This class was created by Brainscape user Jun Long. Visit their profile to learn more about the creator.
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Jun Long
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Decks in this class (12)
Chapter 1 Introduction to Financial Accounting
What are the three types of busin...,
What are the two perspectives of ...,
What is the accounting equation
6
cards
Chapter 2 Cash & Accrual Accounting
What is cash accounting what is a...,
What are the two concepts surroun...,
What are the three categories of ...
7
cards
Chapter 3 Accounting Cycle & Preparation of Financial Statement
What are the three accounting phases,
What happens in the recording phase,
What happens in the adjusting phase
4
cards
Chapter 04 Revenue
What is income,
What is revenue,
What are gains
21
cards
Chapter 05 Account Receivables & Foreign Currency Transactions
What is the definition of an asset,
What are receivables,
What are the pros and cons of sel...
13
cards
Chapter 6 Inventories & COGS
What are inventories,
What are the two accounts for eve...,
How do companies keep track of in...
20
cards
Chapter 7 Plant Property Equipment & Intangible Assets
What is ppe,
What are the criteria for recogni...,
How are ppe measured
25
cards
Chapter 8 Investing in FVOCI & FVPL
What are the methods to measure f...,
Explain the concept of fvpl with ...,
On 15 dec 20x3 vic ltd purchases ...
14
cards
Chapter 9 Debt Financing and Tax
What are the advantages disadvant...,
What is the formula for debt to e...,
What is the ratio for times inter...
15
cards
Chapter 10 Equity Financing Share Capital
On 1 january 2000 abc ltd issued ...,
What is the concept of rights issue,
In a rights issue on 1 january 20...
14
cards
Chapter 11 Cashflow
What are the three main activitie...,
Where does the cash flow from ope...,
Why is the cashflow from operatin...
15
cards
Chapter 12 Financial Statement Analysis
What are the three methods for fi...,
What is the concept behind horizo...,
What is the concept of vertical a...
15
cards
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accounting ad1102
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