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Decks in this class (21)
Need to remember
Capital terminology assets equity...,
Performance ratios their formulas...,
Financial position liquidity thei...
13
cards
Introduction to Companies
Recap of types of profit focussed...,
Accounting and the business entity 2,
Company basics a legal entity for...
29
cards
Regulatory framework for company financial statements
Regulation of company financial s...,
Where do these rules and regulati...,
Legislation companies act 2006 3
15
cards
IAS 1 Presentation of financial statements – key formats
Ias1 presenting profit or loss 1,
Typical classification of expenses 2,
Statement of financial position 3
7
cards
Statement of Cash Flows
Profit and cash flow what are the...,
Cash flow profit some transaction...,
Cash flow profit some transaction...
19
cards
Interpretation of financial statements
To make decisions and provide adv...,
Needs and objectives of users 2,
Benchmarks are needed 3
14
cards
Summary of Semester 2
Nature of a company 5 2 2 1 1 1 1,
Ordinary share capital osc 5 2,
Preference share capital 3
7
cards
Accounting systems and controls
Where does the bope come in 1,
What is the purpose of bope 2 2,
The 5 main bope and what do they ...
7
cards
Accounting for Partnerships
Nature of a partnership 1,
Partnership agreement 2,
Partnership agreement 5 3
20
cards
Semester 1 Exam
What is accounting 1,
3 types of business entity 2,
Matching to calculate financial p...
99
cards
Introduction to Financial Accounting
What is accounting 1,
3 types of business entity 2,
Matching to calculate financial p...
27
cards
Bookkeeping
Three main principles 1,
Dual effect principle and car sce...,
Separate entity concept 3
15
cards
Trial Balance
Balancing an account 5 steps 1,
The trial balance a list of dr an...,
Why could the trial balance not b...
4
cards
Accruals and Prepayments
Accounting adjustments 1,
What is the iasb framework 2,
Key accounting assumptions 3
16
cards
Key Terms and concepts
Accountability 1,
Annual report 2,
Appropriation account 3
15
cards
Reading Notes
An entity s financial adaptabilit...,
Blank 2
2
cards
Bad and Doubtful debts
Bad debt some customers may never...,
Prudence what is prudence if a bu...,
Doubtful debts the accountant is ...
7
cards
Cost of sales and accounting for inventory
Adjustments needed as a result of...,
What is the double entry of an ac...,
Key accounting concept accruals 3
15
cards
Depreciation & non-current assets
Depreciation definition why do we...,
Imagine farmer john writes a cheq...,
John uses the bank a c to buy a t...
10
cards
Introduction to VAT
Types of supply 3 1,
Main principles of vat 3 2,
Accounting for vat the double ent...
6
cards
Quiz 1
Capital expenditure is expenditure 1,
Information about an entity s fin...,
The accounting equation can be wr...
5
cards
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Y1 - Financial Accounting
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