This class was created by Brainscape user Verity Russell. Visit their profile to learn more about the creator.
By:
Verity Russell
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Decks in this class (25)
Week 1 - History of Accounting
How many milenia has accounting b...,
When did double entry bookkeeping...,
Who is the father of accounting
5
cards
Week 1 - Financial vs Management Accounting
What does financial accounting se...,
What does financial accounting do,
Why do their need to be rules and...
15
cards
Week 1 - What are Financial Statements
What is a financial statement a m...,
What are the three types of finan...,
What does an income statement pro...
9
cards
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0
cards
Week 2 - Assets, Liabilities and Equity
What is an asset,
Why are assets bought or created,
What could an asset be
11
cards
Week 2 - Definitions of Assets, Liabilities and Equity, and Classification
What are some controlled assets,
What are some non controlled assets,
What can control mean
8
cards
Week 2 - Income Statement
What is the main objective of a c...,
How is wealth generated,
What is the income statement ofte...
9
cards
Week 2 - What are the Accounting Conventions?
What is the money measurement con...,
What is the accruals or match mak...
2
cards
Week 2 - The Accruals Concept
What are accruals,
What is a prepayment,
What is an example of an accrual
3
cards
Week 2 - What Makes Up the Statement of Financial Position
What does the statement of financ...,
What would we expect a company li...,
Who would we expect a company lik...
3
cards
Week 2 - What Makes Up the Statement of Profit or Loss
What does the statement of profit...,
What are the two elements that,
What are the two types of income ...
7
cards
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0
cards
Week 3 - Double-Entry Book Keeping Principles
1
cards
Week 3 - PEARLS
What does p stand for,
What does p stand for,
What does p stand for
8
cards
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0
cards
Week 4 - Revenue, Purchases and Cost of Sales
What is the overview of financial...,
When do we think about recording ...,
What is the cost of sales calcula...
3
cards
Week 4 - Accounting for Property, Plant and Equipment
How is property plant and equipme...,
How often is ppe expected to be used,
What do we need to do when we fir...
8
cards
Week 4 - Bank Loans, Shares and Retained Earnings
What are the three ways a busines...,
What does share premium only appl...,
What is the difference between sh...
8
cards
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0
cards
Week 5 - An Introduction to Management Accounting I
Define management,
Define accounting,
What does drury say management ac...
8
cards
Week 5 - An Introduction to Management Accounting II
What are the characteristics of u...,
What is the mnemonic for the char...,
What should information provision...
13
cards
Week 5 - CIMA Ethics
What are the five fundamental pri...
1
cards
Week 5 - Cost Concepts
What is cost classification,
What is the cost objective object,
What are some reasons that costs ...
19
cards
Week 5 - More Cost Definitions
In financial accounting what is a...,
In management accounting what are...,
Define direct materials
16
cards
Week 5 - Decision Making
What are differential costs and r...,
Define sunk costs,
3
cards
More about
FFMA
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