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Decks in this class (20)
P1 Introduction
What is the difference between a ...,
What is the conceptual framework 2,
Describe four qualitative charact...
7
cards
P1 Common Knowledge
What does the accruals concept me...,
A business is a collector of vat ...,
According to ias 2 inventory is v...
19
cards
P1 Company Accounting
Briefly explain the terms memoran...,
What do you understand by the ter...,
Identify three differences betwee...
12
cards
P1 Depreciation And Disposal Of NCA
Mention three different methods o...,
Explain why while the annual depr...,
Explain why depreciation of non c...
5
cards
P1 Interpretation Of Accounts And Ratios
List and describe three limitatio...,
Identify two ratios that you woul...,
Describe two instances where rati...
25
cards
P1 Manufacturing Accounts
Explain the rationale and also ma...,
Explain what is meant by the term...,
Distinguish between direct and in...
3
cards
P1 Types Of Errors And Correction
Errors that affect trial balance ...,
Errors which do not affect trial ...,
How are errors corrected 3
5
cards
P1 Statement Of Cashflows
The bank balance did not increase...,
Why is a cash flow beneficial 2,
Mention two benefits of preparing...
5
cards
P1 Non-Profit Making Organizations
Explain the accounting treatment ...,
Some clubs operate a life members...,
Explain why subscriptions in adva...
5
cards
P1 AIS’s - APPENDIX II-International Accounting Standards
Ias 1 presentation of financial s...,
Ias 2 accounting for inventories 2,
Ias 7 statement of cash flows 3
9
cards
P2 Cost And Management Accounting
The purpose and role of managemen...,
Briefly describe four differences...,
Describe three ways how managemen...
3
cards
P2 Inventory (Stock) Valuation
Eoq 1,
Why is it important to control in...,
Explain why it is important to co...
11
cards
P2 The Cost Of Labour
Describe the term corporate socia...,
How is a high labour turnover pre...,
Describte two causes of labour tu...
6
cards
P2 Overheads
What is the difference between al...,
How is a pre determined absorptio...,
How is a pre determined absorptio...
9
cards
P2 Job And Process Costing
Identify the three elements of co...,
The costing method used by busine...,
Briefly explain the differences b...
5
cards
P2 Cost Behaviour And Break Even Analysis
Explain the difference between fi...,
Explain the difference between di...,
The separation of semi variable a...
10
cards
P2 Decision Making
A business has limited resources ...,
Discuss the implications that man...,
When should a firm consider subco...
5
cards
P2 Marginal And Absorption Costing
In cost accounting inventory can ...,
Discuss two differences between m...,
Which method between marginal and...
3
cards
P2 Budgeting
What are the benefits of preparin...,
What is a budget what are the pur...,
Functional budgets are useful wit...
7
cards
P2 Standard Costing And Variance Analysis
What is standard costing 1,
What is the purpose of standard c...,
Why should standards be realistic 3
6
cards
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Accounts A Lvl
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