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Study sets matching "accounting chapter 4 advanced"

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Study sets matching "accounting chapter 4 advanced"

36 terms
Advanced Accounting 10E Chapter 4
Fiscal period
Fiscal year
Schedule of accounts payable
Schedule of accounts receivable
The length of time for which a business summarizes its financ…
A fiscal period consisting of 12 consecutive months.
A listing of vendor accounts, account balances, and the total…
A listing of customer accounts, account balances, and total a…
Fiscal period
The length of time for which a business summarizes its financ…
Fiscal year
A fiscal period consisting of 12 consecutive months.
16 terms
Advanced Accounting Chapter 4
responsibility accounting
direct expenses
indirect expenses
gross profit
assigning control of business revenues, costs and expenses as…
an operating expenses identifiable with and chargeable to the…
an operating expenses chargeable to the overall business and…
the amount of revenue from sales less the cost of goods sold.
responsibility accounting
assigning control of business revenues, costs and expenses as…
direct expenses
an operating expenses identifiable with and chargeable to the…
10 terms
Advanced Accounting Chapter 4
Differential
100% ownership at more than BV day of…
100% ownership at less than FV of NA (…
Consolidation subsequent to acquisition
the difference between acquisition price and underlying BV... -c…
-eliminate incest and sub's SH equity at BV... -replace excess p…
-negative GW is recorded as a gain ... (increase in RE if acquis…
-account for differential... -Worksheet... eliminate NI from sub an…
Differential
the difference between acquisition price and underlying BV... -c…
100% ownership at more than BV day of…
-eliminate incest and sub's SH equity at BV... -replace excess p…
97 terms
Advanced Accounting Chapter 4
According to SFAS 160, Non-controlling…
When Jolt Co. acquired 75% of the comm…
When Jolt Co. acquired 75% of the comm…
When Jolt Co. acquired 75% of the comm…
C. Economic unit concept
E. $100,000
D. $25,000
D. $92,500
According to SFAS 160, Non-controlling…
C. Economic unit concept
When Jolt Co. acquired 75% of the comm…
E. $100,000
36 terms
Advanced Accounting Chapter 4
fiscal period
fiscal year
schedule of accounts recievable
schedule of accounts payable
The length of time for which a business summarizes its financ…
A fiscal period consisting of 12 consecutive months
A listing of customer accounts, account balances, and total a…
A listing of vendor accounts, account balances, and total amo…
fiscal period
The length of time for which a business summarizes its financ…
fiscal year
A fiscal period consisting of 12 consecutive months
27 terms
Advanced Accounting Chapter 4
Accrual basis of accounting
Accrued revenue
Bank discount
Conservatism principle
an accounting method in which revenue is recognized when earn…
revenue earned but not yet received and recorded.
the amount of interest deducted in advance when a promissory…
an accounting guideline that states that when reporting the f…
Accrual basis of accounting
an accounting method in which revenue is recognized when earn…
Accrued revenue
revenue earned but not yet received and recorded.
13 terms
Advanced Managerial Accounting - Chapter 4
Departmental Production Report
What are the four steps used in prepar…
Transferred-in costs
Equivalent unit
The key document in a process-costing system.
1. Analysis of physical flow of units.... 2. Calculation of equi…
Transferred-in costs are the costs assigned to partially comp…
An equivalent unit is a measure of the amount of productive e…
Departmental Production Report
The key document in a process-costing system.
What are the four steps used in prepar…
1. Analysis of physical flow of units.... 2. Calculation of equi…
15 terms
Advanced Account Chapter 4
For business combinations involving le…
In measuring non-controlling interest…
When a parent uses the equity method t…
When a parent uses the initial value m…
liabilities assumed, at book value
Book value of subsidiary net assets
Parent company total assets equals consolidated total assets.
