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Decks in this class (27)
Major regulators
What is the purpose of regulation...,
What does gaap stand for in the c...,
Name the two main types of legal ...
31
cards
Other influencing bodies and considerations in the regulatory environment
What is the standard setting proc...,
What are the two different approa...,
True or false a rules based syste...
48
cards
Corporate Governance Principles
What is the definition of corpora...,
Why is corporate governance needed 2,
Name the three theories of corpor...
31
cards
Internal Control
What is the main purpose of inter...,
List the main categories of objec...,
What framework is recognized for ...
32
cards
Introduction to the fundamentals of accounting
What is the purpose of financial ...,
The accounting equation is repres...,
What are the two main aspects of ...
54
cards
Conceptual Framework Part 1
What is the objective of general ...,
Name the eight chapters of the co...,
True or false the conceptual fram...
31
cards
Conceptual Framework Part 2
What is the conceptual framework ...,
What are the four areas covered i...,
Recognition is the process of cap...
30
cards
IAS 16 – Property, Plant & Equipment
What is the definition of propert...,
According to ias 16 what are the ...,
List the components that may be i...
43
cards
IAS 36 – Impairment of Assets
What is the main principle of ias...,
According to ias 36 an asset is c...,
Define recoverable amount as per ...
17
cards
IFRS 5 – Non-Current Assets Held for Sale and Discontinued Operations
What is the purpose of ifrs 5 1,
Define a non current asset held f...,
What is a disposal group as defin...
24
cards
IFRS 16 - Lease accounting for lessees
What is the international financi...,
What significant change does ifrs...,
What are the exemptions under ifr...
36
cards
IAS 2 – Inventories
What is the definition of working...,
According to ias 2 what are the t...,
What is the measurement requireme...
25
cards
IAS 10 – Events After the Reporting Period
What is defined by ias 10 as even...,
Name the two types of events that...,
What should be done with the amou...
14
cards
IFRS 15 - Revenue from Contracts with Customers
What is the purpose of ifrs 15 1,
According to ifrs 15 revenue is d...,
Name the types of revenue not wit...
27
cards
Single Entity Financial Statements (IAS 1 and IAS 7)
What is the objective of financia...,
According to ias 1 a complete set...,
True or false ias 1 requires pres...
46
cards
IAS 8 – Accounting Polices, Changes in Accounting Estimates and Errors
What is the primary focus of ias 8 1,
According to the conceptual frame...,
What should management do in the ...
31
cards
Overview of principles of taxation
What is the primary function of t...,
What are the three major principl...,
What influences the tax system 3
21
cards
Types of taxes
What are the two main types of di...,
Define direct tax 2,
What is trading income 3
30
cards
Calculate corporate taxable income and liability from a given set of rules
What are the two main types of di...,
True or false calculating taxatio...,
What is the difference between ac...
31
cards
International taxation principles
What is the key tax issue for bus...,
What is corporate tax residence i...,
According to the oecd model an en...
27
cards
Ethics of taxation
What is the learning objective of...,
Define tax avoidance 2,
Define tax evasion 3
24
cards
Short-term Sources of Finance
What is considered the lifeblood ...,
What are the main types of short ...,
A short term loan requires the bu...
16
cards
Working capital and the operating cycle
What does the operating cycle mea...,
The operating cycle may also be r...,
What are the key components of th...
26
cards
Overview of Working Capital Management
What is the definition of working...,
What can happen to profitable bus...,
What is the impact of suppliers b...
25
cards
Receivables and Payables Management
What is the principle of managing...,
What does trade receivables repre...,
What are the positives of making ...
31
cards
Inventory Management
What is inventory 1,
In inventory management what is t...,
What are the benefits of holding ...
27
cards
Cash management
What are the three sides from whi...,
What is the trade off involved in...,
List the benefits of holding cash 3
42
cards
More about
Financial Reporting
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