Enterprise system, Remote access, Virtual computing

adjusting entries, balance sheet, income statement, trial balance

purpose, understanding accounting

purpose, understanding accounting

debt, early extinguishment, effective rate, equity securties, recording interest, straight line method

debt, effective rate, equity securities, recording interest, straight line method

accounting for debt, debt instruments, equity financing, types of bonds

discount, par, premium, selling price

liabilities acquired, value of assets

balance sheet, cash receipts, dispursements, internal control, restrictions on cash

cash flow, commodity, commodity cash flow hedges, hedges, journal entries, swap cash flow hedges

commodity fair value hedges, journal entries, swap fair value hedges

financial date, importing and exporting, settlement, transaction date

consolidation, conversion methods, current rate method, functional currency, remeasurement, temporal method, translation

computation, CTA reconciliation, current rate method, exchange rate, functional currency, interpretation, translation

computation, CTA reconciliation, exchange rate, functional currency, interpretation, remeasurement, temporal method

CTA reconciliation, remeasurement, translation

goodwill impairment

determining market value, inventory errors, inventory method, LCM, LIFO Method, lower of cost or market, reporting

cost of goods sold, cost of inventory, expenditures, periodic inventory, perpetual inventory, physical quantities of goods, quantities of goods

average cost, COGS, cost of ending inventory, cost of goods sold, cost of inventory, FIFO, first in first out, gaap, generally accepted accounting principles, IFRS, international financial reporting standards, specific identification, WAVG, weighted average

COGS, cost of goods sold, cost of inventory, gaap, genearlly accepted accounting principles, IFRS, international financial reporting standards, last in first out, LIFO, LIFO liquidations, periodic LIFO, perpetual LIFO, supplemental LIFO

change in inventory, cost of inventory, gaap, genearlly accepted accounting principles, IFRS, international financial reporting standards, inventory errors, LMC, lower of cost or market, value

COGS, computing cost of goods sold, cost of inventory, LIFO liquidation, periodic LIFO, perpetual LIFO, supplemental LIFO disclosures

FIFO, first in first out, inventory cost flow assumptions, last in first out, LIFO, specific identification, weighted average periodic system

cost of goods sold, cost of inventory, expenditures, periodic inventory, perpetual inventory, physical quantities of goods, quantities of goods

aging receivables, balance sheet approach, composite rate, estimating bad debts, factoring arrangements, income statement approach, noninterest bearing, secured borrowing, short term notes receivable, uncollectable accounts receivable

compinsation, expensing options, gaap, journal entries, stock option accounting, stock options

cost, cost allocation, donation, equity securities, exchange, individual, initial cost, intangible asset, lump sum, natural resource, purchase price

capitalized interest, cost of inventory, develop, dispositions, exchanges, gaap, genearlly accepted accounting principles, IFRS, intangible asset, international financial reporting standards, nonmonetary, purchase, self constructed asset

cost, cost allocation, donation, equity securities, exchange, individual, initial cost, intangible asset, lump sum, natural resource, purchase price

AIS, customer relationship management, data vs information, ERP system, external business processes, information value chain, Internal Business Processes, supply chain management

accounting based incentives, Compinsation contracts, earnings management, long term incentives, short term incentives, typical bonuses

accounting treatment, accounts receivable, financing arrangements, sale, securred borrowing, short term notes, use of receivables

accounts receivable, AR subsequent measurement, net realizable value

accounts receivable, AR subsequent measurement, net realizable value, percent of sales approach

accounts receivable, AR subsequent measurement, net realizable value, percent of accounts recievable approach

acquisition alternatives, constraints of IT projects, Gantt chart, PERT chart, systems implementation

activity based costing, Allocating, Cost drivers, Indirect Costs

activity based costing, Activity Based Management, Cutting Cost, pricing, Product Mix

activity based costing, Batch Level, Cost Cross Subsidization, Output Level, Product Sustaining Level

abc, activity based costing, allocation methods, externally reported product costs, two stage product costing system

abc, activity based costing, administrative services, flow of costs, marketing services, product costs, traditional costing

commercial substance, dispositions, exchanges, fair value, interest capitalization, nonmonetary assets, self constructed assets

assets held for sale, change in residual value, changes in depreciation method, changes in estimates, error correction, finite life assets, impairment of goodwill, impairment of value, indefinite life intangibles

cost, market share, marketing performance, nonmanufacturing costs, production mix, production performance, variance, variance analysis, yield

accounting taxation business, atb, closing process, financial statements, journal format

advantages, Disadvantages, Standard Costs, Standard Variances

computation and allocation schedule, depreciable equipment, differences in consolidated net income, goodwill, implied and book values, inventory, NCI, NI, Working Paper Entries, year subsequent to acquisition

allocating prior year to NCI, catch up prior year, consolidated statements, cost method, current year adjustments

