F5 General Cards

Card Set Information

Author:
Joens1313
ID:
164839
Filename:
F5 General Cards
Updated:
2012-08-08 13:57:31
Tags:
F5 General Cards
Folders:

Description:
F5 General Cards
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user Joens1313 on FreezingBlue Flashcards. What would you like to do?


  1. What is the normal present value formula
    Present value=Future amount * Present value factor
  2. Present value=----------------- * Present value factor
    Future Amount
  3. Present value=Future amount * -----------------------
    Present value factor
  4. ------------------=Future amount * Present value factor
    Present value
  5. A bargan lease option is included as part of the ------------------------------ to be disounted to the date of inception  of the lease becouse it is a future cash flow that is considered certain.
    minimum lease payments
  6. A bargan lease option is included as part of the minimum lease payments to be disounted to the date of ---------- of the lease becouse it is a future cash flow that is considered certain.
    inception
  7. recognition of a gain resulting from the sale in a sale leaseback should be -------------- when the seller lessee retains the right to substantially all of the remaining use of the property
    deferred
  8. recognition of a gain resulting from the sale in a sale leaseback should be deferred when the seller lessee retains the right to --------------------------- all of the remaining use of the property
    substantially
  9. Interest revenue is recognized for a capital lease based on the ------------------ times the carrying value of the lease receivable.  As time passes the lease receivable decreases and interest revenue recognized also decreases
    discount rate
  10. Interest revenue is recognized for a capital lease based on the discount rate times the ------------- of the lease receivable.  As time passes the lease receivable decreases and interest revenue recognized also decreases
    carrying value
  11. Interest revenue is recognized for a capital lease based on the discount rate times the carrying value of the lease receivable.  As time passes the lease receivable ---------- and interest revenue recognized also --------------
    decreases / decreases
  12. when the seller lassee retains only a minor portion (PV of leaseback is 10% or less of FV of the asset sold) any gain should be recognized---------------------- and none deferred
    immediately
  13. when the seller lassee retains only a minor portion (PV of leaseback is 10% or less of FV of the asset sold) any gain should be recognized immediately and none -----------------
    deferred
  14. a lease is a capital lease if its term is ----- or more of the life of the leased property under US GAAP or the lease term is for a major part of the economic life under IFRS.  The rate to use to calculate present value is the lessors implicit rate if known by the lessee and if it is lower then the lessees incremental borrowing rate
    75%
  15. a lease is a capital lease if its term is 75% or more of the ------------------------ under US GAAP or the lease term is for a major part of the economic life under IFRS.  The rate to use to calculate present value is the lessors implicit rate if known by the lessee and if it is lower then the lessees incremental borrowing rate
    life of the leased property
  16. a lease is a capital lease if its term is 75% or more of the life of the leased property under US GAAP or the lease term is for a major part of the economic life under IFRS.  The rate to use to calculate present value is the lessors ------------------ if known by the lessee and if it is lower then the lessees incremental borrowing rate
    implicit rate
  17. If any of the following conditions is met a lease is considered a capital lease under US GAAP and is treated as if owned by the lessee

