Accounting principals and procedures - lvl 1 Flashcards
1
Q
What are the three types of financial statement you may come across relating to a company?
A
2
Q
What is an asset / liability?
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3
Q
Can you give me an example of an asset / liability?
A
4
Q
What is the difference between a financial and a management account?
A
5
Q
What do you understand by the term Generally Accepted Accounting Principles (GAAP)?
A
6
Q
How would you assess the financial strength of an entity?
A
7
Q
What does a CreditSafe report look like?
A
8
Q
What is e-data security?
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9
Q
How do you ensure data security?
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