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kirsty kemp
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Decks in this class (19)
Chapter 1 - Intro to financial reporting
What is the purpose of the accoun...,
What two elements does accounting...,
What is recording
52
cards
Chapter 2 - The Regulatory Framework
Why do we need regulation,
What are the elements of regulation,
What are the 4 separate but relat...
12
cards
Chapter 3 - Business transactions and documentation
What are the contents and purpose...,
What are the contents and purpose...,
What are the contents and purpose...
28
cards
Chapter 4 - Recording transactions and balancing the ledgers
Money that a business entity is o...,
Money that a business entity owes,
What are the steps to balancing o...
9
cards
Chapter 5 - Returns, discounts and sales tax
What is the double entry for a sa...,
What is the double entry for a pu...,
What is a discount
19
cards
Chapter 6 - Inventory
How is gross profit calculated,
Inventory held at year end is cla...,
What is the double entry for adju...
23
cards
Chapter 7/8- Non - Current Assets: Acquisition and Depreciation
What is a non current asset,
What are some examples of tangibl...,
What are some examples of intangi...
34
cards
Chapter 9 - Intangible Assets
Ias 38 intangible assets defines ...,
An asset is identifiable if,
How can intangible assets be cons...
20
cards
Chapter 10 - Accruals and Prepayments
What is an accrual,
What is the double entry for acco...,
Accounting for an expense accrual...
13
cards
Chapter 11 - Receivables
If a cash sale has been made and ...,
If a customer sale is on credit a...,
What is an aged receivables analysis
25
cards
Chapter 12 - Liabilities
What is a liability,
What is a constructive obligation,
What is a legal obligation
20
cards
Chapter 13 - Capital Structure And Finance Costs
What are the 3 main forms of fina...,
What are ordinary equity share ca...,
What are loan notes
28
cards
Chapter 14 - Control account reconciliations
What are control accounts,
Are control accounts part of the ...,
What do control accounts help
9
cards
Chapter 15 - Bank Reconciliations
What is the purpose of a bank rec...,
What are the 3 steps for bank rec...,
Do uncleared lodgements deposits ...
7
cards
Chapter 16 - The TB, accounting error and suspense accounts
What are errors where the tb stil...,
What are errors where the tb does...,
What is error of omission
13
cards
Chapter 17 - Preparing basic financial statements
What is the process for preparing...,
What are some common adjsytemts m...,
What does ias 1 presentation of f...
21
cards
Chapter 18 - Incomplete records
What is the equation for markup,
What is the equation for margin,
What is the accounting equation
16
cards
Chapter 19 - The need for a statement of cash flows
What is a statement of cash flow,
What are the benefits of a socf,
What does the ias 7 require for socf
25
cards
Chapter 20 - Interpretation of financial statements
0
cards
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