This class was created by Brainscape user Verity Russell. Visit their profile to learn more about the creator.
By:
Verity Russell
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Decks in this class (15)
Week 1 - History of Accounting
How many milenia has accounting b...,
When did double entry bookkeeping...,
Who is the father of accounting
5
cards
Week 1 - Financial vs Management Accounting
What does financial accounting se...,
What does financial accounting do,
Why do their need to be rules and...
15
cards
Week 1 - What are Financial Statements
What is a financial statement a m...,
What are the three types of finan...,
What does an income statement pro...
9
cards
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0
cards
Week 2 - Assets, Liabilities and Equity
What is an asset,
Why are assets bought or created,
What could an asset be
11
cards
Week 2 - Definitions of Assets, Liabilities and Equity, and Classification
What are some controlled assets,
What are some non controlled assets,
What can control mean
8
cards
Week 2 - Income Statement
What is the main objective of a c...,
How is wealth generated,
What is the income statement ofte...
9
cards
Week 2 - What are the Accounting Conventions?
What is the money measurement con...,
What is the accruals or match mak...
2
cards
Week 2 - The Accruals Concept
What are accruals,
What is a prepayment,
What is an example of an accrual
3
cards
Week 2 - What Makes Up the Statement of Financial Position
What does the statement of financ...,
What would we expect a company li...,
Who would we expect a company lik...
3
cards
Week 2 - What Makes Up the Statement of Profit or Loss
What does the statement of profit...,
What are the two elements that,
What are the two types of income ...
7
cards
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0
cards
Week 3 - Double-Entry Book Keeping Principles
1
cards
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0
cards
Week 4 - Revenue, Purchases and Cost of Sales
What is the overview of financial...,
When do we think about recording ...,
What is the cost of sales calcula...
3
cards
More about
FFMA
- Class purpose General learning
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