Faculty: CHRISTIAN E. WURST Jr. Tags: accrualAssetBalance Sheet (BS)Cash BasisConservatismDebits and CreditsDividendsExpanded Accounting EquationexpenseGainGenerally Accepted Accounting Principles (GAAP)Historical Costincome statementInternational Financial Reporting Standards (IFRS)LiabilityLossnet incomeRetained EarningsRevenuestatement of cash flows (SCF)Stockholders Equity
Accounting Cycle 10 Column Worksheet Total Running Time: 28:22 adjusting entries, Balance Sheet (BS), income statement, trial balance Accounting Cycle 10 Column Worksheet
Accounting for Cash and Bank Reconciliation Total Running Time: 16:14 Balance Sheet (BS), cash receipts, disbursements, internal control, restrictions on cash Accounting for Cash and Bank Reconciliation
Accounting for Inventory II Total Running Time: 17:31 average cost, Cost of Goods Sold (COGS), cost of inventory, First In First Out (FIFO), Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), specific identification, Weighted Average (WAVG) Accounting for Inventory II
Accounting for Inventory III Total Running Time: 18:20 Cost of Goods Sold (COGS), cost of inventory, Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), Last In First Out (LIFO) Accounting for Inventory III
Accounting for Inventory IV Total Running Time: 20:11 change in inventory, cost of inventory, Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), inventory errors, LMC, lower of cost or market, value Accounting for Inventory IV
Accounting for Receivables and Bad Debt Total Running Time: 31:43 aging receivables, Balance Sheet (BS), composite rate, estimating bad debts, factoring arrangements, income statement approach, noninterest bearing, secured borrowing, short term notes receivable Accounting for Receivables and Bad Debt
Accounting for Stock Options Total Running Time: 10:53 compinsation, expensing options, Generally Accepted Accounting Principles (GAAP), journal entries, stock option accounting, stock options Accounting for Stock Options
Accounting for the Acquisition of Property, Plant, & Equipment II Total Running Time: 28:31 capitalized interest, cost of inventory, dispositions, exchanges, Generally Accepted Accounting Principles (GAAP), intangible asset, International Financial Reporting Standards (IFRS), nonmonetary, self constructed asset Accounting for the Acquisition of Property, Plant, & Equipment II
Air Carrier Liability Total Running Time: 10:10 cargo, damange, injury, Loss, Montreal Convention, passenger, Warsaw Convention Air Carrier Liability
Allocation of Common Costs and Shared Revenues Total Running Time: 10:32 Bundled Products, Common Cost, Revenue, Shared Revenues Allocation of Common Costs and Shared Revenues
Applications of Linear Functions Total Running Time: 21:56 average cost, cost, linear depreciation, market equilibrium, profit, Revenue, supply and demand Applications of Linear Functions
Assessing Supplier Financial Health Total Running Time: 16:12 Balance Sheet (BS), Financial Ratios, income statement, standard cash flow, topic 9 Assessing Supplier Financial Health
Audit Reports Part 1 Total Running Time: 31:05 departure from promulgated principle, emphasis of matter, Generally Accepted Accounting Principles (GAAP), internal control over financial reporting, non-public, reports involving other auditors, Sarbanes-Oxley Act, standard unqualified audit report, substantial doubt, US public company Audit Reports Part 1
Balance Sheet Total Running Time: 19:18 Balance Sheet (BS), Company Data, financial statements, market value Balance Sheet
Balance Sheet Total Running Time: 17:01 assets, Balance Sheet (BS), current assets, current liabilities, Fixed Assets, liabilities, liquidity, owners equity, working capital Balance Sheet
Business Income Deductions and Accounting Methods Total Running Time: 31:09 accounting period, accrual method, deduct, expense, income, law, limitation, nondeductable, requirement, tax Business Income Deductions and Accounting Methods
Capital Investments and the Capital Budgeting Process Total Running Time: 05:52 Accrual Basis, capital budgeting, Capital Investments, Cash Basis, Payback Period (PBP) Capital Investments and the Capital Budgeting Process
Cash Flow Statement PT1 Total Running Time: 23:04 accrual accounting, Balance Sheet (BS), Big Four, cash flow statement, income statement, indirect method Cash Flow Statement PT1
