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Tom Evans
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Decks in this class (29)
Random
What is the definition of an asso...,
In consolidations under which cir...,
In a consolidated statement of fi...
100
cards
1. Introdction to Accounting
What is the definition of accounting,
What is an alternate name for the...,
What are the two main financial s...
11
cards
2. The Statement of Financial Position and Income Statement
What does the statement of financ...,
What is are assets,
What are liabilities
51
cards
3. Double Entry Bookkeeping
What are ledger accounts,
What is an alternate name for the...,
What is the nominal ledger
16
cards
4. Accruals and Prepayments
What is a prepayment,
What is an accrual accrued expense,
What is step 1 when entering prep...
10
cards
5. IAS 7: Provisions, Contingent Liabilities and Contingent Assets
What is a provision,
What is a contingent liability,
How likely does a provision need ...
17
cards
6. Depreciation
What is a non current asset,
In which statement is depreciatio...,
What is straight line depreciation
21
cards
7. IAS 16: Property, Plant and Equipment
What are the conditions for recog...,
Over what period is depreciation ...,
What happens to an upward and dow...
5
cards
8. Irrecoverable Debts and Allowances
What is an irrecoverable debt,
What is a doubtful debt,
How are irrecoverable debts treat...
7
cards
9. Inventory and IAS 2: Valuation of Inventory
When is inventory accounted for,
What is step 1 when accounting fo...,
What is step 2 when accounting fo...
15
cards
10. Books of Prime Entry
What are the books of prime entry,
What are the five main books of p...,
What is recorded in the cash book
16
cards
11. Journal Entries
What is a journal entry,
Where are journal entries recorded,
What is the format of a journal e...
4
cards
12. Sales Tax
What is vat,
What is output tax,
When would a business add tax to ...
10
cards
13. Accounting for Limited Companies
What are the 4 key features of a ...,
What are the four main difference...,
What is the statement of changes ...
34
cards
14. Statement of Cash Flows
According to ias 7 what are compa...,
What is a statement of cash flows,
What are the two methods of prepa...
8
cards
15. Bank Reconciliations
What does a debit credit on a ban...,
What is a bank reconciliation,
What is an unpresented cheque
12
cards
16. Control Accounts
What is the receivables ledger co...,
What are the three special entry ...,
What is a contra entry
4
cards
17. Adjustments to Profit and Suspense Accounts
What is the suspense account
1
cards
18. Mark-up and Margins
What is a mark up,
What is a gross profit margin
2
cards
19. Accounting Conventions and Policies
0
cards
20. IAS 10: Events after the Reporting Period
What are events after the reporti...,
What is an adjusting event,
What is a non adjusting event
3
cards
21. Intangible Assets: Goodwill, Research and Development
What are two common intangible as...,
What is goodwill,
What is purchased goodwill
12
cards
22. Group Accounts: The Consolidated Statement of Financial Position (1)
What are consolidated accounts,
When are consolidated accounts re...,
What is a parent company
12
cards
23. Group Accounts: The Consolidated Statement of Financial Position (2)
How is the fair value of non cont...,
How to calculate goodwill arising...,
How is the amount owing to non co...
5
cards
24. Group Accounts: The Consolidated Income Statement
What is the aim of the consolidat...,
How is inter entity trading dealt...,
How are sales at a profit within ...
3
cards
25. Group Accounts: Further Points
When does control exist of a company,
What is an associate company,
When is a company an associate
3
cards
26. Interpretation of Financial Statements
0
cards
27. Regulatory Framework
What is the international account...,
What,
What is the international account...
7
cards
28. Business Documentation
What is a quotation,
What is a sales order,
What is a purchase order
10
cards
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Financial Accounting
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