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Accounting 1.1

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

By: Matt Bartram
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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 purpose for ...,
What is the merit purpose for an ...
6  cards
Users of the Income Statement
What decision does a bank manager...,
What decision does an employee us...,
What decision does the inland rev...
4  cards
Accountants as a Career
Financial accountant,
Auditor,
Taxation accountant
7  cards
Business Structures
What is limited liability,
What is unlimited liability,
What is the difference between bu...
61  cards
Concepts Achieved
0  cards
Concepts with Merit and Excellence
Jo imported two piano s to sell i...,
Looking at the income statement o...,
Jo s music store s financial repo...
9  cards
Users of 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 is a limitation of a cash bu...
3  cards
Purpose of SOFP
What is the purpose of a statemen...,
What are the components for a sta...,
What are the limitations of a sta...
3  cards
Users of a Statement of a Financial Position
0  cards
Elements
What is the definition of an asset,
What is the definition of a liabi...,
What is the definition of equity
5  cards
Capital and Revenue Expenditure
What is the definition of capital...,
What are the three types of capit...,
What is the definition of revenue...
3  cards
Depreciation
What is the definition of depreci...,
Why is depreciation an expense,
Why is depreciation a limitation ...
4  cards

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Accounting 1.1

  • Class purpose General learning

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