AcF100 - Accounting (new)

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

Decks in this class (13)

Week 1 - Introduction, the accounting entity and the financial statements
0  cards
Week 2 - Accounting concepts, rules and the accounting equation
0  cards
Week 3 - Recording transactions, double-entry bookkeeping and the trial balance
0  cards
Week 4 - Income and expenses, accruals and prepayments
0  cards
Week 5 - Non-current assets
0  cards
Week 6 - Accounting for inventory and credit loss/ bad debts
0  cards
Week 7 - Preparing the financial statements and internal controls
0  cards
Week 8 - The statement of cash flows
What is the statement of profit o...,
What components are included in t...,
What is the statement of financia...
109  cards
Week 8 - The statement of cash flows Pt2
What are financing activities in ...,
What are the main cash flows from...,
Why is it important to separately...
24  cards
Week 9 - Accounting for companies: format of financial statements, capital and liabilities
What are the main types of busine...,
What are the features of a sole t...,
What are the features of a partne...
63  cards
Week 9 - Accounting for companies: format of financial statements, capital and liabilities Pt2
What is a contingency in accounti...,
What is a contingent gain or loss 2,
How are contingent losses recogni...
84  cards
Week 10 - Accounting for partnerships and Incomplete records
What is the legal definition of a...,
What is an ordinary general partn...,
What does unlimited liability mea...
81  cards
Week 10 - Accounting for partnerships and Incomplete records Pt2
What are incomplete records in ac...,
Why might a small business keep i...,
What challenges do incomplete rec...
52  cards

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AcF100 - Accounting (new)

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