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Nicole Aufiero
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Decks in this class (32)
FAR - Financial Reporting
Financial reporting,
Financial reporting,
Financial reporting
56
cards
FAR - FASB - Role & Standard Setting Process - FASB and Standard Setting
Financial reporting fasb standard...,
Financial reporting fasb standard...,
Financial reporting fasb standard...
10
cards
FAR - FASB - Role & Standard Setting Process - GAAP & Accrual Accounting
When is revenue recognized under ...,
What purpose does the fasb accoun...,
What does gaap address
11
cards
FAR - FASB - Role & Standard Setting Process - Financial Statements
Name the two different formats of...,
Where and how are prior period ad...,
How are assets presented on the b...
12
cards
FAR - FASB - Role & Standard Setting Process - Financial Accounting Standards Codification
What is the reason for the fasb a...,
What are the major areas in the f...,
What is the highest structure of ...
5
cards
FAR - FASB - Conceptual Framework of Financial Reporting by Business Enterprises - Objectives & Qualitative Characteristics
Objectives and qualitative charac...,
Objectives and qualitative charac...,
Objectives and qualitative charac...
15
cards
FAR - FASB - Conceptual Framework of Financial Reporting by Business Enterprises - Assumptions, Accounting Principles
Assumptions accounting principles,
Assumptions accounting principles,
Assumptions accounting principles
12
cards
FAR - FASB - Conceptual Framework of Financial Reporting by Business Enterprises - Constraints and Present Value
Constraints and present value,
Constraints and present value,
Constraints and present value
8
cards
FAR - FASB - Fair Value Framework - Introduction & Definitions
What are the major purposes inten...,
For purposes of the fair value de...,
Define fair value for accounting ...
3
cards
FAR - FASB - Fair Value Framework - Recognition & Measurement
List the dates when an entity may...,
Define entry price,
List the situations where the ent...
10
cards
FAR - FASB - Fair Value Framework - Inputs & Hierarchy
What purpose does the fair value ...,
Describe fair value measurement i...,
What are the three levels of the ...
3
cards
FAR - FASB - Fair Value Framework - Disclosure Requirements
What types of comparisons are fai...,
What are the special disclosures ...,
What significant fair value discl...
4
cards
FAR - IASB - Role & Standard Setting Process - IASB & Structure
Who appoints members of the inter...,
What does the ifrs interpretation...,
What is iosco
14
cards
FAR - IASB - Role & Standard Setting Process - IASB Accounting Standards
When can revisions happen for sma...,
Under ifrs if no standards exist ...,
Is ifrs more rule based or princi...
9
cards
FAR - IASB - Conceptual Framework of Financial Reporting by Business Enterprises - IASB Framework
True or false income may be reali...,
What elements of the fasb framewo...,
What are the underlying assumptio...
12
cards
FAR - U.S. Securities & Exchange Commission (SEC) - SEC - Role & Standard-Setting Process
What purpose does accounting and ...,
Define staff accounting bulletins...,
When the sec finds an accounting ...
8
cards
FAR - U.S. Securities & Exchange Commission (SEC) - SEC Reporting Requirements
What does the securities act of 1...,
What information does management ...,
What does registration with the s...
15
cards
FAR - Framework, Overview & Statements - General-Purpose Financial Statements - Balance Sheet 1
What is a valuation account used for,
Describe the formula for quick or...,
How are current assets listed on ...
8
cards
FAR - Framework, Overview & Statements - General-Purpose Financial Statements - Balance Sheet 2
Do ifrs allow the term reserve on...,
What is the classification for an...,
What are the steps of the account...
9
cards
FAR - Framework, Overview & Statements - General-Purpose Financial Statements - Income Statement
How are unusual or infrequent ite...,
What items are not shown on the i...,
What represents increases in net ...
9
cards
FAR - Framework, Overview & Statements - General-Purpose Financial Statements - Income Statement 2
Is a separate statement of other ...,
What two formats are accepted und...,
What are the forms of the stateme...
10
cards
FAR - Framework, Overview & Statements - General-Purpose Financial Statements - Balance Sheet 1
What are two ways of reporting co...,
What is net income plus or minus ...,
What is other comprehensive incom...
9
cards
FAR - Framework, Overview & Statements - General-Purpose Financial Statements - Statement of Changes In Equity under US GAAP
Is the statement of changes in eq...,
How many years or owner s equity ...,
How are accounts listed in the ve...
7
cards
FAR - Framework, Overview & Statements - General-Purpose Financial Statements - Statement of Cash Flows - Sources & Uses of Cash
What is the indirect method on th...,
What is the cash flow category fo...,
What is the basic purpose of the ...
11
cards
FAR - Framework, Overview & Statements - General-Purpose Financial Statements - Statement of Cash Flows - Operating, Investing, and Financing Activities
Where are non cash investing and ...,
Where is the cash effect on forei...,
What is the cash flow category fo...
13
cards
FAR - Framework, Overview & Statements - General-Purpose Financial Statements - Statement of Cash Flows - Operating Cash Flows - Indirect Method
Using the indirect method for rep...,
What is the purpose of the operat...,
Using the indirect method for rep...
6
cards
FAR - Framework, Overview & Statements - Notes to Financial Statements - Notes to Financial Statements
What disclosure is required by fi...,
Under ifrs what should the summar...,
Define purchasing power loss
19
cards
FAR - Framework, Overview & Statements - Notes to Financial Statements - Ratios - Liquidity / Solvency & Operational
What are the general types of ratios,
List the formula for working capital,
List the formula for the acid tes...
15
cards
FAR - Framework, Overview & Statements - Notes to Financial Statements - Ratios - Profitability and Equity
What do profitability ratios measure,
List the debt ratio formula,
List the book value per common st...
15
cards
FAR - Framework, Overview & Statements - Special Purpose Framework - Cash, Modified Cash, Income Tax
Describe a modified cash basis of...,
Identify the other comprehensive ...,
Identify some bases of accounting...
3
cards
FAR - Framework, Overview & Statements - Special Purpose Framework - Personal Financial Statements
What accounting concepts underlie...,
Identify the entities for whom pe...,
Describe the basis for measuring ...
9
cards
FAR - Framework, Overview & Statements - Special Purpose Framework - Private Company Council
What does the private company cou...,
What modification is allowed for ...,
What modification is allowed for ...
4
cards
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CPA Review - FAR
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