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

Decks in this class (118)

Trial Balance
No deck description has yet been added by the author.
12  cards
Control Accounts
No deck description has yet been added by the author.
21  cards
General Journal
No deck description has yet been added by the author.
3  cards
Suspense Account
No deck description has yet been added by the author.
6  cards
Adjustments to income statement
No deck description has yet been added by the author.
4  cards
Accounting Concepts
No deck description has yet been added by the author.
10  cards
Preparation of financial statements of sole traders
No deck description has yet been added by the author.
6  cards
LLC Income Statements
No deck description has yet been added by the author.
11  cards
LLC Statement Of Financial Position
No deck description has yet been added by the author.
13  cards
LLC SOFP Terminology
No deck description has yet been added by the author.
8  cards
Statement of changes in equity
No deck description has yet been added by the author.
13  cards
Profitability Ratios
No deck description has yet been added by the author.
14  cards
Liquidity Ratios
No deck description has yet been added by the author.
4  cards
Capital Structure Ratios
No deck description has yet been added by the author.
2  cards
Efficiency Ratios
No deck description has yet been added by the author.
12  cards
Ratio Analysis
No deck description has yet been added by the author.
4  cards
Budgeted income statements
No deck description has yet been added by the author.
13  cards
Budgeted statement of financial position
No deck description has yet been added by the author.
5  cards
Variances
No deck description has yet been added by the author.
3  cards
Benefits of using budgets
No deck description has yet been added by the author.
7  cards
Limitations of budgets
No deck description has yet been added by the author.
5  cards
Types of budgeting
No deck description has yet been added by the author.
6  cards
Cash Budget
No deck description has yet been added by the author.
4  cards
Sales Budget
No deck description has yet been added by the author.
1  cards
Production budget
No deck description has yet been added by the author.
2  cards
Purchases budget
No deck description has yet been added by the author.
3  cards
Labour budget
No deck description has yet been added by the author.
1  cards
Specific budgets Benefits
No deck description has yet been added by the author.
7  cards
Specific Budgets Limitations
No deck description has yet been added by the author.
6  cards
Types of costs
No deck description has yet been added by the author.
7  cards
Contribution and break-even analysis
No deck description has yet been added by the author.
11  cards
Make or Buy decisions
No deck description has yet been added by the author.
4  cards
Acceptance of additional work
No deck description has yet been added by the author.
5  cards
Price Setting
No deck description has yet been added by the author.
3  cards
Optimum use of scarce resources
No deck description has yet been added by the author.
3  cards
Optimum production plan
No deck description has yet been added by the author.
2  cards
Closure of a loss-making line or production department
No deck description has yet been added by the author.
3  cards
Target Profit
No deck description has yet been added by the author.
4  cards
Standard costing - Advantages
No deck description has yet been added by the author.
6  cards
Standard costing - Disadvantages
No deck description has yet been added by the author.
4  cards
Variance analysis
No deck description has yet been added by the author.
9  cards
Materials variance
No deck description has yet been added by the author.
7  cards
Labour variances
No deck description has yet been added by the author.
7  cards
Sales variances
No deck description has yet been added by the author.
6  cards
Causes of variances?
No deck description has yet been added by the author.
6  cards
Absorption Costing
No deck description has yet been added by the author.
12  cards
Overhead abosrption
No deck description has yet been added by the author.
6  cards
Marginal costing v Absorption costing
No deck description has yet been added by the author.
5  cards
Activity Based Costing
No deck description has yet been added by the author.
12  cards
Payback
No deck description has yet been added by the author.
9  cards
Net present value
No deck description has yet been added by the author.
6  cards
Statement of affairs
No deck description has yet been added by the author.
4  cards
Accounting ratios to calculate missing figures
No deck description has yet been added by the author.
12  cards
Missing figures using control accounts
No deck description has yet been added by the author.
8  cards
Missing figures in the cash account
No deck description has yet been added by the author.
3  cards
Late calculation of inventory
No deck description has yet been added by the author.
1  cards
Accounting for losses of inventory
No deck description has yet been added by the author.
2  cards
Expenses from incomplete records
No deck description has yet been added by the author.
2  cards
Income statement from incomplete records
No deck description has yet been added by the author.
5  cards
SOFP from incomplete records
No deck description has yet been added by the author.
9  cards
Keeping incomplete records
No deck description has yet been added by the author.
11  cards
