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Fundamentals of Accounting, Business and Management 1

This class was created by Brainscape user Arvie Alignay. Visit their profile to learn more about the creator.

By: Arvie Alignay
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Decks in this class (10)

Module 1: Intro to Accounting
What are the three ancient civili...,
Who is the friend of leonardo dav...,
What led to the development of ac...
11  cards
Module 1: Users of Financial Information and Types of Business Organizations
What is a financial accounting an...,
What is the classification of use...,
How do the users of financial inf...
7  cards
Module 2: Fundamental Accounting Concepts
What are the fundamental accounti...,
What is entity concept,
What is going concern
6  cards
Module 2: Generally Accepted Accounting Principles
What are the generally accepted a...,
What is cost historical principle,
What is conservatism principle
9  cards
Module 2: Financial Statements
What is a financial statement,
What is an income statement,
What is a statement of financial ...
6  cards
Module 2: Qualitative Characteristics of Financial Statements
What are the basic qualitative ch...,
What are the enhancing qualitativ...
2  cards
Module 3: Accounting Equation & Account Classification
Accounting equation,
What are assets,
What are current assets
8  cards
Module 4: Accounting Cycle of a Service Business
What is journalization,
What is a journal,
What is a general journal
8  cards
Module 5: Payroll Accounting
True or false businesses are lega...,
True or false employment contract...,
What is the compensation to emplo...
11  cards
Module 5: Promissory Notes
This is a written promise by a ma...,
What type of account is interest ...,
This is the percentage multiplied...
10  cards

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Fundamentals of Accounting, Business and Management 1

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