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Marie Keele
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Decks in this class (33)
Revenue — ASPE
What are the criteria to recogniz...,
What condition must be met for pe...,
What factors can impact persuasiv...
20
cards
Revenue – IFRS
What is the definition of revenue...,
What types of income are excluded...,
True or false all revenue is inco...
34
cards
Chapter 19 Revenue - Specific Applications
What is the percentage of complet...,
What method must be used if compl...,
What does ifrs 15 specify regardi...
31
cards
Chapter 22: Accounts Receivable
What are the two categories of re...,
Define accounts receivable 2,
What are non trade receivables 3
16
cards
Chapter 23: Notes Receivable
What is the main difference betwe...,
What type of agreement typically ...,
What information does a promissor...
15
cards
Chapter 26: Inventory
What are the three types of inven...,
How is the initial measurement of...,
What costs are excluded from the ...
16
cards
Chapter 27: Understanding Investments
What is an investment 1,
Name the two categories of invest...,
List examples of debt instruments 3
18
cards
Chapter 29: Property, Plant, and Equipment
What does property plant and equi...,
What are the three components inc...,
True or false general operating c...
28
cards
Chapter 30: Intangible Assets
What are intangible assets 1,
List examples of intangible assets 2,
What criteria must be met for an ...
37
cards
Chapter 34: Decommissioning Provisions and Costs
What is a decommissioning provisi...,
What is a constructive obligation 2,
Under what conditions should a de...
17
cards
Chapter 36: Liabilities
What is a liability 1,
When is a liability considered cu...,
What are the disclosure requireme...
11
cards
Chapter 37: Contingencies
What does the term contingent tra...,
How does ifrs distinguish between...,
What are the three conditions for...
17
cards
Chapter 38: Onerous Contracts
What is an onerous contract accor...,
What must be recognized when an e...,
How does the loss from an onerous...
12
cards
Chapter 44: Basic Earnings per Share
What does earnings per share eps ...,
What are the two types of eps rep...,
What does basic eps reflect 3
17
cards
Chapter 45: Diluted Earnings per Share
What is diluted eps 1,
Why is diluted eps considered a w...,
What happens if basic eps is nega...
25
cards
Chapter 46: Current Income Taxes
What are current taxes payable ba...,
What is the primary difference be...,
What are the two methods aspe pro...
19
cards
Chapter 47: Deferred Income Taxes
What does ias 12 income taxes add...,
What are deferred taxes recorded ...,
What are temporary differences 3
26
cards
Chapter 49: Leases – Lessee Accounting
What is the difference between a ...,
According to ifrs 16 how should m...,
What constitutes a lease in a tra...
37
cards
Chapter 50: Leases – Lessor Accounting
What determines the accounting fo...,
Define a finance lease 2,
What are the characteristics of f...
21
cards
Chapter 51: Accounting for Changes
What are the two approaches for r...,
What is the effect of prospective...,
What does retrospective applicati...
21
cards
Chapter 52: Accounting for Errors
What is the key difference betwee...,
What are some ways errors can occ...,
What should be done when errors a...
12
cards
Chapter 53: Events After the Reporting Period
What are subsequent events as def...,
What is the authorized for issue ...,
What is the subsequent events per...
14
cards
Chapter 54: Investments in Associates — Overview
What is an associate in financial...,
What percentage of voting shares ...,
What happens if an investor holds...
18
cards
Chapter 55: Investments in Associates – In-Depth
What is the acquisition different...,
What are fair value differentials 2,
What does goodwill represent 3
19
cards
Chapter 57: Investments in Subsidiaries — Date of Acquisition
What are the two ways an acquisit...,
How is a business defined accordi...,
What are the key components of a ...
19
cards
Chapter 58: Investments in Subsidiaries – After Acquisition
What is the first step in prepari...,
How often must goodwill be tested...,
What happens if goodwill acquired...
20
cards
Chapter 59: Joint Arrangements
What is the definition of joint a...,
What is required for joint contro...,
What are the two classifications ...
19
cards
Chapter 61: Discontinued Operations
Why is it important for users of ...,
What comprises a component of an ...,
What is the first step an entity ...
16
cards
Chapter 62: Non-Current Assets Held for Sale
What is a non current asset held ...,
What is a disposal group 2,
How are non current assets held f...
18
cards
Chapter 65: Related Party Transactions
What are related party transactio...,
What defines related parties 2,
What is another term commonly use...
24
cards
Chapter 67: Accounting for Not-for-Profit Organizations
What is a not for profit organiza...,
What are the common financial rep...,
What accounting standards can pri...
32
cards
Chapter 63: Foreign Currency Transactions
What must a company determine whe...,
What is the primary objective of ...,
What are the two types of exchang...
23
cards
Chapter 64: Foreign Currency Translation
What is a foreign operation 1,
What is the objective of translat...,
Define functional currency 3
10
cards
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Financial Accounting
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