|
The Financial
Accounting and Reporting module, which contains questions and
answers regarding liabilities and other important topics, is just
one of the four proven integral parts of our CPA Exam review system.
Get the CPA exam preparation you need.
 You
will be able to review with more than 1,000 ready-made color-coded
flashcards that are complete and up-to-date. The CPA flashcards
are specifically designed according to the new CPA exam content
specifications. Each of the flashcard packs features individual
cards with questions on the front and answers on the back. You will
have access to a quick, simple and practical method to commit the
right facts to memory.
If you're looking for the best CPA exam review system -- don't
look any further. This is virtually the most effective method to
let you review and prepare for the CPA 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 liabilities will cover these topics:
- Contingencies and Commitments
- Two criteria for recognition of a lost contingency, estimated
range of lost contingencies, gain contingencies, remote loss contingencies,
liability for litigation, claims or assessments, warranty liabilities.
-
- Deferred Revenues and Other Liabilities
- Deferred revenue entries, accruals, current portion of long-
term obligations, customer deposits, guarantees, warranties, compensated
absences, current liabilities, conditions to exclude short-term
obligations from current liabilities, conditions to accrue compensated
absences, accrual for goods shipped FOB destination vs. shipping
point.
-
- Deferred Income Tax Liabilities
- Temporary vs. permanent differences, deferred tax assets and
liabilities, valuation allowances, recent and expected losses,
classification of deferred tax assets and liabilities, four basic
principles underlying deferred taxes, five steps to compute deferred
taxes, determination of tax rate in computing deferred taxes,
disclosure requirements for deferred taxes, presentation of deferred
taxes, presentation of income tax expense with timing differences.
-
- Capitalized Lease Liability
- Criteria for a capital lease, valuation of a capital lease,
capital vs. operating leases, amortization of property under a
capital lease, lease payments under an operating lease, guaranteed
payments, direct financing vs. sales-type lease, advantages of
leasing property over owning property, allocating minimum lease
payments under a capital lease.
-
- Employee Benefits
- Elements of net periodic pension cost, two types of pension
plans, accumulated post-retirement benefit obligation, minimum
pension liability, corridor for recognition of gains and losses,
projected benefit obligation, prepaid or accrued pension costs,
disclosures for post-retirement benefit plans.
-
- Notes and Bonds Payable
- Amortization of bond issue costs, reporting of unamortized bond
issue costs, early extinguishment of debt, bond discounts and
premiums, two methods of amortizing bond discounts and premiums,
two methods of bond conversion, troubled debt restructuring, four
types of restructuring involving debt, warrants issued along with
bonds, valuation of bonds payable, sale of bonds, purchase of
bonds between interest dates, payment of interest under effective
interest method.
Save Money with our special offers and take advantage of a no-risk proposition
with our 100% Satisfaction Guarantee. The Tutorial Group Flashcard Review
System can save you hundreds of dollars off the cost of alternative CPA exam
review programs while providing one of the best investment you can make in your
future - a totally flexible and comprehensive CPA Exam Preparation.
|
