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BUS139 - Introduction To Financial Accounting

This class was created by Brainscape user Michael Agwu. Visit their profile to learn more about the creator.

By: Michael Agwu
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Decks in this class (16)

Lecture 1
Do accountants follow legal regul...,
What do accountants follow,
What is double entry bookkeeping ...
8  cards
Appendix A Reading Notes
What is an account,
Where are individual accounts rec...,
What are examples of accounts
26  cards
Chapter 1 Reading Notes
What are the purpose of ratios,
What are the 5 ratio categories,
Liquidity solvency ratios
47  cards
Chapter 2 Reading Notes
How many financial statements are...,
What are the four financial state...,
Who are financial statements requ...
54  cards
Chapter 3 Reading Notes
What is the primary purpose of bu...,
Gross profit,
Operating profit
27  cards
Lecture 2
What is ias1,
What is a complete set of financi...,
What is the accounting equation
16  cards
Lecture 3
How are accounting transactions r...,
What is an account,
T account
10  cards
Seminar 2
How is the p l statement structured,
What are the 5 conventions,
Is depreciation an overhead expen...
12  cards
Lecture 4
The only way to know a company s ...,
What acts as a company s progress...,
Time period concept
25  cards
Lecture 5
Depreciation,
What type of account is depreciation,
What are the 2 important dates fo...
34  cards
Seminar 5
What must be done to the sales pu...,
If sales has a credit balance at ...,
When a purchase is made what is t...
5  cards
Lecture 6
For most businesses other than re...,
What is the risk associated with ...,
Reasons for a debtor not paying t...
24  cards
Lecture 7
Inventories,
What is the type of inventories f...,
What is the type inventories for ...
17  cards
Lecture 10
Accounting information system,
Major financial statements aim to...,
Businesses produce which 3 statem...
20  cards
Lecture 8
What is the purpose of closing en...,
Why are income expenses and distr...,
What is the accounting process
15  cards
Lecture 9
What are the main features of lim...,
What are the two main forms of li...,
Ordinary shares
8  cards

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BUS139 - Introduction To Financial Accounting

  • Class purpose General learning

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