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Accounting

This class was created by Brainscape user Olivia Macdonald. Visit their profile to learn more about the creator.

By: Olivia Macdonald
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Decks in this class (16)

Chapter 1 - Intro
What are financial statements,
What do financial statements prim...,
What does accounting represent
36  cards
Chapter 2- Accounting Equation
What is the double entry principle,
What does the double entry princi...,
What is the accounting equation
11  cards
Chapter 3- Double Entry Bookkeeping
Describe the basic unit of the do...,
What does a ledger or t account do,
Describe a debit
6  cards
Chapter 4- The Trial Balance
What is the purpose of a balancin...,
What does the debit balance on an...,
What does the credit balance on a...
14  cards
Chapter 5-Final Accounts Prep
What is the first step in our fin...,
How do we account for closing sto...,
What follows the construction of ...
15  cards
Chapter 6- Accruals And Prepayments
What is the accrual basis of acco...,
What are expenses accrued,
Describe the adjustments necessar...
12  cards
Chapter 7- Fixed Assets And Depreciation
What are the two types of fixed a...,
What are tangible assets,
What are intangible assets
20  cards
Chapter 8 - Further Fixed Assets
Describe hire purchase,
Describe an operating lease,
Describe a finance lease
21  cards
Chapter 9- Stock
Describe the effect of opening st...,
What does frs 102 state about the...,
What is the equation for nrv
11  cards
Chapter 10- Bad And Doubtful Debts
Describe a bad debt and how it sh...,
What is the double entry for a ba...,
What is the double entry to close...
9  cards
Chapter 11 - Partnership Accounts
What does a partnership p l have ...,
What is the purpose of the approp...,
Describe the bottom half of the b...
7  cards
Chapter 12 - Regulatory Framework
What is the main piece of legisla...,
What does companies act 2006 require,
What does uk gapp stand for and w...
28  cards
Chapter 13 - Company Financial Statements And Associated Matters
What is meant my limited liability,
What are the 3 main differences b...,
Describe the differences in taxat...
30  cards
Chapter 14 - Taxation In Company Financial Statements
0  cards
Chapter 15 - Cash Flow Statements
0  cards
Chapter 16 - Basic Ratio Analysis
0  cards

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Accounting

  • Class purpose General learning

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accounting
  • 31 decks
  • 1706 flashcards
  • 1394 learners
Decks: Chapter 1, Powerpoint 1, Powerpoint 2, And more!
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