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Accounting Concept Videos

Accounting Video Lessons

Concept, example, and practice videos to guide you through the topics in your specific textbook.

Ch. 1 - Introduction to Accounting

Welcome! Types of Accounting Business Organization Useful Information Fundamental Accounting Equation The Financial Statements Sample Financial Statements - Coca Cola

Ch. 2 - Transaction Analysis

Journal Entries: Debits and Credits Accounting Flow Intuition: BASE Formula Journal Entries: Business Formation Example Trial Balance Classified Balance Sheet Components

Ch. 3 - Accrual Accounting Concepts

Accrual Accounting vs. Cash Basis Accounting Revenue Recognition and Expense Recognition Introduction to Adjusting Journal Entries and Prepaid Expenses Adjusting Entries: Supplies Adjusting Entries: Unearned Revenue Adjusting Entries: Accrued Expenses Adjusting Entries: Accrued Revenues Adjusting Entries: Depreciation Summary of Adjusting Entries Unadjusted vs Adjusted Trial Balance Closing Entries Post-Closing Trial Balance

Ch. 4 - Merchandising Operations

Service Company vs. Merchandising Company Net Sales Cost of Goods Sold - Perpetual Inventory vs. Periodic Inventory Perpetual Inventory - Purchases Perpetual Inventory - Freight Costs Perpetual Inventory - Purchase Discounts Perpetual Inventory - Purchasing Summary Periodic Inventory - Purchases Periodic Inventory - Freight Costs Periodic Inventory - Purchase Discounts Periodic Inventory - Purchasing Summary Single-step Income Statement Multi-step Income Statement Comprehensive Income

Ch. 5 - Inventory

Merchandising Company vs. Manufacturing Company Physical Inventory Count, Ownership of Goods, and Consigned Goods Specific Identification Periodic Inventory - FIFO, LIFO, and Average Cost Perpetual Inventory - FIFO, LIFO, and Average Cost Financial Statement Effects of Inventory Costing Methods Lower of Cost or Market Inventory Errors

Ch. 6 - Internal Controls and Reporting Cash

Fraud and the Fraud Triangle Sarbanes-Oxley Act Five Components of Internal Controls Principles of Control Activities Limitations of Internal Controls Petty Cash Bank Reconciliation Journal Entries for Bank Reconciliation

Ch. 7 - Receivables and Investments

Types of Receivables Net Accounts Receivable: Direct Write-off Method Net Accounts Receivable: Allowance for Doubtful Accounts Net Accounts Receivable: Percentage of Sales Method Net Accounts Receivable: Aging of Receivables Method Notes Receivable Introduction to Investments in Securities Trading Securities Available-for-Sale (AFS) Securities Held-to-Maturity (HTM) Securities Equity Method

Ch. 8 - Long Lived Assets

Initial Cost of Long Lived Assets Basket (Lump-sum) Purchases Ordinary Repairs vs. Capital Improvements Depreciation: Straight Line Depreciation: Declining Balance Depreciation: Units-of-Activity Depreciation: Summary of Main Methods Depreciation for Partial Years Retirement of Plant Assets (No Proceeds) Sale of Plant Assets Change in Estimate: Depreciation Intangible Assets and Amortization Natural Resources and Depletion Asset Impairments Exchange for Similar Assets

Ch. 9 - Current Liabilities

Types of Liabilities Notes Payable Payroll and Payroll Taxes Sales Tax Payable Current Portion of Long Term Debt Contingent Liabilities Estimated Liabilities: Warranties

Ch. 10 - Time Value of Money

Time Value of Money Equations Using Time Value of Money Tables

Ch. 11 - Long Term Liabilities

Introduction to Bonds and Bond Characteristics Face Value Bonds Discount on Bonds Premium on Bonds Zero Coupon Bonds Straight Line Amortization of Bond Premium or Discount Effective Interest Amortization of Bond Premium or Discount Redeeming Bonds before Maturity

Ch. 12 - Stockholders' Equity

Characteristics of a Corporation Shares Authorized, Issued, and Outstanding Issuing Par Value Stock Issuing No Par Value Stock Issuing Common Stock for Assets or Services Retained Earnings Retained Earnings: Prior Period Adjustments Preferred Stock Treasury Stock Dividends and Dividend Preferences Stock Dividends Stock Splits

