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Financial Accountability and Reporting

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

By: Michael Conti
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Decks in this class (15)

Week 1 Everything
What is financial accounting,
Financial accounting is undertake...,
The difference between financial ...
45  cards
Week 2 Everything
Asset,
3 essential characteristics of as...,
Future economic benefits
18  cards
Week 1 Important
Why do shareholders need financia...,
Why do banks need financial infor...,
Why do suppliers need financial i...
17  cards
Week 3 Everything
Historical cost has been criticised,
Aasb116 entitles entities to choo...,
Revaluate them to fair value reas...
12  cards
Week 2 Important
The conceptual framework defines ...,
In considering the above definiti...,
In terms of asset recognition cri...
14  cards
Week 4 Everything
Intangible assets,
Examples of intangible assets,
Classification of intangible assets
38  cards
Week 3 Important
Joy ltd also consulted the accoun...,
What effect will an asset revalua...,
The plant and equipment originall...
3  cards
Week 5 Everything
Financial instruments,
Fundamental characteristics of fi...,
Financial assets definition aasb1...
39  cards
Week 6 Everything
Lease,
For accounting purposes there are...,
A lease exists when
29  cards
Week 7 Everything
The financial report is composed ...,
Income,
Revenues
27  cards
Week 8 Everything
The profit or loss determined acc...,
The profit or loss determined acc...,
Difference between accounting pro...
29  cards
Week 9 Everything
Group,
There are several reasons for org...,
Business operations in different ...
24  cards
Week 10 Everything
Aasb10,
Control is defined as,
The parent entity is required to ...
8  cards
Week 11 Everything
Prior period errors aasb 108,
Prior period errors aasb 108 the ...,
9 4prior period errorsexamples of...
21  cards
Exam Revision
Define reporting entity,
Identify the users with the power...,
Identify the users that can only ...
73  cards

More about
Financial Accountability and Reporting

  • Class purpose General learning

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