Cash Flow Statement PT2 Total Running Time: 03:16 accrual accounting, Balance Sheet (BS), Big Four, cash flow statement, income statement, indirect method, long term assets, noncurrent assets Cash Flow Statement PT2
Cash Flow Statement PT3 Total Running Time: 02:48 accrual accounting, Balance Sheet (BS), Big Four, cash flow statement, income statement, indirect method, long term liability, owners equity Cash Flow Statement PT3
Cash Flows – Direct Method Total Running Time: 11:57 Balance Sheet (BS), cash flow statement, direct method, income statement, Operating Cash Flow (OCF) Cash Flows – Direct Method
Choice of Business Entity Total Running Time: 25:34 Family Income, IRC, Liability, Partnerships, Pass-Through Entity, S Corps, Tax Advantage Choice of Business Entity
Commercial Banks CAMELS Total Running Time: 05:07 commercial banks, income statement Commercial Banks CAMELS
Components of Shareholders Equity II Total Running Time: 34:37 cash dividends, dividend dates, Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), property dividends, Retained Earnings, retired shares, share buybacks, stock dividends, stock splits, treasury stock Components of Shareholders Equity II
Corporate Nonliquidation and Liquidating Distributions Total Running Time: 36:27 constructive dividend, Dividends, earnings, partial liquidations, profits, property distributions, shareholder, stock dividends, stock redemptions, tax law framework Corporate Nonliquidation and Liquidating Distributions
Corporate Valuation Overview Total Running Time: 08:37 Balance Sheet (BS), Corporate valuation, Discounted Cash Flow (DCF), enterprize value, financial statement, Free Cash Flow (FCF) Corporate Valuation Overview
Course Introduction and Stockholders Equity Basics Total Running Time: 17:02 Balance Sheet (BS), chart of accounts, SE accounts Course Introduction and Stockholders Equity Basics
Current Liabilities and Contingencies II Total Running Time: 15:20 assessment, Financial Accounting Standards Board (FASB), Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), statement no. 5, unasserted claim Current Liabilities and Contingencies II
Dollar Value LIFO Total Running Time: 11:38 Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), Last In First Out (LIFO) Dollar Value LIFO
Employment Law Total Running Time: 29:35 at will employees, benefits, Liability, minimum wage, negligent hiring, occupational safety and health act, unemployment compensation, workers compensation Employment Law
Entries for Change in Accounting Principle vs. Estimate Total Running Time: 24:46 completed contract, entry for estimate change, financial statement, First In First Out (FIFO), Generally Accepted Accounting Principles (GAAP), Last In First Out (LIFO), percent completion, principle change Entries for Change in Accounting Principle vs. Estimate
Fair Value Accounting Total Running Time: 13:28 fair value disclosures, Fair Value Hierarchy, fair value option, Generally Accepted Accounting Principles (GAAP) Fair Value Accounting
Finance Companies Total Running Time: 03:25 Asset, credit union, finance company, liabilities Finance Companies
Financial Accounting Fundamentals Part 1 Total Running Time: 37:09 adjusting entries, Closing Journal Entry (CJE), debits vs credits, general journal, general ledger, Generally Accepted Accounting Principles (GAAP), GJ and GL, JE and AJE, journal entries, real vs nominal accounts Financial Accounting Fundamentals Part 1
Financial Statements Total Running Time: 35:13 Balance Sheet (BS), cash flow, Generally Accepted Accounting Principles (GAAP), market value, Matching Principle Financial Statements
Financial Statements Total Running Time: 08:15 Balance Sheet (BS), income statement, statement of cash flows (SCF), statement of owner's equity Financial Statements
Financial Statements Total Running Time: 21:12 assets, Balance Sheet (BS), cash flow, income statement, net capital spending, net working capital, Operating Cash Flow (OCF) Financial Statements
Financial Statements for Service Companies Total Running Time: 01:00 costs, financial statement, income statement, Operating Expenses, Service Company Financial Statements for Service Companies
Financing: Debt vs Equity Total Running Time: 07:39 cash flow, debt, Dividends, equity, loan, risk Financing: Debt vs Equity
