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Financial Management & Accounting

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

By: Megan Sawatzky
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Decks in this class (12)

Business Essentials
Command economies,
Communism,
Socialism
39  cards
Chapter 1
3 forms of a business organization,
Adv to sole prop,
Adv to partnership
21  cards
Chapter 2
Assets,
What are 3 essential characterist...,
Liabilities
21  cards
Chapter 3
Generally accepted accounting pri...,
According the fasb useful informa...,
Relevance
18  cards
Chapter 4
What is the periodicity assumption,
Revenue recognition principle,
Expense recognition principle
19  cards
Chapter 5
Fraud,
3 factors that contribute to fraud,
4 properties of the sarbanes oxle...
20  cards
Chapter 6
Cost of goods sold,
Perpetual inventory system,
Fob shipping point
23  cards
Chapter 7
3 inventory classifications of a ...,
Fob shipping point ownership,
Fob destination ownership
15  cards
Chapter 8
4 properties of a plant asset,
Revenue expenditure,
Capital expenditures
19  cards
Chapter 9
What is a current liability,
Current liabilities include,
Current maturities of long term debt
3  cards
Chapter 10
Sustainable income,
How does sustainable income diffe...,
What are the two parts of reporti...
28  cards
Chapter 11
3 functions of management,
Manufacturing costs,
2 characteristics of indirect mat...
11  cards

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Financial Management & Accounting

  • Class purpose General learning

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