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Accounting 1.1

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

By: Jack Murison
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Decks in this class (12)

Purposes of Accounting and Financial Statements
The purpose of accounting,
The purpose of financial statemen...,
The purpose of financial statemen...
8  cards
Users of the Income Statement
What decision does a bank manager...,
What decision does an employee us...,
What decision does the ird use th...
6  cards
Accountants as a Carrer
Define a financial accountant,
Auditor,
Taxation accountant
10  cards
Business Structures
What is limited liability,
What is unlimited liability,
What is the difference between bu...
20  cards
Concepts Achieved
Accounting entity,
Monetary measurement,
Reporting period
6  cards
Concepts Merit or Excellence
How does the entity concept get a...,
How does accounting entity concep...,
How does the accounting entity co...
13  cards
Users of A Cash Budget
0  cards
Purposes of A Cash Budget
What is the purpose of a cash budget,
What are the components of a cash...,
What are the limitations of a cas...
3  cards
Users of a statement of financial position
Why are bank managers interested,
Why are employees interested,
Why is the ird interested
5  cards
Elements Definitions
What is the definition of an asset,
What is the definition of a liabi...,
What is the definition of owners ...
5  cards
Capital and Revenue Expenditure
What is the definition of capital...,
What are three types of capital e...,
What is the definition of revenue...
3  cards
Depreciation
What is the definition of depreci...,
Why is depreciation of an expense,
Why is depreciation a limitation ...
4  cards

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Accounting 1.1

  • Class purpose General learning

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