The Least You Need to Know

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 Bank BS

Total Running Time: 05:45

Balance Sheet (BS), commercial bank

Commercial Bank BS

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

Total Running Time: 13:13

damages, lawsuit, Liability, Negligence

Liability

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

Special Order

Total Running Time: 06:05

contribution margin, Revenue, Special Order

Special Order

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