Bundled Products, Common Cost, Revenue, Shared Revenues

capacity, Combined Rate, fixed, Operating Department, Support Department, variable

direct method, Operating Departments, Support Department

Operating Departments, Reciprocal Method, Support Department Costs

Operating Departments, Step Down Method, Support Department Costs

Cost Behavior, Data Concerns, R Square Value, Regression Analysis

fixed cost, Product Mix, Resource Constraints

accounting for goodwill impairment, E2-10, goodwill impairment test, reporting unit, RU

analytical procedures, audit evidence decisions, audit program, client inquiries, confirmations, examination, inspection, nature of evidence, observation, persuasiveness of evidence, recalculation, relevancy, reliability, reperformance

audit documentation, audit file contents and organization, current files, financial statements, permanent files, Sarbanes-Oxley Act, supporting schedules, technology

common financial ratios, completion, internal comparisons, liquidity activity ratios, planning, profitability ratios, testing

consistent application of GAAP, departure from promulgated principle, emphasis of matter, explanatory, internal control over financial reporting, non-public, reports involving other auditors, Sarbanes-Oxley Act, standard unqualified audit report, substantial doubt, US public company

adverse opinion, auditor decision process, conditions requiring departure, departures from unqualified opinion, disclaimer of opinion, inadequate disclosure, lack of independence, materiality decisions, qualified opinion, scope limitation, scope limitations

adjusted trial balance, auditor responsibilities, considering laws and regulations, error vs fraud, financial statement cycles, management responsibilities, professional skepticism, transaction flow

balance-related, financial statement audit, general transaction-related audit objectives, management assertions, PCAOB

audit sampling, exception rates, probabilistic and nonprobabilistic sample selection, representative sampling, sampling risk, statistical vs nonstatistical sampling

adverse, causes of fraud, common size FS analysis, conditions that promote fraud, disclaimer, forecast vs projection, fraudulent reporting, FS analysis limitations, horizontal FS analysis, internal controls, L-T trend FS analysis, major ratio types, Management's Discussion and Analysis, MD&A, qualified, ratio analysis limitation, unqualified opinion

four perspectives, information technology investments, strategic positioning, strategy maps

Bank Reconciliation, Deposit in transit, outstanding check

Bank Reconciliation, Deposit in transit, outstanding check

calculating BEPS, calculating DEPS, contingent shares, convertible bonds, EPS presentation and disclosure, per share effect, stock dividends and splits, stock options

debt, early extinguishment, effective rate, equity securties, recording interest, straight line method

amortization schedule, discount, par, premium

accounting for debt, debt instrument, equity financing, types of bonds

income tax accounts, permanent difference, reconciling PFI to TI, tax adjusting entry, Tax AJE Formulas, taxable TD, temporary difference

borrowing, foreign currency translation, foreign debt

Breakeven, CVP Analysis, Target Profit

Breakeven, multiproduct companies, target profit volume

budgetary fund entities, governmental funds, unencumbered balance

reserve for encumbrances, revenue accounts, spending accounts

Product Budget, Revenue Budget, Target Ending Inventory

Direct Materials Purchases Budget

Direct Materials Usage Budget, Manufacturing Overhead Budget

Cash Budget, Purchases

cost of goods sold, Merchandising Company, Operating Budgets, Sales Budget, Service Company

Affiliated Group, Consildated, Corpoarte Taxable Income, Corporate Income, Schedule M-1, Tax Credits

accounting period, accrual method, deduct, expense, income, law, limitation, nondeductable, requirement, tax

activities, BPMN diagrams, business process documentation, events, gateways, pools and swimlanes, sequence flows

associations, cardinalities, minimum and maximum multiplicity, multiplicities, UML class diagrams

business unit, divisional accounting, economic value added, eva, evaluating performance, historical costs, performance measure, proformance measurement, residual income, return on investment, ri, roi, value based accounting

Capital Turnover, CEO, investment, roi, Sales Margin

Capital Gains and Losses

contribution margin, Contribution Margin Ratio, CVP Analysis

Payback, Payback Method, payback period, Rate of Return

Accrual Basis, Capital Budgeting Process, Capital Investments, Cash Basis, payback period

