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

Decks in this class (16)

1: Introduction
What are the two elements of acco...,
Who are interested parties who co...,
What is a full set of financial s...
33  cards
EVERYDAY
Write out everything in a stateme...,
Write out everything in a stateme...,
Depreciation double entry
6  cards
6: CoS, Accruals and Prepayments
Where does closing inventory live...,
What is the correct double entry ...,
Define delivery inwards and deliv...
16  cards
8: NCAs and Depreciation
What are included in the costs of...,
Are assets under a lease agreemen...,
The correct double entry to recor...
22  cards
8: Accounting Systems and VAT
Detail the sales cycle,
Detail the purchases cycle,
What different modules are there ...
15  cards
11: Reconciliations
What are reconciliations used for...,
What can be included in a receiva...,
What s the double entry for contra
10  cards
14: Company Financial Statements
Difference between private and pu...,
Difference in entities between ll...,
Difference in liability between l...
29  cards
9: Irrecoverable Debts and Allowances
What is an irrecoverable debt and...,
How to account for id that actual...,
What is an allowance and how is i...
7  cards
2: The Accounting Equation
What is the accounting equation a...,
Define non current assets and cur...,
What are non current and current ...
7  cards
12: Errors and Suspense Accounts
What are the five types of errors...,
What is an error of omission,
What is an error of commission
9  cards
13: UK GAAP
What is gaap who made it what doe...,
Who can use gaap,
What does the companies act requi...
23  cards
3: Double Entry Bookkeeping
How can you remember what is a de...,
How to record inventory throughou...,
The four steps to balance off a l...
5  cards
4: Preparing Financial Statements
What are the two types of returns,
What is the double entry for a sa...,
What is the double entry for purc...
10  cards
5: The Conceptual Framework
What are the two international ac...,
What is the conceptual framework,
What is the objective of financia...
21  cards
15: Cash Flows
What is the difference between ne...,
Is cash flow more important than ...,
What are the 7 benefits of cash f...
14  cards
7: Inventory
What is the double entry to recor...,
What does inventory include and w...,
How is inventory valued
3  cards

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Accounting

  • Class purpose General learning

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Decks: Chapter 1, Powerpoint 1, Powerpoint 2, And more!
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