FAQs tagged as

Financial Accounting Standards Board

  1. How important are contingent liabilities in an audit?

  2. How does inventory accounting differ between GAAP and IFRS?

  3. What are the advantages and disadvantages of horizontal integration?

  4. What sectors are best for an investor seeking a high annual return?

  5. How do I create a trading strategy when a stock doesn’t reach a higher high swing?

  6. How does revenue recognition differ between profit and non-profit companies?

  7. What are the most important steps in the accounting cycle?

  8. What would happen if you tried to skip steps in the accounting cycle?

  9. Is reclassification of a financial instrument ever permitted?

  10. What is the difference between carrying value per share and earnings per share?

  11. How does a contra-asset account differ from a contra-liability account?

  12. What are the fundamental differences in U.S. GAAP and International Financial Reporting ...

  13. What is the difference between carrying value and market value?

  14. How do businesses determine if an asset may be impaired?

  15. How is market to market accounting different than historical cost accounting?

  16. Why does financial accounting have to comply with GAAP?

  17. What are the FASB guidelines surrounding revenue recognition?

  18. How is accounting in the United States different from international accounting?

  19. How does a company derecognize a deferred tax liability?

  20. How does the Fair Accounting Standards Board (FASB) regulate deferred tax liabilities?

  21. How does financial accounting help decision making?

  22. What are the official FASB guidelines regarding contingent liabilities

  23. How does financial accounting differ from managerial accounting?

  24. How do investors and lenders benefit from financial accounting?

  25. How does the Fair Accounting Standards Board (FASB) establish accounting protocol?

  26. What are the objectives of financial accounting?

  27. Who is eligible to hold a deferred tax asset?

  28. What are some examples of ways businesses can use a deferred tax asset?

  29. How can I calculate the times interest earned in Excel?

  30. Why do businesses calculate accrued expenses?

  31. What's the difference between return on sales (ROS) and operating margin?

  32. When and why were GAAP first established?

  33. Who enforces GAAP?

  34. How is a deferred tax asset taxed?

  35. What kind of financial reporting requirements does GAAP set out?

  36. Why does GAAP require accrual basis rather than cash accounting?

  37. What is the difference between GAAP and IFRS?

  38. How does goodwill amortize?

  39. What are the primary goodwill accounting rules to be aware of?

  40. What is the difference between goodwill and tangible assets?

  41. What are the differences between comprehensive income and other comprehensive income?

  42. How should an accountant correctly record and report a change in an accounting estimate?

  43. What is the difference between IAS and GAAP?

  44. What is the difference between principles-based accounting and rules-based accounting?

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