Parent company dividends equal consolidated dividends
For business combinations involving le…
liabilities assumed, at book value
In measuring non-controlling interest…
Book value of subsidiary net assets
23 terms
Advanced Accounting - Chapter 4 Test
Negotiable Instrument
Promissory Note
Principal
Face Value
A financial document that transfers ownership from one person…
Often referred to as a note; a written promise to pay a certa…
Amount of money borrowed
The amount written on the "face" of the note (the principal a…
Negotiable Instrument
A financial document that transfers ownership from one person…
Promissory Note
Often referred to as a note; a written promise to pay a certa…
15 terms
Leap Advanced, Chapter 4
deployment
civic
demographic
hybrid
(n) the fact of being moved to a particular place in order to…
adj. pertaining to a city or citizen (His sense of _____ resp…
the distribution of human population groups
Anything of mixed origin
deployment
(n) the fact of being moved to a particular place in order to…
civic
adj. pertaining to a city or citizen (His sense of _____ resp…
26 terms
Glencoe Accounting Advanced Course - Chapter 4
accrual basis of accounting
accrued revenue
bank discount
conservation principle
With the _____, revenue is reported in the period when it is…
_____ is revenue that has been earned but not yet received.
The _____ is the interest charge the bank deducts in advance…
The _____ of accounting requires that amounts be reported on…
accrual basis of accounting
With the _____, revenue is reported in the period when it is…
accrued revenue
_____ is revenue that has been earned but not yet received.
10 terms
Advanced Accounting Midterm; Chapter 4 Review
Non-controlling interest
Valuation of assets & liabilities (acc…
Consolidation valuation process
Consolidations of non-controlling inte…
Any ownership interest in a subsidiary company by a party unr…
1. Accounting emphasis is placed on the entire entity that re…
The consolidation valuation basis for a newly acquired subsid…
Four non-controlling interest figures are determined for repo…
Non-controlling interest
Any ownership interest in a subsidiary company by a party unr…
Valuation of assets & liabilities (acc…
1. Accounting emphasis is placed on the entire entity that re…
29 terms
Advanced Chapter 4
Fiscal Period
Responsibility Accounting
Direct Expense
Indirect Expense
The length of time for which a business summarizes and report…
Assigning control of business revenues, costs, and expenses a…
An operating expense identifiable with and chargeable to oper…
An operation expense chargeable to overall business operation…
Fiscal Period
The length of time for which a business summarizes and report…
Responsibility Accounting
Assigning control of business revenues, costs, and expenses a…
21 terms
Chapter 4 - Advanced
acquit
deem
devastate
discredit
to declare not guilty or free from blame
to think, believe, consider, or have an opinion
to destroy
to throw doubt upon or damage in reputation
acquit
to declare not guilty or free from blame
deem
to think, believe, consider, or have an opinion
59 terms
Advanced Accounting-Ch 4
fiscal period
the accounting concept of accounting p…
examples of an accounting period
responsibility accounting
length of time for which a business summarizes and reports fi…
states that changes in financial in financial information are…
monthly... every three months... six months ... annually
assigning control of business revenues, costs, and expenses a…
fiscal period
length of time for which a business summarizes and reports fi…
the accounting concept of accounting p…
states that changes in financial in financial information are…
15 terms
Chapter 4 Advanced Algebra
coefficient matrix
Cramer's Rule
determinant
dilation
matrix used with the coefficients of a system
method of solving systems using determinants
a number associated with a square matrix
a transformation that enlarges or reduces a figure
coefficient matrix
matrix used with the coefficients of a system
Cramer's Rule
method of solving systems using determinants
38 terms
Advanced Math Chapter 4 Vocabulary
amplitude
angle of depression
angle of elevation
angular speed
The height from the mean, or rest, value of the function to i…
The angle below horizontal that an observer must look to see…
The angle above horizontal that an observer must look to see…
Angular speed is the rate at which an object changes its angl…
amplitude
The height from the mean, or rest, value of the function to i…
angle of depression
The angle below horizontal that an observer must look to see…
10 terms
Advanced Word Power Chapter 4
brevity
clemency
frivolous
heist
(n) briefness; shortness of duration
(n) mercy in judging; leniency
(adj) lighthearted; not sensible; not properly serious; silly
(n) a burglary;an act of stealing; robbery
brevity
(n) briefness; shortness of duration
clemency
(n) mercy in judging; leniency
15 terms
Advanced Accounting Chapter 1
Equity Method
Fair value method
Goodwill
Amortizing assets
Used whenever a company buys enough interest in a company to…
Used whenever the investor owns part of a company, but not en…
recognized when there is an access paid to acquire a company…
is considered a reduction in ownership under the Equity Metho…
Equity Method
Used whenever a company buys enough interest in a company to…
Fair value method
Used whenever the investor owns part of a company, but not en…
27 terms
Act 2 Ch 4: Glencoe Accounting Advanced
Negotiable instrument
Promissory note
Principal
Face Value
A financial document that transfers ownership from one person…
A written promise to pay a certain amount of money on demand…
The amount of money borrowed
The amount written on the "face" of the note
Negotiable instrument
A financial document that transfers ownership from one person…
Promissory note
A written promise to pay a certain amount of money on demand…
14 terms
Advanced Accounting Chapter 2
Contingencies
3 different approaches to valuing assets
Professional Fees
Regulation Expenses
occur when there is a disagreement on the price between the i…
1: Market Approach, estimates fair values using other market…
accounting fees that are needed to get the fair value ready.…
require debiting of APIC, instead of debiting an expense
Contingencies
occur when there is a disagreement on the price between the i…
3 different approaches to valuing assets
1: Market Approach, estimates fair values using other market…
10 terms
Vocabulary Chapter 4 Advanced
Cessation
Commence
Deter
Hamper
To halt or stop. To bring or come to an end.
