100% tevredenheidsgarantie Direct beschikbaar na je betaling Lees online óf als PDF Geen vaste maandelijkse kosten
logo-home
Eerder door jou gezocht
Eerder door jou gezocht
logo
ACCOB2 REVIEWER INTRODUCTION TO FINANCIAL ACCOUNTING, CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING, CASH AND CASH EQUIVALENTS, RECEIVABLES €14,68
In winkelwagen
Snel navigeren naar
Voorbeeld
  2.  
  3. ACCOB2
  4.  
  5. ACCOB2

Tentamen (uitwerkingen)

ACCOB2 REVIEWER INTRODUCTION TO FINANCIAL ACCOUNTING, CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING, CASH AND CASH EQUIVALENTS, RECEIVABLES
 0 keer verkocht
  • Vak
  • ACCOB2
  • Instelling
  • ACCOB2

ACCOB2 REVIEWER INTRODUCTION TO FINANCIAL ACCOUNTING, CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING, CASH AND CASH EQUIVALENTS, RECEIVABLES...

Voorbeeld 3 van de 18  pagina's

Document informatie

  • 19 september 2024
  • 18
  • 2024/2025
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden

Onderwerpen

  • accob2
  • accob2 reviewer introduction
  • accob2 reviewer introduction to financial
  • the process of identifying measuring
  • the process of analyzing events and transactions

Geschreven voor

  • ACCOB2
  • ACCOB2

Verkoper

avatar-seller
luzlinkuz

Ontvangen beoordelingen

Voorbeeld van de inhoud

A

ACCOB2 REVIEWER INTRODUCTION TO
FINANCIAL ACCOUNTING, CONCEPTUAL
FRAMEWORK FOR FINANCIAL REPORTING,
CASH AND CASH EQUIVALENTS,
RECEIVABLES

Accounting - ANSWER the process of identifying, measuring, and
communicating economic information to permit informed judgment and
decisions by users of information.

Identifying - ANSWER the process of analyzing events and transactions
to determine whether or not they will be recognized. only accountable
events are recognized.

Measuring - ANSWER involves assigning numbers, normally in
monetary forms, to the economic transactions or events.

Communicating - ANSWER the process of transforming economic data
into useful accounting information such as financial statements and
other accounting reports for dissemination to users.

Historical cost - ANSWER most commonly used measurement in
accounting

Basic purpose of Accounting - ANSWER to provide information that are
useful in making economic decisions.

General purpose accounting information - ANSWER designed to meet
the common needs of most statement users. This information is
governed by the Philippine Financial Reporting Standards (PFRS).

Special purpose accounting information - ANSWER designed to meet
the specific needs of particular statement users. This information is

,provided by other types of accounting, e.g., managerial accounting, tax
basis accounting, and etc.

Double-entry system - ANSWER each accountable event is recorded
into two parts, debit and credit.

Going concern - ANSWER the entity is assumed to carry on its operation
for an indefinite period of time.

Separate entity - ANSWER the entity is treated separately from its
owners.

Stable monetary unit - ANSWER amounts in the financial statements are
stated in terms of a common unit of measure; changes in purchasing
power are ignored.

Time period - ANSWER the life of the business is divided into series of
reporting standards.

Materiality concept - ANSWER information is material if its omission or
misstatement could influence economic decisions.

Cost-benefit - ANSWER the cost of processing and communicating
information should not exceed the benefits to be derived from it.
Important to balance cost and benefit that may accrue.

Accrual basis of Accounting - ANSWER effects of transactions are
recognized when they occur (and not as cash is received or paid) and
they are recognized in the accounting periods to which they relate.

Historical cost concept - ANSWER the value of an asset is determined
on the basisi of acquisition cost.

Matching - ANSWER costs are recognized as expenses when the
related revenue is recognized.

Full disclosure principle - ANSWER financial statements provide
sufficient detail to disclose matters that make a difference to users. yet

, sufficient condensation to make the information understandable, keeping
in mind the costs of preparing and using it.

Consistency concept - ANSWER financial statements are prepared on
the basis of accounting policies which are applied consistently from one
period to the next.

Realization - ANSWER the process of converting noncash assets into
cash or claims for cash.

Prudence (conservatism) - ANSWER the inclusion of a degree of caution
in the exercise of the judgments needed in making the estimates
required under conditions of uncertainty, such that assets are not
overstated and liabilities or expenses are not understated.

Financial accounting - ANSWER focuses on general purpose financial
statements

Management accounting - ANSWER focuses on special purpose
financial reports for use by an entity's management.

Cost accounting - ANSWER the systematic recording and analysis of the
costs of the materials, labor, and overhead incident to production.

Auditing - ANSWER the process of evaluating the correspondence of
certain assertions with established criteria and expressing opinion
thereon.

Tax accounting - ANSWER the preparation of tax returns and rendering
of tax advice, such as the determination of tax consequences of certain
proposed business endeavors.

Government accounting - ANSWER refers to the accounting for
government and its instrumentalities, placing emphasis on the custody of
public funds, the purposes for which those funds are committed, and the
responsibility and accountability of the individuals entrusted with those
funds.

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, Bancontact of creditcard en je bent klaar. Geen abonnement nodig.

Focus op de essentie

Focus op de essentie

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper luzlinkuz. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €14,68. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 64302 samenvattingen verkocht

Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen

Start met verkopen

Laatst bekeken door jou

Tentamen (uitwerkingen) ·

(0)

Solution Manual for Applied Partial Differential Equations with Fourier Series and Boundary Value Problems 5th Edition Richard Haberman

Tentamen (uitwerkingen) ·

(1)

Quiz Module 1: NUR2180 / NUR 2180 (Latest Update 2024 / 2025) Physical Assessment | Questions and Verified Answers | 100% Correct | Grade A - Rasmussen

Voordeelbundel ·

(0)

ATI TEAS 7 Reading Passage | ATI TEAS 7 READING QUESTIONS | ATI TEAS 7 Science Questions And Answers With Solutions Package Deal 2024/2025

Tentamen (uitwerkingen) ·

(0)

Shadow Health Focused Exam Preeclampsia Results Patient Naomi Adebayo Objective Data Collection Updated 2024/2025 with complete solution

Tentamen (uitwerkingen) ·

(0)

CSET Multiple Subjects- Subtest 1a, Domain 1 CSET Multiple Subjects Subtest 1- Reading, Language and Literature Domain 1- Language and Linguistics

Tentamen (uitwerkingen) ·

(0)

Exam 4: NUR242/ NUR 242 (New 2023/ 2024) Medical-Surgical Nursing Exam Review| Complete Guide with Questions and Verified Answers| 100% Correct- Galen

Tentamen (uitwerkingen) ·

(0)

Test Bank For Maternity and Pediatric Nursing 4th Edition by Susan Ricci; Theresa Kyle; Susan Carman 9781975139766 Chapter 1-51 Complete Guide.

Tentamen (uitwerkingen) ·

(0)

OREGON STATE BOARD SAFETY AND SANITATION REVIEW FOR BARBERI| 2024/2025 Exam PREDICTIONS|NG (SALON) EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+

Tentamen (uitwerkingen) ·

(3)

RN MATERNAL NEWBORN NGN ACTUAL FINAL EXAM 70 QUESTION AND CORRECT DETAILED REVISED ANSWERS WITH RATIONALES GUARANTEED PASS. ACTUAL SCREENSHOT

€14,68
  • (0)
In winkelwagen
Toegevoegd