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Accounting 1.1

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

By: Scott Harris
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Decks in this class (13)

Purposes of Accounting and Financial statements
What is the purpose of accounting,
What is the achieved answer porpu...,
What is the merit answer porpuse ...
6  cards
Users of the income statement
What decision does a bank manager...,
What decision does an employee us...,
What decision does the ird use th...
6  cards
Accountants as a career
Financial accountant,
Auditior,
Taxation accountant
11  cards
Business structures
What is limited liability,
What is unlimited liability,
What is the difference between bu...
21  cards
Concepts achieved
Accounting entity,
Monetary measurement,
Reporting period
6  cards
Concepts Merit and Excellent
How does the entity concept get a...,
How does the entity concept get a...,
How does the entity concept get a...
11  cards
Users of a cash budget
0  cards
Purposes of a cash budget
What is the purpose of a cash budget,
What are the components of a cash...,
What are the limitations of a cas...
3  cards
Statement of financial postiton
What is the purpose of a statemen...,
What are the components of a stat...,
What are the limitations of a sta...
3  cards
Users of a statement of financial position
Why is a bank manager interested ...,
Why is a employee interested in a...,
Why is the ird interested in a st...
5  cards
Elements - Definitions - achieved
What is the definition of an asset,
What s the definition of a liability,
What is the definition of owners ...
5  cards
Capital and Revenue Expenditure
What is the definition of capital...,
What are the 3 types of capital e...,
What is the definition of revenue...
3  cards
Deprection
What is the definition of depreca...,
Why is depreciation an expense,
Why is deprecation a limitation o...
4  cards

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Accounting 1.1

  • Class purpose General learning

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