Accounting

The purpose of the Statement of Financial position (balance sheet)

Current assets

Non - current assets

Current liabilities

Non - current Liabilities

Owner's equity

characteristics of an asset

characteristics of a liability

Characteristics of income

Characteristics of expenses

Accounting equation

Accounting equation (expanded)

Equity

Net Profit or loss

Capital expenditure

Revenue expenditure

Depreciation

Definition of accounting

Definition of cash budgets

Purpose of cash budgets

Components of cash budgets

Purpose of Statement of Accounting Policies

Components of Statement of Accounting Policies.

Statement of cash flows

Example of Statement of Accounting Policies

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Accountants - Financial Accounting (or Chartered Accounting)

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