This class was created by Brainscape user Paola Frasica. Visit their profile to learn more about the creator.
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Paola Frasica
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Decks in this class (9)
FAR 2 - Timing Issues: Matching of Revenue and Expenses, Correcting and Adjusting Accounts
What are requirements of revenue ...,
When is the revenue from the sale...,
When is the revenue from the sale...
18
cards
FAR 2 - Timing Issues: Matching of Revenue and Expenses, Correcting and Adjusting Accounts
When is sale completed and revenu...,
When does franchisor recognize re...,
Define unearned revenue for franc...
18
cards
FAR 2 - Timing Issues: Matching of Revenue and Expenses, Correcting and Adjusting Accounts
How are research and development ...,
What items are not considered res...,
Difference between us gaap and if...
14
cards
FAR 2 - Long-Term Construction Contracts
When does completed contract meth...,
Difference between progress billi...,
When are losses recognized for co...
17
cards
FAR 2 - Accounting for Installment Sales
How to find gross profit in accou...,
How do you find gross profit perc...,
How do you find earned gross prof...
13
cards
FAR 2 - Accounting for Nonmonetary Exchanges
Journal entry to record exchange ...,
Define an exchange having commerc...,
How does ifrs define nonmonetary ...
9
cards
FAR 2 - Financial Reporting and Changing Prices
Define monetary asset vs monetary...,
Define historic costcurrent costn...,
Define historic costcurrent costn...
5
cards
FAR 2 - Foreign Currency Accounting
Define foreign currency transaction,
Define foreign currency translation,
Define direct method for exchange...
17
cards
FAR 2 - Other Financial Statement Presentations
How do you determine estimated ta...,
What are included in personal fin...,
Guidelines for ocboa presenation
10
cards
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FAR 2
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