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Monique Lawrence
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Decks in this class (26)
1.1 Introduction to Taxation
Governments need tax revenues to,
Governments can use taxes to,
In wealth of nations adam smith p...
14
cards
1.2 Direct taxes and Indirect taxes
Types of direct taxes,
Tax on trading income,
The standard pro forma for calcul...
21
cards
1.3 Employee taxation & Administration of taxes
Income tax,
Benefits in kind are,
Deductible expenses from income tax
20
cards
2.1 Corporate income tax & Capital taxes
Standard pro forma to calculate c...,
The accounting profit,
Income exempt from tax or taxed u...
20
cards
3.1 International taxation
Opportunities offered by the digi...,
Corporate residence,
A company can be resident for tax...
17
cards
4.1 The regulatory environment & International financial reporting standards
Need for regulation,
Elements of a regulatory environment,
Gaap generally accepted accountin...
20
cards
5.1 Code of ethics
What are ethics,
Why are ethics important,
Cima s code of ethics
18
cards
6.1 Corporate governance
Corporate governance,
Corporate governance concerns mat...,
Approaches to corporate governance
23
cards
7.1 The conceptual framework (1)
The conceptual framework for fina...,
Purpose of the framework is to,
What does the framework cover
17
cards
7.1 The conceptual framework (2)
Chapter 3 financial statements an...,
Objectives of financial statements,
The financial statements that pro...
19
cards
7.3 The conceptual framework (3)
Chapter 6 measurement of the elem...,
There are a number of ways to mea...,
Historical cost of asset liability
18
cards
8.1 Introduction to single entity accounts
Ias1 presentation of fs,
Purpose of fs,
Contents of complete set of fs
19
cards
9.1 IAS 16 Property, plant and equipment
Property plant and equipment are ...,
Carrying amount,
Cost
17
cards
9.2 IAS 16 Revaluations & IAS 36 Impairment of assets
The revalued amount of an asset is,
Ifrs 13 defines fair value as,
Steps to account for revaluation
14
cards
10.1 IFRS 5 Non current assets held for sale
Non current assets held for sale,
Ifrs 5 assets will be treated as ...,
A sale is highly probably if all ...
6
cards
11.1 IFRS 16 Leases
Ifrs 16 leases,
Definition of lease,
Definition of lessor
17
cards
12.1 IAS 2 Inventories and IAS 10 Events after the reporting period
Ias 2 inventories are assets that...,
Measurement of inventories,
Calculation of costs if inventory...
11
cards
13.1 IAS 7 Statement of cash flows
The statement of cash flows is an...,
Ias 7 definition cash,
Ias 7 definition cash equivalents
15
cards
14.1 Short term finance
Management of short term finance,
Types of short term financing,
Trade payables
27
cards
14.2 Short term investments
Reasons for short term investing,
Cash surpluses can be invested a ...,
Criteria that should be considere...
10
cards
15.1 Working capital management
Working capital is the,
Working capital calculated as,
Working capital management is the
21
cards
15.2 Working capital ratios
Working capital ratios,
Calculating working capital cycle...,
Calculation of working capital cy...
12
cards
16.1 Working capital management - Accounts receivable (1)
The receivables balancing act,
The problem with selling on credit,
The optimum level of trade credit...
21
cards
16.2 Working capital management - Accounts receivable (2) and payable
Accounts receivable factoring,
Services offered by the factor en...,
Typical factoring arragement
12
cards
17.1 Working capital management - Inventory control
The objectives of inventory manag...,
Inventory balancing act between,
The costs of high inventory level...
21
cards
18.1 Working capital management - Cash control
Reasons for holding cash readily ...,
Failure to carry sufficient cash ...,
The key principles of cash manage...
9
cards
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2 - f1 - financial reporting
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