Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

X Accounting > Accounting procedures > Flashcards

Accounting procedures Flashcards

1
Q

What is financial accounting

A

Collating and summarising financial information for reporting purposes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
1
Q

What is managerial accounting

A

Collating a firm’s commercial information to enable managers to guide their team/company towards their goals

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Who must firms share their accounts with

A

Shareholders
People who can go to the company’s general meetings
Companies house
HMRC

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What act requires companies submit their accounts

A

Companies act 2006

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

X Accounting (5 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions