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Financial Accounting

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

By: Thea Jacobsen
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Decks in this class (12)

Balance Sheet
Which type of accounts should be ...,
How to you group the assets accou...,
How to you group the liabilities ...
7  cards
Statement of Changes in Equity
What accounts should be included ...,
What is the layout of this statem...,
Example 3
3  cards
Trial Balance
What is a trial balance 1,
What s the layout of a trial bala...,
Example 3
3  cards
Income Statement
What accounts are on the income s...,
How do you format the amounts of ...,
What do you calculate at the bott...
5  cards
The Conceptual Framework
Qualitative Characteristics
11  cards
Formulas
Gross profit 1,
Operating profit 2,
Net profit 3
4  cards
Cash Flow
How is a cash flow statement orga...
1  cards
Inventory formulas
Cogs formula cost of good sold 1,
Average cost method 2,
Fifo 3
8  cards
Fraud/internal control
What are the two main types of fr...,
Internal control practices 2
2  cards
PPE and Intangibles
What is the difference between de...,
Depreciable amount formula 2,
What is impairment 3
14  cards
Shareholders Equity
What makes up shareholders equity 1,
What does the paid in capital acc...,
What does the treasury share acco...
4  cards
Cashflows
The three types of cashflow activ...,
What are operating activities com...,
What are investing activities com...
4  cards

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Financial Accounting

  • Class purpose General learning

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