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

Decks in this class (30)

Identifying errors
What can be done to prevent errors,
What is an error of commission,
What is an error of reversal
7  cards
Limited company accounts
What is a limited company,
What two types of limited company...,
What does a private limited compa...
266  cards
Introduction To The Role Of Accounitng In Business
What is financial accounting,
What is the purpose of financial ...,
What is management accounting
7  cards
Types Of Business Organisations
What is a sole trader,
What is unlimited liability,
What type of organisation have un...
16  cards
Sources Of Finance
What is owners capital,
What is partners capital,
What is a bank overdraft
7  cards
The double entry model
What are the source documents,
What other names can bank stateme...,
How many source documents are there
18  cards
The Importance Of Ethical Considerations
What are the fundamental principl...,
Examples of how the principles of...,
What legal and regulatory framewo...
77  cards
Verification of accounting records
What are some verification techni...,
What additional transactions can ...,
What can be done to correct error...
14  cards
Accounting concepts used in the preparation of accounting records
What are the general accounting c...,
What is business entity,
What is money measurement
21  cards
Partnership Accounts
What is an appropriation account,
What goes on an appropriation acc...,
What should you do to the total f...
34  cards
Budgeting
What is cash,
What is profit,
What will profit not include
104  cards
Analysis and evaluation of financial information
What are the ratios needed for ac...,
What does roce stand for,
What is the liquid capital ratio ...
22  cards
Accouting for organisations with incomplete records
When will a business be said to h...,
For what reasons will a business ...,
Why do accounts need to be produc...
49  cards
Stakeholders (3.17)
What is a stakeholder,
What are some internal stakeholders,
What are some external stakeholders
15  cards
workshop stuff and layouts of all statements
What is the point of the bank rec...,
What are unpresented cheques,
What are outstanding lodgements
67  cards
Ratios (3.17)
What areas of performance could r...,
What ratios do we need to know fo...,
What is the ratio
65  cards
Classification of cost- management accounting
What must be done so that informa...,
What does it mean if costs are cl...,
What are the 3 basic ways to spli...
42  cards
Statement Of Cash Flow
What three areas must cash flow b...,
What are operating activities,
What are investing activities
24  cards
Break even analysis
What is unit contribution formula,
What are the 2 formulas for total...,
What is contribution used for
42  cards
Break even charts
What is a break even chart,
What is step one of the break eve...,
What is step 2 of constructing a ...
13  cards
Creating all the budgets (layouts)
What are all the types of budget,
What is the layout for a sales bu...,
What is the layout of the product...
8  cards
Creating income statements And Statement Of Financial Position (layouts)o
What must the title of an income ...,
What does the income statement se...,
What are some examples of additio...
15  cards
Creating partnership accounts(layouts)
How will the income statement loo...,
What is the use of the appropriat...,
What conditions are aid out by th...
9  cards
Incomplete records answering question Ans Statment For Chnages In Equity (layouts)
Hi,
What is the title for the layout ...,
What main titles must be included...
19  cards
Costing
What can marginal costing also be...,
What costing methods do we need t...,
What can adsorption costing also ...
106  cards
Contribution statement layout
What is the first thing you shoul...,
How do you work out total variabl...,
How do you work out contribution ...
8  cards
ICT
What purposes will a company use ...,
What does sage provide accounting...,
What are the benefits of computer...
15  cards
Stock valuation statements
What does the profit statement lo...,
What does the profit statement lo...
2  cards
Standard costing
What is a standard cost,
How are standard costs different ...,
What do you compare when using st...
67  cards
Capital investment appraisal
Why are non current assets purchased,
What are some examples of nca,
Why must capital expenditure be v...
37  cards

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Accounting

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