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Verity Russell
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Decks in this class (18)
Lecture 1
Define accounting,
Accounting is a systematic way of,
W
34
cards
Elements of Financial Statements
What kind of element is a trade r...,
What kind of element is a trade p...,
What kind of element is tax
13
cards
Current Asset Definition
What 4 conditions make the defini...,
What is the first condition that ...,
What is the first condition that ...
4
cards
Current v Non-Current Assets
How should we classify property p...,
How should we classify inventory ...,
How should we classify cash as a ...
5
cards
Current Liability Definition
What is the first,
What is the first condition that ...,
What is the first condition that ...
4
cards
Current v Non-Current Liabilities
How should we classify as a curre...,
How should we classify tax payabl...,
How should we classify a bank loa...
4
cards
The Accruals Concept
How does cash accounting recognis...,
How does cashing accounting recog...,
How does accruals accounting reco...
4
cards
Measuring Elements of the Statement of Profit or Loss
How should we measure revenue,
How should we measure cost of sales,
How should we measure distributio...
5
cards
Financial Statements
Define an income statement statem...,
Balance sheet statement of financ...,
Cash flow statement
4
cards
Assets, Liabilities and Equity
Define an asset,
Why are assets bought or created,
What is a current asset
13
cards
Trade Payables and Receivables
What is a trade receivable,
What is a trade payable
2
cards
Components of Equity
Share capital and share premium,
Retained earnings and other reserves
2
cards
PEARLS Mnemonic
What does p stand for,
What does e stand for,
What does a stand for
8
cards
Introduction to Management Accounting I
Who are the 8 users of accounting...,
How does drury identify managemen...,
How do langfield smith thorne and...
18
cards
Introduction to Management Accounting II
What are the characteristics of u...,
What should information provision...,
What are some problems with infor...
11
cards
Financial and Management Concepts/Traits
Nature of data,
What is the objective of financia...,
What is the objective of manageme...
11
cards
Cost Concepts
What is cost classification,
What is the cost objective object,
What are some of the reasons cost...
14
cards
More Cost Definitions
What are costs in financial accou...,
What is the change in our focus o...,
Define direct materials
16
cards
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Fundamentals of Financial and Management Accounting
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