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Mia Discenza
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Decks in this class (23)
1 - Nature and objective of accounting
What are the types of business en...,
What is bookkeeping,
What is accounting
10
cards
2 - Introduction to final accounts
What is a statement of profit or ...,
Examples of income and expenses,
What is opening closing inventory...
22
cards
3 - Sources, records and books of prime entry
What are source documents,
Examples of main source documents,
Sales and purchase orders
22
cards
4 - Ledger accounting and double entry
What is the nominal ledger,
What is the dual effect,
What is the sales ledger control ...
8
cards
5 - From trial balance to final accounts
What happens to ledger accounts,
How is a ledger account balanced,
What is a trial balance
4
cards
6 - Tangible non-current assets
How are non current assets common...,
What is property plant and equipment,
What is capital expenditure
34
cards
7 - Intangible non-current assets
What is an intangible asset,
How are intangible assets purchas...,
What is goodwill and what is its ...
10
cards
8 - Cost of sales and inventories
What is inventory,
How does inventory affect an account,
How is inventory recognised
23
cards
9 - Irrecoverable debts and allowances for receivables
How is an irrecoverable debt reco...,
What happens if an irrecoverable ...,
What is allowance for receivables
9
cards
10 - Accruals and prepayments
What are accrued expenses,
What are prepaid expenses,
Why must accrued expenses and pre...
9
cards
11 - Accounting for sales tax
What must registered businesses do,
What is the effect on prices of s...,
What must businesses do regularly...
25
cards
12 - Accounting for payroll
What are payroll transactions,
What is gross pay,
What are statutory deductions
19
cards
13 - Bank reconciliations
What is the cash book used for,
What is a bank statement used for,
What are the main differences bet...
5
cards
14 - Control accounts
What are the two main control acc...,
How are total credit sales record...,
How are total credit sales return...
22
cards
15 - Correction of errors
What is a trial balance,
What two types of errors occur,
List all of the errors that still...
16
cards
16 - Incomplete records
How can nominal ledger accounts b...,
What can be used for deriving mis...,
What is a margin as a cost structure
4
cards
17 - Limited company financial statements
What is an unincorporated business,
What is an incorporated entity,
What is gaap and what does it com...
17
cards
18 - Issue of shares
What are the main four headings i...,
What is an authorised share capital,
What is a nominal or face value
18
cards
19 - Manufacturing accounts
What are manufacturing accounts for,
What is opening inventory purchases,
Where does unsold inventory sit a...
13
cards
20 - Statement of cash flows
What is cash used for,
What is cash,
What are cash equivalents
12
cards
21 - Interpreting company accounts
What is the purpose of interpreti...,
Who use financial statements the ...,
What is profitability
52
cards
22 - The Conceptual Framework
What is the conceptual framework ...,
What can the conceptual framework...,
What is the objective of general ...
25
cards
23 - The regulatory system
What is company law around accoun...,
What is an audit defined as,
What are the 6 accountancy bodies
13
cards
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3. BA3 CIMA
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