1 of 241
Definition Term
- when functional currency = Foreign Currency Hedge
reporting currency
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True False
Correct definition
Foreign Currency Remeasurement
2 of 241
Definition Term
XBRL formatted document that instance document
contains tagged data
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True False
3 of 241
Definition Term
a legal obligation associated Lessee Accounting (IFRS)
with the retirement of a tangible
long-lived asset
Results from :
- the acquisition, construction or
development, and/or normal
operation of a long-lived asset
Ex: oil and gas and mining
industries
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True False
Correct definition
Asset Retirement Obligation
, 4 of 241
Definition Term
includes a lessor who collects Operating Lease
rent, and a lessee, who uses the
leased asset and pays periodic
rent for such use
- NO transfer of ownership
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True False
5 of 241
Term Definition
Derivative Measurement at Fair Value
- recognized as either assets or
liabilities
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True False
6 of 241
, Term Definition
Modification of Terms for - accounted prospectively
Troubled Debt - debt is NOT extinguished, only
modified
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True False
7 of 241
Term Definition
Put Option the market rate is higher than
the stated rate
- Bonds sell for less than the
face amount
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True False
Correct definition
the right to sell at a specified price
profit if price goes down
Definition Term
- when functional currency = Foreign Currency Hedge
reporting currency
Give this one a try later!
True False
Correct definition
Foreign Currency Remeasurement
2 of 241
Definition Term
XBRL formatted document that instance document
contains tagged data
,Give this one a try later!
True False
3 of 241
Definition Term
a legal obligation associated Lessee Accounting (IFRS)
with the retirement of a tangible
long-lived asset
Results from :
- the acquisition, construction or
development, and/or normal
operation of a long-lived asset
Ex: oil and gas and mining
industries
Give this one a try later!
True False
Correct definition
Asset Retirement Obligation
, 4 of 241
Definition Term
includes a lessor who collects Operating Lease
rent, and a lessee, who uses the
leased asset and pays periodic
rent for such use
- NO transfer of ownership
Give this one a try later!
True False
5 of 241
Term Definition
Derivative Measurement at Fair Value
- recognized as either assets or
liabilities
Give this one a try later!
True False
6 of 241
, Term Definition
Modification of Terms for - accounted prospectively
Troubled Debt - debt is NOT extinguished, only
modified
Give this one a try later!
True False
7 of 241
Term Definition
Put Option the market rate is higher than
the stated rate
- Bonds sell for less than the
face amount
Give this one a try later!
True False
Correct definition
the right to sell at a specified price
profit if price goes down
