Intermediate Financial Reporting

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

Decks in this class (38)

Semester 1 Week 1 PP (Basics)
What is income,
What are expenses,
What are assets
19  cards
Semester 1 Week 2 PP (The ETB, Accounts Preparation)
What is accrued income,
What is deferred income,
Preston has 1 000 on deposit in a...
12  cards
Semester 1 Week 3 PP (Reporting Framework)
Contains knowledge on Reporting Framework
16  cards
Semester 1 Week 3 Tutorial 1
Prepare the appropriate journals ...,
Magland plc magland has a decembe...,
Kate plc kate has a 30 june year ...
10  cards
Semester 1 Week 4 PP (The Conceptual Framework)
Who uses financial statements,
What impacts financial reporting,
What is the companies act 2006
24  cards
Semester 1 Week 4 Tutorial 2
You are required to prepare in li...,
Prepare in line with ias 1 a set ...,
Prepare a set of financial statem...
4  cards
Semester 1 Week 5 PP (Non-current assets)
Under standard ias 16 what do we ...,
Carol ltd purchases a piece of ma...,
What is subsequent expenditure
26  cards
Semester 1 Week 5 Tutorial 3
The nowak partnership is a firm o...,
Hiflux ltd hiflux is a manufactur...,
Outline the objectives of the con...
8  cards
Semester 1 Week 6 PP (Non-current assets)
How do we determine if we have an...,
Mkz plc is a large pharmaceutical...,
What are separable and legal cont...
17  cards
Semester 1 Week 6 Tutorial 4
Hydralux limited hydralux have re...,
Pilrig limited pilrig commenced c...,
Aberdare ltd aberdare purchased p...
6  cards
Semester 1 Week 7 PP (Inventories and Impairment)
What do inventories consist of,
What should the cost of inventori...,
What do cost of inventories not i...
30  cards
Semester 1 Tutorial 5 Week 7
The directors of hammersmith ltd ...,
Requirements a explain why it mig...,
The following depreciation rates ...
3  cards
Semester 1 Week 8 Tutorial 6
1 clarkson ltd commences trading ...,
7  cards
Semester 1 Week 9 PP (Revenue recognition)
What does revenue arise from,
What steps do you take for ifrs 1...,
What must be in place before a co...
24  cards
Semester 1 Week 9 Tutorial 7
1 martinson plc have recently bou...,
2 dorian ltd dorian bought a prop...,
3 until the 1980 s intangible ass...
4  cards
Semester 1 Week 10 PP (Provisions, contingencies and post year end events)
What types of provision are there,
What principles does provisions f...,
Greentree ltd are a chemical manu...
21  cards
Semester 1 Week 10 Tutorial 8
1 what is the difference between ...,
3 define what a performance oblig...
7  cards
Semester 1 Week 11 PP (Recap session)
What is the order you write the sofp,
How do we get retained earnings,
What do accrued income and deferr...
8  cards
Semester 1 Week 11 Tutorial 9
Outline the big bath provision an...,
3 woodford ltd are an electrical ...
9  cards
Semester 2 Week 1 PP (Financial Instruments)
What is a financial instrument,
What is a financial asset,
What are financial liabilities
21  cards
Semester 2 Week 2 PP (Long term liabilities and Taxation)
Langlands has taken out a loan of...,
Kashgar has taken out a loan of 1...,
What are the journals for tax
17  cards
Semester 2 Week 2 Tutorial 1
Briefly define what a financial i...,
Briefly define what a financial a...,
Briefly define what financial lia...
7  cards
Semester 2 Week 3 PP (CSR and employee benefits)
What is csr,
What type of activities is there ...,
Why do companies undertake csr
7  cards
Semester 2 Week 3 Tutorial 2
Fabiani plc has taxable profits o...,
3 paisley plc are a large company...
9  cards
Semester 2 Week 4 PP (Integrated reporting and pensions)
What are the two types of pensions,
What is defined contribution,
How do you account for the define...
8  cards
Semester 2 Week 4 Tutorial 3
Waldrup limited have gross wages ...,
Name two short term employee bene...,
Give three examples of corporate ...
9  cards
Semester 2 Week 5 PP (Capital accounting)
What 4 things can we see in equity,
What are the two most common kind...,
How are shares priced and how do ...
16  cards
Semester 2 Week 5 Tutorial 4
Name the two types of pension and...,
Cole ltd operate a defined contri...,
Briefly outline the problem to em...
8  cards
Semester 2 Week 6 PP (Group Accounting 1)
What is a group,
Group example hughes owns 100 of ...,
Why does being a parent company m...
8  cards
Semester 2 Week 6 Tutorial 5
Briefly describe in your own word...,
Lidington limited currently has o...,
Outline the two main types of sha...
9  cards
Semester 2 Week 7 PP (Group Accounting 2)
Fisher plc are considering taking...,
What is the layout for changing a...,
How do we approach inventory ques...
8  cards
Semester 2 Week 7 Tutorial 6
1 outline the difference between ...,
Why are group accounts required,
Outline what is meant by the sing...
7  cards
Semester 2 Week 8 PP (Group Accounting 3)
Sandeep plc is the 100 owner of c...,
What is the difference between in...,
Swan ltd acquires puffin ltd on 1...
9  cards
Semester 2 Week 8 Tutorial 7
Why is it necessary to revalue a ...,
Austin plc has acquired dudley lt...,
Maclean ltd has acquired harper l...
7  cards
Semester 2 Week 9 PP (Cashflows)
What are the three parts of the s...,
What two methods can you use for ...,
What does the direct method for o...
17  cards
Semester 2 Week 9 Tutorial 8
Outline why it is necessary to el...,
Cooper ltd owns 100 of pell ltd a...,
White plc owns 100 of blue ltd du...
4  cards
Semester 2 Week 10 Tutorial 9
Outline the difference between th...,
Outline why cash is importance an...,
5  cards
Semester 2 Week 11 PP (Revision)
Critically evaluate the suggestio...,
Hughes owns 100 of sharp ltdwhat ...,
On 1 march 2018 green ltd purchas...
13  cards

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Intermediate Financial Reporting

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