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External Reporting

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

By: Nicole Bazga
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Decks in this class (16)

Introduction to Accounting
What is the objective of financia...,
Who are financial statements prep...,
Who are financial statements used by
21  cards
Accounting Equation and Double Entry
What are the products of financia...,
What system do we need for record...,
What does principal of duality mean
24  cards
MINI QUIZ
A customer owes money to the busi...,
A football clubs gate receipts,
Petrol used in a business vehicle
19  cards
Double Entry Checks
Can there ever be a debit in the ...,
Can there ever be a credit in the...,
Do sales returns and purchase ret...
22  cards
Accounting for Adjustments to the Trial Balance
What kind of adjustments might ne...,
How can we calculate cost of sales,
What is opening stock
17  cards
Regulatory and Conceptual Framework
Why is external reporting regulated,
How is external reporting regulated,
What exactly are accounting stand...
31  cards
BOOK-KEEPING QUESTIONS
We debit cash received but credit...,
Sales are debited to a sales acco...,
If a business purchases a car for...
8  cards
Property, Plant & Equipment
What does frs 102 ias 16 say abou...,
Where are ppe include in a sofp,
What does recognition mean in reg...
38  cards
Liabilities
What are liabilities,
What are types of liabilities,
What are the types of obligation
15  cards
Inventories
What are stocks inventories,
What are inventories accord to ia...,
Why is inventory figure so important
19  cards
Events after the Reporting Period
What led to introduction of a sta...,
What are events after the balance...,
What are the two different types ...
12  cards
EVENTS AFTER THE REPORTING PERIOD QUESTIONS
Included in non current assets is...,
Also included in non current asse...,
Included in current assets are 45...
7  cards
MULTIPLE CHOICE QUESTIONS
The sources of regulation which c...,
Accounting standards set out the ...,
The abbreviation gaap stands for
68  cards
Revenue Recognition
0  cards
Form & Content of Financial Statements
0  cards
Cash Flow Statements
0  cards

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External Reporting

  • Class purpose General learning

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