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Accounting 1.1

This class was created by Brainscape user Andrew de Lautour. Visit their profile to learn more about the creator.

By: Andrew de Lautour
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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 the...
6  cards
Users of the Income Statement
What decision does the bank manag...,
What decision does the employee m...,
What decision does the inland rev...
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...
21  cards
Concepts-Achieved
What is the definition of an acco...,
What is the definition of monetar...,
What is the definition of a repor...
6  cards
Concepts-Merit and 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
What decision does the employee m...,
What decision does the ird make w...,
What decision does the owner make...
5  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
Users of the Statement of Financial Position
Why is a bank manager interested ...,
Why is an employee interested in ...,
Why is the ird interested in a st...
6  cards
Purposes for the Statement of Financial Position
What is the purpose of the statem...,
What are the components of the st...,
What are the limitations of the s...
3  cards
Elements-Definitions
What is the definition of and 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 the 3 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 limitation of...
4  cards

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Accounting 1.1

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Accounting
  • 30 decks
  • 864 flashcards
  • 12 learners
Decks: Exam 3, Chapter 2, Chapter 3, And more!
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