The Financial Statements
Accrual Accounting vs. Cash Basis Accounting
Revenue Recognition and Expense Recognition
Journal Entries: Debits and Credits
Trial Balance
Adjusting Entries: Supplies
Adjusting Entries: Depreciation
Adjusting Entries: Accrued Expenses
Adjusting Entries: Accrued Revenues
Adjusting Entries: Unearned Revenue
Summary of Adjusting Entries
Unadjusted vs Adjusted Trial Balance
Post-Closing Trial Balance
Ratios: Working Capital and the Current Ratio
Ratios: Debt to Asset Ratio
Fraud and the Fraud Triangle
Five Components of Internal Controls
Principles of Control Activities
Limitations of Internal Controls
Bank Reconciliation
Journal Entries for Bank Reconciliation
Types of Receivables
Net Accounts Receivable: Allowance for Doubtful Accounts
Net Accounts Receivable: Percentage of Sales Method
Net Accounts Receivable: Aging of Receivables Method
Net Accounts Receivable: Direct Write-off Method
Notes Receivable
Ratios: Accounts Receivable (AR) Turnover
Ratios: Quick (Acid Test) Ratio
Ratios: Average Collection Period (Days Sales Outstanding)
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
Perpetual Inventory - FIFO, LIFO, and Average Cost
Periodic Inventory - FIFO, LIFO, and Average Cost
Ratios: Inventory Turnover
Ratios: Gross Profit Rate
Ratios: Profit Margin
Ratios: Average Days in Inventory
Initial Cost of Long Lived Assets
Basket (Lump-sum) Purchases
Ordinary Repairs vs. Capital Improvements
Depreciation: Straight Line
Depreciation: Units-of-Activity
Depreciation: Declining Balance
Depreciation: Summary of Main Methods
Depreciation for Partial Years
Change in Estimate: Depreciation
Retirement of Plant Assets (No Proceeds)
Sale of Plant Assets
Intangible Assets and Amortization
Natural Resources and Depletion
Asset Impairments
Ratios: Return on Assets (ROA)
Ratios: Profit Margin x Asset Turnover = Return On Assets
Types of Liabilities
Notes Payable
Sales Tax Payable
Contingent Liabilities
Introduction to Bonds and Bond Characteristics
Face Value Bonds
Discount on Bonds
Premium on Bonds
Effective Interest Amortization of Bond Premium or Discount
Redeeming Bonds before Maturity
Ratios: Times Interest Earned (TIE)
Ratios: Debt to Equity Ratio
Characteristics of a Corporation
Issuing Par Value Stock
Issuing No Par Value Stock
Issuing Common Stock for Assets or Services
Preferred Stock
Shares Authorized, Issued, and Outstanding
Treasury Stock
Retained Earnings
Retained Earnings: Prior Period Adjustments
Dividends and Dividend Preferences
Stock Dividends
Ratios: Return on Equity (ROE)
Ratios: DuPont Model for Return on Equity (ROE)
Ratios: Earnings Per Share (EPS)
Ratios: Price-Earnings Ratio (PE Ratio)
Introduction to the Statement of Cash Flows
Operating Activities: Indirect Method
Operating Activities: Direct Method
Investing Activities
Financing Activities
Significant Noncash Activities
Horizontal Analysis
Trend Percentages
Vertical Analysis
Common-sized Statements
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
Introduction to Investments in Securities
Trading Securities
Available-for-Sale (AFS) Securities
Held-to-Maturity (HTM) Securities
Equity Method
Time Value of Money Equations
Using Time Value of Money Tables
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