Financial Accounting and Reporting (FAR)

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

Decks in this class (23)

F1:M1-B/S, I/S and Comprehensive Income
What is other comprehensive incom...
1  cards
F1:M2-EPS and Public Company Reporting Topics
What is the basic formula used fo...,
Name the potentially dilutive sec...,
Compare basic and diluted eps 3
7  cards
F1:M3|M4-Stockholders' Equity
What is the date of declaration 1,
What is the date of record 2,
What is the date of payment 3
5  cards
F2:M1-Revenue Recognition Intro
What is the five step approach to...,
When is revenue recognized at a p...,
When is revenue recognized over t...
13  cards
F2: M2-Accounting Changes and Errors
Change in accounting entity or pr...,
What would a change from non gaap...,
How does overstated understated e...
9  cards
F2: M3-Adjusting Journal Entries
0  cards
F2: M4-Notes to Financial Stmts
When is a disclosure of vulnerabi...,
What is the summary of significan...,
Blank 3
3  cards
F2:M5-Subsequent Events
What is a subsequent event 1,
What are the categories that subs...,
What is a recognized subsequent e...
13  cards
F2:M6-Fair Value Measurements
What is fair value 1,
How is fair value different from ...,
How is fair value defined 3
17  cards
F2:M7-Special Framework
How do you adjust for increases a...
1  cards
F2:M8-Ratio and Variance
Gross profit margin 1,
Current ratio 2,
Accounts receivable turnover 3
3  cards
F3:M1-Cash and Cash Equivalents
Define cash and cash equivalents 1
1  cards
F3:M2-Trade Receivables
What are some characteristics of ...,
What are some characteristics of ...,
What are trade receivables 3
4  cards
F3:M3-Inventory
What is consignment and how does ...,
How do fob shipping terms affect ...,
During periods of rising prices t...
7  cards
F3:M4-PP&E: Cost Basis
0  cards
F3:M5-Depreciation and Disposal
0  cards
F3:M6-Intangibles with Finite Lives
What does discount interest repre...,
How are start up cost treated for...,
What type of activities are start...
4  cards
F4:M1- Payables and Accrued Liabilities
0  cards
F4:M2-Contingencies and Commitments
How are contingency treatments ma...,
How do you calculate total estima...,
How should you treat loss conting...
4  cards
F4:M3-Long-Term Liabilities
How to report long term notes pay...,
What is imputed interest 2,
What is the carrying amount prese...
7  cards
F4:M4-Bonds Part 1
How is the market price of a bond...,
How is the market price of a bond...,
When is a bond issued at a discou...
16  cards
F4:M5: Bonds Part 2
Name two methods of amortizing bo...,
What are the major disclosures fo...,
How is interest expense calculated 3
11  cards
F5:M6-Troubled Debt Restructuring
When is a loan considered impaired 1,
What is an impairment 2,
How is an impairment recorded 3
9  cards

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Financial Accounting and Reporting (FAR)

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