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Sarah chandler
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Decks in this class (21)
1. the accounting scene
Accounting elements,
Objective of accounting,
Financial statements
26
cards
2. The Framework of Financial Statements
Separate entity convention,
Accounting equation,
Asset
22
cards
3. Double entry bookkeeping
Ledger accounts,
Dead clic,
Pearls
7
cards
4. From trial balance to financial statements
Calculating the balance on the ac...,
Preparing the trial balance,
Errors of omission
12
cards
5. Accounting for returns, carriage and discounts
Credit sales returns,
Cash sales returns,
Credit purchase returns
12
cards
6. Accounting for indirect taxes and payroll
Output tax,
Input tax,
Net of output and input tax
9
cards
7. Accounting for accruals and prepayments
Accrued expenses,
Prepaid expenses,
Accrued income
4
cards
8. Accounting for irrecoverable debts and allowances for receivables
Irrecoverable debts,
Accounting for irrecoverable debts,
Part payment of an irrecoverable ...
7
cards
9. Inventory
Inventory consists of,
Year end adjustments,
Inventory brought forward from pr...
9
cards
19. The financial statements of single entities (company accounts)
Statement of changes in equity,
Ias1 presentation of financial st...,
Statement of profit or loss and o...
16
cards
18. Manufacturing account
Bought in goods,
Finished goods,
Work in progress
13
cards
17. Income and expenditure statements
Profit or loss,
Spl,
Revenue
9
cards
10. Non current assets: aquisiton and depreciation
Non current assets,
Tangible non current assets,
Non tangible current assets
25
cards
11. Non Current Assets: Disposal and Revaluation
Loss on disposal,
Profit on disposal,
Accounting for disposal step 1
15
cards
12. Preparation of financial statements with adjustments
Steps to trial balance 1,
Steps to trial balance 2,
Steps to trial balance 3
5
cards
13. Organising the bookkeeping system
Sales ledger,
Purchase ledger,
Cash book
15
cards
14. Controlling the bookkeeping system
The need for financial controls,
Authorisation procedures,
Documentation
19
cards
16. Incomplete records
Calculate missing numbers,
Accounting equation,
Change in capital can only be cau...
11
cards
20. The statement of cash flow
Statement of cash flow,
Why does profit earned not equal ...,
Presentation of the statement of ...
11
cards
21. The interpretation of financial statements
Ratios,
Using ratios,
Types of ratios
23
cards
Final Ones
Fundamental qualitative character...,
Enhancing qualitative characteris...,
Vertical presentation of the sfp
55
cards
More about
CIMA C02 Financial accounting
- Class purpose General learning
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