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Financial Accounting Final Exam Review: Comprehensive Study Notes

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Cost of Goods Sold - Perpetual Inventory vs. Periodic Inventory

  • Percorso guidato
    Cost of Goods Sold:Perpetual Inventory
    03:41
  • Percorso guidato
    Cost of Goods Sold:Periodic Inventory
    05:53

Journal Entries: Debits and Credits

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    Journal Entries: Debits and Credits
    02:35
  • Percorso guidato
    Journal Entry
    04:24

Journal Entries: Business Formation Example

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    Journal Entries: Business Formation
    02:48
  • Percorso guidato
    Journal Entries: Business Formation
    04:22
  • Percorso guidato
    Journal Entries: Business Formation
    04:06

Adjusting Entries: Supplies

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    Adjusting Journal Entries: Supplies (Accrual Accounting Method)
    05:03
  • Percorso guidato
    Adjusting Journal Entries: Supplies (Cash Basis to Accrual Method)
    02:41

Adjusting Entries: Unearned Revenue

  • Percorso guidato
    Adjusting Journal Entries: Unearned Revenue (Accrual Accounting Method)
    05:51
  • Percorso guidato
    Adjusting Entries: Unearned Revenue (Cash Basis to Accrual Method)
    02:46

Adjusting Entries: Accrued Expenses

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    Adjusting Journal Entries: Accrued Expenses
    07:59

Adjusting Entries: Accrued Revenues

  • Percorso guidato
    Adjusting Journal Entries: Accrued Revenues
    04:56

Depreciation: Straight Line

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    Straight Line Method Through Life of Asset
    05:42
  • Percorso guidato
    Introduction to Depreciation
    11:55
  • Percorso guidato
    Straight Line Depreciation
    06:30

Depreciation: Declining Balance

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    Double Declining Balance (DDB) Depreciation
    12:39
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    Double Declining Balance (DDB) Depreciation
    07:25

Classified Balance Sheet Components

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    Classified Balance Sheet Components
    06:38

The Financial Statements

  • Percorso guidato
    Account Title Classification
    09:57

Closing Entries

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

Trial Balance

  • Percorso guidato
    Constructing a Trial Balance
    06:06
  • Percorso guidato
    Using T-Accounts
    06:43

Net Accounts Receivable: Direct Write-off Method

  • Percorso guidato
    Net Accounts Receivable: Direct Write-off Method
    05:59

Net Accounts Receivable: Allowance for Doubtful Accounts

  • Percorso guidato
    Allowance for Doubtful Accounts
    05:50
  • Percorso guidato
    Net Accounts Receivable: Allowance for Doubtful Accounts
    08:06

Revenue Recognition and Expense Recognition

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