This class was created by Brainscape user Flora Jolly. Visit their profile to learn more about the creator.
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Flora Jolly
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Decks in this class (22)
1- Intoduction to Accounting
Define financial reporting 1,
Financial accounting 2,
Management accounting 3
60
cards
Ethics in the Workplace
Iesba stand for 1,
5 components of iesba code of eth...,
Integrity 3
26
cards
The Regulatory Framework
Why regulatory framework importan...,
Ifrsf stands for 2,
Ifrsf role 3
13
cards
The Qualitative Characteristics of Financial Information
Conceptual framework for financia...,
Chapter 1 of conceptual framework 2,
Chapter 2 of conceptual framework 3
44
cards
Financial Transactions and Accounting System
Accounting system 1,
Two type of computerised accounti...,
Adv of computer accounting system 3
25
cards
Ledger Accounts and Double Entry
General ledger 1,
Double entry bookkeeping 2,
Layout of a t account ledger acco...
9
cards
Trial Balance to Financial Statements
Trial balance 1,
Which errors would not be highlig...,
What errors would be highlighted ...
18
cards
Inventory
Inventory 3 main types 1,
What impacts can the inventory fi...,
What two ways must businesses ens...
33
cards
Tangible Non-Current Assets
Asset register 1,
Non current assets 2,
Current assets criteria 3
76
cards
Intangible Non-Current Assets
Intangible assets 1,
Examples of intangible assets 6 2,
Research definition 3
19
cards
Accruals and Prepayments
What standard requires financial ...,
Accrued expenses accruals definit...,
What is the difference between ac...
19
cards
Provisions and Contingencies
Which ias covers provisions conti...,
Why was ias 37 introduced 2,
Provision definition 3
21
cards
Irrecoverable Debts and Allowances
What is the benefit of credit ter...,
What is the ideal situation for a...,
Receivables ledger 3
24
cards
Sales Tax
Input tax 1,
Output tax 2,
Sales tax 3
21
cards
Trade Payables and Trade Receivables
Trade receivables 1,
Trade payables 2,
Receivables ledger 3
33
cards
Bank Reconciliations
Why are bank statements such impo...,
What are the type of difference t...,
What are the different timing iss...
9
cards
Correction of Errors
What are the five types of errors...,
Error of omission 2,
Error of commission 3
9
cards
Incomplete Records
Definition and picture of margin ...,
Definition and picture of mark up...,
Cost of sales 3
18
cards
Sole Trader Stmts and Shares/Equity
What are the steps for question o...,
What is the layout of stmt of pro...,
What is the layout of stmt of fin...
63
cards
Company Financial Stmts
What is the format of financial s...,
What makes up a complete set of s...,
Where does profit for year from p...
38
cards
Events After the Reporting Period
Events after the reporting period...,
What are the two types of events ...,
Adjusting events definition 3
8
cards
Statement of Cash Flows
What is the purpose of a cash flo...,
How could a profit figure mislead...,
What basis is the statement of ca...
31
cards
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Financial Accounting
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