Ch. 13 - Statement of Cash Flows

Introduction to the Statement of Cash Flows Operating Activities: Indirect Method Operating Activities: Direct Method Investing Activities Financing Activities Significant Noncash Activities

Ch. 14 - Financial Statement Analysis

Horizontal Analysis Vertical Analysis Common-sized Statements Trend Percentages Discontinued Operations and Extraordinary Items Introduction to Ratios Ratios: Earnings Per Share (EPS) Ratios: Working Capital and the Current Ratio Ratios: Quick (Acid Test) Ratio Ratios: Gross Profit Rate Ratios: Profit Margin Ratios: Quality of Earnings Ratio Ratios: Inventory Turnover Ratios: Average Days in Inventory Ratios: Accounts Receivable (AR) Turnover Ratios: Average Collection Period (Days Sales Outstanding) Ratios: Return on Assets (ROA) Ratios: Total Asset Turnover Ratios: Fixed Asset Turnover Ratios: Profit Margin x Asset Turnover = Return On Assets Ratios: Accounts Payable Turnover Ratios: Days Payable Outstanding (DPO) Ratios: Times Interest Earned (TIE) Ratios: Debt to Asset Ratio Ratios: Debt to Equity Ratio Ratios: Payout Ratio Ratios: Dividend Yield Ratio Ratios: Return on Equity (ROE) Ratios: DuPont Model for Return on Equity (ROE) Ratios: Free Cash Flow Ratios: Price-Earnings Ratio (PE Ratio) Ratios: Book Value per Share of Common Stock Ratios: Cash to Monthly Cash Expenses Ratios: Cash Return on Assets Ratios: Economic Return from Investing Ratios: Capital Acquisition Ratio

Ch. 15 - GAAP vs IFRS

GAAP vs. IFRS: Introduction GAAP vs. IFRS: Classified Balance Sheet GAAP vs. IFRS: Recording Differences GAAP vs. IFRS: Adjusting Entries GAAP vs. IFRS: Merchandising GAAP vs. IFRS: Inventory GAAP vs. IFRS: Fraud, Internal Controls, and Cash GAAP vs. IFRS: Receivables GAAP vs. IFRS: Long Lived Assets GAAP vs. IFRS: Liabilities GAAP vs. IFRS: Stockholders' Equity GAAP vs. IFRS: Statement of Cash Flows GAAP vs. IFRS: Analysis and Income Statement Presentation

Explore Textbooks

Financial Accounting

Harrison • 10th Edition

ISBN-13: 978-0133805451

Financial Accounting

Harrison • 11th Edition

ISBN-13: 978-0134417363

Horngren's Financial and Managerial Accounting

Horngren, Miller-Nobles, Mattison, Matsumura • 6th Edition

ISBN-13: 9780134486833

Financial Accounting

Kimmel • 8th Edition

ISBN-13: 978-1119221647

Financial Accounting

Libby, Libby, Short • 7th Edition

ISBN-13: 978-1259222139

Financial Accounting

Libby, Libby, Short • 8th Edition

ISBN-13: 978-0078025556

Fundamentals of Financial Accounting

Phillips, Libby, & Libby • 3rd Edition

Fundamentals of Financial Accounting

Phillips, Libby, & Libby • 5th Edition

ISBN-13: 978-0078025914

Financial Accounting

Spiceland • 2nd Edition

Financial Accounting

Spiceland • 3rd Edition

ISBN-13: 978-1259112768

Financial Accounting

Spiceland • 4th Edition

ISBN-13: 978-1259307959

Financial Accounting

Thomas, Tietz, and Harrison Jr. • 12th Edition

ISBN-13: 978-0134727066

Financial & Managerial Accounting

Warren • 13th Edition

ISBN-13: 978-1285866307

Financial & Managerial Accounting

Warren, Reeve, Duchac • 14th Edition

ISBN-13: 978-1337119207

Financial Accounting

Weygandt • 9th Edition

ISBN-13: 978-1118334324

Financial Accounting

Weygandt, Kieso, Kimmel • 10th Edition

ISBN-13: 978-1119305736

Financial and Managerial Accounting

Wild • 7th Edition