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

Decks in this class (11)

Week 1
Define accounting 1,
Role of accounting 2,
Who uses accounting data 3
15  cards
Week 2
Define business transactions 1,
Examples of source documents 2,
Explain cash accounting 3
22  cards
Week 3 business transactions cont, ledgers and journals
Define an account 1,
Define a debit 2,
Define a credit 3
16  cards
Week 4 - trial balance and balance day adjustments
Purpose of trial balances 1,
Steps to prepare a trial balance 2,
Complete the transaction analysis 3
8  cards
Week 5 - preparation of classified financial reports
Define and explain an income stat...,
How is the income statement calcu...,
Explain costs of goods sold and c...
44  cards
Week 6 - Business planning, costs concepts and management
What is a business plan 1,
3 functions of a business plan 2,
Advantages of a business plan 3
36  cards
Week 7 - Business planning + budgeting
What is strategic management acco...,
Define target costing 2,
Explain target costing and 4 stag...
21  cards
Week 8 - Analysis and interpretation of financial statements: analysing profitability
Internal users of accounting info...,
External users of accounting info...,
Explain horizontal analysis 3
14  cards
Week 9 - Analysis and interpretation of financial statements: analysing efficiency, liquidity, capital structure
What is asset efficiency analysis 1,
Explain asset turn over ratio 2,
Asset turnover formula 3
16  cards
week 10 - other accounting maters e.g. agency
Explain agency theory 1,
What is cooperate governance 2,
Why is strong governance important 3
14  cards
week 11
0  cards

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Accounting

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