Иностранный язык в профессиональной деятельности

1. Expenses that have been recognized in the income statement but are not yet contractually due

- taxes payable

- interest payable

- wages payable

- accrued warranty expense

a. Accrued liabilities

b. Deferred tax liabilities

c. Trading securities

d. Simple capital structure

2 assets, liabilities, owner's equity

a. Statement of changes in equity

b. Examples of current liabilities

c. Statement of cash flows

d. 3 components of a balance sheet

3 Used to reduce the value of its controlling account

a. Contra account

b. Outstanding shares

c. Net revenue

d. Treasury stock

4 Obligations in the form of promissory notes owed to creditors and lenders. Can be reported as noncurrent liabilities if matures in over a year

a. Notes payable

b. Accumulated OCI

c. Working capital

d. Proxy statements

5 Reports on the financial performance of a company over time

a. Prepaid expenses

b. Balance sheet

c. Fair value model

d. Income statement

6 applies a constant rate of depreciation to an asset's (declining) book value each year

a. Measurement bases

b. Statement of changes in equity

c. Declining balance method

d. Financing cash flow

7 Revenue - Expenses = Net Income (or Net Loss)

a. Noncurrent liabilities

b. Net revenue

c. 3 components of a balance sheet

d. Income statement equation

8 Reports all changes in equity except for shareholder transactions

a. Allowance for doubtful accounts

b. 3 elements of an income statement

c. Income statement

d. Statement of comprehensive income

9 Proxy statement

a. Contributed capital

b. Form DEF-14A

c. Form 10-K

d. Value in use

10

- An asset is impaired if its carrying value exceeds the recoverable amount

- (IFRS: recoverable amount of an asset is the greater of fair value less any selling costs, or its value in use)

- If impaired, asset is written down to its recoverable amount and a loss is recognized in income statement

- Loss recoveries allowed under IFRS but not GAAP

a. Impairment

b. Trading securities

c. Identifiable intangible assets

d. Proxy statements