Partnership Act 1890
No deck description has yet been added by the author.
8  cards
Partnership income statements
No deck description has yet been added by the author.
9  cards
Partnership SOFP
No deck description has yet been added by the author.
3  cards
Goodwill
No deck description has yet been added by the author.
9  cards
Revaluation account
No deck description has yet been added by the author.
5  cards
Accounting for retirement of a partner
No deck description has yet been added by the author.
9  cards
Accounting for admission of a new partner
No deck description has yet been added by the author.
5  cards
Statement of cash flows (operating activities)
No deck description has yet been added by the author.
13  cards
Statement of cash flows (Investing activities)
No deck description has yet been added by the author.
5  cards
Statement of cash flows (Financing activities)
No deck description has yet been added by the author.
6  cards
Statement of cash flows (change in cash and cash equivalents)
No deck description has yet been added by the author.
3  cards
Calculating operating profit from retained earnings / profit for the year
No deck description has yet been added by the author.
2  cards
Calculating cost of additions to non-current assets
No deck description has yet been added by the author.
3  cards
Calculating depreciation on non-current assets
No deck description has yet been added by the author.
2  cards
Benefits of statements of cash flows
No deck description has yet been added by the author.
2  cards
Limitations of statements of cash flows
No deck description has yet been added by the author.
1  cards
Schedule of non-current assets
No deck description has yet been added by the author.
5  cards
Rights issues and bonus issues
No deck description has yet been added by the author.
9  cards
Published Accounts
No deck description has yet been added by the author.
8  cards
Main elements of published accounts
No deck description has yet been added by the author.
9  cards
Purpose and importance of the international accounting standards framework
No deck description has yet been added by the author.
9  cards
Investors' ratios
No deck description has yet been added by the author.
11  cards
Cash and profits
No deck description has yet been added by the author.
6  cards
The interests of stakeholders
No deck description has yet been added by the author.
9  cards
Importance of effective communication
No deck description has yet been added by the author.
8  cards
Accounting software
No deck description has yet been added by the author.
9  cards
Principles of ethical behaviour
No deck description has yet been added by the author.
12  cards
Board of Directors
No deck description has yet been added by the author.
14  cards
The role of auditors and the audit report
No deck description has yet been added by the author.
11  cards
The role of the remittance committee
No deck description has yet been added by the author.
7  cards
Corporate governance
No deck description has yet been added by the author.
3  cards
Corporate Social Responsibility
No deck description has yet been added by the author.
6  cards
Finance Reporting Council (FRC)
No deck description has yet been added by the author.
5  cards
Department for Business, Energy and Industrial Strategy (BEIS)
No deck description has yet been added by the author.
3  cards
European Union
No deck description has yet been added by the author.
1  cards
Consultative Committee of Accountancy Bodies
No deck description has yet been added by the author.
2  cards
Chartered Institute of Management Accountants
No deck description has yet been added by the author.
3  cards
How to act ethically
No deck description has yet been added by the author.
11  cards
Safeguards
No deck description has yet been added by the author.
5  cards
Source Documents
No deck description has yet been added by the author.
17  cards
Books of prime entry
No deck description has yet been added by the author.
9  cards
Ledgers
No deck description has yet been added by the author.
10  cards
Double Entry
No deck description has yet been added by the author.
18  cards
Capital Expenditure
No deck description has yet been added by the author.
4  cards
Revenue expenditure
No deck description has yet been added by the author.
2  cards
Capital/revenue income
No deck description has yet been added by the author.
2  cards
Understanding the income statement
No deck description has yet been added by the author.
16  cards
Statement of Financial Position
No deck description has yet been added by the author.
12  cards
Prepayments
No deck description has yet been added by the author.
7  cards
Accruals
No deck description has yet been added by the author.
7  cards
Irrecoverable debt
No deck description has yet been added by the author.
2  cards
Depreciation
No deck description has yet been added by the author.
18  cards
Income Due
No deck description has yet been added by the author.
3  cards
Income received in advance
No deck description has yet been added by the author.
3  cards
Irrecoverable debts recovered
No deck description has yet been added by the author.
3  cards
Provision for doubtful debts
No deck description has yet been added by the author.
4  cards
Bank Reconciliation
No deck description has yet been added by the author.
3  cards

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accounting

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