Decision Rule, internal rate of return, net present value, time value of money

accrual accounting, balance sheet, Big Four, cash flow statement, income statement, indirect method

accrual accounting, balance sheet, Big Four, cash flow statement, income statement, indirect method, long term assets, noncurrent assets

accrual accounting, balance sheet, Big Four, cash flow statement, income statement, indirect method, long term liability, owners equity

accrual accounting, Big Four, cash flow statement, financing section, indirect method, investment section, operating section

balance sheet, cash flow statement, direct method, income statement, operating cash flows

accounting treatment, changes and errors, depreciation change, entity, presentation, principle disclosures, prior period adjustment, prospective treatment, retrospective treatment

Family Income, IRC, Liability, Partnerships, Pass-Through Entity, S Corps, Tax Advantage

asset classifications, current assets, current liabilities, financial statement disclosure, limitations, noncurrent assets, noncurrent liabilities, purpose, usefulness

Employee Fringe Benefits, Employee Stock Options, Tax Treatment, Taxation

employees, independent contractors, moving expenses, tax free fringe benefits

equity compensation, restricted stock, stock options

401K, annual contribution limits, defined benefit plans, defined contribution plans, retirement plans, self-employed keogh plans

IRA, rollover, roth ira

advisability of disclosure, auditor concerns, client attorneys, contingent liabilities, dual dating, likelihood of occurrence, management representation letter, presentation and disclosure of audit objectives, Sarbanes-Oxley Act, subsequent events review

accumulated other comprehensive income, capital stock, corporate organization, financial reporting overview, fundamental share rights, hybrid corporations, model business corporation act, preferred stock dividends, types of corporations

cash dividends, dividend dates, generally accepted accounting principles, IFRS, international financial reporting standards, property dividends, Retained Earnings, retired shares, share buybacks, stock dividends, stock splits, treasury stock, US GAAP

collections from customers, depreciation expense, income tax payments, indirect adjustment, necessary info for SCF, payments to suppliers, Selling and Admin

asset purchase, asset sales, cash from land sale, common stock issuance, equipment purchase payments, equipment sale, investing section steps, L-T, liability principal, shareholder dividends

Fixed Overhead Budget Variance, Fixed Overhead Variances, Fixed Overhead Volume Variance, Variable Overhead Variances

Manufacturing, Overallocated Manufacturing Overhead, Underallocated Manufacturing Overhead

After-tax cash flow, Tax Avoidance, Tax Evasion, Tax Rates, Taxable Income

Character Variable, Entity Variable, Jurisdiction Variable, Time Period Variable

consolidaiton of foreign subsidiary, current rate method, temporal method

ADJ entry, ADJ formula, cost method of accounting

ADJ entry, cost method, equity method

AAP, post acquisition consolidation

net income attributable to noncontrolling interests, noncontrolling interests

Constructive Capitalization of leases, footnote data, journal entries, minimum lease payments, operating leases

control premiium, goodwill aloocation, noncontrolling interest

alternative minimum tax, AMT exemption, book tax adjustments, charitable contributions, common permanent book tax differences, common temporary book tax differences, compliance, corporate taxable income formula, dividends received deduction, estimated payments, net capital losses, net operating loss deduction, regular tax liability, stock option related, tax deferred transfers of property

constructive dividend, Dividends, earnings, partial liquidations, profits, property distributions, shareholder, stock dividends, stock redemptions, tax law framework

Alternative Minimum Taxable Income, AMT, AMT Computation, corporation, Minimum Tax Credit

cost allocation, joint products, philosophies of byproducts, production method, sales method

allocation, cost allocation, initial production process, joint products

gross margin percentage, joint cost allocation, net realizable value method

gross margin percentage, joint cost allocation, physical measure method

cost allocation, gross margin percentage, sales value at split-off method

differential analysis, long run pricing decisions, pricing, pricing decisions, production decisions, theory of constraints

differential analysis, long run pricing decisions, pricing, pricing decisions, production decisions, theory of constraints

basic concept of cost, concept of cost, cost allocation, financial statements, labor, material, overhead costs, production process

contribution margin, cost behaviors, financial margin, fixed cost, income statements, product cost, semi-variable cost, step cost, variable cost

cost, Cost Equation, Direct Proportion, fixed cost, Mixed Cost

account analysis, engineering estimates, fixed cost, statistical analysis, variable cost

alternative cost, alternative cost estimation methods, cost estimation, regression

After-Tax Income, Tax Rate

contribution margin, Profit Equation, ratio, selling price, Variable Cost Per Unit