To begin
To prevent or discourage from acting; using fear or doubt
To prevent from moving freely or making progress.
Cessation
To halt or stop. To bring or come to an end.
Commence
To begin
22 terms
Chapter 4 Advanced Chem
Atomic Number
Mass Number
Ion
Isotope
Atomic Number = Number of Protons = Number of Electrons
Mass Number = Atomic Number + Number of Neutrons
- An atom that has lost or gained electron(s) giving it a net…
Atoms with the same number of protons, but different number o…
Atomic Number
Atomic Number = Number of Protons = Number of Electrons
Mass Number
Mass Number = Atomic Number + Number of Neutrons
24 terms
Chapter 4 School: Advanced
fácil
difícil
aburrido
interesante
easy
difficult
boring
interesting
fácil
easy
difícil
difficult
27 terms
Advanced accounting - chapter 1
What is a merger?
What is a business consolidation?
What is the pooling-of-interests method?
What is the acquisition method?
When an existing company acquires another company and combine…
2 or more companies join together to form one new continuing…
Records the assets and liabilities of the acquired firm at th…
Requires that all assets and liabilities be recorded at fair…
What is a merger?
When an existing company acquires another company and combine…
What is a business consolidation?
2 or more companies join together to form one new continuing…
10 terms
Advanced Word Power Chapter 4
brevity
clemency
frivolous
heist
(n) briefness; shortness of duration
(n) mercy in judging; leniency
(adj) lighthearted; not sensible; not properly serious; silly
(n) a burglary;an act of stealing; robbery
brevity
(n) briefness; shortness of duration
clemency
(n) mercy in judging; leniency
30 terms
Advanced Biology Chapter 4
Plasma membrane
Cytoplasm
Cytosol
Nucleus
(a.k.a. cell membrane) covers a cell's surface and acts as a…
The region of the cell that is within the plasma membrane and…
the part of the cytoplasm that includes molecules and small p…
the membrane bound organelle that contains a cell's DNA. Most…
Plasma membrane
(a.k.a. cell membrane) covers a cell's surface and acts as a…
Cytoplasm
The region of the cell that is within the plasma membrane and…
11 terms
Holes: Chapter 4 - Advanced
dazed
desolate
declare
violate
(adj) in confusion, lacking clarity, feeling numb from shock
(adj) an area that provides no shelter or resources
(v) say firmly
(v) act in ignorance of laws and rules
dazed
(adj) in confusion, lacking clarity, feeling numb from shock
desolate
(adj) an area that provides no shelter or resources
37 terms
Advanced Bio Chapter 4
Hydrocarbons
Isomers
Structural isomers
Structural isomers
Organic molecules consisting of only carbon and hydrogen
Compounds with the same molecular formula but different struc…
Have different covalent arrangements of their atoms
Hydrocarbons
Organic molecules consisting of only carbon and hydrogen
Isomers
Compounds with the same molecular formula but different struc…
61 terms
Advanced Bio chapter 4 vocab
Light Microscope (LM)
Magnification
Micrograph
Resolution
An optical instrument with lenses that refract visible light…
the increase in the apparent size of an object
a photograph taken through a microscope
a measure of the clarity of an image
Light Microscope (LM)
An optical instrument with lenses that refract visible light…
Magnification
the increase in the apparent size of an object
27 terms
Chapter 4 Advanced Formatting
Check 'Different First Page' box in th…
1-add page #s; 2-Page Number; format p…
False, you need to select it and then…
relationships
How would you get the header or footer not to show on the fir…
How would you set your page numbers to display as 'i, ii, iii'?
