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

Decks in this class (12)

Week 1 - What is accounting
What is accounting,
What type of performance informat...,
What qualitative characteristics ...
10  cards
Week 2
What is meant by reporting bounda...,
What is the accounting entity con...,
What is a subsidiary and how shou...
19  cards
Week 3 - cost behavious
What information is produced by m...,
How does management accounting us...,
What is the function of managers
27  cards
Week 4 - external reporting
For a business what does being so...,
What does social reporting mean,
What does environmental reporting...
12  cards
Week 6 - Financial accounting
Why disclose financial accounting...,
Whom to disclose financial accoun...,
What to disclose within financial...
27  cards
Week 7 - Journals and ledgers
What does the process of generati...,
What is the purpose of source doc...,
What is a journal
13  cards
Week 8 - Adjusting entries
Why are adjusting entries require...,
What are the 5 types of adjustmen...,
How is the adjusting entry income...
12  cards
Week 9 - balance sheet
What purpose does a balance sheet...,
Why do we prepare a balance sheet...,
What steps are involved in prepar...
12  cards
Week 10 - Income statement
Purpose of income statements plus...,
Why produce income statements,
Whom receives income statements
11  cards
Week 11 - Cash Flow
What is the cash flow statement,
Why produce a cash flow statement,
Define cash equivalents
12  cards
Week 12 - Analysis of reports
What is the role of financial sta...,
What is the simply comparison method,
What is the ratio analysis method
11  cards
Exam revision
What does the balance sheet show ...,
Why is measuring assets important,
What is the allowance for doubtfu...
19  cards

More about
ACC106

  • Class purpose General learning

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