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Financial Reporting

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

By: Harry Diamond
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Decks in this class (14)

Introduction to group accounts
Rules of group statement of finan...,
Goodwill definition 2,
Goodwill proforma 3
10  cards
More group accounts
Fair value overview single compan...,
Fair value definition 2,
Intra group trading 3
10  cards
Consolidated P&L and other comprehensive income
P l consolidation what should not...,
P l non contolling interest 2,
Any sale between parent and sub n...
5  cards
Accounting for associates
Associate definition 1,
Investment in associate carrying ...,
Consolidating financial statement...
5  cards
Interpreting financial statements
Vertical trend analysis 1,
Horizontal analysis 2,
Industry average comparison 3
7  cards
Statement of cash flow
Define finance activities 1,
Indirect method 2,
Direct method 3
8  cards
Principles and concepts
Define accounting conceptual fram...,
Principle based vs rule based 2,
Categories of qualitative charact...
20  cards
The preparation of financial statements
General accounting concepts used ...,
Financial statements proforma 2,
Income tax expense 3
4  cards
Tangible non-current assets
Ppe measurement at acquisition 1,
Ppe capitalisable costs 2,
Ppe measurement after acquisition 3
11  cards
Intangible assets
When can an intangible asset be r...,
Measurement 2,
Measurement after recognition 3
5  cards
Revenue and inventory
5 step model 1,
Recognition of contract costs 2,
Loss making contracts impairment 3
9  cards
Provisions and events after the reporting period
Provision 1,
Legal and constructive obligation 2,
Future operating losses 3
8  cards
Taxation
Deferred tax definition when dr a...,
Temporary difference 2,
Revaluation gains 3
5  cards
Earnings per share
Disclosure requirement 1,
Earnings no of shares theoretical...,
Calculating weighted average no o...
7  cards

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Financial Reporting

  • Class purpose General learning

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