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Belle SM
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Decks in this class (28)
Forms Of Business Organization
What is reporting entity concept,
Describe a proprietorship,
Describe a partnership
19
cards
Financing Activities
What are the two primary ways of ...,
A corporation can borrow money in...,
What are liabilities
11
cards
Operating Activities
What are revenues,
Revenues come from different sour...,
Selling a product on credit on ac...
17
cards
Other Info From Chapter 1
What is a fiscal year end why doe...,
What are creditors lenders debtors
2
cards
Other Terms
What is carrying amount,
Cost principle
2
cards
Chapter 5 Merchandising Operations
What does merchandising involve,
Merchandising company is the purc...,
What is operating cycle what is t...
11
cards
Investing Activities
What does a company do after it r...,
What do investing activities involve,
What are assets
7
cards
Communicating with Users
Users especially external users a...,
What are the four different finan...,
Define income statement statement...
7
cards
Income Statement
The income statement reports what,
Why are financial statement users...,
What s in the heading of every st...
7
cards
Statement of Changes in Equity
What does the statement of change...,
What is shareholders equity what ...,
What is share capital
10
cards
Statement of Financial Position (Balance Sheet)
What does the statement of financ...,
Claims of assets are subdivided i...,
What is the basic accounting equa...
11
cards
Statement of Cash Flows
What is the main function of a st...,
To help investors lenders and oth...,
What is presented first in the st...
5
cards
Relationships between the Statements
Because the results on some state...,
7
cards
Assets
What are assets,
What are current assets,
What is an operating cycle
29
cards
Liabilities
What are liabilities,
What are current liabilities,
What are examples of current liab...
17
cards
Shareholder's Equity
Shareholders equity is divided in...,
What is share capital what is it ...,
What are retained earnings
5
cards
Using the Financial Statements (ratio analysis definition)
What is ratio analysis,
What are liquidity ratios,
What are solvency ratios
5
cards
Liquidity, Solvency and Profitability
Liquidity what is meant by the li...,
Liquidity working capital and cur...,
Liquidity the current ratio is on...
13
cards
Conceptual Framework for Financial Reporting, Objective, Assumption, Constraint, Elements
According to standard setters wha...,
Why dont all countries use the sa...,
What 5 of many selected portions ...
37
cards
Qualitative Characteristics of Useful Financial Information
What is the main criterion for ju...,
What are two fundamental qualitat...,
Relevance what is relevance in ac...
14
cards
Recognition and Measurement Criteria
Financial statements are prepared...,
Generally an item will be include...,
What are two important concepts u...
15
cards
Analyzing Accounting Transactions
What is the accounting informatio...,
When does an accounting transacti...,
What is the basic accounting equa...
3
cards
CPA Handbook
1 what is an asset are all assets...,
2 what is a liability what is a p...,
3 how is equity defined in the fr...
5
cards
Chapter 3 Kieso
2 debits and credits how are debi...,
3 accounting equation balance she...,
Asset and expense accounts are in...
50
cards
Withdrawal of Partners
What does a partner sell to withd...,
What is the most crucial part of ...,
How is a withdrawal of a partner ...
8
cards
Chapter 17. Cash flow statement
The cash flow statement classifie...,
Cash receipts and payments are,
Describe the cash receipts and as...
5
cards
Accounting for Partnerships
K nasser and t yoko are consideri...,
Gurprinder and harjinder decided ...,
Because of concerns over unlimite...
23
cards
Chapt 14: Corporations: Additional Topics and IFRS
Why would a company repurchase so...,
Wilmor inc repurchases 1 000 of i...,
Explain how the accounting for th...
15
cards
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Accounting
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