FAR 12 - Intangible assets
How are intangible assets with fi...,
How are cloud computing arrangeme...,
Can you capitalize customized sof...
4  cards
FAR 8 - Trade receivables
Do you find the bank s discount w...,
Blank 2
2  cards
FAR 13 - Payroll
Is deferred income tax liability ...,
When you accrue vacation does the...,
Which rights are not contingent o...
5  cards
FAR 14 - debt
The face value x the stated rate ...,
Where is a bond reported when its...,
Term or serial bonds with a singl...
14  cards
FAR 4 - Public company reporting
Which one is audited 1,
Which one is a condensed financia...,
The following information pertain...
4  cards
FAR 15 - EQUITY
How is an asset valued when a par...,
How is a non asset subject to a l...,
Are retained earnings decreased w...
6  cards
FAR 16 - Accounting Changes
Do you use the retrospective appr...,
Is salvage value ignored when you...,
What account is debited when you ...
4  cards

More about
CPA FAR

  • Class purpose General learning

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