Basics of Financial Accounting
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What is Financial Accounting? (9:27)
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Structures of a Business (9:28)
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Internal vs. External Users of Accounting Information (7:38)
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Business Activities: Operating, Investing and Financing (9:04)
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What are Financial Statements and the Types of Financial Statements (13:01)
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Elements of Financial Accounting (5:28)
Assets, Liabilities and Equity
The Double Entry System and Conceptual Framework
The Accounting Cycle
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Journal Entries and The Accounting Cycle (9:15)
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General Ledger, T Accounts and The Accounting Cycle (8:40)
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Trial Balance Statement and The Accounting Cycle (7:19)
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Adjusting Entries for Accrued Expenses (12:03)
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Adjusting Entries for Prepaid Expenses (5:24)
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Adjusting Entries for Unearned Revenues (6:48)
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Adjusting Entries for Accrued Revenue (5:22)
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Adjusting Entries for Amortization and Depreciation (9:46)
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Prepare an Adjusted Trial Balance Statement (9:59)
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Preparing the Financial Statements (9:47)
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Permanent Vs. Temporary Accounts (5:27)
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How To Prepare Closing Entries (8:26)
Merchandise Inventory
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Introduction to Merchandise Inventory (6:50)
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Perpetual Vs. Periodic Inventory System (7:03)
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Perpetual Inventory System and How to Journalize Purchase Entries (10:28)
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Perpetual Inventory System Sales Entries (9:42)
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Prepare a Multiple Step Income Statement (10:20)
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Purchase Journal Entries for the Periodic Inventory System (6:43)
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Periodic Inventory System and the Multiple Step Income Statement (9:46)
Cost Flow Assumptions: FIFO, LIFO, and Average Cost Methods
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Specific Identification Method and Expensing Inventory (5:40)
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FIFO Method, First in First Out Method for Expensing Inventory (10:56)
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Weighted Average Cost Flow Method for Expensing Inventory (9:29)
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LIFO Method, Last in First Out Method for Expensing Inventory (10:46)
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Prepare the Average Cost Method for a Perpetual Inventory System (7:38)
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Analyzing the Cost Flow Assumptions: FIFO, Average Cost, LIFO Methods (8:50)
Receivables and Bad Debts
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Intro to the Allowance Method and Uncollectible Accounts (6:09)
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Allowance for Doubtful Accounts Part 2 (6:55)
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Sales Method for Estimating Bad Debts Expense (8:08)
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Percentage of Receivables Method for Bad Debts Expense (8:22)
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Aging Table and Percentage of Receivables Method Part 2 (6:46)
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Write Off Receivables Using the Allowance Method (7:00)
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Direct Write Off Method for Receivables (8:17)
Revenue Recognition: Critical Point and Gradual Recognition
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Revenue Recognition Principle for Accrual Based Accounting (7:59)
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Revenue Recognition Examples: Consignment, Criteria, Long Term Contracts (8:04)
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Summary of Percentage of Completion, Cost Recovery,Completed Contract Methods (9:22)
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Percentage of Completion Method for Long Term Contracts (9:53)
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Percentage of Completion Method Journal Entries (12:25)
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Percentage of Completion: Journalize Losses in Period and on Contracts (11:13)
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Cost Recovery Method and Deferred Income (9:37)
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Completed Contract Method Explanation and Journal Entries (4:51)
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Completed Contract Method and Losses in a Period and on Contract (4:41)
Depreciation of Fixed Assets and Gains and Losses
Intangible Assets
The Indirect Cash Flow Statement
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Preparing a Cash Flow Statement using Indirect Method: Part 1 (7:08)
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Cash Flow Statement using Indirect Method: Part 2, Receivables (10:14)
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Cash Flow Statement using the Indirect Method: Part 3, Inventory (4:07)
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Cash Flow Statement using Indirect Method: Part 4, Payables (4:11)
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Cash Flow Statement using Indirect Method: Part 5, Non Cash Expenses (4:54)
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Cash Flow Statement: Investing and Financing Activities (8:54)
