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Accounting 207

This class was created by Brainscape user Ronald Jones Jr.. Visit their profile to learn more about the creator.

By: Ronald Jones Jr.
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Decks in this class (24)

Chapter 1
Accounting,
Annual report,
Assets
27  cards
Chapters 1 and 2: Study Guide Material
What are the three types of busin...,
Who are the uses of a businesses ...,
Assets
41  cards
Chapter 2
Classified balance sheet,
Comparability,
Consistency
41  cards
The Accounts
Current assets,
Long term assets,
Current liabilities
19  cards
The Lists of Accounts
Current assets,
Long term assets,
Current liabilities
4  cards
Chapter 3
The accounting equation,
Revenue does what to stockholder ...,
Expenses do what to stockholder s...
16  cards
Chapter 2:Study Guide Material
What are the 3 subcategories of n...,
In general terms what is a classi...,
What does the classified balance ...
5  cards
Chapter 3: Study Guide Material
Every transaction must affect how...,
Journal entries points,
Measurements issues associated wi...
16  cards
Pink Handout-Chapter 3
Journal,
Ledger,
Trail balance
5  cards
Chapter 4: Study Guide Material
Discuss adjusting journal entries,
What is revenue recognition,
What is expense recognition
14  cards
Chapter 5
What are the two entries for sale...,
What are the entries for sales re...,
What are the entries for sales di...
22  cards
Chapter 6
Fifo,
Lifo,
Weighted average
20  cards
Chapter 8
Two allowance methods acceptable ...,
Adjusting entry for bad debt expe...,
Synonyms for bad debt
13  cards
Chapter 9
Depreciation,
What does depreciation not mean,
What do we depreciate
30  cards
Chapter 9(part 2)
Revenue expenditures aka,
Capital expenditures aka,
Depreciation is important to what...
19  cards
Chapter 7
Internal controls,
Five purposes of internal controls,
Fraud triangle
22  cards
Cahpter 7: segregation of Duties
Purchasing activities,
Sales activities
2  cards
Chapter 7: Basic Principles of Management
Increase the speed of receivables...,
Keep inventory levels low,
Monitor payment of liabilities
8  cards
Chapter 7 (part 2)
What is included in cash,
Bank reconciliation points,
Banking statement treatment by ba...
13  cards
chapter 7 part 3
Bank reconciliation points,
Electronic funds transfer,
Deposit in transit
9  cards
Chapter 10(part 1)
Employee s responsibilities,
Employer s responsibilities,
Pensions
23  cards
Chapter 11 Terms
Authorized stock,
Cash dividend,
Charter
24  cards
Chapter 10:Bonds
Bonds general characteristics,
Interest is typically paid,
Stated rate may be called
33  cards
chapter 11
Par value,
Market price,
Authorized stock
32  cards

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Accounting 207

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Accounting
  • 30 decks
  • 864 flashcards
  • 12 learners
Decks: Exam 3, Chapter 2, Chapter 3, And more!
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