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Introduction To Accounting For Business

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

By: Nolz Inema
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Decks in this class (11)

Week 1 - Introduction to financial accounting and statement of financial position
What is accounting 1,
What is the purpose of accounting...,
What is the process of accounting...
25  cards
Week 2 - Reporting financial performance
What does a statement of profit o...,
What are the three measures of pr...,
Formula for profit or loss for th...
33  cards
Week 3 - Cash vs Profit & Cash Flow Statements
What is the difference between ca...,
What is the impact on profit and ...,
What is the impact on cash flow a...
18  cards
Week 4 - Interpretation of financial statements
What are the limitations of dolla...,
What does financial statement ana...,
3 types of useful comparative ana...
17  cards
Week 5 - Return on capital employed & contemporary development in financial reporting
Limitations of traditional financ...,
How is the historic nature of acc...,
How is the timing of financial st...
12  cards
Week 6 - Introduction to management accounting & costing concepts
What is management accounting hor...,
Examples of management accounting...,
3 processes of management account...
33  cards
Week 7 - Cost Behaviour and CVP Analysis
What is cost volume profit cvp an...,
What concerns cvp analysis 2,
Amazon example of cvp 3 3
17  cards
Week 8 - Further aspects of CVP - Operating Leverage
What is operating leverage 3 1,
Operating leverage formula 2,
High leveraged entities operating...
9  cards
Week 9 - Profit & loss and cash budgets
Define what a budget is 1,
Define budgetary control 2,
Typical budgeting cycle 3
18  cards
Week 10 - Budgetary control and performance evaluation
Decision making loop process 1,
Importance of a management contro...,
Characteristics of an effective m...
22  cards
Mock Exam Flashcards
Formula for gross profit 1,
Formula for operating profit 2,
Operating margin formula 3
19  cards

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Introduction To Accounting For Business

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