Financial Accounting Lectures (Tutorials)
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Accounting, accounting information and double-entry bookkeeping; financial and managerial accounting; basic financial statements (income statement, statement of cash flows, statement of changes in owners' equity and balance sheet); permanent (real) and temporary (nominal) accounts; four types of accounting transactions.
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Accruals and accrual accounting; accounts receivable and salary payable; interest receivable, interest revenue, interest payable, and interest expense.
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Deferrals and accounting allocation; unearned revenue and revenue recognition; historical cost, book (carrying) value of fixed asset, depreciation expense; prepayments (prepaid expenses).
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T-account, debit, credit, and account balance; double entry bookkeeping system; general journals, ledgers, posting process; closing entries.
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Cost of goods available for sale, cost of goods sold (COGS), gross margin, inventory; selling and administrative expenses; multi-step income statement and single-step income statement.
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Accounts receivable, notes receivable, and notes payable; allowance for bad debt, bad debt expense, and net realizable value; direct write off method; warranties; interest-bearing notes, discount notes, discount amortization, and discount on notes payable.
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Lower of cost or market (LCM) rule; inventory cost flow methods (specific identification, first in first out (FIFO), last in first out (LIFO), weighted average); cost flow and physical flow of inventory.
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Property, plan and equipment and depreciation; intangible assets and amortization; natural resources and depletion; historical cost.
Managerial Accounting Lectures (Tutorials)
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Cost drivers; variable, fixed, step variable and mixed costs; relevant range; methods to estimate total product costs: the high-low method, a scatter-graph, and least-squares regression.
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Cost-volume-profit (CVP) analysis; equation technique and contribution margin technique; break-even point and sales for desired income; multiple product companies; graphical interpretation of CVP analysis; margin of safety and limitations of CVP analysis.
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Manufacturing (direct materials, direct labor, factory overhead) and non-manufacturing costs; product and period costs; raw materials, work-in-process and finished goods; cost of goods manufactured and cost of goods sold; cost accounting cycle.
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Activity-based costing (ABC), volume-based traditional costing; job costing, process costing; actual costing, normal costing, standard costing; steps of ABC; advantages and disadvantages of ABC.
Advanced Accounting Lectures & Articles
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