    1. the lease transfers lownership to the lessee by the end of the lease term
    2. the lease contains a bargain purchse option
    3. the present value at the begginning of the lease term of the minimum lease payments equals or exceeds 90% of the fair value of the leased property
    4. -----------------------------------------------------------------------y
    The lease term is 75% or more of the estimated economic life of the leased property
  18. If any of the following conditions is met a lease is considered a capital lease under US GAAP and is treated as if owned by the lessee
    1. the lease transfers lownership to the lessee by the end of the lease term
    2. the lease contains a bargain purchse option
    3. ---------------------------------------------------------------------------------------------------
    4. The lease term is 75% or more of the estimated economic life of the leased property
    the present value at the begginning of the lease term of the minimum lease payments equals or exceeds 90% of the fair value of the leased property
  19. If any of the following conditions is met a lease is considered a capital lease under US GAAP and is treated as if owned by the lessee
    1. the lease transfers lownership to the lessee by the end of the lease term
    2. ----------------------------------
    3. the present value at the begginning of the lease term of the minimum lease payments equals or exceeds 90% of the fair value of the leased property
    4. The lease term is 75% or more of the estimated economic life of the leased property
    the lease contains a bargain purchse option
  20. If any of the following conditions is met a lease is considered a capital lease under US GAAP and is treated as if owned by the lessee
    1. -----------------------------------------------------------------------------
    2. the lease contains a bargain purchse option
    3. the present value at the begginning of the lease term of the minimum lease payments equals or exceeds 90% of the fair value of the leased property
    4. The lease term is 75% or more of the estimated economic life of the leased property
    the lease transfers lownership to the lessee by the end of the lease term
  21. If any of the following conditions is met a lease is considered a capital lease under US GAAP and is treated as if owned by the lessee
    1. the lease transfers lownership to the lessee by the end of the lease term
    2. the lease contains a bargain purchse option
    3. the present value at the begginning of the lease term of the minimum lease payments equals or exceeds -------- of the fair value of the leased property
    4. The lease term is --------- or more of the estimated economic life of the leased property
    90% / 75%
  22. If any of the following conditions is met a lease is considered a --------------------- under US GAAP and is treated as if owned by the lessee
    1. the lease transfers lownership to the lessee by the end of the lease term
    2. the lease contains a bargain purchse option
    3. the present value at the begginning of the lease term of the minimum lease payments equals or exceeds 90% of the fair value of the leased property
    4. The lease term is 75% or more of the estimated economic life of the leased property
    capital lease
  23. in a sales type lease any differaence between the ---------- of the leased asset and its carrying value is recognized as maufacturs or dealers profit
    fair value
  24. in a sales type lease any differaence between the fair value of the leased asset and its ---------------- is recognized as maufacturs or dealers profit
    carrying value
  25. Unearned interest revenue in a sales types lease is amortized over the period of the lease using the -----------------------
    interest method
  26. Unearned interest revenue in a sales types lease is ---------- over the period of the lease using the interest method
    amortized
  27. Lessors recording a lease receivable for a direct financing lease should include the --------------------- plus any residual value
    minimum lease payments
  28. Lessors recording a lease receivable for a direct financing lease should include the minimum lease payments plus any -------------------------
    residual value
  29. in a sales types lease the difference between the ---------------- of the leased asset and its cost at inception is recognized as manufacturers or dealers profit
    fair value
  30. in a sales types lease the difference between the fair value of the leased asset and its cost at ----------------------- as manufacturers or dealers profit
    cost at inception
  31. To determine the market price of a bond the present value of the principal is added to the present value of all interest paymetns using the --------------------------
    market interest rate
  32. To determine the -------------------- of a bond the present value of the principal is added to the present value of all interest paymetns using the market interest rate
    market price
  33. To determine the market price of a bond the -----------------------------------l is added to the present value of all interest paymetns using the market interest rate
    present value of the principal
  34. To determine the market price of a bond the present value of the principal is added to the ------------------ of all interest paymetns using the market interest rate
    present value
  35. When a discount on a bond or note is amortized the discount amortization increases ------------------ for the period
    interest expense
  36. Under US GAAP no value is assigned to the ---------------------- when the bonds are issued
    conversion feature
  37. Under IFRS bond issue costs reduce the ---------------------- from the bond issuance and are deducted from the carrying value of the liability.
    cash received 
  38. Under IFRS bond issue costs reduce the cash received from the ------------------- and are deducted from the carrying value of the liability.
    bond issuance
  39. the interest payable on a bond is calculated by taking the ------------------- of the bond at the beginning of th eperiod and multiply this amount by the contractual interest rate
    face value 
  40. the interest payable on a bond is calculated by taking the face value of the bond at the beginning of th eperiod and multiply this amount by the -----------------------
    contractual interest rate
  41. For a capital lease, the reduction in ------------------ each year is equal to the current liability at the end of the previous year
    lease liability
  42. For a capital lease, the reduction in lease liability each year is equal to the current liability at the end of the --------------------
    previous year
  43. any profit or loss on a sale/leaseback classified as a ------------------------ shall be deferred and amortized in proportion to depresiation taken on the leased back asset. 
    capital lease
  44. any profit or loss on a sale/leaseback classified as a capital lease shall be --------------------------- in proportion to depresiation taken on the leased back asset. 
    deferred and amortized
  45. any profit or loss on a sale/leaseback classified as a capital lease shall be deferred and amortized in proportion to ------------------------- taken on the leased back asset. 
    depresiation
  46. For long term borrowings and redeemable stock disclosures should include --------------------------------- requirements for each of the next five years and redemption requirements for each of the next five years respectively.
    maturities and sinking fund
  47. For long term borrowings and redeemable stock disclosures should include maturities and sinking fund requirements for each of the next five years and ------------------------- for each of the next five years respectively.
    redemption requirements
  48. For long term borrowings and redeemable stock disclosures should include maturities and sinking fund requirements for each of the next ---------------- and redemption requirements for each of the next ----------------- respectively.
    five years / five years
  49. ----------------------- on the sale of bonds is included in the carrying value of the bonds on the balance sheet
    discount or premium
  50. discount or premium on the sale of bonds is included in the carrying value of the bonds on the ----------------------
    balance sheet

What would you like to do?

Home > Flashcards > Print Preview