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Numeracy > Unit 5 > Flashcards

Unit 5 Flashcards

1
Q

Expenditure

A

hu

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2
Q

Income

A

hiug

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3
Q

Fixed Costs

A

hku

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4
Q

Variable costs

A

bhj

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5
Q

Accounting

A

bk

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6
Q

Composite statements of accounts in a small business or personal environment

A

vyjfj

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7
Q

Accounting cycle

A

fvjy

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8
Q

Accounting period

A

jkj

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9
Q

Accounts payable

A

yhfj

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10
Q

Accounts receivable

A

gyu

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11
Q

Accrued liabilities

A

jbj

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12
Q

Acquisitions

A

vmh

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13
Q

Additional paid-in capital

A

ftyh

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14
Q

Allowance method

A

ch

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15
Q

Amortization

A

cj

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16
Q

Annuity due

A

fyhvj

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17
Q

Authorized shares

A

vhj

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18
Q

Bonds

A

fyh

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19
Q

Book value per share

A

vh

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20
Q

Capital expenditure

A

gj

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21
Q

Capital gain

A

jg

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22
Q

Capital lease

A

hyvh

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23
Q

Capital loss

A

gjhy

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24
Q

Cash

A

fth

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25
Q

Cash equivalents

A

khnk

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26
Q

Cash flow from operations to capital expenditures ratio

A

gj

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27
Q

Common stock

A

gi

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28
Q

Compound interest

A

guuj

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29
Q

Comprehensive income

A

gu

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30
Q

Contingent liability

A

ghik

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31
Q

Contributed capital

A

hjk

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32
Q

Convertible bond

A

hj

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33
Q

Copyright

A

guu

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34
Q

Corporation

A

gjh

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35
Q

Current assets

A

bj

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36
Q

Current liabilities

A

hi

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37
Q

Current ratio

A

ikhik

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38
Q

Debt-to-assets ratio

A

vj

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39
Q

Deferred taxes

A

th

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40
Q

Defined benefit plan

A

hujh

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41
Q

Defined contribution plan

A

jb

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42
Q

Depletion

A

nj

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43
Q

Depreciation

A

b

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44
Q

Goodwill

A

hj

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45
Q

Gross profit method

A

nj

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46
Q

Inventory

A

nm

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47
Q

Notes payable

A

hj

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48
Q

Ordinary annuity

A

hjk

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49
Q

Outstanding shares

50
Q

Par value

51
Q

Partnership

52
Q

Patents

53
Q

Pension obligations

54
Q

Periodic inventory system

55
Q

Perpetual inventory system

56
Q

Preferred stock

57
Q

Price-earnings ratio (P/E ratio)

58
Q

Purchase discount

59
Q

Quick ratio

60
Q

Raw materials

61
Q

Retail inventory method

62
Q

Return on assets ratio

63
Q

Return on common stockholders’ equity ratio

64
Q

Revenue expenditure

65
Q

Simple interest

66
Q

Sole proprietorship

67
Q

Solvency

68
Q

Source documents

69
Q

Specific identification method

70
Q

Stock

71
Q

Stock split

72
Q

Treasury stock

73
Q

Units-of-production method

74
Q

Weighted average cost inventory method

75
Q

Work in process

76
Q

Revenue

77
Q

Expenses

78
Q

Operating Expenses

79
Q

Fixed Costs

80
Q

Variable Costs

81
Q

Cash versus Accrual Accounting Methods

82
Q

Depreciation

83
Q

Interest Expenses

84
Q

Income Tax and other Statutory Taxes

85
Q

Concept of Cost

86
Q

Cost Objective

87
Q

Definition of cost

88
Q

Full Cost

89
Q

Direct costs

90
Q

Indirect costs

91
Q

Measurement of Direct Costs

92
Q

Direct Labour Cost

93
Q

Direct Material Cost

94
Q

Distinction between Direct and Indirect Costs

95
Q

Nature of Allocation

96
Q

Cost Accounting Systems

97
Q

The Sales Process and Finance

98
Q

Delivery Documentation

99
Q

A Delivery Advice

100
Q

A Delivery Note (Proof of Delivery)

101
Q

Invoicing

102
Q

The Importance of Accounting

103
Q

The Accounting Cycle

104
Q

Double-entry Bookkeeping

105
Q

The Elements of an Accounting System

106
Q

Documentation of Data

107
Q

Recording (Journalising) of Data

108
Q

Different Types of Journals

109
Q

Processing of Journalised Entries

110
Q

Asset Accounts

111
Q

Liability Accounts

112
Q

Analysing Transactions

113
Q

Posting Transactions to the General Ledger

114
Q

Statements of Account

115
Q

Errors and Reconciliations

116
Q

Common Errors

117
Q

Profit

118
Q

Accounting Period

119
Q

Direct Costs - Cost of Sales (COS)

120
Q

Indirect Costs

121
Q

Mark-up

Numeracy (5 decks)

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