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Financial Accounting Fundamentals: Study Notes (Chapters 1 & 2)

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The Financial Statements

  • Guided course
    Account Title Classification
    09:57
  • Guided course
    Financial Statements
    06:00

Fundamental Accounting Equation

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    Fundamental Accounting Equation
    02:47
  • Guided course
    Fundamental Accounting Equation
    08:45

Journal Entries: Debits and Credits

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

Trial Balance

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    Constructing a Trial Balance
    06:06
  • Guided course
    Using T-Accounts
    06:43

Accounting Flow Intuition: BASE Formula

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    BASE Formula: Accounts Receivable
    08:15
  • Guided course
    BASE Formula: Retained Earnings
    05:34

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

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

Useful Information

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    Enhancing Characteristics
    03:43
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    Four Underlying Assumptions
    02:49
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    Fundamental Qualitative Characteristics
    03:16

Types of Accounting

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    Types of Accounting: Financial and Managerial
    04:10