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Step-by-Step Guidance for Financial Accounting Exam Questions

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Classified Balance Sheet Components

  • Percorso guidato
    Classified Balance Sheet Components
    06:38

Adjusting Entries: Depreciation

  • Percorso guidato
    Adjusting Journal Entries: Depreciation (First Year)
    08:50
  • Percorso guidato
    Adjusting Journal Entries: Depreciation (Second Year)
    02:09

Adjusting Entries: Accrued Expenses

  • Percorso guidato
    Adjusting Journal Entries: Accrued Expenses
    07:59

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 Revenues

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

Financial Statement Effects of Inventory Costing Methods

  • Percorso guidato
    Financial Statement Effects of Inventory Costing Methods:Rising Prices
    07:32
  • Percorso guidato
    Financial Statement Effects of Inventory Costing Methods:Falling Prices
    03:00

Lower of Cost or Market

  • Percorso guidato
    Lower of Cost or Market
    07:09

Initial Cost of Long Lived Assets

  • Percorso guidato
    Introduction to Plant Assets (Fixed Assets, PPE)
    11:36
  • Percorso guidato
    Initial Cost of Buildings
    02:00
  • Percorso guidato
    Initial Cost of Land
    09:26

Depreciation: Straight Line

  • Percorso guidato
    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

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

Depreciation: Units-of-Activity

  • Percorso guidato
    Units-of-Activity Depreciation
    04:54
  • Percorso guidato
    Units-of-Activity Depreciation
    07:44
  • Percorso guidato
    Units-of-Activity Depreciation
    03:17

Depreciation for Partial Years

  • Percorso guidato
    Depreciation for Partial Years
    04:51

Journal Entries: Debits and Credits

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

Trial Balance

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

Revenue Recognition and Expense Recognition

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

Accrual Accounting vs. Cash Basis Accounting

  • Percorso guidato
    Cash Basis Accounting
    04:05
  • Percorso guidato
    Accrual Accounting
    06:49

Closing Entries

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

Post-Closing Trial Balance

  • Percorso guidato
    Post-Closing Trial Balance
    02:33

Characteristics of a Corporation

  • Percorso guidato
    Corporations:Advantages and Disadvantages
    04:40
  • Percorso guidato
    Corporations:Stockholders' Rights
    05:20

Retained Earnings

  • Percorso guidato
    Retained Earnings and the BASE Formula
    04:45
  • Percorso guidato
    Retained Earnings and the BASE Formula
    05:57

Retained Earnings

  • Percorso guidato
    Retained Earnings and the BASE Formula
    04:45
  • Percorso guidato
    Retained Earnings and the BASE Formula
    05:57

Introduction to Investments in Securities

  • Percorso guidato
    Investment Classification Summary
    06:41
  • Percorso guidato
    Introduction to Cost Method Investments
    06:41

Contingent Liabilities

  • Percorso guidato
    Contingent Liabilities and Gains
    07:27

Useful Information

  • Percorso guidato
    Fundamental Qualitative Characteristics
    03:16