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Accounting- First Year

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

By: Tara Dakin
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Decks in this class (10)

Week 1 - The Accounting Environment
Define accounting,
What is the purpose of accounting,
What are the three steps in the a...
36  cards
Week 2 - Classification and Analysis of Business Transactions
What are the three components tha...,
What is the recognition criteria ...,
What are the three components tha...
23  cards
Week 3 - Business Transactions in Journals and Ledgers
Define the general journal,
Define the general ledger,
Define an account
14  cards
Week 4 - Accounting for GST and PAYG
What is the gst,
What is an acn,
What is an abn
25  cards
Week 5 - Trial Balances and Balance Day Adjustments
What is a trial balance,
How are the accounts listed in a ...,
What are the steps in order to pr...
22  cards
Week 6 - Preparation of Financial Statements
What is an income statement,
What is the income statement equa...,
What is the income statement format
27  cards
Week 7 - Business Planning - Operating and Financial Budgets
What is a budget,
What are benefits of budgeting,
What makes for a good effective b...
13  cards
Week 8 - Costs
What is strategic management acco...,
Explain environmental management ...,
Explain target costing and ts fou...
22  cards
Week 9 - Analysis and Interpretation of Financial Statements
Explain comparison in financial a...,
Explain horizontal analysis,
Explain vertical analysis
24  cards
Week 10 - Contemporary Accounting Issuse
Efficient market hypothesis,
Fundamental qualitative character...,
Fundamental qualitative character...
22  cards

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Accounting- First Year

  • Class purpose General learning

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