Breakeven Point, sensitivity analysis, Target Operating Income

Contribution Income Statement, Degree of Operating Leverage, Margin of Safety, Margin of Safety Percentage

Breakeven Point, sensitivity analysis, Target Operating Income

Cost of a Job, Custom Orders, financial statement, Job Costs, pricing decisions

3 maxims, balance sheet, BS order, chart of accounts, four account characteristics, SE accounts

AICPA, Certified Public Accounting Firms, establishing standards and rules, GC, general corporation, general partnership, GP, limited liability company, limited liability partnership, LLC, LLP, organizational structure, PC, PCAOB, professional corporation, proprietorship, Sarbanes-Oxley Act, securities and exchange commission

AICPA Clarity Project, auditing standards, evidence accumulation, GAAS, ISAs, PCAOB auditing standards, peer review, quality control standards, reporting, US Generally Accepted Auditing Standards

charts, Data visualization, Qualitative data, Quantitative data, Tableau

dashboards, Data visualization, Storyboards, Tableau

format forms, format reports, Microsoft Access

Microsoft Access

Classified Balance Sheet, contingent liabilities, current liabilities

accrued, advance collection, issuance, long term liability, noncurrent obligation, notes, payment, recorded

assessment, FASB #5, financial accounting standards board, gaap, genearlly accepted accounting principles, IFRS, international financial reporting standards, statement no. 5, unasserted claim

AFS bond entries, Entire Bond Amortization Schedule, financial statement treatment, five investment categories, FV entry, held to maturity bonds, HTM bond entries, realized gain and loss, trading bond

Cost Centers, decentralization, operations, responsibility centers, Revenue Centers

Decison Making, differential analysis, Full Cost Solution, Relevant Cost Solution, Relevant Information

accounting for investments, variable interest entities, VIE

cash flow hedge, fair value hedge

Allocating, Cost Flow, Manufacturing Overhead, MOH

cost, Cost drivers, economic plausibility, goodness of fit

cost, cost estimation, fixed cost, learning curve, level of activity, linear, linear relationship, step, variable cost

cost estimation, high-low method, quantitative analysis, regression

activity level, cost, cost volume profit analysis, fixed cost, predictive value, presentation of costs, variable cost

Performance Report, Responsibility Center, Revenue Center, Segment Margin, variance

allocation, Departmental Overhead Rates, Indirect Cost

Actual Cost, Budget, Direct Materials, Standard Costs, standards

calculating DEPS, six steps, year end MV

call bonds entry, convert bonds entry, convert PS entry, entry for bond issue, first effective interest entry, first straight line entry, four types of dilutive securities, methods to convert bonds and PS, PS issue entry, two bond amortization methods

Actual Cost, Direct Material Variance, Price Variance, Quantity Variance, Total Variance

Cost Object, Direct Cost, Indirect Cost

Department, Discontinue, product, Store

disproportionate distributions, hot assets, liquidating distributions, operating distributions, special basis adjustments

calculating preferred stock dividends, divident payment policies, entries for cash dividends, entries for liquidating dividends, entries for property dividends, entries for small and large stock dividends, four types of dividends, stock split, two types of stock dividends

gaap, generally accepted accounting principles, IFRS, international financial reporting standards, last in first out

methods of simplifying LIFO

annual cost index, DVL method, inventory increase vs decrease, Liquidation problem, specific goods

entity legal classifications, legal and nontax characteristics

alternative concepts, business combinations, consolidated financial statements, economic entity concept, parent company concept

completed contract, entry for estimate change, FIFO vs LIFO, financial statement, percent completion, previous GAAP standard, principle change, prospective, retrospective

noncash exchanges, proportional and incremental method, treasury stock

business combination

AAP, Accounting acquisition premium, cost method of accounting

AFS adjustment, AFS equity portfolio, AFS stock sold at gain, category transfer, entries for greater than 20 percent AFS equity securities, five investment categories, FV entry, MV adjustment, net loss, NI and Dividends, significant influence, statement of CI, stock purchase, three CS percent presumptions vs evidence, total holding gain, valuation method

