This class was created by Brainscape user Linden Horswill. Visit their profile to learn more about the creator.
By:
Linden Horswill
- decks
- flashcards
- learners
Decks in this class (39)
Ch. 3 - Financial Instruments - Cash and Receivables
Cash includes examples 1,
Cash exclusion examples 2,
Restricted cash examples 3
10
cards
Ch. 4 - Financial Instruments - Passive Investments
Initial measurement how 1,
Initial recognition when 2,
Subsequent measurement different ...
16
cards
Ch. 14 - Non-Monetary Transactions
Aspe typical measurement of nmt 1,
Aspe excludes measurement at fv i...,
Aspe measurement for exchanges no...
6
cards
Ch. 15 - Related Party Transcations
Two ways to measure a rpt 1,
Carrying amount treatment for dif...,
Criteria to be in the normal cour...
17
cards
Ch. 5 - Inventories
Costs included in inventory gener...,
Costs typically included in merch...,
Costs typically included in manuf...
9
cards
Ch. 13 - Revenue from Contracts with Customers
Ifrs revenue recognition criteria 1,
Identify the contract attributes ...,
Identify the contract combination...
30
cards
Ch. 19 - Financial Instruments - Complex
Convertible bonds initial measure...,
Convertible bonds subsequent meas...,
Convertible bonds derecognition m...
17
cards
Ch. 16 - Government Assistance
Grants are recognized when there ...,
Grants related to income presenta...,
Grants related to assets presenta...
7
cards
Ch. 36 - Not-for-Profit
Contribution revenue policies 1,
Three types of contributions 2,
Unrestricted contributions recogn...
11
cards
Ch. 37 - Public Sector Accounting Standards
Psab means 1,
Psas means 2,
Government business enterprises 3
5
cards
Ch. 6 - Property, Plant and Equipmet
Ppe recognition criteria 1,
Costs to be capitalized to ppe 2,
Componentization 3
26
cards
Ch. 7 - Agriculture
Biological asset or agricultural ...,
Initial measurement biological as...,
Initial measurement agricultural ...
10
cards
Ch. 8 - Leases
Leases ifrs section 1,
Lessee initial measurement two ba...,
Lessee initial measurement right ...
22
cards
Ch. 9 - Goodwill and Intangible Assets
Intangible asset definition 1,
Intangible asset recognition crit...,
Intangibles received through gove...
13
cards
Ch. 10 - Impairment of Assets
Impairment of assets ias 1,
Asset grouping for impairment rev...,
When to test for impairment 3
14
cards
Ch. 17 - Non-Current Assets Held for Sale and Discontinued Operations
Held for sale criteria 1,
Measurement of assets hfs 2,
Depreciation of assets hfs 3
10
cards
Ch. 23 - Income Taxes
Income taxes ias 1,
Non capital losses carry rules 2,
Loss carryback considerations 3
4
cards
Ch. 11 - Decommissioning Provision
Provisions contingent liabilities...,
Recognition criteria 2,
Recognition criteria reliable est...
7
cards
Ch. 12 - Contingencies
Contingent liability vs provisions 1,
Provision recognition criteria 2,
Provision recognition criteria pr...
17
cards
Ch. 25 - Investments in Associates
Investments in associates ias 1,
Investments aspe 2,
When to use equity method of acco...
11
cards
Ch. 30 - Changes in Accounting
Three types of changes in account...,
Two approaches for accounting for...,
Change in estimate how to account 3
8
cards
Ch. 34 - Management Discussion and Analysis
Objectives of md a 1,
Five key elements to md a 2
2
cards
Ch. 18 - Foreign Currency Transcations
Functional currency 1,
Initial measurement of foreign cu...,
Subsequent measurement monetary i...
6
cards
Ch. 20 - Hedge Accounting
Hedge accounting criteria main 1,
Two types of hedges 2,
Fair value hedges 3
13
cards
Ch. 26 - Business Combinations - Date of Acquisition
Steps in the acquisition of shares 1,
How to treat transaction costs in...,
Acquisition differential is 3
17
cards
Ch. 27 - Business Combinations - After Acquisition
Amortization of fair value differ...,
Intercompany transactions classif...,
Intercompany transactions downstr...
4
cards
Ch. 28 - Joint Arrangements
Control rule in joint ventures 1,
Classified in one of two ways 2,
Joint operations 3
8
cards
Ch. 21 - Employee Benefits
Defined contribution plan expense...,
Actuarial risk 2,
The defined benefit obligation is 3
11
cards
Ch. 22 - Share Based Payment
Two primary ways of share based p...,
The vesting period is 2,
When to recognize the expense rel...
14
cards
Ch. 24 - Earnings per Share
Two types of earnings per share 1,
Basic eps calculation 2,
Net earnings available to common ...
11
cards
Ch. 31 - Interim Financial Reporting
Interim fs if a complete set is i...,
Interim fs if condensed must incl...,
Interim fs if condensed must adhe...
7
cards
Ch. 32 - Operating Segments
An operating segment is a compone...,
Reportable segments disclosure re...,
Reportable segments quantitative ...
5
cards
Ch. 33 - Events After the Reporting Period
Two types of subsequent events 1,
What to do with adjusting events 2,
What to do with non adjusting eve...
7
cards
Ch. 29 - Foreign Operations
The functional currency of an ent...,
Things to consider in determining...,
The presentation currency of an e...
14
cards
Ch. 1 - Basics
Criteria for an asset 1,
Criteria for a liability 2
2
cards
Definitions
Revenue 1,
Gain 2,
Ppe ifrs 3
16
cards
Recognition Criteria
Revenue ifrs 1,
Revenue aspe 2,
Gains 3
18
cards
Warrantys
A warranty is recorded as a provi...,
Two types of warranty 2,
How to account for an assurance w...
5
cards
IPO / Prospectus Notes
Key points to comment on filings 1,
Key points to comment on cpab 2,
Key points to comment on independ...
13
cards
More about
Financial Reporting
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Linden Horswill's Financial Reporting flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Financial Accounting Reporting
- 28 decks
- 1583 flashcards
- 9 learners
Decks:
Financial Statements, Basic Concepts Financial Statements, Income Statements Items, And more!
Financial Accounting and Reporting
- 36 decks
- 681 flashcards
- 234 learners
Decks:
Financial Reporting Environment, Income Statement Items, Stay Focused, And more!
