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Financial Accounting

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

By: leo Gottlieb
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Decks in this class (14)

Ch 1
Business entity,
Business,
Sole proprietorship
54  cards
Ch 2
What does the balance sheet tell,
Main objective of financial repor...,
What does the income statement tell
41  cards
Ch 3
External event,
Event,
Internal event
18  cards
Ch 4
Historical cost,
Recognition,
Current value
25  cards
Ch. 5
Finished inventory,
2 types of inventory held by busi...,
Materials inventory
36  cards
Ch 6
2 fundamental principles of inter...,
Cash equivalent,
Bank statement
26  cards
Ch 7
Subsidiary ledger,
Account receivable,
Control account
13  cards
Ch 8
2 possible classifications for op...,
Operating assets what must invest...,
Tangible assets
31  cards
Ch 9
Accounts payable,
Current liability aka short term ...,
Notes payable
10  cards
Ch 10
Bond,
Long term liability 4 examples,
Face value aka par value
14  cards
Wrong Answers Ch 5-8
Fob destination point
1  cards
Ch 11
3 disadvantages of financing with...,
3 advantages of financing with stock,
Stockholders equity define and to...
22  cards
Ch 12
Cash equivalent,
Statement of cash flows,
What does the term cash include o...
10  cards
Ch 13
Vertical analysis,
Horizontal analysis,
Gross profit ratio
33  cards

More about
Financial Accounting

  • Class purpose General learning

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