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Accounting 1.1

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

By: Harry Holland
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Decks in this class (13)

Purposes of Accounting and Financial Statements
What is the purpose of accounting,
What is the achieved purpose for ...,
What is the merit purpose for an ...
6  cards
Users of the Income Statement
What decision does a bank manager...,
What decision does a employee mak...,
What decision does the ird make w...
6  cards
Accounting as a Career
What is the role of a financial a...,
What is the role of a auditor,
Explain the difference between a ...
11  cards
Business Structures
What is limited liability,
What is unlimited liability,
What is the difference between bu...
16  cards
Concepts Achieved
What is the definition of account...,
What is the definition of monetar...,
What is the definition of reporti...
6  cards
Concepts- Merit/ Excellence
How does the accounting entity co...,
How does the accounting entity co...,
How does the accounting entity co...
13  cards
Users of a cash budget
Bank managers,
Employees,
Inland revenue department ird
5  cards
Purposes of cash budget
What is the purpose of a cash budget,
What are the components of a cash...,
What is a limitation of a cash bu...
3  cards
Purposes of a Statement of Financial position
What is the purpose of a statemen...,
What are the components of a stat...,
What are the limitations of a sta...
3  cards
Users of a Statement of Financial Position
Bank managers,
Employees,
Inland revenue department ird
6  cards
Elements Definition
What is the definition of an asset,
What is the definition of a liabi...,
What is the definition of an expense
5  cards
Capital and Revenue Expenditure
What is the definition of capital...,
What are the three types of capit...,
What is the definition of revenue...
3  cards
Depreciation
What is the definition of depreci...,
Why is depreciation an expense,
Why is depreciation a limitation ...
4  cards

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Accounting 1.1

  • Class purpose General learning

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