Escrow, escrow for real estate contracts, escrow requirements

chashflow hedge accounting, fair value hedge accounting

apply formulas, final statement, Microsoft Excel

Microsoft Excel

Microsoft Excel, spreadsheet

Microsoft Excel

fair value disclosures, Fair Value Hierarchy, fair value option, Fair Value use in GAAP

hedge, highly effective hedges

assumptions of accounting, constraints of accounting, fasb, financial accounting standards board, financial reporting, principles of accounting, qualitative characteristics

corporate advantages and disadvantages, debt financing, equity financing, features of common stock, features of preferred stock, four common stock rights, three primary forms of business

disclosures, Fin 48, tax footnote

financial accounting, issues, Managerial Accounting

adjusting entries, CJE, closing entries, debits vs credits, GAAP FS and CPA audit, general journal, general ledger, GJ and GL, JE and AJE, journal entries, real vs nominal accounts

chart of accounts, constraints, FASB conceptual framework, framework assumptions, order of accounting cycle, principles, three maxims

DuPont Framework, Financial Statement Analysis, Horizontal Analysis, Key Ratios, Vertical Analysis

balance sheet, income statement, statement of cash flows, statement of owner's equity

Cost of Goods, Direct Materials, financial statement, Manufacturing Company

Cost of Goods, financial statement, Merchandising Company, sales

costs, financial statement, income statement, Operating Expenses, Service Company

Cost Behavior, fixed cost, Total Variable Cost, variable cost

Budget, Flexible Budget, Flexible Budget Performance Report, Master Budget Variance

Efficiency Variance, Flexible Budget Variance, Price Variance, Selling Price Variance

Standard Cost, Standard Cost Accounting System

Flexible Budget, Sales Volume Variance

Efficiency Variance, Flexible Budget Variance, Price Variance, Sales Volume Variance, Selling Price Variance

Efficiency, Sales Volume, Static Budget, Static Budget Variance, variance

Allocation Base, Allocation Rate, Fixed Overhead, Predetermined Rate

Allocation Base, Allocation Rate, Predetermined Rate, Variable Overhead

Fixed Overhead Spending Variance, Production Volume Variance

Flexible Budget, Static Budget Variance, Variable Overhead Efficiency Variance, Variable Overhead Spending Variance

accounts payable in foreign currency, foreign currency transaction

exchange rate

accounting period, acquisition of partnership interests, flow through entities, loss limitations, reporting results, tax elections

documenting fraud assessment, fraud triangle, fraudulent financial reporting, misappropriation of assets, risk factors

code of conduct, corporate governance, developing responses, initial detection method, inquiries of management, inquiry techniques, interview techniques, nonverbal cues, reducing fraud risks, revenue manipulation, verbal cues

common disclosures, conglomerate, differential disclosure, interim problems, interim reports, Post-BS events, primary purpose of notes, related-parties, segment reporting, segmenting objective

abc, activity based cost management, capacity costs, cost management, customer costs, firm cost, fundamentals of cost management, hierarchy of costs, profitability, quality control, resources, supplier costs

alternative cost structures, analysis, analyze, cost, cost structure, cvp, decisions, multiple products, profit, taxes, volume

decentralization, dual rate allocation, ethics, evaluate performance, illegal, incentive, internal controls, management control systems, organization structure, protect assests, responsibility centers, single rate allocation, untheical

cost allocation, cost management system, cost systems

cost allocation, job order, operations, overhead cost, process, product costing, product costing systems, two stage allocation

fixed cost, flexible budgets, performance evaluation, profit analysis, sales activity, variable cost, variance, variance analysis

Gross Profit, installment sales method, Involuntary Conversion, Like-Kind Exchange

Business Strategy, cost leadership, Product Differentiation

Fixed Overhead Spending Variance, Variable Overhead Efficiency Variance, Variable Overhead Spending Variance

fund entity categories, Governmental Reporting Model, reconciliation

property, realization, return, service, source, tax

deferral provision, exclusion provision

completion of production basis, cost recovery method, deposit method, installment sales method, order that methods recognize revenue

Cost Behavior, Cost Equation, Fixed Costs, high-low method

data collection, Dell, virtual integration

balanced scorecard, Implementation, Non Financial Measures, strategy

discontinued operations, extraordinary items, layout, special items, sustainable vs transitory earnings

adjustment for moving from accrual accounting to cash, depreciation expense number, disclosure rules, non cash items, non operating items, t-account accumulated depreciation

activity, adjusted gross income, business, home office, Individual retirement account, IRA, loss limitation, passive, rental use of ho me

activity, adjusted gross income, at-risk limitation, business, deduction, home office, loss limitation, passive, rental use of home

charitable, compute, contribution, deduction, dependency, exemption, income, indivudual, itemized, medical, personal, standard, tax, taxable

american opportunity credit, child tax credit, earned income credit, lifetime learning credit, tax filing, tax payment

alternative minimum tax, independent contractor, regular tax liability, self-employed

