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4.3 Financial Statements of Limited Companies

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

By: Miro Muffet
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Decks in this class (16)

1. Purpose of Financial Statements
0  cards
FSLC exam
When asked why something is impor...,
Pup what to watch that i got wrong,
Which profit total goes into sce ...
20  cards
Definitions - Framework
Asset,
Liability framework version not p...,
Equity
19  cards
IAS 16: PPE
Definition ppe,
Definition dep n,
Definition depreciable amount
12  cards
IAS 37: Provs, Cont't Liabs & Cont't Assets
Provision,
Liability ias 37 provs version,
An obligating event
7  cards
IAS 10: Events after the reporting period
Events after the reporting period...,
Adjusting events after the report...,
Non adjusting events after the re...
6  cards
IAS 36: Impairment of Assets
Impairment loss,
Carrying amount,
Recoverable amount
9  cards
IFRS 16: Leases
The 2 parties are,
Ifrs 16 sets out the accounting t...,
Identifying a lease
9  cards
IAS 38: Intangible Assets
Definition intangible asset and m...,
Recognitionias come from 2 main s...,
Measurement of intangible assets ...
14  cards
IAS 2: Inventories
The standard provides guidance on...,
Definition,
The principle of inventory valuation
11  cards
IFRS 15: Revenue for Contracts with customers
When how much to recognise revenu...
1  cards
Task 6: Consolidated
What to do with interco sales,
Pup adjustment,
Goodwill impairment or might be c...
4  cards
Ltd Company FSs
Define a public ltd company,
Define a private ltd company
2  cards
Ratios analysis
Roce,
Gpm,
Opm
25  cards
IFRS 3 Business Combinations & IFRS 10 Consolidated Financial Statements
What is the method of accounting ...,
Assets and liabilities acquired,
Goodwill
10  cards
Task 1 - Adjustments to watch out for
Statement sfp splinventory,
Statements sfp splbonus share issue,
Statements sfp splloan interest s...
14  cards

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4.3 Financial Statements of Limited Companies

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