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BUS139 - Introduction To Financial Accounting

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

By: Michael Agwu
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Decks in this class (16)

Lecture 1
Do accountants follow legal regul...,
What do accountants follow 2,
What is double entry bookkeeping ...
8  cards
Appendix A Reading Notes
What is an account 1,
Where are individual accounts rec...,
What are examples of accounts 3
26  cards
Chapter 1 Reading Notes
What are the purpose of ratios 1,
What are the 5 ratio categories 2,
Liquidity solvency ratios 3
47  cards
Chapter 2 Reading Notes
How many financial statements are...,
What are the four financial state...,
Who are financial statements requ...
54  cards
Chapter 3 Reading Notes
What is the primary purpose of bu...,
Gross profit 2,
Operating profit 3
27  cards
Lecture 2
What is ias1 1,
What is a complete set of financi...,
What is the accounting equation 3
16  cards
Lecture 3
How are accounting transactions r...,
What is an account 2,
T account 3
10  cards
Seminar 2
How is the p l statement structur...,
What are the 5 conventions 2,
Is depreciation an overhead expen...
12  cards
Lecture 4
The only way to know a company s ...,
What acts as a company s progress...,
Time period concept 3
25  cards
Lecture 5
Depreciation 1,
What type of account is depreciat...,
What are the 2 important dates fo...
34  cards
Seminar 5
What must be done to the sales pu...,
If sales has a credit balance at ...,
When a purchase is made what is t...
5  cards
Lecture 6
For most businesses other than re...,
What is the risk associated with ...,
Reasons for a debtor not paying t...
24  cards
Lecture 7
Inventories 1,
What is the type of inventories f...,
What is the type inventories for ...
17  cards
Lecture 10
Accounting information system 1,
Major financial statements aim to...,
Businesses produce which 3 statem...
20  cards
Lecture 8
What is the purpose of closing en...,
Why are income expenses and distr...,
What is the accounting process 3
15  cards
Lecture 9
What are the main features of lim...,
What are the two main forms of li...,
Ordinary shares 3
8  cards

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BUS139 - Introduction To Financial Accounting

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