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Hyejin Ahn
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Decks in this class (25)
P1SA1 Financial Statements
Long term debt should be included...,
When a corporation repurchases sh...,
A statement of financial position...
88
cards
P1SA2 Recognition, measurement, valuation and disclosure
Ending inventory when prices are ...,
Cost of goods sold when prices ar...,
Gross profit when prices are rising
77
cards
P1SB Planning, Budgeting, Forecasting
Which of the following is not a s...,
Strategy is a broad term that usu...,
Which one of the following is mos...
85
cards
P1SC Performance Management
The best basis upon which cost st...,
Economic value added eva,
Net operating profit after taxes
23
cards
P1SD Cost Management
In an income statement prepared a...,
Which of the following is a limit...,
A basic assumption of activity ba...
9
cards
P1SE Internal Controls
Which one of the following tasks ...,
Which of the following statements...,
Pursuant to the sarbanes oxley ac...
13
cards
P1SF Technology and Analytics
What is the primary advantage of ...,
Which of the following activities...,
Which of the following can be dis...
13
cards
1.1 Concepts of Financial Accounting
A primary objective of external f...,
The accounting measurement that i...,
Balance sheet is also called
7
cards
1.2 Statement of Financial Position (Balance Sheet)
What items are reported on the st...,
Basic accounting equation,
Basic accounting equation is base...
16
cards
1.3 Income Statement and Statement of Comprehensive Income
Income equation,
Limitations of income statement,
Which one of the following would ...
11
cards
1.4 Statement of Changes in Equity and Equity Transactions
Purpose of the statement of chang...,
Unless the shares are specificall...
2
cards
2.4 Measurement of Inventory Subsequent to Initial Recognition
Under the weighted average cost m...
1
cards
3.1 Investments in Equity Securities
Ownership interest in an entity,
Equity securities are characteriz...,
Presumed influence based on the o...
8
cards
3.2 Equity Method
Under the equity method dividends...,
Chatham co owned 25 of the voting...,
Significant influence is presumed...
4
cards
3.3 Investments in Debt Securities
_________ represents a creditor r...,
Three categories of debt securities,
Debt securities that the reportin...
5
cards
4.4 Accounting for Bonds Payable
When the amount received from sal...,
On january 1 evangel company issu...
2
cards
7.4 Absorption And Variable Costing
How is the fixed portion of manuf...,
For external reporting purposes t...,
Under absorption costing total ma...
4
cards
8.4 Life Cycle Costing
Describe the introduction phase o...
1
cards
9.2 Overhead Allocation and Normal Costing
The two most appropriate factors ...,
In determining next year s overhe...,
__________ capacity is based on r...
6
cards
9.3 Allocating Service Department Costs
In allocating factory service dep...,
When allocating service departmen...,
Allocation of service department ...
3
cards
12.4 Strategic Management
According to boston consulting gr...,
In the boston consulting group bc...,
A strong competitor in a high gro...
6
cards
12.1 Correlation and Regression
A company has accumulated data fo...,
Regression analysis is also called,
The process of deriving the linea...
6
cards
12.3 Expected Value and Sensitivity Analysis
A widely used approach that manag...,
Difference between the expected p...,
In decision making under conditio...
8
cards
13.1 Roles of Budgets and the Budgeting Process
_____________ is imposed by upper...,
___________ is characterized by g...,
The excess of resources budgeted ...
13
cards
13.2 Budgeting and Standard Costs
Predetermined expectations about ...,
Standard costs that are set for p...,
Performance that is expected to b...
3
cards
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Exam Prep, Part 1
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