Concepts in FRPA you are expected to know

1. Accounting Equation
2. Accounting Policies AND Accounting Standards
3. Accruals
4. Accrual Convention
5. Amortisation
6. Articles of association
7. Assets (current / non-current)
8. Associate / subsidiary / JV
9. Balance sheet
10. Benford’s Law
11. Bills receivable, bad debt, Bill Discounting
12. Bonus share
13. Book building
14. Book value
15. Borrowing costs
16. Buyback of shares
17. Capital (Authorised/issued/paid-up/subscribed)
18. Call-in arrears
19. Capital Appreciation
20. Capital Employed
21. Capital Redemption reserve
22. Capital work-in-progress
23. Cash credit
24. Cash Equivalents
25. Cash flow statement
26. Collateral
27. Conservatism
28. Contingent liability
29. Corporate Governance
30. Cost convention
31. Cost of goods sold
32. Cumulative and non –cumulative performance shares
33. Current tax expenses
34. Debenture (redeemable/irredeemable/convertible/NCD) and Bonds
35. Debit-credit rules
36. Debt capital
37. Debtor / Creditor
38. Deferred revenue expenditure
39. Deferred tax asset
40. Deferred tax expense
41. Deferred tax liability
42. Depreciable amount
43. Depreciable assets
44. Depreciation (SLM/WDV)
45. Derivative instruments
46. Diminution
47. Dividend distribution
48. DRHP
49. Dupont Analysis
50. Economic life
51. Earnings Management
52. Entity convention
53. EPS (basic and diluted)
54. Equity
55. Equity share capital
56. Expense and expenditure(cost)
57. External Audit
58. Extraordinary items
59. Exceptional Items
60. Factoring
61. Face value
62. Fair value
63. Financial assets
64. Financing activities
65. Forfeited shares
66. Forfaiting
67. Fund flow statement (cross and non-cross transactions), FFO
68. Going concern convention
69. Goodwill
70. Gross profit
71. Impairment of assets
72. Impairment loss/ reversal
73. Income statement
74. Information Asymmetry
75. Initial public offering (IPO)
76. Intangible assets
77. Internal audit
78. Internal control
79. Inventories (LIFO/FIFO/WA)
80. Investing activities
81. Investments (current and non-current, Quoted / un-quoted)
82. Investment property
83. Journal, Ledger, Trial Balance
84. Leases (operating and finance)
85. Lemon’s Problem
86. Leverage (Operating, Financial)
87. Liability (current / non-current)
88. Limited liability company
89. Liquidity
90. Loans and receivables
91. Management discussion and analysis (MDA)
92. Market capitalisation
93. Marketable securities
94. Matching convention/concept
95. Materiality
96. Memorandum of association
97. Minority Interest (non-controlling interest)
98. Money measurement convention
99. Moral Hazard
100. Net realisable value (NRV)
101. Net worth
102. Non-current assets and liabilities
103. Operating activities
104. Operating cycle including CCC
105. Other Comprehensive Income and Total Comprehensive Income
106. Pari-Passu
107. Partnership firm/LLP
108. Periodicity convention
109. Preference share capital (including types)
110. Preliminary and pre-operative expenses
111. Prepaid expenses
112. Present value
113. Profit (Gross, Operating, Net) and Margins
114. Provisions
115. Prudence
116. P/E multiple
117. Ratios (Liquidity/solvency/Turnover/Profitability/Market)
118. Receivables – trade/non-trade
119. Realisation convention
120. RoA/RoI/RoE/RoNW
121. RPT
122. Retained Profit / Reserves (revenue(or) free/capital)
123. Residual value
124. Revenue and Income
125. Rights issue
126. Secured debt (creating ‘charges’)
127. Securitisation
128. Share premium
129. Shares (equity, preference, DVR, encumbered, Treasury)
130. Substance over form
131. Supply Chain Finance
132. Surplus
133. Suspense account
134. Trade investment
135. Trade payable / receivable
136. Trial balance
137. Unearned Revenue
138. Useful life
139. Warrant
140. Working capital (Gross and Net)