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Introduction To Accounting For Business

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

By: Nolz Inema
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Decks in this class (11)

Week 1 - Introduction to financial accounting and statement of financial position
What is accounting,
What is the purpose of accounting,
What is the process of accounting
25  cards
Week 2 - Reporting financial performance
What does a statement of profit o...,
What are the three measures of pr...,
Formula for profit or loss for th...
33  cards
Week 3 - Cash vs Profit & Cash Flow Statements
What is the difference between ca...,
What is the impact on profit and ...,
What is the impact on cash flow a...
18  cards
Week 4 - Interpretation of financial statements
What are the limitations of dolla...,
What does financial statement ana...,
3 types of useful comparative ana...
17  cards
Week 5 - Return on capital employed & contemporary development in financial reporting
Limitations of traditional financ...,
How is the historic nature of acc...,
How is the timing of financial st...
12  cards
Week 6 - Introduction to management accounting & costing concepts
What is management accounting hor...,
Examples of management accounting...,
3 processes of management accounting
33  cards
Week 7 - Cost Behaviour and CVP Analysis
What is cost volume profit cvp an...,
What concerns cvp analysis,
A
17  cards
Week 8 - Further aspects of CVP - Operating Leverage
What is operating leverage,
Operating leverage formula,
Operating leverage interpretations
9  cards
Week 9 - Profit & loss and cash budgets
Define what a budget is,
Define budgetary control,
Typical budgeting cycle
18  cards
Week 10 - Budgetary control and performance evaluation
Decision making loop process,
Importance of a management contro...,
Characteristics of an effective m...
22  cards
Mock Exam Flashcards
Formula for gross profit,
Formula for operating profit,
Operating margin formula
19  cards

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Introduction To Accounting For Business

  • Class purpose General learning

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