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Decks in this class (57)
Cash and Cash Equivalents
What is a compensating balance 1,
What is the adjusting entry for a...,
Which of the following is not a b...
31
cards
Trade and other Receivables
Which method does not properly ma...,
A company which has an adequate a...,
Which of the following is a gener...
22
cards
Notes and Loans Receivable and Impairment
Accounting for the interest in a ...,
The amortized cost of loan receiv...,
Long term notes receivable which ...
14
cards
Receivable Financing
If financial assets are exchanged...,
Notes receivable discounted with ...,
Which of the following is true wh...
9
cards
Inventory
Inventories are assets 1,
A manufacturing company has which...,
Which of the following items are ...
29
cards
Inventory Estimation
Inventory estimation will be requ...,
The gross profit method of estima...,
The use of the gross profit metho...
13
cards
Investments
A financial instrument is any con...,
All of the following are regarded...,
A financial asset is any asset th...
43
cards
Investment in Associate
Which of the following statements...,
Under pas 28 beyond the mere 20 t...,
When a company holds between 20 a...
12
cards
Investment Property
Under pas 40 investment property ...,
Which of the following items is a...,
Which of the following could not ...
12
cards
Property, Plant and Equipment
Which is not an essential charact...,
The depreciable amount of an item...,
Carrying amount is a cost of an a...
30
cards
Revaluation and Impairment
When the revaluation model is use...,
Under the revaluation model for a...,
When an entity chooses the revalu...
15
cards
Wasting Assets and Depletion
Pfrs 6 applies to expenditures in...,
Which of the following expenditur...,
Does pfrs 6 require an entity to ...
9
cards
Government Grant
These are assistance by governmen...,
It is an action by government des...,
Which can be considered a governm...
10
cards
Borrowing Cost
Under pas 23 borrowing costs can ...,
Which of the following may not be...,
When computing capitalizable inte...
11
cards
Biological Assets
Which of the following statements...,
According to pas 41 agriculture w...,
The cost of agricultural produce ...
28
cards
Intangible Assets
Which is not a characteristic of ...,
Under pas 38 which of the followi...,
An asset meets the identifiabilit...
39
cards
Current Liabilities
Current liabilities include 1,
A present obligation should be ac...,
An outflow of resources embodying...
31
cards
Leases
The lessee may apply the operatin...,
A short term lease is defined as 2,
Which statement is true about low...
27
cards
Operating Segment
What is the scope of pfrs 8 1,
What defines an operating segment 2,
Who is the chief operating decisi...
45
cards
Cash and Cash Equivalents Copilot
What is cash under pas 7 1,
What are cash equivalents under p...,
What are examples of cash equival...
45
cards
Trade and other receivable Copilot
What are trade and other receivab...,
What are trade receivables 2,
What are nontrade receivables 3
45
cards
Notes and Loans Receivable and Impairment Copilot
What are notes receivable 1,
How are short term notes receivab...,
How are long term interest bearin...
45
cards
Receivable Financing Copilot
What is receivable financing 1,
What is pledging of receivables 2,
What is assignment of receivables 3
45
cards
Inventory Copilot
What is the general rule for inve...,
What costs are included in the co...,
What costs are included in the co...
45
cards
Inventory Estimation Copilot
What are the two main inventory e...,
What is the key assumption of the...,
How is cost of goods sold compute...
45
cards
Investments Copilot
What are the three main classific...,
What are the requisites for class...,
What are the requisites for class...
45
cards
Investment in Associate Copilot
What is the threshold for presumi...,
What are indicators of significan...,
What is the accounting method for...
45
cards
Investment Property Copilot
What is investment property under...,
Which of the following is not inv...,
What is the treatment of property...
45
cards
Property plant and equipment Copilot
What are the recognition criteria...,
How is ppe initially measured 2,
What are examples of directly att...
45
cards
Revaluation and impairment Copilot
What is the revaluation model und...,
What are the two methods for adju...,
What happens when an asset is rev...
45
cards
Wasting Assets and Depletion
What are wasting assets under pfr...,
What are the components of total ...,
What is exploration cost 3
45
cards
Government Grain Copilot
What is a government grant under ...,
When is a government grant recogn...,
What are the two classifications ...
45
cards
Borrowing Cost Copilot
What are borrowing costs under pa...,
What is a qualifying asset 2,
When are borrowing costs capitali...
45
cards
Biological Asset Copilot
What is a biological asset under ...,
What is agricultural produce 2,
What is agricultural activity 3
45
cards
Intangible Asset Copilot
What is an intangible asset under...,
What are the recognition criteria...,
How are intangible assets initial...
45
cards
Financial Statements Copilot
What are the components of a comp...,
What basis of accounting is requi...,
What is the rule on consistency o...
45
cards
Statement of Financial Position Copilot
What is the statement of financia...,
What are the three elements of fi...,
What is the definition of an asset 3
45
cards
Statement of Comprehensive Income
What is comprehensive income 1,
What are the two components of co...,
What are the two classifications ...
60
cards
Statement of Cashflows
What is the purpose of the statem...,
What are the three main sections ...,
What are operating activities 3
45
cards
Events after Reporting period
What are events after the reporti...,
What is an adjusting event 2,
What is a non adjusting event 3
45
cards
Related Party Disclosure
What is a related party under pas...,
What is a related party transacti...,
What is the disclosure requiremen...
45
cards
Interim Reporting
What is an interim period 1,
What is an interim financial repo...,
What are the minimum components o...
45
cards
NCAHFS
What is a discontinued operation 1,
What is a component of an entity 2,
How is a discontinued operation p...
45
cards
Changes in Accounting Estimates
What are accounting policies 1,
What is a change in accounting po...,
What are the valid reasons to cha...
45
cards
Book Value per share
What is book value per share bvps 1,
What is the formula for bvps when...,
What is the first step in computi...
45
cards
Earnings per share
What is basic earnings per share ...,
What is the formula for basic eps 2,
What is diluted earnings per share 3
45
cards
SMES
What is the definition of an sme ...,
What is the asset or liability th...,
Which entities are excluded from ...
45
cards
Basic Accounting Concepts
What are the two phases of the ac...,
What are the nine steps in the ac...,
What is a simple journal entry 3
45
cards
Revised Conceptual Framework
What is the primary objective of ...,
Who are the primary users of fina...,
What are the two fundamental qual...
45
cards
Current Liabilities
What are the essential characteri...,
What are current liabilities unde...,
When is a liability classified as...
45
cards
Notes payable and Debt Restructuring
What is the initial measurement o...,
What is the initial measurement o...,
What is the subsequent measuremen...
45
cards
Bonds Payable
What is the initial measurement o...,
What is the subsequent measuremen...,
What is the effective interest ra...
45
cards
Leases
What is the definition of a lease...,
What are the two exemptions for a...,
What is the initial measurement o...
45
cards
Income Taxes
What is the definition of account...,
What is the definition of taxable...,
What is the initial measurement o...
45
cards
Employee Benefits
What are the four categories of e...,
What is the definition of a defin...,
What is the definition of a defin...
45
cards
Shareholder's Equity
What are the four basic rights of...,
What is the primary feature of cu...,
What is the accounting treatment ...
45
cards
Share-based Compensation
What are the classifications for ...,
What type of share based payment ...,
What is the measurement method ma...
45
cards
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FAR
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