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Flashcard Review System > CFP Exam Review > Corporate Financial Management > Accounting Standard Setting

Tutorial Group's CFP Exam Review:
Accounting Standard Setting

If you are looking for a study aid that deals with Accounting Standard Setting, you've come to the right place. A large portion of the Corporate Financial Management module deals with questions and answers regarding accounting standard setting -- an integral component of our proven CFP Exam review system. Don't gamble with your future, give yourself the CFP exam preparation you need.

Practice with a pack of more than 1,000 color-coded, ready-to-use flashcards that are 100% current. These CFP flashcards have been researched to cover the 2005 CFP exam content specifications. You will receive a flashcard pack with individual cards, on the front are the questions and on the back the answers. One of the most simple yet practical methods to engage in and effective CFP Exam review.

If you're looking for a proven CFP exam review system -- don't look any further. Virtually the most effective method to let you review and prepare for the CFP Exam, we are so confident about the superiority and value of our system compared to the competition, we are willing to offer a 100% satisfaction guarantee.

The flashcards related to accounting standard setting will cover these topics:

Objectives of External Financial Reporting
Financial reporting objectives, Statements of Financial Accounting Concepts, fundamental objectives of financial reporting, usefulness of financial information, qualitative characteristics of accounting information, objectives of financial reporting by nonbusiness organizations, recognition and measurement in financial statements, measurement attributes, earnings vs. comprehensive income, 10 elements of financial statements, fundamental accounting assumptions, fundamental accounting principles, entries to recognize revenues and expenses, matching principle, modifying conventions, classes of net assets, similarities between business and nonbusiness organizations.
 
Development of Accounting Standards
Primary source of U.S. accounting standards, secondary sources of GAAP, development of accounting pronouncements, makeup of FASB, FASB procedures for promulgation of pronouncements, roles of FASB, GASB, APB and CAP, groups that influence accounting standards, purpose of IASB.
 
SEC and Financial Disclosure
SEC influence on standard setting, purpose of securities laws, SEC Form S-1, S-2 S-3, S-4 and S-8, Regulation S-X and S-K, Securities Act of 1933 and 1934, proxy statements, Form 8-K, SEC safe harbor rule, Form 10-Q, Form 10-K, purpose of independent auditors' report, red herring prospectus, shelf-registration, Summary of Significant Accounting Policies, related party disclosure, extraordinary items, remote loss contingencies, defined contribution pension plans, intangible assets, long- term obligations, financial instruments with credit risk.

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