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Accounting 1.1

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

By: Ko Miura
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Decks in this class (13)

Purpose of accounting and financial statements
What is the purpose of accounting,
What is the achieved purpose of a...,
What is the merit answer of an in...
6  cards
Users of an income statement
What decision does a bank manager...,
What decision does a employee mak...,
What decision does a inland reven...
6  cards
Accountancy as a Career
Define a financial accountant,
Define an auditor,
Explain the difference between a ...
11  cards
Business Structures
What is limited liability,
What is unlimited liability,
What is the difference between bu...
20  cards
Concepts - Achieved Level
Accounting entity,
Monetary measurement,
Reporting period
6  cards
Concepts - Merit, Excellence Level
Joe imported two piano s to sell ...,
Looking at the income statement o...,
Joe s music stores financial repo...
13  cards
Purposes of a 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
Users of a cash budget
0  cards
Purpose of Financial Position
What is the purpose of a statemen...,
What are the components of a stat...,
What are the limitation of statem...
3  cards
Users of Statement of Financial Position
Why is a bank manager interested ...,
Why is an employee interested in ...,
Why is the ird interested in a st...
6  cards
Elements Definition
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 the 3 types of capital e...,
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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Accounting
  • 30 decks
  • 864 flashcards
  • 12 learners
Decks: Exam 3, Chapter 2, Chapter 3, And more!
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