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BOMI Budgeting and Accounting

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

By: Michael Hodge
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Decks in this class (14)

Chapter 1
What is bookkeeping,
What is accounting,
What is budgeting
43  cards
Chapter 2
Why is record keeping important,
What purpose do records serve,
Why is attention to accounts paya...
25  cards
Chapter 3
What is base rent,
What is additional rent,
What are sundry billings
25  cards
Chapter 4
What is the expenditure cycle,
What services are covered under a...,
What is the formula fr determinin...
23  cards
Chapter 5
What is cash disbursement,
What is the formula for reconciin...,
Why would the bank have a record ...
23  cards
Chapter 6
What is a profit and loss statement,
What is accrual basis accounting,
What happens if revenue recorded ...
33  cards
Chapter 7
What are three norms or benchmark...,
What is a material exception,
Explain budget comparisons
19  cards
Chapter 8
What are financial ratios,
Define earning power,
Define liquidity
31  cards
Chapter 9
Why is it important to control ex...,
What is a fixed cost,
What is a variable cost
27  cards
Chapter 10
Which document is a frequent sour...,
What is the property or facility ...,
What is base rent
36  cards
Chapter 11
What is an operating expense esca...,
Why are the operating expense esc...,
Describe a net lease
37  cards
Chapter 12
What are the six steps of develop...,
What information should be gather...,
How should base rent be budgeted
21  cards
Chapter 13
What factors affect how an expens...,
Why are detailed explanations for...,
Where should expenses be budgeted...
18  cards
Chapter 14
What is capital budgeting,
What is the purpose of capital im...,
What is budgeting capital
17  cards

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BOMI Budgeting and Accounting

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