Introduction to Accounting

Sample Financial Statements - Coca Cola

Here are some sample financial statements!

Statement of Cash Flows - Coca Cola

Balance Sheet - Coca Cola

Statement of Stockholder's Equity - Coca Cola

Income Statement - Coca Cola

Learn the toughest concepts covered in your Financial Accounting class with step-by-step video tutorials and practice problems.

Brian

Financial Accounting

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Brian Krogol

Transaction Analysis

Accrual Accounting Concepts

Merchandising Operations

Inventory

Internal Controls and Reporting Cash

Receivables and Investments

Long Lived Assets

Current Liabilities

Time Value of Money

Long Term Liabilities

Stockholders' Equity

Statement of Cash Flows

Financial Statement Analysis

GAAP vs IFRS

[BOOK ACG1] Clutch

Zero Coupon Bonds

Depreciation: Declining Balance

GAAP vs. IFRS: Adjusting Entries

Operating Activities: Direct Method

Retained Earnings: Prior Period Adjustments

Preferred Stock

Change in Estimate: Depreciation

Depreciation: Summary of Main Methods

Estimated Liabilities: Warranties

Ratios: Times Interest Earned (TIE)

Ordinary Repairs vs. Capital Improvements

Service Company vs. Merchandising Company

Ratios: Return on Equity (ROE)

Vertical Analysis

Retirement of Plant Assets (No Proceeds)

Adjusting Entries: Accrued Revenues

Retained Earnings

Revenue Recognition and Expense Recognition

Perpetual Inventory - Freight Costs

Ratios: Economic Return from Investing

Petty Cash

Redeeming Bonds before Maturity

GAAP vs. IFRS: Liabilities

Perpetual Inventory - Purchase Discounts

Ratios: Total Asset Turnover

Comprehensive Income

GAAP vs. IFRS: Inventory

Unadjusted vs Adjusted Trial Balance

Ratios: Average Collection Period (Days Sales Outstanding)

Net Accounts Receivable: Percentage of Sales Method

GAAP vs. IFRS: Fraud, Internal Controls, and Cash

Types of Receivables

Bank Reconciliation

Five Components of Internal Controls

Ratios: Debt to Equity Ratio

Sarbanes-Oxley Act

Available-for-Sale (AFS) Securities

Significant Noncash Activities

Summary of Adjusting Entries

Current Portion of Long Term Debt

Depreciation for Partial Years

Perpetual Inventory - Purchases

Specific Identification

Business Organization

Net Accounts Receivable: Direct Write-off Method

Discount on Bonds

Ratios: Cash Return on Assets

Welcome!

The Financial Statements

Ratios: Accounts Receivable (AR) Turnover

Sale of Plant Assets

Limitations of Internal Controls

Natural Resources and Depletion

Adjusting Entries: Unearned Revenue

Inventory Errors

Cost of Goods Sold - Perpetual Inventory vs. Periodic Inventory

Physical Inventory Count, Ownership of Goods, and Consigned Goods

Ratios: Profit Margin

Accrual Accounting vs. Cash Basis Accounting

Equity Method

Intangible Assets and Amortization

Issuing Common Stock for Assets or Services

Issuing No Par Value Stock

Journal Entries: Business Formation Example

Basket (Lump-sum) Purchases

Using Time Value of Money Tables

Ratios: Cash to Monthly Cash Expenses

Adjusting Entries: Supplies

Trading Securities

Perpetual Inventory - FIFO, LIFO, and Average Cost

Periodic Inventory - Freight Costs

Lower of Cost or Market

Notes Payable

Financing Activities

Shares Authorized, Issued, and Outstanding

Accounting Flow Intuition: BASE Formula

Initial Cost of Long Lived Assets

Merchandising Company vs. Manufacturing Company

Introduction to Ratios

Journal Entries: Debits and Credits

Now we can learn how to record the effects of events in the accounting system. Debits and Credits, Debits and Credits, Debits and Credits... you're going to be hearing it a lot!

Journal Entries for Bank Reconciliation

Ratios: Debt to Asset Ratio

Stock Splits

Ratios: Return on Assets (ROA)

Issuing Par Value Stock

Ratios: Accounts Payable Turnover

Exchange for Similar Assets

Types of Accounting

GAAP vs. IFRS: Introduction

Closing Entries

Periodic Inventory - FIFO, LIFO, and Average Cost

Dividends and Dividend Preferences

Ratios: Payout Ratio

Ratios: Inventory Turnover

Fundamental Accounting Equation

Ratios: Quality of Earnings Ratio

Payroll and Payroll Taxes

GAAP vs. IFRS: Merchandising

Investing Activities

Ratios: Quick (Acid Test) Ratio

GAAP vs. IFRS: Stockholders' Equity

Ratios: Free Cash Flow

Asset Impairments

Ratios: Days Payable Outstanding (DPO)

Periodic Inventory - Purchases

Net Sales

Ratios: Gross Profit Rate

Discontinued Operations and Extraordinary Items

Treasury Stock

Useful Information

GAAP vs. IFRS: Statement of Cash Flows

Ratios: DuPont Model for Return on Equity (ROE)

Periodic Inventory - Purchase Discounts

Ratios: Book Value per Share of Common Stock

Common-sized Statements

Net Accounts Receivable: Allowance for Doubtful Accounts

Notes Receivable

Ratios: Working Capital and the Current Ratio

Principles of Control Activities

Ratios: Dividend Yield Ratio

Held-to-Maturity (HTM) Securities

GAAP vs. IFRS: Analysis and Income Statement Presentation

Stock Dividends

Face Value Bonds

GAAP vs. IFRS: Classified Balance Sheet

Ratios: Earnings Per Share (EPS)

Horizontal Analysis

Ratios: Fixed Asset Turnover

Ratios: Average Days in Inventory

Time Value of Money Equations

GAAP vs. IFRS: Recording Differences

Adjusting Entries: Accrued Expenses

Contingent Liabilities

Ratios: Price-Earnings Ratio (PE Ratio)

Ratios: Profit Margin x Asset Turnover = Return On Assets

Straight Line Amortization of Bond Premium or Discount

Introduction to the Statement of Cash Flows

Effective Interest Amortization of Bond Premium or Discount

Adjusting Entries: Depreciation

Classified Balance Sheet Components

Sales Tax Payable

Introduction to Bonds and Bond Characteristics

Characteristics of a Corporation

Net Accounts Receivable: Aging of Receivables Method

Ratios: Capital Acquisition Ratio

Types of Liabilities

Fraud and the Fraud Triangle

Trend Percentages

Perpetual Inventory - Purchasing Summary

Periodic Inventory - Purchasing Summary

Operating Activities: Indirect Method

Financial Statement Effects of Inventory Costing Methods

Multi-step Income Statement

Introduction to Investments in Securities

Trial Balance

Depreciation: Straight Line

Post-Closing Trial Balance

GAAP vs. IFRS: Long Lived Assets

Depreciation: Units-of-Activity

GAAP vs. IFRS: Receivables

Premium on Bonds

Single-step Income Statement

Introduction to Adjusting Journal Entries and Prepaid Expenses

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