Accounting fundamentals

This class was created by Brainscape user Toby Powell.

By:

Decks in this class (15)

Introduction to Accounting
What is a sole trader 1,
What is a partnership 2,
What is a limited company 3
5  cards
Financial statements
What is ias 1 responsible for 1,
What is the statement of financia...,
What is equity capital for sole t...
7  cards
Regulation
What is the conceptual framework 1,
Qualitative characteristics of fi...,
What is the materiality concept 3
7  cards
Accounting standards
What do international standards c...,
Whatias1 says we need for fair pr...,
When can we depart from ifrs 3
18  cards
Recording transactions
What is a source document 1,
Invoice 2,
Credit note 3
6  cards
Pay roll
Pay roll formula what 1,
Blank 2
2  cards
computerised Accounting
2 different types of processing c...,
Cloud accounting 2,
Ad dis of this 3
4  cards
Preparation of financial statements
Diff between st of p and l and th...,
Trade receivable and payable clas...,
Unsold goods at end of period tre...
10  cards
Double entry treatments
Treatment for inventory destroyed...,
Inventory drawings 2,
What is an accrued expense and th...
18  cards
Capital and revenue expenditure, + tangible assets
What is capital expenditure 1,
Revenue expenditure 2,
Capital income 3
16  cards
Intangible Non-Current Assets
What do we do with intangible ass...,
Examples of intangible assets 2,
Goodwill 3
5  cards
Bank rec
What is the purpose of a bank rec...,
3 reasons for difference 2,
Bank statement debit and credit e...
8  cards
UK gaap
What is uk gaap 1,
Statutory accounts and rules 2,
Blank 3
3  cards
Partnerships
How partnerships agreement is dec...,
2 ways partners differ to sole tr...,
Whats a partners current account 3
4  cards
T7 completion
0  cards

More about
Accounting fundamentals

  • School Unspecified
  • Program type Unspecified
  • Course Unspecified
  • Instructor Unspecified
  • Standards Unspecified

The creator of this class did not yet add a description for what is included in this class.

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

CMA®
  • 57 decks
  • 2,847 flashcards
  • 1,009 learners
Packs: CMA® Part 1, CMA® Part 2, And more!
UVA Financial Accounting Fundamentals
  • 5 decks
  • 119 flashcards
  • 358 learners
Decks: Week 1 Class Notes, Week 1 Forum Vijay S 11 Key Principles O, Week 1 Practice Quiz, And more!
Fundamentals
  • 66 decks
  • 1599 flashcards
  • 154 learners
Decks: Patient Interviewing, Pathology Week 1, Microbiology Week 1, And more!