This class was created by Brainscape user Elysia Ong. Visit their profile to learn more about the creator.
By:
Elysia Ong
- decks
- flashcards
- learners
Decks in this class (11)
(1) Introduction to GAAP (CF is under GAAP)
What is the conceptual framework,
What is the purpose of the cf for...,
What does the cf do
53
cards
(2) The Recording Process
Describe the general journal,
Describe the general ledger,
What are the 3 basic steps in the...
14
cards
(3) Accrual Accounting Concepts
Describe the accounting cyclehint...,
Explain the difference between ca...,
Define accrual based accounting
37
cards
(4) Merchandising Operations (Inventory Systems)
What are the differences between ...,
What is the profit measurement pr...,
How does the profit measurement p...
29
cards
(5) Recording and analysing inventories
Inventory cost flow methods
Legal title - FOB shipping point, FOB destination
LCNRV (lower cost and net realisable value)
25
cards
(6) Accounting information systems
Principles of accounting informat...,
Phases in developing an accountin...,
What is internal control
28
cards
(7) Reporting and analysing Cash & Receivables
What are the 2 methods used to ac...,
Prepare a journal entry using the...,
Prepare a journal entry using the...
38
cards
GAAP
Order of applying gaap,
Definition of asset,
Definition of expense
5
cards
From Quizzes
Cost of goods sold vs operating e...,
The financial reporting council a...,
The accounting standards by the a...
20
cards
Ratio Analysis
Operating expenses to sales ratio...,
Gross profit ratio profitability,
Credit risk ratio
3
cards
(8) Non-current assets
What are ppe assets,
What are ppe assets initially rec...,
What is fair value
25
cards
More about
ACCT1006
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Elysia Ong's ACCT1006 flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
