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Theory of Financial Accounting I

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

By: Emma Whitney
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Decks in this class (13)

Chapter 2: Conceptual Framework
Assets 1,
Objective of financial reporting 2,
Financial reporting financial acc...
55  cards
Chapter 3: The Accounting Information System
Modified cash basis 1,
Nrv 2,
Unearned revenues 3
93  cards
Chapter 4: Income Statement and Related Information
Corrections of errors on financia...,
Multi step income statement 2,
Change in accounting principle 3
45  cards
Chapter 5: Balance Sheet and Statement of Cash Flows
Current ratio 1,
Liquidity ratios 2,
Liquidity 3
116  cards
Chapter 6: Accounting and the Time Value of Money
Present value factor 1,
Effective rate 2,
Future value of an ordinary annui...
28  cards
Chapter 7: Cash and Receivables
Journalizing gross method of acco...,
Journalizing factoring sale with ...,
Journalizing factoring sale witho...
111  cards
Chapter 8: Inventories
Inventories 1,
Raw materials account 2,
Work in progress 3
20  cards
Chapter 9: Inventories: Additional Valuation Issues
Lifo reserve 1,
Lifo effect 2,
Last in first out costing method 3
38  cards
Chapter 10: Acquisition and Disposition of Property, Plant, and Equipment
Conditional contribution 1,
Contribution of assets 2,
Contributions 3
66  cards
Chapter 11: Depreciation, Impairments, and Depletion
Modified accelerated cost recover...,
Macrs depreciation method by class 2,
Optional straight line method 3
44  cards
Chapter 12: Intangible Assets
Intangible assets on balance sheet 1,
Treatment of research and develop...,
Research development activities 3
28  cards
Chapter 13: Current Liabilities and Contingencies
Self insurance 1,
Accounting recognition of asset r...,
Consideration payable 3
48  cards
Chapter 14: Long Term Liabilities
Classification of discount and pr...,
Effective interest rate amortizat...,
Treatment of bond issue costs 3
40  cards

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Theory of Financial Accounting I

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