91176 Prepare Financial Information - Home Use
91176 Prepare Financial Information - Home Use
LearnWell Digital
This version of the resource is for home use. Students work independently through the resource. If you are a teacher, you should purchase the school use version.
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What you'll learn
This course covers the things you'll need to know and be able to do for achievement standard, 91176 (Accounting 2.3) Prepare financial information for an entity that operates accounting subsystems.
In it you'll find answers to questions like:
- What are accounts receivable, accounts payable, bad debts, doubtful debts, balance-day adjustments, accrued expenses, accrued income, income in advance and prepayments?
- How is inventory adjusted to net realisable value?
- How do we close equity accounts and what are closing entries?
- How do we prepare an Income Statement and Statement of Financial Position for a service entity?
- How do we prepare Statements of Cash Flows?
LearnWell Digital resources bring you the same great learning as in our books - but in an interactive digital format. They are accessed by using the iQualify online learning platform, where you'll find all your digital resources together in one place.
You can find out more on the information page about our LearnWell Digital resources.