Hazard Risks: Liability Total Running Time: 06:14 legal liability, Liability, long tail, product Hazard Risks: Liability
Identify Exposures Total Running Time: 22:09 business interruption, classification methods, data privacy, Enterprise Risk Management (ERM), Hazard exposures, identification tools, intellectual property, interruption, Key Risk Indicators, KRIs, Liability, reputation, supply chain disruption, terrorism insurance, top risks Identify Exposures
Income Statement Total Running Time: 13:42 accrual accounting, assumptions, Generally Accepted Accounting Principles (GAAP), income statement, investors, Matching Principle Income Statement
Introduction to Accounting Part 2 Total Running Time: 20:07 accrual accounting, Cash Accounting, Credit, Debit, Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS) Introduction to Accounting Part 2
Introduction to Accounting Part 3 Total Running Time: 12:08 Accounting Concepts, Balance Sheet (BS), financial statements, statement of cash flows (SCF) Introduction to Accounting Part 3
Introduction to Financial Accounting Total Running Time: 19:13 accounting standards, accrual, Generally Accepted Accounting Principles (GAAP) Introduction to Financial Accounting
Introduction to Financial Statements Total Running Time: 25:37 assets, Balance Sheet (BS), cash flow statement, income statement, liabilities, sources of information Introduction to Financial Statements
Introduction to Risk Total Running Time: 04:08 Loss, possible, probability, Pure risk Introduction to Risk
Inventory V: Reorder Point, Safety Stock, Inventory Measures Total Running Time: 25:24 Asset, cost, demand, management, model, order, probabilistic, probability, service levels, supply-chain, turnover, unit Inventory V: Reorder Point, Safety Stock, Inventory Measures
Investment Income Total Running Time: 21:17 Annuity Contract, Dividends, Interest Income, Sale of Securities, Tax Treatment Investment Income
Job Costing Journal Entries Total Running Time: 05:28 Allocating, income statement, Job Costing System, Journal Entry Job Costing Journal Entries
Lease Accounting 7: Lessee Operating Lease – Subsequent Measurement Total Running Time: 09:42 asset amortization schedule, Balance Sheet (BS), book value, gl accounts, liability amotization schedule, Operating Leases, subsequent measurement, T-Account Lease Accounting 7: Lessee Operating Lease – Subsequent Measurement
Lessee’s Lease Amortization Schedule Entries and FS Effects Total Running Time: 21:53 Adjusting and Payment Entries, Bargain Purchase Option (BPO), Capital Leases, financial statements, Initial Entry, Lease Amortization Schedule, Lease Capitalization Amount, Lease end, net income, Operating Leases Lessee’s Lease Amortization Schedule Entries and FS Effects
Liability Loss Exposures Total Running Time: 17:07 bodily injury, damages, Liability, Negligence, property damage, res ipsa loquitor Liability Loss Exposures
Liability of Ocean Transportation Intermediaries Total Running Time: 06:28 cargo, freight forwarders, liable, Loss, non-vessel operating common carriers, shipping Liability of Ocean Transportation Intermediaries
Margin of Safety Operating Leverage and Cost Structure Total Running Time: 10:30 income statement, Margin of Safety, Operating Leverage Margin of Safety Operating Leverage and Cost Structure
Marginal Functions Total Running Time: 08:00 marginal cost, marginal profit, Revenue Marginal Functions
Marjor GAAP/IFRS Differences Total Running Time: 07:00 equipment, Generally Accepted Accounting Principles (GAAP), impairments, income taxes, International Financial Reporting Standards (IFRS), inventories, plant, property, uncertain tax benefits Marjor GAAP/IFRS Differences
Max and Min Business Applications Total Running Time: 10:16 cost, linear profit, maximum profit, Revenue, revenue function Max and Min Business Applications
Non-Monetary Asset Exchanges Total Running Time: 35:04 commercial substance, Conservatism, five types of exchange journal entries, non-monetary asset exchanges Non-Monetary Asset Exchanges
Polynomials Total Running Time: 17:14 cost, descending order, monomial, profit, Revenue, trinomial Polynomials
Pro Forma Financial Statement Modeling Total Running Time: 14:41 Balance Sheet (BS), financial statements, forecasting, Income statement assumptions, pro forma, the "plug" Pro Forma Financial Statement Modeling
