Financial 10 Fair Value,Partnerships,Sub. Events,IFRS vs GAAP and Other
FAR F10-1 Fair Value Measurement
Fair value is the price that would be received to sell an asset OR paid to transfer a
liability in an orderly transaction betw
Financial 9 Governmental and NotForProfit Organizations
FAR F9-1 Governmental accounting Part B
GASB 34 is the governmental reporting standards
Governmental reporting = Basic financial statements F/S + Required
supplementary information R
Financial 7 Stockholders Equity, Cash Flows, and Ratio Analysis
FAR F7-1 StockholdersEquity
Stockholders equity is the owners claim to the net assets of a corporation.
Additional paid-in capital
Financial 6 Pensions and Income Tax Accounting
FAR F6-1 Pension Plans
Pension plans overview
A pension plan is an agreement in which the employer provides employees with
defined or estimated retirement benefits in exchange for current or past serv
Financial 5 Leases, Liabilities, and Bo
FAR F5-1 Present Values and Annuities
Time is money.
Given the choice, $1.00 today is better than $1.00 in one year.
Why? Firstly, because you can earn interest on the dollar today. Secondly, because
Financial 2 Matching, Foreign Currency Accounting, and Other Financial
FAR F2-1 Timing issues: Matching
F2-1-1 TERMINOLOGY AND BASIC CONCEPTS
Assets are probable future economic benefits that are obtained or controlled by a
Financial 4 Working Capital and Fixed Assets
FAR F4-1 Working Capital And Its Components
Working Capital = Current Assets CA Current Liabilities CL.
Measure the company solvency ability.
Current ratio = CA / CL
Quick ratio = CA-Inv. / CL