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Financial Accounting: Chapter 1 – Accounting and the Business Environment (A2 Easy English Edition)

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Welcome!

  • Guided course
    Welcome!
    00:37

Types of Accounting

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    Types of Accounting: Financial and Managerial
    04:10

Business Organization

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    Business Organization
    06:59

Useful Information

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    Fundamental Qualitative Characteristics
    03:16

Fundamental Accounting Equation

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    Fundamental Accounting Equation
    02:47
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    Fundamental Accounting Equation
    08:45

The Financial Statements

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    Account Title Classification
    09:57

Journal Entries: Debits and Credits

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    Journal Entries: Debits and Credits
    02:35
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    Journal Entry
    04:24

Journal Entries: Business Formation Example

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    Journal Entries: Business Formation
    02:48
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    Journal Entries: Business Formation
    04:22
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    Journal Entries: Business Formation
    04:06

Trial Balance

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    Constructing a Trial Balance
    06:06
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    Using T-Accounts
    06:43

Accrual Accounting vs. Cash Basis Accounting

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    Cash Basis Accounting
    04:05
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    Accrual Accounting
    06:49

Revenue Recognition and Expense Recognition

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    Revenue Recognition Principle
    03:24
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    Expense Recognition - The Matching Principle
    04:18

Introduction to Adjusting Journal Entries and Prepaid Expenses

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    Step-by-Step Process for Prepaid Expenses
    04:19
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    Introduction to Adjusting Journal Entries
    02:56
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    Adjusting Journal Entries:Prepaid Expenses (Accrual Accounting Method)
    08:12

Closing Entries

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    Introduction to Closing Entries:Temporary and Permanent Accounts
    02:37
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    Closing Journal Entries
    08:02

Post-Closing Trial Balance

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    Post-Closing Trial Balance
    02:33

Ratios: Return on Assets (ROA)

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    Ratios: Return on Assets (ROA)
    03:42