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HFA Final Exam (Chp 11 - 13) with correct detailed answers.

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HFA Final Exam (Chp 11 - 13) with correct detailed answers.

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HFA Final Exam (Chp 11 - 13) with correct
| | | | | | | | |




detailed answers |




Know |the |structure, |composition, |use |of |balance |sheet |- |CORRECT |ANSWER-structure: |assets |liabilities
|and |equity



composition: |

use |of:



Know |the |structure, |composition, |use |of |income |statement |- |CORRECT |ANSWER-structure: |revenues |
expenses |profitability

composition:

use |of:



Know |the |structure, |composition, |use |of |statement |of |cash |flows |- |CORRECT |ANSWER-structure:

composition:

use |of:



GAAP |- |CORRECT |ANSWER-consistency, |materiality, |conservatism



consistency |- |CORRECT |ANSWER-



materiality |- |CORRECT |ANSWER-



conservatism |- |CORRECT |ANSWER-



Cash |and |accrual |basis |of |accounting |- |CORRECT |ANSWER-



Methods |of |valuing |assets |- |CORRECT |ANSWER-

, Why |organization |book |value |and |market |value |may |not |match |- |CORRECT |ANSWER-



Revenues |- |CORRECT |ANSWER-



Assets |- |CORRECT |ANSWER-



Income |- |CORRECT |ANSWER-



Expenses |- |CORRECT |ANSWER-



types |and |categories |- |CORRECT |ANSWER-



Liabilities |- |CORRECT |ANSWER-



Operating |Income |- |CORRECT |ANSWER-



non-operating |income |- |CORRECT |ANSWER-



Ratio |analysis |- |CORRECT |ANSWER-



Footnotes, |users |of |financial |information |- |CORRECT |ANSWER-



Depreciation:

what:

how |determined:

how |reported:

where:

straight |line:

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