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

Decks in this class (19)

Topic 1 - Introduction, double entry and trial balance
What is accounting 1,
What is the objective of accounti...,
What are stakeholders 3
23  cards
Topic 2 - Financial statements
How is the income statement split 1,
What does the trading account do 2,
What does the profit loss account...
13  cards
Topic 3 - Capital and Revenue expenditure
What is capital expenditure 1,
What are the two different types ...,
What are some examples of capital...
10  cards
Topic 4 - Business organisations (sole traders, partnerships, limited companies)
What are the characteristics of a...,
What are some examples of public ...,
What are private sector organisat...
26  cards
Topic 5 - Day books/journals
What source document represents a...,
What source document represents a...,
What source document represents a...
24  cards
Topic 6 - Control accounts
What is a trial balance used for 1,
What is a control account user for 2,
What is a bank reconciliation sta...
8  cards
Topic 7 - Bank reconciliation statements
What is a bank statement 1,
What reasons could there be for d...,
What omissions could there be fro...
7  cards
Topic 8 - Errors
When do we date the correction of...,
What are all the errors that do n...,
What errors will affect the agree...
18  cards
Topic 9 - Accounting concepts
What are accounting concepts 1,
What are the advantages and disad...,
What is the consistency concept 3
9  cards
Topic 10 - Depreciation
What are non assets 1,
What is depreciation 2,
What are the 4 causes of deprecia...
14  cards
Topic 11 - Irrecoverable debts
What actions does a credit contro...,
Why is it important for a firm s ...,
What is an irrecoverable debt 3
12  cards
Topic 12 - Other receivables/other payables
What is the purpose of making adj...,
What are other receivables 2,
What are other payables 3
8  cards
Topic 13 - Financial statements (with adjustments)
What adjustments are required to ...,
What does knowing what profits ar...,
What is the difference between a ...
3  cards
Topic 14
0  cards
Topic 15
0  cards
Topic 16
0  cards
Topic 17
0  cards
Topic 18 - Use of technology in accounting
What do spreadsheets allow us to ...,
What does accounting software all...,
What are the advantages of accoun...
6  cards
Topic 19 - Professional ethics
What are professional ethics 1,
What are the 5 fundamental princi...,
What 5 roles are covered by most ...
9  cards

More about
.Accounting

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study M.E. Gaming's .Accounting 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?

accounting
  • 31 decks
  • 1706 flashcards
  • 1566 learners
Decks: Chapter 1, Powerpoint 1, Powerpoint 2, And more!
Accounting
  • 53 decks
  • 1232 flashcards
  • 123 learners
Decks: Accounting Changes, Agency Law, Audit Reports, And more!
Make Flashcards