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

Decks in this class (20)

Chapter 1
Which areas involved internationa...,
What happened in 1973,
Which 5 things do companies to ra...
20  cards
Chapter 12
What is asset classification,
When should an asset be classifie...,
When is an item recognised as an ...
36  cards
Chapter 4
What is the main mission of ifrs,
What are the three main purposes ...,
What does the 2018 iasb conceptua...
26  cards
Chapter 13
How is a intangible asset defined,
Which three needs need to be sati...,
When is an asset separable
24  cards
Chapter 14
What does the standard ias 36 imp...,
Why is ias 36 introduced,
What is the objective of ias 36
30  cards
Chapter 18
What doe the income statement or ...,
What is the main difference betwe...,
How does ifrs 15 define income
45  cards
Chapter 16
What problems do inventories have,
What does inventories include,
Why does evaluating inventories r...
29  cards
Chapter 15
What rights does a lease give,
What is a lease,
What are the two categories of a ...
15  cards
Chapter 19
Where does ias 37 deal with,
What is the problem without a com...,
What does ias 37 effectively ban
24  cards
Chapter 20
Why is determining the amount of ...,
What is the first thing tax autho...,
What is the difference between th...
38  cards
Chapter 25
How does ifrs 3 define business c...,
What are characteristics of a bus...,
In what concept is control essential
42  cards
Chapter 26
What does control mean,
What are the three essential elem...,
On what has an investor power off
13  cards
Chapter 28
When is currency conversion required,
How can currency conversion be re...,
What does ias 21 accord
22  cards
Chapter 29
What do financial statements provide,
What do financials data serve,
When is financial data appropriate
22  cards
Chapter 11
What is a profession,
What characteristics can a provis...,
What does a standard of conduct
26  cards
Chapter 9
What does the term governance ind...,
What does the term corporate indi...,
What does separation of ownership...
13  cards
Chapter 10
What is ethics,
What three types of inquiry has e...,
Which ethical theories can we dis...
26  cards
Mock exam 1
According to your textbook compan...,
Lufthansa prepares the financial ...,
From page 133 in the pdf version ...
15  cards
Mock exam 2
Explain by your textbook why the ...,
Explain by your textbook why a co...,
Assume that the company reports a...
10  cards
Additional Questions
Why does an entity give their fin...,
What are the items using an excha...,
A company has a shareholding of 5...
9  cards

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Financial Accounting

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