This class was created by Brainscape user Szeréna Szabó. Visit their profile to learn more about the creator.
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Szeréna Szabó
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Decks in this class (11)
1 - Purpose & Use of Financial Statements
Internal users,
External users,
Investors shareholders
80
cards
2 - Financial Statements
Assets are the resources that a c...,
Current assets are assets that ar...,
Operating cycle of a company is t...
59
cards
3 - Accounting Information System
The accounting cycle is a systema...,
Assets from the statement of fina...,
Liabilities and shareholders equi...
40
cards
4 - Accrual Accounting Concepts
Revenue is often used interchange...,
Revenue is normally the term used...,
Both ______ and _____ include rev...
49
cards
7 - Internal Control & Cash
Good internal control systems hav...,
5 popular control activities that...,
Assignment of responsibility enab...
45
cards
8 - Reporting & Analyzing Receivables
Receivables are claims that are e...,
Accounts receivable are amounts _...,
Receivables are normally evidence...
42
cards
9 - Reporting and Analyzing Long-Lived Assets
Property plant and equipment are ...,
Property plant and equipment are ...,
Most companies record property pl...
112
cards
10 - Reporting and Analyzing Liabilities
Liabilities are sometimes known a...,
A ________ liability is a liabili...,
A floating or variable interest r...
78
cards
11 - Reporting and Analyzing Shareholders’ Equity
List some advantages of the corpo...,
List some disadvantages of the co...,
When a corporation has only one c...
75
cards
12 - Reporting and Analyzing Investments
Non strategic investments that ar...,
Non strategic investments can be ...,
Reasons corporations make non str...
28
cards
13 - Statement of Cash Flows
0
cards
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Accounting
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