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"Hey Dave. I'm also reviewing in order to become a CPA. Your videos are absolutely brilliant. I have never seen the business activities presented in such a manner... but I will remember this model for a lifetime now. Thank you so much for taking the time to record these videos. You truly are making a huge difference and impact on the world. Cheers."
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Financial accounting is the language of business. In business, we use financial accounting to report everything we do. Whether it’s paying our employees, issuing a dividend to shareholders or purchasing a capital asset, we report it. Bookkeeping ensures that we have a history of every economic activity. Summarizing all of these transactions into financial statements provides us with a general snapshot of our performance and position in the marketplace. Having this financial information at our fingertips is key to future planning and decision making.
When we start our Introduction to Financial Accounting you’ll familiarize yourself with the principles that can be applied to business scenarios, time and time again.
Get Ready to Learn Concepts Like...
- Basic Financial Accounting Elements (Assets, Liabilties, Equity)
- The Conceptual Framework of Financial Accounting
- Debits and Credits and The Double Entry Accounting System
- Depreciation and Amortization
- Preparing Cash Flow Statements
- Understanding GAAP and IFRS Standards
- Financial Statement Preparation
StartWhat is Financial Accounting? (9:27)
StartStructures of a Business (9:28)
StartInternal vs. External Users of Accounting Information (7:38)
PreviewBusiness Activities: Operating, Investing and Financing (9:04)
StartWhat are Financial Statements and the Types of Financial Statements (13:01)
StartElements of Financial Accounting (5:28)