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Financial accounting

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

By: Unknown Unknown
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Decks in this class (11)

Lecture 1 -
Financial accounting vs managemen...,
Name the 3 types of business enti...,
Define assets
14  cards
Lecture 2 - Recording business transactions
Define a business transaction,
Mention the 8 steps of the accoun...,
Mention 6 different types of assets
10  cards
Lecture 3 - Accrual Accounting and Presentation of Financial Statements
Describe when revenue and expense...,
What are the implications of usin...,
What does the time period concept...
20  cards
Lecture 4 - Internal Control, Cash and Receivables
Define fraud,
Mention 2 common types of fraud a...,
Mention and explain the 3 element...
15  cards
Lecture 5 Inventories and merchandising operations
Inventories and merchandising operations
14  cards
Lecture 6 - Property, plant, equipment and intangibles
Define long term assets,
Define ppe,
Describe the 4 step process of ac...
17  cards
Lecture 7 - Investments
What is an investment and mention...,
Mention 3 reasons that companies ...,
Mention the 3 types of equity inv...
11  cards
Lecture 8 - Liabilities
When are liabilities recognized o...,
Define short term and long term l...,
Mention 10 common types of liabil...
15  cards
Lecture 9 - Shareholders' Equity
Mention 5 advantages and 3 disadv...,
Mention the typically 5 top layer...,
Mention and define the 4 sharehol...
20  cards
Lecture 10 - Cash Flows
Mention the 2 types of cash and e...,
Mention 4 purposes of the cash fl...,
Operating activities 1 what do th...
7  cards
Lecture 11 - Financial Statement Analysis
Describe the horizontal analysis ...,
Describe vertical analysis and it...,
Mention 4 commonly used financial...
8  cards

More about
Financial accounting

  • Class purpose General learning

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