This class was created by Brainscape user Monique Lawrence. Visit their profile to learn more about the creator.
By:
Monique Lawrence
- decks
- flashcards
- learners
Decks in this class (26)
1.1 Introduction to Taxation
Governments need tax revenues to 1,
Governments can use taxes to 2,
In wealth of nations adam smith p...
14
cards
1.2 Direct taxes and Indirect taxes
Types of direct taxes 1,
Tax on trading income 2,
The standard pro forma for calcul...
21
cards
1.3 Employee taxation & Administration of taxes
Income tax 1,
Benefits in kind are 2,
Deductible expenses from income t...
20
cards
2.1 Corporate income tax & Capital taxes
Standard pro forma to calculate c...,
The accounting profit 2,
Income exempt from tax or taxed u...
20
cards
3.1 International taxation
Opportunities offered by the digi...,
Corporate residence 2,
A company can be resident for tax...
17
cards
4.1 The regulatory environment & International financial reporting standards
Need for regulation 1,
Elements of a regulatory environm...,
Gaap generally accepted accountin...
20
cards
5.1 Code of ethics
What are ethics 1,
Why are ethics important 2,
Cima s code of ethics 3
18
cards
6.1 Corporate governance
Corporate governance 1,
Corporate governance concerns mat...,
Approaches to corporate governance 3
23
cards
7.1 The conceptual framework (1)
The conceptual framework for fina...,
Purpose of the framework is to 2,
What does the framework cover 3
17
cards
7.2 The conceptual framework (2)
Chapter 3 financial statements an...,
Objectives of financial statements 2,
The financial statements that pro...
19
cards
7.3 The conceptual framework (3)
Chapter 6 measurement of the elem...,
Historical cost measures 2,
Historical cost of asset liability 3
18
cards
8.1 Introduction to single entity accounts
Ias1 presentation of fs 1,
Ias1 purpose of fs 2,
Ias1 contents of complete set of ...
19
cards
9.1 IAS 16 Property, plant and equipment
Property plant and equipment are ...,
Carrying amount 2,
Cost 3
17
cards
9.2 IAS 16 Revaluations & IAS 36 Impairment of assets
Ias 16 the revalued amount of an ...,
Ias 16 key revaluation issues to ...,
Ias 16 steps to account for reval...
14
cards
10.1 IFRS 5 Non current assets held for sale
Non current assets held for sale 1,
Ifrs 5 assets will be treated as ...,
A sale is highly probably if all ...
6
cards
11.1 IFRS 16 Leases
Ifrs 16 leases 1,
Definition of lease 2,
Definition of lessor 3
17
cards
12.1 IAS 2 Inventories and IAS 10 Events after the reporting period
Ias 2 inventories are assets that...,
Measurement of inventories 2,
Calculation of costs if inventory...
11
cards
13.1 IAS 7 Statement of cash flows
The statement of cash flows is an...,
Ias 7 definition cash 2,
Ias 7 definition cash equivalents 3
15
cards
14.1 Short term finance
Management of short term finance 1,
Types of short term financing 2,
Trade payables 3
27
cards
14.2 Short term investments
Reasons for short term investing 1,
Cash surpluses can be invested a ...,
Criteria that should be considere...
10
cards
15.1 Working capital management
Working capital is the 1,
Working capital calculated as 2,
Working capital management is the 3
21
cards
15.2 Working capital ratios
Working capital ratios 1,
Calculating working capital cycle...,
Calculation of working capital cy...
12
cards
16.1 Working capital management - Accounts receivable (1)
Credit sales receivable problem 1,
Credit policy 2,
The optimum level of trade credit...
21
cards
16.2 Working capital management - Accounts receivable (2) and payable
Accounts receivable factoring 1,
Services offered by the factor en...,
Typical factoring arrangement 3
12
cards
17.1 Working capital management - Inventory control
The objectives of inventory manag...,
Inventory balancing act between 2,
The costs of high inventory level...
21
cards
18.1 Working capital management - Cash control
Reasons for holding cash readily ...,
Failure to carry sufficient cash ...,
The key principles of cash manage...
13
cards
More about
2 - F1 - Financial Reporting
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Monique Lawrence's 2 - F1 - Financial Reporting flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Financial Accounting Reporting
- 28 decks
- 1583 flashcards
- 9 learners
Decks:
Financial Statements, Basic Concepts Financial Statements, Income Statements Items, And more!
ZM - F1 - YR12
- 51 decks
- 2328 flashcards
- 26 learners
Decks:
Intro To Behavioural Research Types Of C, Social Influence Explanations Of Conform, Social Influence Variables Affecting Con, And more!
