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

By: M W

Decks in this class (14)

1. Introduction and The Statement of Financial Position (Balance Sheet)
What is the definition of account...,
What is the definition of finance 2,
What are the 3 main pillars of fi...
25  cards
2. Measuring and reporting financial performance (INCOME STATEMENT)
Equation for profit 1,
What is the layout of the income ...,
What is another name for operatin...
9  cards
1-2b. Pearson Qs
Deciding whether to produce an it...,
Consider the following forms of b...,
During the most recent accounting...
11  cards
1-2c. Pearson Test
In a limited liability company sh...,
After the accountant of ruxin eng...,
Not for profit organisations have...
11  cards
3. Measuring and reporting cash flows
What does a cash flow statement s...,
Definition of cash flows 2,
Definition of cash equivalents 3
22  cards
3b. Pearson Qs
Which one of the following items ...,
What is the immediate effect of m...,
Which one of the following change...
11  cards
4. Analyzing and Interpreting Financial Statements
What are the 5 financial ratio ty...,
What are profitability ratios 2,
What 2 groups are profitability r...
30  cards
5. Relevant Costs and Cost Volume Profit Analysis
Definition of cost 1,
What is a cost object 2,
What are relevant costs 3
21  cards
6. Full Costing
What are direct costs 1,
What are indirect costs 1,
What is overhead 2
13  cards
7. Budgeting (planning)
What is a strategic plan 1,
What are long range plans 2,
What are budgets useful for 3
12  cards
8. Accounting for control
Who sets the standards 1,
Why is it useful to have an ideal...,
What is a variance 3
16  cards
9. Making capital investment decisions
What does time value of money mean 1,
Why would a unit of currency toda...,
Suppose you deposit 100 today in ...
22  cards
10. Financing a business
What is a long term internal sour...,
What is a short term internal sou...,
What are some major long term ext...
30  cards
Extra
Why are direct and variable costs...,
What is process costing 2,
What is full costing 3
12  cards

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KCL Accouting

  • Class purpose General learning

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