Accounting Definition is...
The Accounting Process Explained
Steps are...
6 Types of Organisations are...
Integrating GAAP
Order of application
4 Sections of Conceptual Framework are...
Objective of General Purpose Financial Reporting is to...
Objective of General Purpose Financial Reporting - Stewardship and Accountability Objectives
Objective of General Purpose Financial Reporting- Decision-usefulness Objective
Objective of General Purpose Financial Reporting
-3 Activities External Users are Interested in
The Reporting Entity is...
The Reporting Entity Indicators are...
The Reporting Entity in the Proposed Improved Conceptual Framework
ED/2010/2
The Reporting Entity in the Proposed Improved Conceptual Framework - Features Necessary to Identify a Reporting Entity
Integrating GAAP
Definition
Qualitative Characteristics and Restraint on Financial Reporting
-Fundamental Characteristics
Qualitative Characteristics and Restraint on Financial Reporting
-Enhancing Characteristics
Qualitative Characteristics and Restraint on Financial Reporting
-Constraint on Financial Reporting
Definition, Recognition and Measurement of Elements in Financial Reports
-Elements
Definition, Recognition and Measurement of Elements in Financial Reports
-Assets Definition
Definition, Recognition and Measurement of Elements in Financial Reports
-Assets Recognition
Definition, Recognition and Measurement of Elements in Financial Reports
Liabilities - Definition
Definition, Recognition and Measurement of Elements in Financial Reports
Liabilities - Recognition
Definition, Recognition and Measurement of Elements in Financial Reports
Contingent Liabilities
Definition, Recognition and Measurement of Elements in Financial Reports
Equity - Definition
Definition, Recognition and Measurement of Elements in Financial Reports
Income - Definition
Definition, Recognition and Measurement of Elements in Financial Reports
Revenue and Gains - Definition
Definition, Recognition and Measurement of Elements in Financial Reports
Income - Recognition
Definition, Recognition and Measurement of Elements in Financial Reports
Income - Recognition (Revenue on sale of goods) - 5
Definition, Recognition and Measurement of Elements in Financial Reports
Income - Recognition (Revenue for Provision of Services) - 4
Definition, Recognition and Measurement of Elements in Financial Reports
Expenses - Definition
Definition, Recognition and Measurement of Elements in Financial Reports
Expenses include...
Definition, Recognition and Measurement of Elements in Financial Reports
Expenses - Recognition
Definition, Recognition and Measurement of Elements in Financial Reports
Expenses - Recognition -
Matching Principle is...
Measurement of the Elements of Financial Reports
Definition is...
Measurement of the Elements of Financial Reporting
4 Measurement bases are...
Measurement of the Elements of Financial Reporting
4 Measurement bases
Historical Cost means...
Measurement of the Elements of Financial Reporting
4 Measurement bases
Current Cost means...
Measurement of the Elements of Financial Reporting
4 Measurement bases
Realisable (Settlement) Value means...
Measurement of the Elements of Financial Reporting
4 Measurement bases
Present Value means...
Integrating GAAP
Interrelationships between aspects of GAAP
Name 3...
Future Developments in Financial Reporting
-Sustainability Reporting dimensions
Future Developments in Financial Reporting
-XBRL
Conceptual Framework Defines 4 Elements of Financial Statements
Statement of Profit or Loss (P&L)
Statement of Changes in Equity
Statement of Financial Position
Statement of Cash Flows
Interrelationships between financial statements
Classified Statement of Financial Position
Classified Statement of Financial Position
Current vs. Non-Current Assets
Classified Statement of Financial Position
Current vs. Non-Current Liabilities
The Financial Reporting Environment
-Institutions and Groups Regulating and Monitoring Financial Reporting (AU)
Concepts and Principles Underlying Accounting
Accounting Period Concept
Monetary Principle
Accounting Entity Concept
Going Concern Principle
Cost Principle
Full Disclosure Principle
Transaction Analysis
The Accounting Equation
Debits and Credits
Side and Abbreviation
Debit and Credit Procedures
Assets
Debit and Credit Procedures
Liabilities
Debit and Credit Procedures
Equity - Share Capital, Retained Earnings, Dividends
Debit and Credit Procedures
Revenue and Expenses
An account is...
DEAD CLICK
Steps in Recording Process
Chart of Accounts
The General Ledger
Transferring Journal Entries to Ledger Accounts (Posting) - Steps
The Trial Balance
Definition and steps...
Limitations of a Trial Balance
Steps to Balancing Ledger Accounts
