1. Introduction to Accounting
Welcome!
1. Introduction to Accounting
Welcome!
concept
Welcome!
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Skip to main contentHi everyone, Welcome to your first accounting class. My name is brian and I'm going to lead you through this course. Accounting is the language of business but it's not just for accounting or other business majors. The skills you learn here can help you when you're making a budget or even starting a business. Throughout this course. I'm going to show you the tips and tricks that help me score some of the highest marks in the nation when I took the C. P. A. Exam and it's important to note that the skills you learn in this course are going to be the foundation for many upper level business classes. So it's a good time to put in that extra effort. That being said let's get started.
Table of contents
- 1. Introduction to Accounting1h 18m
- 2. Transaction Analysis1h 14m
- 3. Accrual Accounting Concepts1h 50m
- Accrual Accounting vs. Cash Basis Accounting10m
- Revenue Recognition and Expense Recognition12m
- Introduction to Adjusting Journal Entries and Prepaid Expenses20m
- Adjusting Entries: Supplies7m
- Adjusting Entries: Unearned Revenue8m
- Adjusting Entries: Accrued Expenses8m
- Adjusting Entries: Accrued Revenues4m
- Adjusting Entries: Depreciation11m
- Summary of Adjusting Entries7m
- Unadjusted vs Adjusted Trial Balance6m
- Closing Entries10m
- Post-Closing Trial Balance2m
- 4. Merchandising Operations2h 1m
- Service Company vs. Merchandising Company10m
- Net Sales28m
- Cost of Goods Sold - Perpetual Inventory vs. Periodic Inventory9m
- Perpetual Inventory - Purchases8m
- Perpetual Inventory - Freight Costs9m
- Perpetual Inventory - Purchase Discounts6m
- Perpetual Inventory - Purchasing Summary6m
- Periodic Inventory - Purchases11m
- Periodic Inventory - Freight Costs7m
- Periodic Inventory - Purchase Discounts6m
- Periodic Inventory - Purchasing Summary1m
- Single-step Income Statement4m
- Multi-step Income Statement7m
- Comprehensive Income2m
- 5. Inventory1h 48m
- Merchandising Company vs. Manufacturing Company6m
- Physical Inventory Count, Ownership of Goods, and Consigned Goods10m
- Specific Identification7m
- Periodic Inventory - FIFO, LIFO, and Average Cost23m
- Perpetual Inventory - FIFO, LIFO, and Average Cost31m
- Financial Statement Effects of Inventory Costing Methods8m
- Lower of Cost or Market7m
- Inventory Errors14m
- 6. Internal Controls and Reporting Cash1h 16m
- 7. Receivables and Investments2h 40m
- Types of Receivables1m
- Net Accounts Receivable: Direct Write-off Method5m
- Net Accounts Receivable: Allowance for Doubtful Accounts13m
- Net Accounts Receivable: Percentage of Sales Method9m
- Net Accounts Receivable: Aging of Receivables Method11m
- Notes Receivable17m
- Introduction to Investments in Securities13m
- Trading Securities24m
- Available-for-Sale (AFS) Securities20m
- Held-to-Maturity (HTM) Securities17m
- Equity Method25m
- 8. Long Lived Assets3h 50m
- Initial Cost of Long Lived Assets42m
- Basket (Lump-sum) Purchases13m
- Ordinary Repairs vs. Capital Improvements7m
- Depreciation: Straight Line24m
- Depreciation: Declining Balance20m
- Depreciation: Units-of-Activity15m
- Depreciation: Summary of Main Methods8m
- Depreciation for Partial Years4m
- Retirement of Plant Assets (No Proceeds)11m
- Sale of Plant Assets18m
- Change in Estimate: Depreciation12m
- Intangible Assets and Amortization17m
- Natural Resources and Depletion11m
- Asset Impairments10m
- Exchange for Similar Assets11m
- 9. Current Liabilities1h 53m
- 10. Time Value of Money1h 20m
- 11. Long Term Liabilities2h 35m
- 12. Stockholders' Equity1h 58m
- Characteristics of a Corporation13m
- Shares Authorized, Issued, and Outstanding9m
- Issuing Par Value Stock12m
- Issuing No Par Value Stock5m
- Issuing Common Stock for Assets or Services8m
- Retained Earnings10m
- Retained Earnings: Prior Period Adjustments9m
- Preferred Stock11m
- Treasury Stock9m
- Dividends and Dividend Preferences12m
- Stock Dividends6m
- Stock Splits9m
- 13. Statement of Cash Flows1h 57m
- 14. Financial Statement Analysis3h 39m
- Horizontal Analysis14m
- Vertical Analysis23m
- Common-sized Statements5m
- Trend Percentages7m
- Discontinued Operations and Extraordinary Items6m
- Introduction to Ratios8m
- Ratios: Earnings Per Share (EPS)5m
- Ratios: Working Capital and the Current Ratio14m
- Ratios: Quick (Acid Test) Ratio12m
- Ratios: Gross Profit Rate4m
- Ratios: Profit Margin3m
- Ratios: Quality of Earnings Ratio6m
- Ratios: Inventory Turnover7m
- Ratios: Average Days in Inventory6m
- Ratios: Accounts Receivable (AR) Turnover7m
- Ratios: Average Collection Period (Days Sales Outstanding)6m
- Ratios: Return on Assets (ROA)3m
- Ratios: Total Asset Turnover2m
- Ratios: Fixed Asset Turnover2m
- Ratios: Profit Margin x Asset Turnover = Return On Assets4m
- Ratios: Accounts Payable Turnover3m
- Ratios: Days Payable Outstanding (DPO)5m
- Ratios: Times Interest Earned (TIE)3m
- Ratios: Debt to Asset Ratio2m
- Ratios: Debt to Equity Ratio2m
- Ratios: Payout Ratio2m
- Ratios: Dividend Yield Ratio4m
- Ratios: Return on Equity (ROE)4m
- Ratios: DuPont Model for Return on Equity (ROE)9m
- Ratios: Free Cash Flow5m
- Ratios: Price-Earnings Ratio (PE Ratio)4m
- Ratios: Book Value per Share of Common Stock3m
- Ratios: Cash to Monthly Cash Expenses3m
- Ratios: Cash Return on Assets3m
- Ratios: Economic Return from Investing3m
- Ratios: Capital Acquisition Ratio3m
- 15. GAAP vs IFRS56m
- GAAP vs. IFRS: Introduction7m
- GAAP vs. IFRS: Classified Balance Sheet6m
- GAAP vs. IFRS: Recording Differences4m
- GAAP vs. IFRS: Adjusting Entries4m
- GAAP vs. IFRS: Merchandising3m
- GAAP vs. IFRS: Inventory3m
- GAAP vs. IFRS: Fraud, Internal Controls, and Cash3m
- GAAP vs. IFRS: Receivables2m
- GAAP vs. IFRS: Long Lived Assets5m
- GAAP vs. IFRS: Liabilities3m
- GAAP vs. IFRS: Stockholders' Equity3m
- GAAP vs. IFRS: Statement of Cash Flows5m
- GAAP vs. IFRS: Analysis and Income Statement Presentation5m