This class was created by Brainscape user Erving Indraputra. Visit their profile to learn more about the creator.
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Decks in this class (17)
Topic 1: Nature and Purpose of Accounting
What is the monetary concept,
What is the accounting entity con...,
What is accounting and its role
3
cards
Topic 2: Types of Businesses
What is income statement,
What is statement of changes in e...,
What is balance sheet
15
cards
Topic 3: The Accounting Equation
What is the accounting equation,
What are assets,
What are liabilities
7
cards
Topic: 4 Financial Statements
What is income statement,
What is statement of changes in e...,
What is balance sheet
34
cards
Topic 5: Accounting Cycle and Double Entry
What is accounting,
What is a transaction,
What is the accounting cycle
14
cards
Topic 6: Adjustments to income and expenses
What are end of period adjustments,
What is the matching principle,
What is the matching principle
20
cards
Lesson 7: Inventories
What is cost of inventories,
What are costs of conversions,
What are common inventory related...
31
cards
Lesson 8: Trade Receivables
Note some credit customers may ru...,
What are the objective evidence o...,
What is default
10
cards
Lesson 9: Property, Plant, and Equipment
What is property plant and equipm...,
What are the common types of ppe,
What are capital expenditures
30
cards
Topic 22: CVP Analysis
What is the cost volume profit cv...,
What are fixed costs,
What are variable costs
18
cards
Topic 10: Correction of Errors
1
cards
Lesson 11: Cash on Hand and Cash at Bank
What is cash used for,
What are the possible reasons for...,
Note cheques have a validity peri...
8
cards
Lesson 12: Financial analysis I
What is the purpose of financial ...,
What are the types of financial a...,
What is horizontal analysis
8
cards
Lesson 13: Shareholder's equity
What are the features of a company,
What are the two major parts of t...,
What are the types of capital res...
23
cards
Lesson 14: Liabilities
Note interest falls under other e...,
Note when calculating interest ex...,
Note always remember that interes...
12
cards
Lesson 15: Statement of Cash Flows
What are cash equivalents,
What are the classifications of c...,
What are operating activities
7
cards
Lesson 17: Incomplete records
1
cards
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paa
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