This class was created by Brainscape user Cha N' Rommer. Visit their profile to learn more about the creator.

Decks in this class (12)

Ch 1
What chapter forms the foundation...,
What is the objective of general ...,
The potential investors lenders a...
37  cards
PAS 1 Presentation of financial statements
Prescribes the basis for presenta...,
Comparability both with the entit...,
Comparability both with financial...
42  cards
PAS 2 - Inventories
To prescribe the accounting 1,
Ias 2 objectives provides guidanc...,
Ias 2 objectives also is to provi...
33  cards
Ch 2
What is the title of chapter 2 1,
If financial information is to be...,
The usefulness of financial 3
39  cards
Pas 7 Statement of Cash Flows
Presentation of a statement of ca...,
Ias 7 requires statements of cash...,
Objective of ias 7 the aim of ias...
25  cards
Ch 3
What is the title of chapter 3 1,
What chapter discuss information ...,
What chapter discuss information ...
30  cards
Pas 8 Accounting Policies, Changes in Accounting Estimates and Error
What is pas 8 ias 8 1,
Ias 8 accounting policies changes...,
The standard requires compliance ...
35  cards
Ch 4
What is the title of chapter 4 1,
The elements of financial stateme...,
In chapter 1 it is defined as eco...
35  cards
PFRS 3 Business Combinations
What is pfrs3 1,
According to pfrs 3 it is a trans...,
An investor controls an ________ ...
26  cards
Ch 5
What is the chapter 5 1,
_______________ is the process of...,
Recognition involves ___________ ...
38  cards
Ch 4 (pt.2)
For a liability to exist three cr...,
The first criterion for a liabili...,
If one party has an obligation to...
33  cards
Ch 4 (pt.3)
Is a contract or a portion of a c...,
An executory contract establishes...,
The entity has an asset if the te...
31  cards

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CFAS

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