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Monio Mark
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Decks in this class (52)
Accounting standards and conceptual frameworks
Who has the legal authority to es...,
How was the sec established 2,
What became the single source of ...
18
cards
Comprehensive Income
What is the mneumonic for other c...,
What are the different types of o...,
What is the equation for comprehe...
26
cards
Balance Sheet and Disclosures Overview
What must be included in both us ...,
Does ifrs require an explicit and...,
What does remaining notes to the ...
10
cards
Interim Financial Reporting
Is interim financial reporting re...,
What reports must be filed with t...,
Is timeliness or reliability emph...
9
cards
Development-Stage Enterprises
A development stage enterprise is...,
What type of financial statements...,
The additional required disclosur...
3
cards
First-Time Adoption of IFRS
How many balance sheets must an e...,
How many statements of comprehens...,
What is the date of transition to...
9
cards
Income Statement
What is the income statement usef...,
What is mneumonic for the present...,
What is the presentation order of...
31
cards
SEC Reporting Requirements
How often must a form 10 k be fil...,
What types of companies must file...,
What is the filing deadline for l...
24
cards
Reporting Segment
In order to conform with us gaap ...,
Are intercompany transactions eli...,
What companies does segment repor...
9
cards
Long-Term Construction Contracts
What accounting standards use com...,
What contract method recognizes i...,
The excess of accumulated costs o...
21
cards
Accounting for Installment Sales
Formula gross profit 1,
Formula gross profit percentage 2,
Formula earned gross profit 3
11
cards
Accounting for Nonmonetary Exchanges
What are the 2 groups that us gaa...,
What causes an exchange to have c...,
What approach is used for a comme...
11
cards
Financial Reporting and Changing Prices
What cost is the actual exchange ...,
What cost would be incurred at th...,
What dollars are unadjusted for c...
14
cards
Other Financial Statement Presentations
Other comprehensive bases of acco...,
What are 3 guidelines that apply ...,
What is the setup for the stateme...
11
cards
Foreign Currency Accounting
What are transactions with a fore...,
What is the conversion of financi...,
What is the exchange rate at the ...
25
cards
Timing Issues
What are the four criterias that ...,
What are the revenue recognition ...,
What method is used to recognize ...
36
cards
Marketable Securities
What are securities that are boug...,
What type of asset is trading sec...,
What are securities that are secu...
19
cards
Business Combinations
Consolidated financial statements...,
When do you consolidate 2,
When do you not consolidate 3
8
cards
Cost Method
When is the cost method used 1,
What is another name for cost met...,
What is the journal entry to reco...
12
cards
Consolidated Financial Statements
What are the main principles for ...,
What does the acquirer recognize 2,
What does the acquirer measures 3
3
cards
Equity Method and Joint Ventures
When is the equity method used 1,
Do you use the equity method when...,
What is the journal entry to reco...
14
cards
Acquisition Method
Journal entry to record the acqui...,
Journal entry to record the acqui...,
What is the investment always val...
20
cards
Intercompany Transactions
How much should be eliminated in ...,
Do you eliminate intercompany tra...,
What account is corrected when in...
8
cards
Working Capital and Its Components
What is the formula for working c...,
What does working capital measure...,
Under us gaap a short term obliga...
36
cards
Fixed Assets
What are the different classifica...,
At what costs are fixed assets sh...,
How is historical cost measured u...
19
cards
Fixed Asset Impairment
What happens if the sum of undisc...,
Under ifrs a fixed asset impairme...,
Does ifrs allow the reversal of i...
5
cards
Depreciable Assets and Depreciation
What is the basic principle of ma...,
What are the 2 types of depreciat...,
What is the type of depreciation ...
12
cards
Inventory
What is retail inventory 1,
When does title pass from the sel...,
If no conditions are agreed upon ...
28
cards
Present Values and Annuities
What are two example of annuities 1,
When are payments made in regards...,
When are payments made in regards...
13
cards
Accounting for Leases
What is an operating lease 1,
What basis does the lessee record...,
How should lease bonus be classif...
42
cards
Long-Term Liabilities and Bonds Payable
What are convertible bonds 1,
What happens in a nondetachable w...,
What happens in the detachable wa...
33
cards
Pension Plans
What are the accounting problems ...,
What does the term funding refer ...,
When is a plan funded 3
36
cards
Postretirement Benefits Other Than Pensions
The cost of retiree health and ot...,
What is the accumulated postretir...,
What is the expected postretireme...
6
cards
Other Deferred Compensation and Benefits
Liabilities for postemployment be...,
How are deferred compensation arr...,
Is accrual of sick pay benefits r...
3
cards
Accounting for Income Taxes
What are the 2 differences betwee...,
What does permanent differences a...,
What does temporary differences a...
17
cards
Stockholder's Equity
What is the amount of capital tha...,
What is the basic ownership inter...,
What are common shareholders not ...
23
cards
Governmental Funds
What are different revenue source...,
What are different expenditure ty...,
How are fixed assets reported in ...
19
cards
Deferred Outflows and Inflows of Resources
How is government wide statement ...,
How is governmental fund balnce s...,
What are the types of transaction...
10
cards
Governmental Accounting Part B
What are the 2 important types of...,
What does operational accountabil...,
What does fiscal accountability f...
32
cards
Fiduciary Funds
Is a statement of cash flows requ...,
What are revenues called in fiduc...,
What type of accounting is used f...
16
cards
Proprietary Funds
What are internal service funds e...,
When are restricted grant revenue...,
What type of accounting is used f...
8
cards
Statement of Cash Flows
Is the statement of cash flows a ...,
What is the purpose of the statem...,
What are the 3 types of cash flows 3
10
cards
Earnings Per Share
What type of capital structure do...,
What is the formula for basic eps...,
Calculation for weighted average ...
5
cards
Not-For-Profit Organizations
What are the 4 categories related...,
What basis of accounting does not...,
The overall emphasis for not for ...
35
cards
Fair Value Measurement
What is the definition of fair va...,
What type of measure is fair value 2,
What type of market is fair value...
16
cards
Variable Interest Entities
What is a corporation partnership...,
What are the 3 conditions to be m...,
What is the entity that has the p...
6
cards
Asset Retirement Obligation
What is the obligation associated...,
What is the amount capitalized as...,
Je to record the asset retirement...
6
cards
Troubled Debt Restructuring
What are the different types of t...,
How is ordinary gain loss recogni...,
How is extraordinary gain recogni...
6
cards
Other Liabilities and Debt Covenants
How can a purchase be recorded in...,
When should sales taxes payable b...,
Are sales taxes an expense of the...
6
cards
Estimated and Accrued Liabilities
What represents recognition of a ...,
Calculation for total estimated c...,
When should sellers create a liab...
4
cards
Partnership
Is there a journal entry for a pu...,
How are assets valued in contribu...,
How are liabilities assumed value...
11
cards
Liquidation Basis of Accounting
How is the liquidation basis appl...,
In order for liquidation to quali...,
Assets must be measured and prese...
5
cards
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FAR
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