F8 Study Cards 11 to 14

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Joens1313
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173595
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F8 Study Cards 11 to 14
Updated:
2012-09-26 15:56:18
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F8 Study Cards 11 14
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F8 Study Cards 11 to 14
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  1.  -------------------------refers to how to recognize transactions in the financial statements
    Measurement focus
  2. What are the 2 types of measurement focus
    • 1. Current Financial resources
    • 2. Economic Resources
  3. What are the following

    Current Financial resources
    Economic Resources
    types of measurement focus
  4. What is curent financial resources
    they are a measurement focus that seeks to value and report fund balances as a measure of available, spendable or appropriable resources
  5. ----------------------------------------- are a measurement focus that seeks to value and report fund balances as a measure of available, spendable or appropriable resources
    Current financial resources
  6. When using the current financial resources types of measurement only ------------------ and liabilities are included on the balance sheet
    fixed assets
  7. When using the current financial resources types of measurement only fixed assets and ------------------- are included on the balance sheet
    liabilities
  8. Under current finacial resources the --------------------------- method is used
    modified accual
  9. Under the current financial resources type of measurement focus, what is reported

    1.
    2. No non-current liabilites are reported
    no fixed assets are reported
  10. Under the current financial resources type of measurement focus, what is reported

    1. no fixed assets are reported
    2.
    no non current liabilites are reported
  11. Under the current financial resources type of measurement focus, what is reported

    1.
    2.
    • no fixed assets are reported
    • No non-current liabilites are reported
  12. Under the economic resources type of measurement focus, what is reported
    • 1. Fixed assets are reported
    • 2. Non-current liabilites are reported
  13. Under the economic resources type of measurement focus, what is reported

    1. Fixed assets are reported
    2.
    Non-current liabilites are reported
  14. Under the economic resources type of measurement focus, what is reported

    1.
    2. Non-current liabilites are reported
    Fixed assets are reported
  15. Under the economic resources types of measurement focus the ---------- Accual method is used
    Full
  16. The--------------------------------------refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. 
     Basis of Accounting
  17. ---------------------------------------of acocunting is used with the current financial resources measurement focus
    modifed accrual basis
  18. ---------------------------- basis of accounting is a blend of accual and cash basis accounting concepts
    Modified accrual
  19. Modified accuarl basis of accounting is what 
    a blend of accual and cash basis accounting concepts

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