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Financial Statements

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

By: Christopher White
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Decks in this class (12)

Chapter 1: Limited Companies
Sole trader partnership features,
Limited companies features,
Directors v shareholders
13  cards
Chapter 2: The framework
Reasons for regulatory framework,
What is the regulatory framework ...,
Which body is responsible for the...
33  cards
Chapter 3 : Statement of financial position (SOFP)
Ias 1,
Ias1 compliance with fundamental ...,
Presenting current assets
13  cards
Chapter 5: The Statement of cash flows
Ias 7 cash flows,
Operating activities,
Indirect method
11  cards
Chapter 6: Tangible non-current assets
Ias 16,
Recognition,
Directly attributable costs
11  cards
Chapter 7: Accounting for other assets
Ias 38,
Recognise criteria as set out by ...,
Examples of intangible assets
17  cards
Chapter 8: Accounting for liabilities
What is the initial tax journal f...,
Once the taxation liability is ag...,
Once the taxation liability is ag...
27  cards
Chapter 10: Group Accounts - The consolidated SFP
Share capital in consolidated sta...,
Investment in the subsidiary,
Goodwill amortised or impairment
6  cards
Chapter 12: Interpreting financial statements (ratios)
Gross profit percentage definitio...,
Operating profit percentage,
Expense revenue percentage defini...
27  cards
Consolidated Statements - adjustments SOFP
Items which require elimination,
Eliminating intragroup balance,
Cash in transit
6  cards
Consolidated Statements - adjustments SPL
Adjustments made for,
If items remain in stock pup adju...,
Nci pup adjustment
3  cards
Chapter 9: Further accounting standards
Revenue,
Recognising revenue,
Events after reporting period adj...
4  cards

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Financial Statements

  • Class purpose General learning

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