Financial Accounting: Preparing Financial Statements

This class was created by Brainscape user Amy-Leigh Ibbotson. Visit their profile to learn more about the creator.

Decks in this class (17)

Chapter One- Accounting and Ethical Principles
Accrual accounting,
Confidentiality,
Going concern
7  cards
Chapter Two- Bookkeeping Transactions
Accounting equation,
Books of prime entry,
Cash book
23  cards
Chapter Three- Purchase of Non-Current Assets
Capital expenditure,
Capitalisation policy,
Capitalised
7  cards
Chapter Four- Depreciation of Non-Current Assets
Accumulated depreciation,
Carrying amount,
Depreciable amount
9  cards
Chapter Five- Disposal of Non-Current Assets
Disposals account,
Gain or loss on disposal,
Non current asset register
5  cards
Chapter Six- Accruals and Prepayments
Accrual,
Accruals principle,
Accrued expenses
7  cards
Chapter Seven- Inventories
Cost of inventory,
Inventories,
Inventory count
5  cards
Chapter Eight- Irrecoverable Debts and Allowance for Doubtful Recievables
Allowance for doubtful receivables,
Allowance for doubtful receivable...,
Doubtful receivables
6  cards
Chapter Nine- Bank Reconciliations
Bank reconciliation statement,
Counter credit,
Dishonoured cheque
6  cards
Chapter Ten- Control Account Reconciliations
Contra entry,
Gross pay,
Her majesty s revenue and customs...
11  cards
Chapter Eleven- The Trial Balance, Errors and The Suspense Account
0  cards
Chapter Twelve- The Extended Trial Balance
0  cards
Chapter Thirteen- Incomplete Records
0  cards
Chapter Fourteen- Accounts for Sole Traders
0  cards
Chapter Fifteen- Accounts for Partnerships
0  cards
Chapter Sixteen- Calculation and Interpretation of Profitability Ratios
0  cards
Key Principles
What is the double entry for,
What is the double entry for a ca...,
What is the double entry for a ca...
8  cards

More about
Financial Accounting: Preparing Financial Statements

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Amy-Leigh Ibbotson's Financial Accounting: Preparing Financial Statements flashcards now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

AAT Level 4 - Financial Statements Of...
  • 16 decks
  • 258 flashcards
  • 27 learners
Decks: 1 Limited Companies, 12 Interpreting Financial Statements, Equations, And more!
Financial Accounting
  • 20 decks
  • 485 flashcards
  • 1 learners
Decks: Chapter 1, Chapter 12, Chapter 4, And more!
CISI Financial Planning & Advice
  • 34 decks
  • 1016 flashcards
  • 71 learners
Decks: 1 1 Introduction, 1 2 The Role Of Insurance, 1 3 Life Assurance Pension Policies And, And more!
Make Flashcards