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Decks in this class (21)
Chapter 1 - Elements of Financial Statements
Definitionasset,
Definitionliability,
Definitionequity
7
cards
Chapter 1 - Measurement Basis
Historical cost,
Current valuefair value,
Current valuevalue in use
4
cards
Chapter 1 - General Purpose of Financial Reporting
Primary users making decisions,
Information needed to support dec...,
Assumptions in financial statemen...
4
cards
Chapter 1 - Fundamental Qualitative Characteristics
Fundamental qualitative character...,
Fundamental qualitative character...,
Conceptual framework materiality
8
cards
Chapter 2 - Financial Statements
Public limited company plc,
Private limited company ltd,
The objective of financial statem...
4
cards
Chapter 2 - Different Types of Business Entity
Sole traders,
Partnerships,
Limited companies
4
cards
Chapter 2 - Information Requirements of Financial Statements
Statement of financial position,
Statement of profit loss,
Statement of changes in equity
11
cards
Chapter 2 - IAS 1 - Presentation of Financial Statements
Components of financial statements,
Present fairly,
Statement of compliance
7
cards
Chapter 3 - Published Financial Statements
Definitionobjective of financial ...,
Items to be displayed on the stat...,
Expenses are to be analysed by
4
cards
Chapter 3 - Accounting Concepts
Business entity,
Accruals,
Going concern
5
cards
Chapter 4 - IAS 2 Inventories
Inventories as defined in ias 2 i...,
Items that can be included in inv...,
Items that cannot be included in ...
5
cards
Chapter 4 - IFRS 16 - Leases
Lease definition,
Lessee definition,
Lessor definition
8
cards
Chapter 4 - IAS 38 - Intangible Assets
Definition intangible asset,
Definition research,
Definition development
12
cards
Chapter 4 - IAS 36 - Impairment of Assets
Definition carrying amount,
Definition value in use,
Definition fair value
11
cards
Chapter 4 - IAS 16 - Property, Plant, Equipment
Definition depreciable amount,
Definition useful life,
Definition depreciation
16
cards
Chapter 5 - IAS 10 - Events after the Reporting Period
Adjusting events,
Non adjusting events,
Disclosure required in the notes
5
cards
Chapter 5 - IAS 37 - Provisions & Contingent Liabilities
Definition provision,
Definition liability,
A provision shall be recognised a...
10
cards
Chapter 5 - IFRS 15 - Revenue from Contracts with Customers
Definition contract,
Definition customer,
Definition income
10
cards
Chapter 6 - IAS 7 - Statement of Cash Flows
Definition the statement of cash ...,
Operating activitiesentries to be...,
Inventories adjustment
11
cards
Chapter 7 - Interpretation of Financial Statements
Profitability ratios,
Finance ratios,
Liquidity ratios
14
cards
Chapter 8 - Consolidated Financial Statements
Definitionan acquiree,
Definitionan acquirer,
Definitiona business combination
17
cards
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Financial Statements of Limited Companies
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