Financial Accounting Flashcards

Decks in this Class (21):

• Chapter 1 Financial Accounting And Accou

  Chapter 1: Financial Accounting and Accounting Standards

  Sample Cards:

  who are general purpose financial statem,

  the objective of financial reporting,

  what was the 1933 securities act
  19 Cards
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• Chapter 2 Conceptual Framework For Finan

  Chapter 2: Conceptual Framework for Financial Reporting

  Sample Cards:

  what are the three decisions accounting,

  what is the authoritative status of the,

  what is the cost constraint
  14 Cards
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• Chapter 3 The Accounting Information Sys

  Chapter 3: The Accounting Information System

  Sample Cards:

  what is the accounting cycle,

  what are economic events,

  what is the accounting equation
  10 Cards
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• Chapter 4 The Income Statement And Relat

  Chapter 4: The Income Statement and Related Information

  Sample Cards:

  what are the advantages of the income st,

  what are the limitations of the income s,

  how is the single step statement present
  13 Cards
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• Chapter 5 Balance Sheet And Statement Of

  Chapter 5: Balance Sheet and Statement of Cash Flows

  Sample Cards:

  what are the advantages of the balance s,

  what are the limitations of the balance,

  what are the elements of the balance she
  27 Cards
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• Chapter 7 Cash And Receivables

  Chapter 7: Cash and Receivables

  Sample Cards:

  when is ar recognized,

  what is the initial valuation of ar,

  what is the valuation at period end
  5 Cards
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• Chapter 8 Valuation Of Inventories A Cos

  Chapter 8: Valuation of Inventories: A Cost-Basis Approach

  Sample Cards:

  what is the periodic inventory system,

  what is the perpetual inventory system,

  what are the journal entries for invento
  26 Cards
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• Chapter 9 Inventories Additional Valuati

  Chapter 9: Inventories: Additional Valuation Issues

  Sample Cards:

  what is conservatism,

  what is lower of cost or market lcm,

  what is the decision tree for valuing in
  23 Cards
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• Chapter 11 Decision Making And Relevant

  Chapter 11: Decision Making and Relevant Information

  Sample Cards:

  what are the 5 steps in decision making,

  what are the 2 characteristics of releva,

  what are the key features of relevant in
  20 Cards
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• Chapter 12 Pricing Decisions And Cost Ma

  Chapter 12: Pricing Decisions and Cost Management

  Sample Cards:

  what is the main consideration when sett,

  what are the 3,

  what are the 2 key factors affecting sho
  23 Cards
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• Chapter 10 Acquisition And Disposition O

  Chapter 10: Acquisition and Disposition of Property, Plant, and Equipment

  Sample Cards:

  what is property plant and equipment wha,

  how is ppe measured what is included in,

  why is the historical cost of valuation
  29 Cards
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• Chapter 11 Depreciation Impairments And

  Chapter 11: Depreciation, Impairments, and Depletion

  Sample Cards:

  depreciation,

  what are the factors involved in depreci,

  activity method
  19 Cards
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• Chapter 12 Intangible Assets

  Chapter 12: Intangible Assets

  Sample Cards:

  intangibles,

  amortization,

  purchased intangibles
  24 Cards
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• Chapter 17 Investments

  Chapter 17: Investments

  Sample Cards:

  held to maturity,

  trading,

  available for sale
  4 Cards
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• Chapter 10 Acquisition And Disposition O

  Chapter 10: Acquisition and Disposition of Property, Plant, and Equipment (Abbreviated)

  Sample Cards:

  how do companies ordinarily account for,

  commercial substance
  2 Cards
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• Chapter 9 Elements Treatments In Retail

  Chapter 9: Elements & Treatments in Retail Method

  Sample Cards:

  elementabnormal shortages spoilage break,

  elementemployee discounts if sales recor,

  elementfreight in shipping insurance
  6 Cards
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• Chapter 10 Costs Subsequent To Acquisiti

  Chapter 10: Costs Subsequent to Acquisition

  Sample Cards:

  when should you capitalize costs subsequ,

  type of expenditureaddition,

  type of expenditure
  10 Cards
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• Chapter 19 Accounting For Income Taxes

  Chapter 19: Accounting for Income Taxes

  Sample Cards:

  how do you determine the deferred tax li,

  what is the difference between a regular,

  what is the strategy to find the tax rat
  4 Cards
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• Chapter 20 Accounting For Pensions And O

  Chapter 20: Accounting for Pensions and Other Post-retirement Benefits

  Sample Cards:

  what are 3 types of pension plans,

  what does overfunded or underfunded stat,

  what are the components of pension expen
  12 Cards
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• Chapter 21 Accounting For Leases

  Chapter 21: Accounting for Leases

  Sample Cards:

  how should the lesee,

  how should the lesee in a operating leas,

  how should the lessor in a finance lease
  14 Cards
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• Chapter 23 Statement Of Cash Flows

  Chapter 23: Statement of Cash Flows
  0 Cards
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