This class was created by Brainscape user Lachie Ryan. Visit their profile to learn more about the creator.
By:
Lachie Ryan
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Decks in this class (11)
Week 1
Define accounting,
Role of accounting,
Who uses accounting data
15
cards
Week 2
Define business transactions,
Examples of source documents,
Explain cash accounting
22
cards
Week 3 business transactions cont, ledgers and journals
Define an account,
Define a debit,
Define a credit
16
cards
Week 4 - trial balance and balance day adjustments
Purpose of trial balances,
Steps to prepare a trial balance,
Complete the transaction analysis...
8
cards
Week 5 - preparation of classified financial reports
Define and explain an income stat...,
How is the income statement calcu...,
Explain costs of goods sold and c...
44
cards
Week 6 - Business planning, costs concepts and management
What is a business plan,
3 functions of a business plan,
Advantages of a business plan
36
cards
Week 7 - Business planning + budgeting
What is strategic management acco...,
Define target costing,
Explain target costing and 4 stages
21
cards
Week 8 - Analysis and interpretation of financial statements: analysing profitability
Internal users of accounting info...,
External users of accounting info...,
Explain horizontal analysis
14
cards
Week 9 - Analysis and interpretation of financial statements: analysing efficiency, liquidity, capital structure
What is asset efficiency analysis,
Explain asset turn over ratio,
Asset turnover formula
16
cards
week 10 - other accounting maters e.g. agency
Explain agency theory,
What is cooperate governance,
Why is strong governance important
14
cards
week 11
0
cards
More about
Accounting
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