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Nicholas Appiah
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Decks in this class (23)
1 Conceptual framework
What is the conceptual framework,
What are the advantages of a conc...,
What are the disadvantages of a c...
41
cards
2 The regulatory framework
Define a principles and rules bas...,
Explain each one of the principle...,
The advantages and disadvantages ...
8
cards
3 Tangible Non - Current assets
What ias covers all aspects of ac...,
Ias 16 does not apply to the foll...,
Property plant and equipment are ...
60
cards
4 Intangible Assets
11 the objectives of the standard,
An intangible asset is an identif...,
An intangible asset must be ident...
27
cards
5 Impairment of assets
How is impairment determined,
What is impairment what is carryi...,
The basic principle underlying ia...
18
cards
6 Revenue
Ifrs 15 applies to all contracts ...,
Define income revenue contract co...,
Define contract liability custome...
34
cards
7 Introduction to groups
Define control power subsidiary p...,
We can summarise the different ty...,
Ifrs 10 provides a definition of ...
19
cards
8 The consolidated statement of financial position
The financial statements of a par...,
Ifrs 10 states that all intragrou...,
The preparation of a consolidated...
31
cards
9 The consolidated statement of profit or loss and other comprehensive income
The consolidated statement of pro...,
Intra group sales and purchases a...,
Only the post acquisition profits...
15
cards
10 Accounting for associates
Define associate significan infue...,
An investor is exempt from applyi...,
The revised version of ias 28 no ...
15
cards
11 Financial Instruments
What is a financial instrument,
What is a financial asset,
What is a financial liability
57
cards
12 Leasing
Define lease finance lease operat...,
What is a lease transaction,
Define minimum lease payments
22
cards
13 Provisions
Under ias 37 a provision should b...,
What does ias 37 provisions conti...,
What is a provision what is a lia...
40
cards
14 Inventories and biological assets
The use of lifo is allowed under ...,
Scope the following items are exc...,
Inventories are assets 3 points
32
cards
15 Taxation
Current tax is,
You would calculate the amount of...,
Define accounting profit taxable ...
34
cards
16 Presentation of Published Financial statements
Ias 1 covers the form and content...,
How items are disclosed ias 1 spe...,
The entity should identify each f...
26
cards
17 Reporting Financial Performance
Define accounting policies a chan...,
Define retrospective application ...,
Define impracticable
44
cards
18 EPS
Define ordinary shares potential ...,
Ias 33 identifies the following e...,
Scope ias 33 has the following sc...
18
cards
19 Calculation and interpretation of accounting ratios and trends
The broad categories of ratios br...,
It must be stressed that ratio an...,
Profit before interest and tax is...
35
cards
20 Limitations of financial statements and interpretation techniques
Financial statements are affected...,
Explain problems of historical co...,
Explain creative accounting
11
cards
21 Statements of cash flows
Define cash cash equivalents cash...,
Explain cash and cash equivalents,
Explain operating activities
23
cards
22 Accounting for inflation
Advantages of historical cost acc...,
Disadvantages of historical cost ...,
From these disadvantages various ...
24
cards
23 Specialised, not-for-profit and public sector entities
The accounting requirements for n...,
Conceptual framework for not for ...,
In preparing the conceptual frame...
13
cards
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F7
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