calculate, formula, individual tax liability

dependency, exemption, personal, qualify, requirement

filing jointly, filing separately, filing status, head of household, married, qualifying widow, single, surviving spouse, widower

accounting, accounting manager, cost accounting, create value, decision making, financial accounting, performance evaluation

ethical issues, ethical problems, ethics, identify trends

Business Goals, pricing, Product Mix, Short Term Business Decision

Ethical Judgment, Ethical Standards, IMA, Institute of Management Accountants

adversarial nature, financial statement purpose, international perspective

amortization, cost allocation, depletion method

AAP, equity investment, intercompany transaction, inventory sales

cost method, equity method, intercompany

accumulated depreciation, depreciable assets, intercompany sales inventory

downstream sales, intercompany inventory, transaction, upstream sales

cost method, cost methods for consolidations, downstream sales, intercompany inventory, upstream sales

review of inventory accounting, unrealized profit

adjustment, NCI, sub net income, unrealized profits

Interim Financial Statements

assess control risk, control deficiencies, control deficiency, control risk matrix, CR, extent, flowchart, internal control questionnaire, material weakness, narrative, nonpublic companies, significant deficiency, test controls, walk-through

audit committee, authorizations, board of directors, control activities, control environment, COSO, documents and records, monitoring, reporting responsibilities, risk assessment, separation of duties, SOX requirements, transaction-related audit objectives

common asset, effective tax rate, income tax accrual from footnote, liabilityt deferrals, tax footnote, valuation allowance

cashflow, fair value hedges, forward contracts, future contracts, hedge, hedge accounting rules, interest rate swaps, offset risk

assets, Credits, Debits, equity, Language of Bsuiness, liabilities, Origin of Accounting

accrual accounting, Cash Accounting, Credit, Debit, gaap, IFRS

Accounting Concepts, balance sheet, financial statements, statement of cash flows

net asset acquisition, purchase of a business, purchase of assets, stock acquisiiton

charts, Data visualization, Qualitative data, Quantitative data

acquirer, advantages of stock acquisition, classification by method, parent subsidiary

CAD schedule, consolidation worksheet, eliminations, estimating implied value, intercompany transactions, investments at date of acquisition

Cost Behavior, Cost Graphs, Fixed Costs, Mixed Costs, Variable Costs

Conversion Cost, Direct Materials, Finished Goods, Overhead, Period Costs, Prime Cost, product costs, Work In Progress

Cost of Goods Manufactured, cost of goods sold, Direct Materials Used, Flow of Inventorial Costs, Gross Margin, Gross Profit

Actual Cost, Budget Cost, cost allocation, Cost Assignment, Cost Tracing, Direct Cost, fixed cost, Indirect Cost, Total Cost, Unit Cost, variable cost

dashboards, Data visualization, Storyboards

accounting standards, accrual, cash, gaap, generally accepted accounting principles

capital expenditures, expendable fund entities, fiduciary, fund balance, fund groups, nonbusiness entity, profit-oriented enterprise, proprietary, recognition, revenue classification

Controlling, Directing, managers, planning

business, calculate, decision, federal, forecasting, investment, local, personal, political, state, system, tax rate structure

Federal Tax Law Sources, Tax Formula, Tax History, Tax Terminology

Federal Tax, Local Tax, State Tax, Tax and Political Processes, Tax Jurisdiction

Cost Flow Assumptions, costs, Inventory Ownership, Inventory Types, turnover

absorption costing, Operating income, variable costing

capacity, denominator-level choices, measures of capacity

absorption costing, Operating income, variable costing

change in cash, financing cash flows, financing section, investing cash flows, Investing section

Annuity Contract, Dividends, Interest Income, Sale of Securities, Tax Treatment

costing methods, job cost system, job costing, predetermined rates, service organizations

MOH, Pro Rate

Indirect Costs, job costing, Service Firm

Cost Allocation Base, Cost Pool, job costing, process costing

cost of goods sold, Finished Goods, Manufactured Overhead Allocated, Manufactured Overhead Control, Work in Process

Allocating, income statement, Job Costing System, Journal Entry

7 Steps, Normal Costing, Predetermined Allocation Rate

job costing, Job Order Costing, Mass Production, process costing, Similar Items

Direct Labor Variance, Efficiency, labor, Rate

Bottlenecks, Hide Quality, Lean Operations, Storage Cost

dealer, Direct Financing (DF) Lease (DFL), Guaranteed vs. unguaranteed, manufacturer, Net Investment in Lease (NIL - DF), Residual Value (RV)

annuity due, bargain purchase option, Bright Lines, Capitalize, Economic Substance, fair value, lessee, Lessor

