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Isa Byczek
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Decks in this class (12)
Chapter 1 - ACC Environment and the Conceptual Framework
Financial accounting info enables 1,
Primary users 2,
Info should help primary users pr...
13
cards
Chapter 2 - Accounting Information System
Step 1 apc 1,
Step 2 apc 2,
Step 3 apc 3
13
cards
Chapter 3 - Income Statement and Comprehensive Income
How many years does the is report 1,
Single step often still presents 2,
Section 1 of ms is 3
30
cards
Chapter 4 - Balance Sheet and Financial Reporting
Bs includes ___ accounts with ___...,
Bs reports ______ years under gaap 2,
An asset is recognized when 3
9
cards
Chapter 5 -Statement of Cash Flows
Scf presents a 1,
Scf presents ____ years 2,
Purpose of scf is to assess of ca...
7
cards
Chapter 10 - Inventory
Lcnrv is used with what method 1,
Lcm is used with what method 2,
Lcnrv write down effects 3
26
cards
Chapter 11 - PPE
Ppes are 1,
Can you resell ppes 2,
Cash purchases of ppes show 3
11
cards
Chapter 14 - Investments
Why do companies invest in other ...,
Debt securities represent 2,
Trading is held for sale in 3
22
cards
Chapter 6 - Fraud and the Audit of Cash
Fraud is 1,
Employee fraud is 2,
Three stages of employee fraud 3
45
cards
Chapter 7 - Revenue and Collection Cycle
4 basic activities of the revenue...,
What sparks the recording or reve...,
3 steps of using the audit risk m...
80
cards
Chapter 8 - Acquisition and Expenditure Cycle
Basic activities of the cycle 1,
The expenditure cycle begins when 2,
Department requisition purchase p...
60
cards
Chapter 11 - Finishing the Audit
What occurs during the beginning ...,
Interim testing includes 2,
What occurs at year end 3
44
cards
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Financial Reporting
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