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Accounting 1.1

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

By: Kale Thatcher
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Decks in this class (14)

Purposes of Accounting and Financial Statements
What is the purpose of accounting,
What is the achieved purpose of a...,
What is the merit answer for purp...
6  cards
The Users of the 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
The Minimum you need to write for tasks of accountant
Financial accountant,
Taxation accountant,
Cost accountant
6  cards
Business Structures
What is limited liability,
What is unlimited liability,
What is the difference between bu...
20  cards
Concepts-Achieved
The definition of accounting entity,
The definition of monetary measur...,
The definition of reporting period
6  cards
Concept-Merit/Excellence
Jo imported two piano s to sell i...,
Looking at the income statement o...,
Jo s music stores are divided int...
13  cards
Users of a cash budget
Why is the bank manager intereste...,
Why are the employees interested ...,
Why is the ird interested in a ca...
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
Purposes 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 the bank manager intereste...,
Why is the ird interested in a st...,
Why is the employees interested i...
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 three types of capital e...,
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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