Embedded Files
Below you'll find videos created to introduce you to the world of Financial Accounting.
Preview of Financial Accounting
Preview
This video provides a preview of the content for this series of videos.
What Accounting Is and Why It's Awesome
Unit 01_Video 01
This video provides an overview of accounting and its role in business
The Books! Keep Them and Close Them
Unit 01_Video 02
This video provides an overview of double-entry bookkeeping and the classified balance sheet
Profit: The Dragon
Unit 01_Video 03
This video provides an explanation of profit and the two principles that help us find it.
Adjustments: To Make Profit Meaningful
Unit 01_Video 04
This video provides an explanation of accrual and deferral adjusting journal entries.
Closing the Books!
Unit 01_Video 05
This video provides an explanation of the closing process.
Merchandising: Selling Stuff Instead of Services
Unit 02_Video 01
This video provides an overview of accounting for merchandising businesses
FIFO, LIFO...What?!
Unit 02_Video 02
This video provides an overview of inventory cost flow assumptions
FIFO, LIFO...What?! Continued...
Unit 02_Video 03
This video provides an overview of additional valuation procedures related to inventory
Notes Receivable: Where Revenue Recognition Goes to Party
Unit 02_Video 04
This video provides an overview of the accounting for short-term notes receivable.
Accounts Receivable: Extending Credit and Collecting Cash
Unit 02_Video 05
This video provides an overview of the accounting for short-term notes receivable.
Long-Term Assets: A Going Concern
Unit 03_Video 01
This video provides an overview of the accounting for long-term assets
Long-Term Liabilities: This is gonna take years
Unit 03_Video 03
This video provides an overview of the accounting for long-term liabilities
Stockholders' Equity: Having Your Pie and Slicing It, Too
Unit 04_Video 01
This video provides an overview of accounting for the issuance of stock in a corporation.
https://corpfiles.delaware.gov/whycorporations_web.pdf
Great overview of why large corporations choose to incorporate in Delaware
Paying Cash Dividends
Unit 04_Video 02
This video provides an overview of accounting for cash dividends.
Stock "Dividends," Splits, and Market Capitalization
Unit 04_Video 03
This video provides an overview of accounting for stock dividends, stock splits, and a brief intro to market cap.
The Cash Flow Statement: The Indirect Route (Part 1)
Unit 04_Video 04
This video provides an overview of the preparation of the operating section of the cash flow statement.
The Cash Flow Statement: The Indirect Route (Part 2)
Unit 04_Video 05
This video provides an overview of the preparation of the investing and financing sections of the cash flow statement.
More Goodies Below!!
Below you will find a series of videos in which I walk through financial accounting problems. These are associated with topics discussed in the overview videos above.
Financial Statements
Video 01: In this video, I walk through the basics of financial statements.
Journal & Ledger
Video 02: In this video, I walk through the basics of the journal and the ledger.
Revenue & Expense Recognition
Video 03: In this video, I walk through the basics of Revenue and Expense Recognition.
Adjustments & Closing
Video 04: In this video, I walk through the basics of the adjusting process and the closing process.
Inventory: Initial Measurement
In this video, I walk through how the inventory cost flow assumptions (FIFO, LIFO, and W-A) work under the periodic inventory method.
Inventory: Subsequent Measurement
In this video, I walk through the additional valuation procedure (LCNRV).
Inventory: Subsequent Measurement
In this video, I walk through the additional valuation procedure (LCM).
Notes Receivable
In this video, I walk through the accounting for notes receivable, including calculations of accrued interest.
A/R & Bad Debts: % of Sales Method
This video covers accounting for A/R and bad debts using the percentage of credit sales method.
A/R & Bad Debts: % of Receivables Method
This video covers accounting for A/R and bad debts using the percentage of receivables method.
Long-Term Assets: Acquisition
This video covers the accounting for acquiring a long-term asset
Long-Term Assets: Use
This video covers the accounting for depreciation.
Long-Term Assets: Disposal
This video covers the accounting for disposing of long-term assets.
Long-Term Liabilities: Installment Notes
This video covers the accounting for installment notes.
Payroll Liabilities
This video covers the accounting for payroll liabilities such as FICA taxes and Federal Income Taxes.
Google Sites
Report abuse