| A. Cash and Cash Equivalents – cash equivalents, two steps to performing a bank reconciliation, present value, future value, present value of annuity, future value of annuity, annuity in advance, annuity in arrears, trading securities, available-for-sale securities, held-to-maturity securities, equity method securities, reporting, recognition of unrealized gains and losses, disposals, cash flow presentation, recognition of marketable security losses, transfers in or out of trading category.
B. Receivables/Accruals/Contra Accounts – valuation of accounts receivable, methods for calculating value, methods of accounting for uncollectible accounts, provision and write-off of uncollectible accounts, accounts receivable aging method, allowance method, interest rate and face value considerations, exchange of note for property, face amount vs. present value, unrealistic interest rates, exchange of note for cash and unstated rights, noncash exchanges, effective interest method, loan impairment, changes in expected cash flows, pledging, factoring, factoring with recourse vs. without recourse.
C. Inventories – cost flow methods, LIFO vs. FIFO, weighted average method, dollar value LIFO, ceiling and floor for lower of cost or market, two retail inventory methods, cost to retail ratio under conventional retail method and LIFO retail method, periodic vs. perpetual inventory system, passage of title.
D. Property, Plant and Equipment– depreciation methods, straight-line, sum-of-the-year’s digits, double declining balance, units of production, salvage value, loss calculations, valuation of fixed assets, capital expenditures vs. repairs and maintenance expenses, interest capitalization.
E. Investments, Intangibles and Other – categories of intangible assets, recording of intangibles, purchased intangibles, internally developed intangibles, amortization of intangibles, realized vs. unrealized gains and losses, valuation allowance, two methods to account for long-term investments, goodwill, negative goodwill, nonmonetary exchanges, recognition of gains in nonmonetary exchanges.
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