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Financial Accounting

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

By: Bernard Osei
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Decks in this class (18)

Chapter 1&2
What is stewardship accounting 1,
What is a statement of financial ...,
What is a statement of profit or ...
30  cards
Chapter 2&3
What are the advantages to having...,
What are the disadvantages to hav...,
What is the monitoring board in a...
37  cards
Chapter 4&5
What is relevance 1,
What is faithful representation 2,
What is predictive value 3
24  cards
Chapter 6&7
What is a cash transaction 1,
What is a credit transaction 2,
Examples of cash transactions 3
29  cards
Chapter 7&8
For receipts give examples of deb...,
For payments give examples of deb...,
For capital introduced give an ex...
17  cards
Chapter 8&9
What are 5 books of prime entry 1,
For sales day book sdb give an ex...,
For purchases day book pbd give a...
17  cards
Chapter 10&11
What is the purpose of a 1,
What are the 2 main parts of a st...,
What is the purpose of trading ac...
18  cards
Chapter 12&13
How are non current assets valued 1,
What is historical costs 2,
What does the historical cost of ...
28  cards
Chapter 14&15
What is irrecoverable debts 1,
What is the ledger entries for 2,
What is an allowance 3
11  cards
Chapter 16&17
What are prepayments prepaid 1,
What is the ledger entries for pr...,
What are categories of inventorie...
19  cards
Chapter 18&19
What are different ways for doing...,
Structure of starting with the ad...,
Structure of starting with the ba...
14  cards
Chapter 20&21
What are types of errors which do...,
What are errors that do not cause...,
What are errors that cause a 3
5  cards
Chapter 22&23
What are incomplete records 1,
What are forms of incomplete 2,
What are incomplete records of 3
9  cards
Chapter 23& 24
What is the nature of partnerships 1,
What is the rights of partners pe...,
What is the sharing of profits 3
4  cards
Chapter 25&26
Unincorporated bodies sole 1,
Incorporated bodies corporate 2,
Certificate of incorporation 3
6  cards
Chapter 27&28
What is the purpose of statements...,
What is the basic structure of 2,
What is a statement of profit or ...
15  cards
Chapter 29&30
Items found in the statement of 1,
Some examples of distribution cos...,
What are 2 parts of a proforma co...
7  cards
Chapter 31&32
What is the functions of ratio an...,
What is ratio analysis 2,
What are types of accounting rati...
5  cards

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Financial Accounting

  • Class purpose General learning

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