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Laura Brady
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Decks in this class (19)
Lesson 1 - Intro to Accounting
What is accounting,
Financial information is,
Non financial information is
27
cards
Lesson 2 - The Accounting Equation
The three elements of the account...,
T f the accounting equation is as...,
T f the accounting equation is as...
12
cards
Lesson 3 - Balance Sheet
What is the purpose of the balanc...,
What s the difference between cur...,
What is the residual interest tha...
14
cards
Lesson 4 - Two Fold Effect
What is the accounting equation,
What is the basic idea of the two...,
According to the two fold effect ...
11
cards
Lesson 5 - Liquidity & Stability
How do we measure liquidity,
How do we measure stability,
What is the formula for stability
10
cards
Lesson 6 - Booklet 1 Revision
What is accounting,
Financial information is
75
cards
Lesson 7 & 8 - Cash Journals
Cash payments are recorded in the,
Cash payments are recorded in the,
After being recorded in the crj a...
10
cards
Lesson 9 - Goods and Services Tax (GST)
Gst received is,
Gst paid is,
Gst settlement is
12
cards
Lesson 10 - Consolidation
Cash payments are recorded in the,
Cash payments are recorded in the,
After being recorded in the crj a...
22
cards
Lesson 11 - Revenues & Expenses
Revenue is,
Expenses are,
Examples of revenues include
16
cards
Lesson 12 - Income Statement
What is revenue,
What is an expense,
What is the purpose of an income ...
17
cards
Lesson 13 - Cash vs Profit
What is cash in a business context,
What is profit in a business context,
How is cash different from profit
15
cards
Lesson 14 - Evaluating Performance
Define liquidity,
Define stability
16
cards
Lesson 15/16/17/18 - Booklet 2 Revision
Define liquidity,
Define stability,
Define profitability
72
cards
Lesson 19 - Price Setting
What is a recommended retail price,
What is a competitors price,
What is mark up percentage
9
cards
Lesson 20 - Budgeted Income Statement
The template for the budgeted inc...,
The purpose of the budgeted incom...,
The budgeted income statement is ...
8
cards
Lesson 21 - Cash Budget
A cash budget is,
The structure for the cash budget...,
How can cash budgets be used as a...
12
cards
Lesson 22 - Variance Report
What is a variance report,
What are the two terms used to de...,
A favourable variance is considered
13
cards
Lesson 23/24 - Booklet 3 Revision
What is a recommended retail price,
What is a competitors price
43
cards
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Y10 - Accounting
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