Financial Accounting and Reporting

This class was created by Brainscape user Violla Richardson. Visit their profile to learn more about the creator.

Decks in this class (18)

F1-M1-Balance Sheet, Income Statement & Comprehensive Income
What should a full set of financi...,
The gain loss from discontinued o...,
How do we account for subsequent ...
15  cards
F1-M2 - EPS and Public Company Reporting Topics
Describe form 10 k and form 10 q ...,
What is the basic formula used fo...,
Compare basic and diluted eps 3
6  cards
F1-M3 Stockholder's Equity: Part 1
Define common stock and list the ...,
List some common properties of pr...,
What are the two alternative meth...
5  cards
F1-M4 Stockholder's Equity: Part 2
List the significant dates with r...,
List five types of dividends 2,
What is the threshold for treatin...
5  cards
F2-M1-Revenue Recognition Introduction
For long term construction type c...,
State the formula for recognizing...,
List the steps associated with th...
19  cards
F2-M2-Accounting Changes and Error Corrections
Name the three types of accountin...,
How is a change in accounting pri...,
What are the special exceptions t...
6  cards
F2-M3-Adjusting Journal Entries
What four situations require adju...,
What is the journal entry to reco...,
What are the three rules for reco...
4  cards
F2-M4-Notes to Financial Statement
Identify the contents of the summ...,
What are the us gaap disclosure r...
2  cards
F2-M5-Subsequent Events
What is a subsequent event and wh...
1  cards
F2-M6-Fair Value Measurements
Define fair value 1,
Describe the valuation techniques...,
Describe the hierarchy of fair va...
3  cards
F2-M7-Special Purpose Frameworks
What are the general guidelines f...
1  cards
F2-M8-Ratio and Variance Analysis
What is the current ratio formula 1,
What is the quick ratio formula 2,
What is the operating cash flow r...
14  cards
F3-M1-Cash and Cash Equivalents
Define cash and cash equivalents 1
1  cards
F3-M2-Trade Receivables
At what value should non interest...,
Notes receivable may be discounte...,
Describe the computational steps ...
7  cards
F3-M3-Inventory
When does the title to goods pass...,
Under us gaap how is market calcu...,
How is net realizable value calcu...
9  cards
F3-M4-PP&E: Cost Basis
Give some examples of capitalizab...,
Describe the proper accounting fo...,
Give example of costs to be capit...
6  cards
F3-M5-PP&E: Depreciation, Disposal, and Impairment
Name the most common depreciation...,
State the rules for computing dep...,
What is the calculation for impai...
4  cards
F3-M6-Intangibles with Finite Lives
How should the contractual amount...,
Define start up costs what is the...,
What is the maximum period over w...
8  cards

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Financial Accounting and Reporting

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Financial Accounting and Reporting
  • 36 decks
  • 681 flashcards
  • 228 learners
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