UI ACCT 414 - Study Guide for Final Exam (2 pages)

Previewing page 1 of 2 page document View the full content.
View Full Document

Study Guide for Final Exam



Previewing page 1 of actual document.

View the full content.
View Full Document
View Full Document

Study Guide for Final Exam

37 views

Exam


Pages:
2
School:
University of Idaho
Course:
Acct 414 - Intermediate Financial Accounting II

Unformatted text preview:

Final Exam Study Guide Spring 2011 Acct 414 The format of the exam will be problems If you attempt all three problems in one of the first two sections I count the two best scores Materials related to first exam material 100 points one third There will three short problems related to the material on Exam 1 You will pick two of the problems Here are the topics that will be the subject of the short problems Present value problems general and related to leases troubled debt and or pension Serial bonds if effective interest method yield rate will be provided Loan Impairment Troubled debt restructuring by creditor Leases classification for lessor and or lessee with journal entries IFRS might be included Fair value option problem and or level 2 measurements Materials related to second exam material 100 points one third There will three short problems related to the material on Exam 2 You will pick two of the problems Here are the topics that will be the subject of the short problems Accounting for pension plan working paper blank provided Deferred taxes working paper blank provided Employee stock options fair value method with journal entries liability or equity type awards Earnings per share basic and diluted possibly with stock split or dividend involved Long term contracts percentage of completion vs completed contract method New Material Statement of Cash Flow Problem 100 points one third You will prepare the working paper for the DIRECT method statement of cash flow which means you ll also need to prepare the indirect method reconciliation schedule and make the appropriate disclosures for noncash investing and financing activities You should be able to do the following types of transactions Equity method investment Available for sale securities but no deferred tax on the AOCI account to keep it simpler Capital lease Treasury stock transactions cost method only Stock dividend large or small the cutoff point is 20 25 o Par value is debited to retained earnings for a



View Full Document

Access the best Study Guides, Lecture Notes and Practice Exams

Loading Unlocking...
Login

Join to view Study Guide for Final Exam and access 3M+ class-specific study document.

or
We will never post anything without your permission.
Don't have an account?
Sign Up

Join to view Study Guide for Final Exam and access 3M+ class-specific study document.

or

By creating an account you agree to our Privacy Policy and Terms Of Use

Already a member?