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ICAEW - CERTIFICATE LEVEL 1 - ACCOUNTING (2024)

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

By: Salina Khan
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Decks in this class (16)

Chapter 1 - Introduction to Accounting
Chapter 1 part 1 the purpose of a...,
Define accounting 1 2,
How many types of business entity...
86  cards
Chapter 2 - The Accounting Equation
What is an asset 1,
What is a liability 2,
What is the accounting equation 3
22  cards
Chapter 3 - Recording Financial Transactions
What 3 things does an accounting ...,
Advantages of computerised accoun...,
How does an accounting system ope...
23  cards
Chapter 4 - Ledger Accounting and Double Entry
What is a nominal ledger 1,
How is a ledger t account present...,
What is double entry bookkeeping 3
22  cards
Chapter 5 - Preparing Basic Financial Statements
What is the initial trial balance 1,
Computerised accounting systems w...,
Name the types of error that coul...
10  cards
Chapter 6 - Errors and corrections to accounting records and financial statements
What are some common documents we...,
How do we reconcile trade payable...,
How do we reconcile trade receiva...
29  cards
Chapter 7 - Cost of sales and inventories
What are the different types of i...,
What is ias 2 2,
Cost of sales proforma layout 3
43  cards
Chapter 8 - Irrecoverable debts and the allowance for receivables
What are irrecoverable debts 1,
What can cause irrecoverable debt 2,
What is the journal entry for a i...
22  cards
Chapter 9 - Accruals and prepayments
What is the accruals principle 1,
What is an accrual what is the jo...,
What is a prepayment what is the ...
18  cards
Chapter 10 - Non-current assets, depreciation and impairment
What is a nca what type of expend...,
What are examples of a nca 2,
What do we need to factor in to c...
61  cards
Chapter 11 - Company financial statements
Limited companies 1,
What is nominal value what are ot...,
Share capital formula 3
60  cards
Chapter 12 - Company financial statements under IFRS Accounting Standards
Q what does the statement of chan...,
Q what does ias 1 require compani...,
Q what key components should be s...
9  cards
Chapter 13 - Statement of cash flows
Q what does the statement of cash...,
Q are both listed and unlisted co...,
Q why is the statement of cash fl...
14  cards
Chapter 14
0  cards
Chapter 15
0  cards
Journals and Key Formulas
Journal for disposals given in a ...,
Accounting equation 2,
Profit formula 3
77  cards

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ICAEW - CERTIFICATE LEVEL 1 - ACCOUNTING (2024)

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