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Accounting 1.1

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

By: Peter Trolove
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Decks in this class (13)

Purpose of Accounting and Financial Statements
What is the purpose of accounting,
What is the achieved purpose of a...,
What is the merit answer of an in...
6  cards
Users of an Income Statement
What decision does a bank manager...,
What decision does a employee mak...,
What decision does the ird make w...
6  cards
Accountants as a Career
Define a financial accountant,
Define an auditor,
Explain the difference between a ...
11  cards
Business Structures
What is limited liability,
What is unlimited liability,
What is the difference between bu...
20  cards
Concepts - Achievement
What is the definition of an acco...,
What is the definition of a monet...,
What is the definition of a repor...
6  cards
Concepts - Merit-Excellence
How does the accounting entity co...,
How does the accounting entity co...,
How does the accounting entity co...
13  cards
Users of a Cash Budget
Why is the bank manager intereste...,
Why is the employee interested in...,
Why is the ird interested in the ...
5  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 a Statement of Financial Position
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 bank manager interested in...,
Why are employees interested in a...,
Why is the ird interested in a st...
6  cards
Elements Definitions
What is the definition of an asset,
What is the definition of a liabi...,
What is the definition of owners ...
5  cards
Capital and Revenue Expenditure
What is the definition of capital...,
What are 3 types of capital expen...,
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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