Financial Reporting

This class was created by Brainscape user Minah Rafeeq.

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Decks in this class (18)

Accruals Basis
What are the first two accounting...,
What is a accruals basis 2,
What is a business entity 3
13  cards
SOFP and SOPL
What are the two main qualitative...,
What are the two features under r...,
What are the three features under...
39  cards
Regulatory Framework
What does the companies act say 1,
Who sets the uk accounting standa...,
What does substance over form mean 3
3  cards
Double Entry Bookeeping
What does prudence mean 1,
What does duality mean 2,
What is the accounting equation 3
6  cards
Non current assets
What is a historic cost 1,
Define historic cost 2,
What are three pros of historic c...
19  cards
Non current Assets Part 2
What happens when a non current a...,
How to work out profit or loss 2,
Where does the profit loss of dis...
7  cards
Ethics
What are three examples financial...,
What did the companies act in 200...,
What are the icaew ethics princip...
3  cards
Recording Finance
What are the two sources of finan...,
What are other ways borrowing can...,
When borrowing in deb what is hap...
13  cards
Cash and Flow Format
What are the three main component...,
What is at the bottom of the stat...,
What goes under cash flow from op...
5  cards
Cash and Flow Part 1
What are reasons it is important ...,
What is first in operating activi...,
What goes under adjustments for n...
3  cards
Interpretation
What are the two parts included i...,
What if sale proceeds isn t given 2,
How would you work out how much t...
5  cards
Financing Activities
What is included in financing act...,
How would you interpret issue of ...,
How do u interpret dividends 3
3  cards
Profitability
What does the profitability ratio...,
How to work out gross profit marg...,
How to work out operating profit ...
9  cards
Efficiency
What is efficiency ratio 1,
How do you work out inventory day...,
How do you work out trade receiva...
6  cards
Liquidity
What does the liquidity ratio tel...,
How to work out current ratio 2,
How to work out quick ratio 3
5  cards
Gearing
What does the gearing ratio tell ...,
How to work out gearing 2,
How to work out interest cover 3
6  cards
Investor
What does the investor ratio tell...,
How do you work out earnings per ...,
How do you work out dividends per...
5  cards
Horizontal Analysis and Vertical
What is horizontal analysis 1,
What can we understand if there i...,
What can a change of non current ...
5  cards

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Financial Reporting

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