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

By: M W

Decks in this class (14)

1. Introduction and The Statement of Financial Position (Balance Sheet)
What is the definition of accounting,
What is the definition of finance,
What are the 3 main pillars of fi...
25  cards
2. Measuring and reporting financial performance (INCOME STATEMENT)
Equation for profit,
What is the layout of the income ...,
What is another name for operatin...
9  cards
1-2b. Pearson Qs
Deciding whether to produce an it...,
Consider the following forms of b...,
During the most recent accounting...
11  cards
1-2c. Pearson Test
In a limited liability company sh...,
After the accountant of ruxin eng...,
Not for profit organisations have...
11  cards
3. Measuring and reporting cash flows
What does a cash flow statement show,
Definition of cash flows,
Definition of cash equivalents
22  cards
3b. Pearson Qs
Which one of the following items ...,
What is the immediate effect of m...,
Which one of the following change...
11  cards
4. Analyzing and Interpreting Financial Statements
What are the 5 key financial rati...,
What are profitability ratios,
What are
30  cards
5. Relevant Costs and Cost Volume Profit Analysis
Definition of cost,
What is a cost object,
What are relevant costs
21  cards
6. Full Costing
What are direct costs,
What are indirect costs,
What is overhead
13  cards
7. Budgeting (planning)
What is a strategic plan,
What are long range plans,
What are budgets useful for
12  cards
8. Accounting for control
Who sets the standards,
Why is it useful to have an ideal...,
What is a variance
16  cards
9. Making capital investment decisions
What does time value of money mean,
Why would a unit of currency toda...,
Suppose you deposit 100 today in ...
22  cards
10. Financing a business
What is a long term 9nternal sour...,
What is a short term internal sou...,
What are some major long term sou...
30  cards
Extra
Why are direct and variable costs...,
What is process costing,
What is full costing
12  cards

More about
KCL Accouting

  • Class purpose General learning

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