Lease Component, Lease Contract, Multiple Asset Use, Non-lease component, Separate Components, Single Component

Initial Direct Cost, Lease Component, Non-lease component, Proporational Method, Residual (Incremental) Method, Standalone Price

Bargain Purchase Option (BPO), Direct Financing Lease, Group II Criteria, Implicit Rate, operating lease, Present Value (PV), Residual Value Guarantee (RVG), Sale-type Lease

economic life, Implicit Rate, Initial Direct Cost, lcd, lease commencement date, lease incentive, operating lease, right-of-use, rou

asset amortization schedule, balance sheet, book value, gl accounts, liability amotization schedule, operating lease, subsequent measurement, T-Account

cost benefit analysis, cost constraint, Residual Value Guarantee (RVG), short-term policy election

Bargain Purchase Option (BPO), finance lease, Initial Direct Cost, lcd, lease commencement date, lease incentive, right-of-use

audit failure, audit risk, business failure, changed legal environment, prudent person concept

defense against client suits, Foreign Corrupt Practices Act of 1977, liability to client, Sarbanes-Oxley Act of 2002, SEC and PCAOB Sanctions, Securities Act of 1933, Securities Exchange Act of 1934

indirect lending to an affiliate, lending between affiliates

Adjusting and Payment Entries, BPO, Capital Lease for Lessee, capital vs operating, financial statements, Initial Entry, Lease Amortization Schedule, Lease Capitalization Amount, Lease end, net income

direct financing, Lessor Operating Entries, Lessor Sale-Type Accounts, Lessor's criteria, Sales Type Lease

earnings management, SEC

Acquiring Assets, Depreciation Methods, Leases

Assets Turnover, goodwill, Intangibles

Bond Issuance Issues, Bonds Payable, Classified Balance, Long Term Liabilities, present value

Capital Leases, Deferred Taxes, Pension Obligations

CIP, completed contract method, construction FS note disclosures, cost to cost completion percent, daily JE, percent of completion formulas, revenue cost and GP per year, two methods for LT contracts, two types of percent of completion losses, year end AJE

costs, Outsourcing, product

income statement, Margin of Safety, Operating Leverage

contingencies, equipment, gaap, IFRS, impairments, income taxes, inventories, plant, property, uncertain tax benefits

Budget, Financial Budget, Operation Budget, Operation Plan, Strategic Plan

Budgetary Tracks, Cost Center, Kaizen Budgeting, Profit Center, Responsibility Accounting, Revenue Center

illustrative guidelines, known and likely misstatements, performance materiality, PM, preliminary judgment

AAR, Acceptable Audit Risk, audit evidence, audit risk model, control risk, CR, engagement risk, inherent risk, IR, measurement limitations

discontinued operations, extraordinary gains or losses, multi step vs single step, noncontrolling interest, unusual vs irregular

asset liability method, deferred tax asset valuation account, modified accelerated cost recovery system, NOL election, refund entry and net loss, total refund

commercial substance, Conservatism, five types of exchange journal entries, non-monetary asset exchanges

balanced scorecard, measure, measures, muliple, nonfinancial, opposing responsibilities, performance, single

activity management, balanced scorecard, effective, employee involvement, improved, measure, measurement system, measures, nonfinancial, opposing responsibilities, performance

Like-Kind Exchange, substituted basis and qualifying property

Boot, nonqualifying property

Involuntary conversions, nontaxable exchanges

Corporate Formation, partnership formation, Section 351 Transaction, wash sales

operating segment

bargain price, contingent consideration, treatment of acquisition costs

audit objectives, audit risk model, evidence decisions, further audit procedures, phases of audit process, sales and collection cycle, types of evidence, types of tests

ADJ entry, cost method, equity method

agreement, capital accounts, partner

bonus method, book value, capital interest, fair value of assets invested, goodwill method

bonus, interest, net loss, remainder, salaries

partnership, Pass-Thru Business Entities, Sole Proprietorship Income

Flow-through Entity, income, shareholder, Sub-Chapter S Corporation

FICA, Medicare Tax, Self Employment Tax, Social Security Tax

Guaranteed Payments, Partnerships

Excess noncorporate business loss limitation, Partnership tax basis

LLC, s corporation, shareholder tax basis

s corporation, S Corporation Loss limitation, S Corporation shareholder

Home office deduction

Employment Taxes, Medicare taxes, Self-employment taxes

first and second year end adjusting entry, plan worksheet, PSC amortization, S L alternative method, smoothing, straight line amortization, years of service method

