Finance Cycle Flashcards
1
Q
What are the two funding types?
A
Debt funding
Equity funding
2
Q
What are 4 finance cycle controls?
A
Planning
Authorisation
Appraisal
Implementation and review
3
Q
What can lessees not recognise?
A
Right-of-use assets for short-term or low value loans
4
Q
What provisions are made?
A
Liabilities of uncertain timing
5
Q
What is a debenture?
A
Financial instrument used to raise finances, without security