A table of contents automatically updates the page numbers af…
SmartArt graphics are used to show _____________ between elem…
Check 'Different First Page' box in th…
How would you get the header or footer not to show on the fir…
1-add page #s; 2-Page Number; format p…
How would you set your page numbers to display as 'i, ii, iii'?
26 terms
Advanced Greek, chapter 4
al (biological)
an (ian) amphibian
ous (ious) homogeneous
ic, tic (ac after i) cardiac, epidemic
pertaining to
pertaining to
full of
pertaining to
al (biological)
pertaining to
an (ian) amphibian
pertaining to
39 terms
Advanced Managerial Accounting Ch 4
Cost-volume-profit analysis
Break-even point
What else can CVP address?
Operating Income equation
estimates how changes in costs (both varied and fixed), sales…
the point where total revenue equals total cost (zero profit)
the number of units that must be sold to break even... the impa…
Operating income = total revenue - total expense
Cost-volume-profit analysis
estimates how changes in costs (both varied and fixed), sales…
Break-even point
the point where total revenue equals total cost (zero profit)
10 terms
Advanced Vocabulary Chapter4
Berate
Estrange
Euphoric
Impetuous
To scold angrily... Sentence: Vanessa can accept reasonable cri…
To drive away... Sentence: After his divorce, Gavin didn't want…
Very happy... Sentence: I was euphoric when I received my grade…
Impulsive... Sentence: Whenever I make an impetuous purchase, I…
Berate
To scold angrily... Sentence: Vanessa can accept reasonable cri…
Estrange
To drive away... Sentence: After his divorce, Gavin didn't want…
23 terms
CHAPTER 1 ACCOUNTING TERMS - ADVANCED
ASSET
LIABILITY
EQUITIES
OWNER'S EQUITY
Anything of value that is owned
An amount that is owed by a business
Financial rights to the assets of the business
The amount remaining after the value of all liabilities is su…
ASSET
Anything of value that is owned
LIABILITY
An amount that is owed by a business
15 terms
Issues and Perspectives Chapter 4 LeapAdvanced
administrative
altered
commission
ethical
related to management of a company
changed
group of people who have been given the official job of findi…
related to the principles of right and wrong
administrative
related to management of a company
altered
changed
52 terms
Advanced Biology Chapter 4 review
plastid
spindle fibers
endoplasmic reticulum
actin
stores food or pigments(found only in plant cells)
assist in the movement of chromosomes during cell division
prepares proteins for export, synthesizes steroids, regulates…
micro filaments are made of this
plastid
stores food or pigments(found only in plant cells)
spindle fibers
assist in the movement of chromosomes during cell division
7 terms
Advanced Linear Games (Chapter 4)
Advanced Linear Games
Repeated Variable Set
Linked Variable Set Rules
Internal Diagram Spacing
Linear Games with three or more variable sets, with the varia…
When a game uses a variable set more than once, the repetitio…
Rules for a game that interrelate different variable sets. Th…
Diagramming requires extra vertical spacing between the rows…
Advanced Linear Games
Linear Games with three or more variable sets, with the varia…
Repeated Variable Set
When a game uses a variable set more than once, the repetitio…
20 terms
Advanced Accounting Chapter 17
measure and report on management's ste…
Fund expenditure
1. Governmental Funds... 2. proprietary f…
- General Funds... -Special revenue funds…
The primary emphasis in governmental fund accounting is to
are decreases in net financial resources available and are ma…
What are the three types of funds?
what are the five types, used to provide basic governmental s…
measure and report on management's ste…
The primary emphasis in governmental fund accounting is to
Fund expenditure
are decreases in net financial resources available and are ma…
Advanced Accounting Chapter 1
assets
accounting cycle
accounting equation
double entry accounting
Items of value owned or controlled by a business
the activities a business completes within a fiscal year to k…
assets = liabilities + stockholders' /owners' equity
an accounting system in which every business transaction affe…
assets
Items of value owned or controlled by a business
accounting cycle
the activities a business completes within a fiscal year to k…
10 terms
Advancing Vocabulary Chapter 4
relinquish
impetuous
maudlin
berate
to surrender (something); give (something) up.
done or acting in a hurry, with little thought; impulsive
tearfully sentimental; overly emotional
to criticize or scold harshly
relinquish
to surrender (something); give (something) up.
impetuous
done or acting in a hurry, with little thought; impulsive
10 terms
Advanced word Power Chapter 4
querulous
lampoon
reproach
brevity
complaining; whining
to attack or ridicule through humorous imitation; spoof
blame; to rebuke
briefness; shortness or duration
querulous
complaining; whining
lampoon
to attack or ridicule through humorous imitation; spoof
24 terms
Advanced Accounting = Chapter 16
How to Record: Resources
How to Record: Expenses
How to Record: Assets
How to Record: Basis of Accounting
Fund - current financial... Governmentwide - Economic
Fund - Expenditures... Governmentwide - Expenses
Fund - Expenditures... Government Wide - Asset
Fund - Modified Accrual... Government Wide - Accrual
How to Record: Resources
Fund - current financial... Governmentwide - Economic
How to Record: Expenses
Fund - Expenditures... Governmentwide - Expenses
25 terms
Chapter 4 Advanced Formatting in Word
Normal
False Rows are horizontal and columns…
hyperlink
Tab key
What style is automatically applied to all paragraphs in a do…
In a table, rows are vertical (up and down) and columns are h…
In a table, each entry is a _______________ to that place in…
How do you move from cell to cell in a table (other than clic…
Normal
What style is automatically applied to all paragraphs in a do…
False Rows are horizontal and columns…
In a table, rows are vertical (up and down) and columns are h…
37 terms
Advanced Accounting Chapter 11
IFRS cost flow assumption
IFRS market in lower of cost or market…
IFRS reversal of inventory write down
IFRS property plant and equipment meas…
LIFO not allowed
Net realizable value
required if certain criteria are met
based on historical cost or a revalued amount
IFRS cost flow assumption
LIFO not allowed
IFRS market in lower of cost or market…
Net realizable value
16 terms
Advanced Accounting - Chapter 3
Equity Method - Investment Account
Equity Method - Income Account
Initial Value - Investment Account
Initial Value - Income Account
Continually adjusted to reflect ownership of acquired company.
Income accrued as earned; amortization and other adjustments…
Remains at initially recorded amount
Cash received recorded as dividend Income.
Equity Method - Investment Account
Continually adjusted to reflect ownership of acquired company.
Equity Method - Income Account
Income accrued as earned; amortization and other adjustments…
39 terms
Advanced PreCalc Chapter 4
30° in Radians
60° in Radians
45° in Radians
sin(30°)
pi/6
pi/3
pi/4
1/2
30° in Radians
pi/6
60° in Radians
pi/3
5 terms
Advanced Chapter 4
a subsidiary is an indivisible part of…
549,000
in the owner's equity section
exclude 100 percent of the preacquisit…
what is a basic premise of the acquisition method regarding a…
Mittelstaedt Inc., buys 60 percent of the outstanding stock o…
the noncontrolling interest represents an outside ownership i…
James company acquired 85 percent of Mark-Right Company on Ap…
a subsidiary is an indivisible part of…
what is a basic premise of the acquisition method regarding a…
549,000
Mittelstaedt Inc., buys 60 percent of the outstanding stock o…
18 terms
Chapter 5 - Advanced Accounting
Consignee
Consignment
Consignor
Days' sales in inventory
The person or business that receives goods on consignment.
Goods that are given to a business to sell but for which the…
The person or business that gives goods on consignment.
The time needed to sell an average amount of merchandise inve…
Consignee
The person or business that receives goods on consignment.
Consignment
Goods that are given to a business to sell but for which the…
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