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Accounting 1.1

This class was created by Brainscape user George Acton - Adams. Visit their profile to learn more about the creator.

By: George Acton - Adams
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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 answer for purp...
6  cards
Users of The Income Statement
What decision does a bank manager...,
What decision does a employee mak...,
What decision does a ird make wit...
6  cards
Accountants as a Careers
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 - Achieved
What is a accounting entity,
What is a monetary measurement,
What is a reporting period
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
0  cards
Purposes of a Cash Budgets
What is the purpose of a cash budget,
What is the components of a cash ...,
What is a limitation of a cash bu...
3  cards
Purpose of 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 Statement
Why is a bank manager interested ...,
Why are employees interested in a...,
Why are the ird interested in a s...
6  cards
Elements
What is the definition of a 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 depreca...,
Why is depreciation an expense,
Why is depreciation a limitation ...
4  cards

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Accounting 1.1

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