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Ren O'Hora
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Decks in this class (19)
0. T - Accounts
11 receivablesstate whether the f...
1
cards
1. Introduction to Financial Reporting
1 financial accounting is2 manage...,
Describe the legal and capital st...,
What are the main differences bet...
13
cards
2. The Regulatory Framework
Why is a regulatory framework for...,
Give an example ofa national repo...,
What is the ifrs foundation what ...
11
cards
3. Double-entry Bookkeeping
Why do businesses keep accounting...,
In terms of sales which forms of ...,
In terms of purchases which forms...
13
cards
4. Recording basic transactions and balancing the ledgers
0
cards
5. Returns, discounts and sales tax
How do you post a cash purchase r...,
How do you post a cash sales return,
How do you post a credit purchase...
11
cards
6. Inventory
1 what are the two main postings ...,
1 how do we value inventory 2 exp...,
There are two accounting standard...
5
cards
7. Non-current assets: acquisition and depreciation
How do you categorise a non curre...,
What is the difference between ca...,
1 what does capital expenditure i...
7
cards
8. Non-current assets: disposal and revaluation
1 which standard is responsible f...,
How would you post a cash disposal 3,
How would you post a disposal thr...
9
cards
Chapter 9: Intangible Assets
1 intangible assets are governed ...,
What are the needed characteristi...,
1 define research where is this p...
6
cards
10. Accruals and Prepayments
Accruals 1 what is the accruals c...,
Prepayments 1 what is a prepaymen...,
Accrued income 1 what is accrued ...
4
cards
11. Receivables
Cash and credit sales 1 how do we...,
Aged receivables analysis 1 what ...,
Irrecoverable debts and allowance...
5
cards
12. Payables, provisions and contingent liabilities
Liabilities 1 what is a liability...,
Credit and cash purchases 1 how d...,
Provisions 1 what is a provision ...
6
cards
13. Capital structure and finance costs
Capital finance can be loosely ca...,
What are the three most common fo...,
Shares 1 what is the main differe...
13
cards
14. Control account reconciliations
What is a control account,
What is a memorandum,
What is a contra entry how is thi...
6
cards
15. Bank account reconciliations
What are the main differences bet...,
What is an outstanding cheque wha...
2
cards
16. The trial balance, errors and suspense accounts
What is a trial balance,
What are the steps in preparing f...,
What are the errors where the tri...
5
cards
20. Interpretation of Financial Statements
Formula for gross profit margin,
If gpm does not increase in line ...,
Formula for operating profit margin
14
cards
21. Consolidated Financial Statement of Financial Position
Which ifrs is responsible for con...,
What are the 5 things you need to...
2
cards
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ACCA: Financial Accounting
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