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MGMT 201: Financial Accounting

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

By: Kale Blakely
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Decks in this class (12)

Chapter 1: Corporate Financial Reporting
What do shareholders bank and sup...,
Financial accounting aka external...,
Creditors
67  cards
Chapter 2: Analyzing Transactions
Do all canadian companies use the...,
All canadian public companies whi...,
Private companies generally follow
56  cards
Chapter 3: Double-Entry Accounting Plus Accounting Cycle
Double entry accounting system,
Why is it called double entry acc...,
What is a limitation to the templ...
67  cards
Chapter 4: Revenue Recognition and Statement of Income
Income is composed of two elements,
Ordinary activities,
Revenues
78  cards
Chapter 5: Statement of Cash Flow
Free cash flow,
When free cash flow is negative,
Statement of cash flows
68  cards
Chapter 6: Cash and Accounts Receivable
Companys most liquid assets,
Accounts receivable also known as...,
Uncollectible accounts
90  cards
Chapter 7: Inventory
Inventory,
All companies with the exception ...,
Merchandisers aka retailers
91  cards
Chapter 8: Long-Term Assets
Land is never depreciated because...,
What are the various types of lon...,
Property plant and equipment for ...
115  cards
Chapter 9: Current Liabilities
Current liabilities are those tha...,
Liability simple,
Liability accounting standards
70  cards
Chapter 10: Long-Term Liabilities
Types of long term liabilities mo...,
Why are long term liabilities of ...,
Transactions with lenders
123  cards
Chapter 11: Shareholder's Equity
Share capital,
Retained earnings,
Shareholders equity section
126  cards
Chapter 12: Financial Statement Analysis
Financial statement analysis,
What is the process for analyzing...,
1 determine the purpose and conte...
77  cards

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MGMT 201: Financial Accounting

  • Class purpose General learning

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