CLO Topic Question

Type
CLO 1 Current Liabilities How is present value related to the concept of a liability?
Non Current Liabilities Under what conditions of bond issuance does a discount on bonds payable arise? Under what
conditions of bond issuance does a premium on bonds payable arise?
Equity Explain each of the following terms: authorized ordinary shares, unissued ordinary shares,
issued
ordinary shares, outstanding ordinary shares, and treasury shares.
Dilutive Securities Explain the treasury-share method as it applies to options and warrants in computing
dilutive earnings per share data.
Investment Identify and explain the different types of classifications for equity
investments.
Revenue Recognition When is revenue recognized in the following situations? (a) Revenue from
selling products, (b) revenue from services performed, (c) revenue from
permitting others to use company assets, and (d) revenue from disposing of
assets other than products.
CLO 2 Accounting For Income Explain the meaning of a temporary difference as it relates to deferred
Taxes tax computations, and give three examples
Accounting For Pension Explain how cash-basis accounting for pension plans differs from
accrual-basis accounting for pension plans. Why is cash-basis
accounting generally considered unacceptable for pension plan
accounting?
Accounting For Lease Describe the accounting procedures involved in applying the finance lease
method by a lessee.
CLO 3 Accounting Changes and Identify and describe the approach the IASB requires for reporting changes in accounting
Errors policies.
Statement Of Cash Flow Broussard Company reported net income of $3.5 million in 2022. Depreciation for the year
was
$520,000, accounts receivable increased $500,000, and accounts payable increased $300,000.
Compute net cash flow from operating activities using the indirect method.
Presentation And Diclosure Identify the segment information that is required to be disclosed by IFRS.