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Financial Accounting

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

By: Kristine Andersen
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Decks in this class (10)

Chapter 1 - Conceptual Framework and Financial Statements
What does ifrs stand for 1,
What does gaap stand for 2,
What financial statements are the...
39  cards
Chapter 2 - Recording Business Transactions
What s the definition of a transa...,
True or false income increases eq...,
Are pre paid expenses an asset 3
22  cards
Chapter 3 - Accrual Accounting
True or false cash and profits ar...,
What does the accrual accounting ...,
What does the cash basis accounti...
30  cards
Chapter 4 - Presentation of Financial Statements
What s the structure of an annual...,
What does the term liquidity mean 2,
What should an income statement i...
12  cards
Chapter 5 - Internal Control, Cash, and Receivables
True or false internal controls a...,
What type of asset is most suscep...,
What are the most common types of...
23  cards
Chapter 6 - Inventory and Merchandising Operations
True or false cost of merchandise...,
The quantity of a company s inven...,
The cost of the goods services th...
39  cards
Chapter 7 - PPE and Intangibles
What type of asset are both ppe a...,
Give examples of intangibles 2,
Explain the following sentence th...
37  cards
Chapter 8 - Investments and Internal Operations
Explain the following sentence th...,
True or false for an investor an ...,
Account for the three types of in...
17  cards
Chapter 9 - Liabilities
True or false in general short te...,
True or false current liabilities...,
True or false non current liabili...
32  cards
Chapter 10 - Shareholders' Equity
What does the term share capital ...,
What does the term retained earni...,
Where are equity related transact...
16  cards

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Financial Accounting

  • Class purpose General learning

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