Property, Plant, & Equipment Depreciation and Impairment II Total Running Time: 24:09 Generally Accepted Accounting Principles (GAAP), impairment, intangible asset, International Financial Reporting Standards (IFRS), Residual Value (RV), service life, value Property, Plant, & Equipment Depreciation and Impairment II
Purpose and Format of the Statement of Cash Flows – SCFs Total Running Time: 28:42 Balance Sheet (BS), cash activities and equivalents, disclosure of noncash activities, indirect direct method format, indirect method adjustment rules, OIF, operating activity methods, statement of cash flows (SCF), target amount, typical cash life cycle Purpose and Format of the Statement of Cash Flows – SCFs
Real Estate Ownership Interests Corporations Total Running Time: 09:23 Corporate Formation, Corporation, investment, Liability, Real Estate Ownership Interests Real Estate Ownership Interests Corporations
Regulatory and Buisiness Trend Implications Total Running Time: 11:53 International Financial Reporting Standards (IFRS), regulatory environment, Trends in Business Regulatory and Buisiness Trend Implications
Revenue and Expense Recognition Total Running Time: 06:35 Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), recognition rules Revenue and Expense Recognition
Revenue Recognition Pt2 Total Running Time: 26:37 completed contract, Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), long term contract, percentage of completion, profitability, ratio Revenue Recognition Pt2
Review of Lease Accounting Total Running Time: 22:38 Asset, Capital Leases, Liability, Operating Leases Review of Lease Accounting
Sell or Process Further Total Running Time: 05:53 processing, product, Revenue, Sell Sell or Process Further
Status of IFRS acceptance and the SEC Total Running Time: 06:17 Financial Accounting Standards Board (FASB), Generally Accepted Accounting Principles (GAAP), IASB, International Financial Reporting Standards (IFRS), Securities and Exchange Commission (SEC), Standards board Status of IFRS acceptance and the SEC
Stockholders Equity – Retained Earnings Total Running Time: 07:07 Dividends, Preferred Stock Dividend, Retained Earinings Stockholders Equity – Retained Earnings
Stockholder’s Equity – Paid in Capital Total Running Time: 13:55 Balance Sheet (BS), Common Stock, debt, equity, Preferred Stock, Treasury Stock Features Stockholder’s Equity – Paid in Capital
Strategy, Balanced Scorecard, Strategic Profitability Analysis Evaluate Strategy through Change in income Total Running Time: 09:28 change in income, fixed cost, Revenue, variable cost Strategy, Balanced Scorecard, Strategic Profitability Analysis Evaluate Strategy through Change in income
Strict Liability in Tort Total Running Time: 05:40 Liability, policy rationale, strict liability, tort Strict Liability in Tort
Structuring the Business Total Running Time: 10:48 debt, Entrepreneurial Business Model, Liability, Liability Risk Structuring the Business
Supply Chain Management Contribution Total Running Time: 06:12 Bottom Line, income statement, P&L, Profit and Loss, supply chain management Supply Chain Management Contribution
Supply Chain Preformance Measurement Total Running Time: 10:40 Balance Sheet (BS), benchmarking, income statement, Indexes/Indices, inventory, Return on Assets (ROA), Supply Chain Performance Measures Supply Chain Preformance Measurement
Taxes Total Running Time: 17:26 Cost of Goods Sold (COGS), depreciation, income statement, net income, Revenue, sales Taxes
The Banking System Total Running Time: 16:19 Balance Sheet (BS), banking, Federal Reserve System, money supply, T-Account The Banking System
The FASB Codification Total Running Time: 08:47 Accounting Standards Codification (ASC), Financial Accounting Standards Board (FASB), Generally Accepted Accounting Principles (GAAP), topical structure The FASB Codification
The Income Statement I Total Running Time: 26:32 comprehensive income, continuing operations, Earnings Per Share (EPS), earnings quality, management practices, net income The Income Statement I
The Problem With Elasticity Total Running Time: 10:27 Economic Responses, Elasticity, price elasticity, Revenue The Problem With Elasticity
Why Budget Total Running Time: 08:10 Budget, Future Costs, resources, Revenue, Rolling Budget Why Budget