Manufacturing Firm, Merchandising Firm, Period Cost, product cost

budget process, budgeting, budgeting process, budgets, cost budget, estimate sales, organization plans, planning, production budget

budgeting, budgets, cash flow, ethical issues, ethics, financial statements, merchandising, planning, service organizations

assess client business risk, business operations and processes, client acceptance, client objective and strategy, code of ethics, continuance, governance, management, management operating style, measurement and performance, related party transactions, risk terms, understanding client business and industry

book value, CAD, computation and allocation of difference schedule, eliminations and worksheet, implied value

Working Paper Entries, workpaper observations, WPE

reciprocity, Working Paper Entries, WPE

Operating Budget, Sales Budget, Sales Price, Total Sales Revenue, Unit Sales

Customers, Price Setter, Price Taker, pricing, Target Profit

equivalent units, five step process, process costing, production cost report, weighted average costing

FIFO, first in first out, job costing, operation costing, process costing, weighte average costing

code of professional conduct, ethical dilemma, illustrative prescribed ethical principles, independence, rationalizing unethical behavior, relevant facts, why people act unethically

AICPA independence rule of conduct, audit committee, bookkeeping, confidentiality exceptions, covered persons, direct vs indirect, employment relationships, enforcement, financial interests, litigation between CPA firm and client, material or immaterial, ownership interests, partner rotation, prohibited services, rule 101, SEC provisions addressing auditor independence, SOX act, unpaid fees, violation

adjusted basis, amortization, depletion methods, intangible assets, MACRS, natural resources, personal property, real property

adjusted basis, Capitalized costs, Current deduction, De Minimis Deduction Election, Leveraged Costs, Tax Basis

adjusted basis, Leveraged Costs, Tax Basis

cost of goods sold, Inventory capitalization

Half year convention, MACRS depreciation methods, Midmonth convention, Midquarter convention, Modified Accelerate Cost Recovery System (MACRS), Recovery periods

Luxury auto limits, Section 179 depreciation

Bonus depreciation

depreciation recapture, disposition of assets, gains on property, nonrecognition transactions, property dispositions, realized gains and losses

amount realized, debt relief, Realized gain or loss, recognized gain or loss

disallowed losses on related party sales, gross profit percentage, installment method, Seller-financed sales

capital assets, Capital Gains and Losses, ordinary income and losses

Carryforwards and Carrybacks, recapture, section 1231 assets

Section 1250 recapture, section 291 recapture

abandonment, casualty and theft loss, non-recourse loans, recourse loans

book/tax differences

accelerated methods, amortization of intangible assets, cost allocation overview, declining balance methods, group and composite methods, straight line, sum of years digits, SYD, units of production

activity-based, additions, DDB, depreciation, double declining balance, improvements, intangible asset, maintenance, method, periodic, PP&E, rearrangements, repairs, SL, straight line, time-based, units of production

error, gaap, genearlly accepted accounting principles, IFRS, impairment, intangible asset, international financial reporting standards, residual value, service life, value

BPMN activity model, collaboration model, database relationships, functional responsibility, REA model, structure model, swimlanes, UML class diagram

BS, cash activities and equivalents, comparative BS, disclosure of noncash activities, indirect direct method format, indirect method adjustment rules, OIF, operating activity methods, SCF necessary information, target amount, typical cash life cycle

profitability ratios, Ratios, ROCE

attributes, business process pattern, primary keys

Allowance, Allowance Method, Receivables, turnover

IFRS, international financial reporting standards, regulatory environment, Trends in Business

Controllable Costs, decision making, Irrelevant Costs, Relevant Costs, Uncontrollable Costs

gaap, IFRS, recognition rules

general criteria, right of return, timing of revenue recognition

cost recovery, deferred profit, installment sales, recovery methods

completed contract, long term contract, percentage of completion

alternatives, bill and hold sale, channel stuffing, consignment, contra sales accounts, MDA evaluation process, multiple deliverable arrangements, principal agent relationship, sale with buyback, separate unit of accounting, three methods of returns, trade loading, two methods for installment sales, two methods for L T contracts, types of revenue transactions

agent, consignment, cost recovery, distinction, installment sales, method, principle, revenue recognition, right of returns, sale, timing

completed contract, gaap, genearlly accepted accounting principles, IFRS, international financial reporting standards, long term contract, percentage of completion, profitability, ratio