2003, prepared for mid-sessions

• Australian School of Business
• School of Accounting
• ACCT1501 - Accounting and Financial Management 1A

Resource Sample

Katharine Shum 2003 WEEK 2-Accrual concepts in accounting: Definition and recognition criteria: - ASSETS: Essential characteristics 1. Past transaction 2. Presently controlled by entity 3. Brings future economic benefit Non-essential characteristics: 1. Tangibility 2. Exchangeability 3. Legal enforceability 4. Acquisition cost (evidence of purchase) ~Recognition criteria: Yes: recognised in SFPo No: disclosed in notes 1. Probable that future benefits will eventuate 2. Measured reliably the ...

Resource Topics

• Accountancy
• Asset
• Business
• Cash flow statement
• Depreciation
• Expense
• Finance
• Financial ratio
• Generally Accepted Accounting Principles
• Historical cost
• Operating cash flow
• Working capital

Relevant Resources

Fairly basic lecture notes (83.3%)

2008 Accounting Fundamentals Exam with solutions (75.0%)

Acct1151 Course notes (75.0%)

ACCT 1511 notes&summary (75.0%)

Management Accounting Notes (75.0%)

INTRO TO FINANCIAL ACCOUNTING PAST EXAM SOLUTIONS (75.0%)

ACCT2001 notes (75.0%)

General notes for accounting (75.0%)

ACCT 1511 homework (75.0%)

accounting notes (75.0%)