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ACC1100 - ACF1100 - Introduction to Financial Accounting

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

By: Ayaan Zia
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Decks in this class (9)

Topic 1 - An Introduction to Accounting - Flashcards
Define accounting oxford basic 1,
Define accounting detailed 2,
What are the 3 main roles of acco...
21  cards
Topic 2 - The Elements of Accounting
What are the 3 range of resources...,
What are the 6 key assumptions co...,
What are the 2 categories of qual...
24  cards
Topic 3 - Recording Information (Part 1)
What s the basic accounting equat...,
What s the extended accounting eq...,
What s the accounting equation th...
19  cards
Week 4 - Topic 3 - Recording Information (Part 2)
What are general journals used for 1,
When are special journals used 2,
Where are totals transferred from...
14  cards
Week 5 - Topic 5 - Recording information (part 3)
What are balance day adjustments 1,
What are the 2 main types of bala...,
Define accruals in terms of balan...
31  cards
Week 6 - Topic 6 - The role of technology in accounting
Name 5 advantages and disadvantag...,
What are the 3 most common packag...,
What are the 3 most common packag...
11  cards
Week 7 - Topic 7 - Accounting for Inventory
Define service entities 1,
Define trading entities 2,
What is the relationship between ...
16  cards
Week 8 - Topic 8 - Accounting for non-current assets
What are the 4 conditions must be...,
What is an example of a non curre...,
Using a wind turbine as an exampl...
17  cards
Week 9 - Topic 9 - Accounting for Liabilities
What are the 3 criteria that must...,
Define the term obligation 2,
Name the 3 economic resources tha...
16  cards

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ACC1100 - ACF1100 - Introduction to Financial Accounting

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