Tesla GAAP vs Non-GAAP Accounting Revenue Recognition Stock-Based Compensation Random Accounting
100
Who is Elon Musk?
The current CEO of Tesla who joined in 2004.
100
What is Non-GAAP Accounting?
A method, under which deferred revenue can be accounted for as revenue on the income statement.
100
What are leases?
Due to Tesla's resale value guarantee program, under GAAP, this is how the sales with a buyback guarantee are accounted for.
100
What is the income statement?
This is the financial statement where stock-based compensation is included.
100
What is Strategic Applications in Accounting?
The official name for Accounting 495.
200
What is Silicone Valley, California?
The place where a group of engineers founded Tesla.
200
What is Non-GAAP Accounting?
A method, under which stock-based compensation can be completely excluded when providing accounting estimates.
200
What is when realized/earned or when a performance obligation is satisfied?
This is when revenue should be recognized under GAAP.
200
What is stock-based compensation?
A way in which corporations use stock or stock options to reward employees in lieu of cash.
200
What is "Teslar"?
The name that Dr. McCoy calls the company Tesla.
300
What is Roadster?
The name of the first fully electric vehicle Tesla released in 2008.
300
What is GAAP Accounting?
A method, under which revenue is recognized when realized/earned.
300
What is a liability account?
This is where the deferred revenue for Tesla sales are recorded on the balance sheet.
300
What are operating expenses?
This is the main section of the income statement where stock-based compensation is accounted for.
300
What is the accounting equation?
Assets=Liabilities+Owner's Equity
400
What is $17?
The price of Tesla's initial public offering per share in 2010.
400
What is GAAP Accounting?
A method, under which stock-based compensation is recognized as a non-cash expense on the income statement.
400
What is revenue/net income?
An amount that was higher under Tesla's Non-GAAP accounting methods.
400
What are selling, general, and administrative expenses?
For the third quarter of 2014, this is where the largest part of stock-based compensation is allocated.
400
What is four?
The number of sections on the CPA Exam.
500
What is less than 3 seconds?
The time it took for Tesla's Model S vehicle to go from 0 to 100 kilometers per hour.
500
What is GAAP Accounting?
A method, under which stock-based compensation is allocated to relevant operating line items.
500
What is sales revenue?
It is the account credited once unearned revenue is recognized.
500
What is paid-in capital stock option?
When compensation expense is initially debited for employee stock option plans this is the associated credit account.
500
What is 1,000?
The total points available in this class (Acc 495).






Tesla Accounting

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