AICPA考试要点摘录-FAR

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1、F1-standardsetting,incomestatement,andreportingrequirements1.Changeinestimate-prospectingChangesinaccountingprinciplethatareinseparablefromachangeinestimate:depreciationmethod;changefromtheinstallmentmethodtoimmediaterecognitionmethodbecauseuncollectibleaccountscannowbeestim

2、atedChangeinprinciple-retrospectiveChangeinentity-restateE.g.Changeinmethodofaccountingfordemocostsisachangeinaccountingprincipleinseparablefromachangeinestimate.Handledaschangeinestimate-prospectingChangefromcashbasisofaccountingtoaccrualbasisiscorrectionofanerror!Changeind

3、epreciationmethodisbothachangeinmethodandinestimate2.ComprehensiveincomeexcludesOwnerTransaction:dividends,paidincapital10Kannualreport10Qquarterlyreport11Kannualreportofemployeebenefitplan40FCanadiancompany20Fotherforeigncompany6Ksemi-annuallyreportforforeignprivateissuers8

4、Kmajorcorporateevent3&4&5filedbydirectors,officers,beneficialownersofmorethan10%ofaclassofequitysecurities(onlytoshowtheownership,nofinancialstatement)3.Historicalcost:operationsarecontinuingCurrentreplacementcost:optionalsupplementalpricelevelfinancialstatementNetrealizable

5、value:equipmentindecisiontoendoperationsandquickly(3months)disposeofitsassets.Currentreproductioncost:optionalsupplementpricelevelfinancialstatement4.Fundamentalqualitativecharacteristics:Relevance:passingconfirmsmoney.Predictivevalue;conformingvalue,materialityFaithfulrepre

6、sentation:completelyneutralisfreefromerror.Completeness;neutrality;freedomfromerror5.Enhancingqualitativecharacteristics:compareandverifyintimetounderstandComparability,verifiability,timeliness,understandability,costconstraint6.USGAAPStandard-settingprocess:exposuredraft—maj

7、orityvoteforissuance—redeliberateontheissue—accountingstandardsupdate—majorityvotetoamendaccountingstandardcodification1.Twounderlyingassumptionsoffinancialstatementpreparationandpresentation:goingconcern,accrualaccounting2.IASBstandard-settingprocess:publishadiscussionpaper

8、(notrequired)—exposuredraft(atleast9membersshouldapproveforissuance)—drafts