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Financial Accounting

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

By: eryl malanta
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Decks in this class (14)

Ratios
Return on capital employed 1,
Profit sales 2,
Assets turnover 3
10  cards
Equations
Accounting profit 1,
Assets 2,
Assets 3
9  cards
Introduction to Financial Accounting (Week 1)
What is financial reporting and i...,
Types of businesses 2,
The need for financial statements 3
7  cards
Introduction to Conceptual Framework and Main Elements of Financial Statements (Week 2)
Statement of financial position s...,
Statement of profit or loss is 2,
What is an asset 3
9  cards
Double Entry Bookkeeping (Week 3)
What is the dual effect 1,
What is the seperate entity conce...,
Debit on t account 3
4  cards
Ledger Account (Week 4)
T account 1
1  cards
Trial Balance (Week 5)
Accounting process 1,
Trade receivables ledger 2,
Trade payables ledger 3
3  cards
Non-current Assets (Week 6)
What is going concern 1,
Historical cost measurement basis 2,
Current value measurement basis 3
10  cards
Depreciation (Week 7)
What is capital expenditure 1,
What is revenue expenditure 2,
Ias 16 3
6  cards
Accruals and Prepayments (Week 8)
Accruals 1,
Prepayments 2,
Accrued income profit 3
4  cards
Bad Debt and Doubtful Provision (Week 9)
Bad debt 1,
Doubtful debt 2,
How to calculate new trade receiv...
4  cards
Inventory Valuation (Week 10)
What is carriage inwards 1,
What is carriage outwards 2,
Opening inventory 3
9  cards
Interpretation of Financial Statements (Week 11)
Purpose of financial statements 1,
Information required by users 2,
Limitations of ratio analysis 3
4  cards
Essay Question
The absence of relevant informati...,
Focus on providing financial info...,
Management bias in presenting fin...
4  cards

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Financial Accounting

  • Class purpose General learning

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