Practical Financial Accounting Complete

Course Curriculum

Chapter 1: Introduction to Financial Accounting

Lecture 1: Introducing the Practical Approach to Financial Accounting: A Brief Look Inside

Lecture 2: Accounting's Role in Society and Related Careers

Lecture 3: Hot Dogs R Us: Quick Start with Key

Lecture 4: Making Sense of the Accounting Equation

Lecture 5: The Ten Basic Transactions-Classification Overview for the Whole Course

Lecture 6: Four Major Financial Statements and Cash Flow Activities

Lecture 7: Interactive Transaction Guide Debits Credits, Financial Statements, Cash Flows

Lecture 8: Top 16 Key Terms and 20 Account Definitions Sorted by Financial Statement

Chapter 2: Foundations of Financial Accounting

Lecture 1: A Brief Look Inside the Financial Foundations Module

Lecture 2: Cash vs. Accrual Accounting

Lecture 3: Certifications, Organizations, Ethics, Laws and Internal Controls

Lecture 4: How the Process Works Repeated and Expanded

Lecture 5: The Ten Basic Transactions Expanded: Reverses, Use, Combinations, Triggers

Lecture 6: Demystifying Debits Credits and Account Balances

Lecture 7: Using the Practical Approach in your Homework Software

Lecture 8: Transaction Practice: Self Graded

Chapter 3: AIS: Accounting Information Systems

Lecture 1: A Brief Look Inside Accounting Information Systems

Lecture 2: Overview Key Issues and Terminology of Accounting Information Systems

Lecture 3: Process Flowcharts comparing Manual and Computerized AIS

Lecture 4: A Closer Look at Controls, Trial Balance Tips and the Closing Process

Lecture 5: Truck Shack Transaction Analysis Practice

Lecture 6: Truck Shack Key: Transactions, Financial Statements, Journal Entries and Ledger

Lecture 7: More Good Stuff: Detail of Process Flowcharts and Practical T Accounts List

Chapter 4: Adjusting Entries for Accruals and Deferrals

Lecture 1: A Brief Look Inside Adjusting Entries for Accruals and Deferrals

Lecture 2: Overview Key Issues and Terminology of Adjusting Entries, Accruals and Deferrals

Lecture 3: Accruals and Deferrals Classification Grid: Practice and Solution

Lecture 4: Deferrals (Cash Before Delivery) Unearned Revenue, Prepaid Expense

Lecture 5: Accrued Revenue and Interest

Lecture 6: Accrued Payroll Expense

Lecture 7: Assets Used: Accrued Supplies and Depreciation Expense

Lecture 8: Adjusting Entries Practice, Key, Trial Balance Key and Chart

Chapter 5: Merchandising Operations with the Multi-Step Income Statement

Lecture 1: A Brief Look Inside Merchandising with the Multi-Step Income Statement

Lecture 2: Overview and Terminology of Merchandising Operations + Multi-Step IS

Lecture 3: Summary of Transactions from the Buyers and Sellers Perspectives

Lecture 4: FOB Shipping Terms have a Big Impact at the End of the Period

Lecture 5: Transactions and Statements: Example, Practice and Solution

Lecture 6: Multi-Step Income Statement With Margin Ratios

Chapter 6: Cash and Internal Controls

Lecture 1: A Brief Look Inside Cash and Internal Controls

Lecture 2: Overview of Key Issues and Terminology of Cash and Internal Controls

Lecture 3: Principles, Analytics and Limitations of Internal Controls

Lecture 4: Internal Controls for Cash Receipts (Collections) and Cash Held

Lecture 5: Internal Controls for Cash Disbursements (Payments)

Lecture 6: Bank Reconciliation – Who Knows? Example, Practice, Solution

Lecture 7: Cash Management, Forecasting and Working Capital Ratios

Chapter 7: Receivables

Lecture 1: A Brief Look Inside Receivables

Lecture 2: Overview of Key Issues and Terminology of Receivables

Lecture 3: The Aging Schedule and the Allowance Method

Lecture 4: Credit Cards and Factors

Lecture 5: Notes Receivable Lend, Earn Interest and Collect

Lecture 6: Receivables Management, Internal Controls and Ratios

Chapter 8: Merchandise Inventory

Lecture 1: A Brief Look Inside Merchandise Inventory

Lecture 2: Overview of Key Issues and Terminology of Merchandise Inventory

Lecture 3: Perpetual vs. Periodic Inventory Systems

Lecture 4: Specific Identification

Lecture 5: FIFO Periodic and LIFO Periodic

Lecture 6: FIFO Perpetual and LIFO Perpetual

Lecture 7: Average Cost Periodic and Perpetual

Lecture 8: FIFO and LIFO Layers: Multiple Unit Purchases and Sales

Lecture 9: Management and Financial Statement Topics

Chapter 9: Long-Term Assets

Lecture 1: A Brief Look Inside Long-Term Assets

Lecture 2: Overview of Key Issues and Terminology of Long-Term Assets

Lecture 3: Acquiring (Buying) a Long-Term Asset

Lecture 4: Straight Line Depreciation

Lecture 5: Declining Balance Depreciation

Lecture 6: Activity Based Depreciation and Depletion

Lecture 7: Selling Long-Term Assets

Lecture 8: Intangible Assets

Lecture 9: Management, Internal Controls and Ratios

Lecture 10: Changes to Long-Term Assets – Useful Life, Impairing, Errors

Chapter 10: Liabilities

Lecture 1: A Brief Look Inside Liabilities

Lecture 2: Overview of Key Issues and Terminology of Liabilities

Lecture 3: Current Liabilities

Lecture 4: Notes Payable

Lecture 5: Issuing Bonds Payable

Lecture 6: Bonds Amortization: Straight Line

Lecture 7: Bond Amortization: Effective Interest

Lecture 8: Reporting Liabilities, Liquidity and Solvency Ratios

Chapter 11: Owner's Equity

Lecture 1: A Brief Look Inside Owner's Equity

Lecture 2: Overview of Key Issues and Terminology of Owner's Equity

Lecture 3: Corporations and Other Forms of Ownership

Lecture 4: Issuing (Selling) Stock

Lecture 5: Treasury (Repurchasing) Stock

Lecture 6: Cash Dividends: Returning Profits to Owners

Lecture 7: Stock Dividends and Stock Splits

Lecture 8: Balance Sheet and Investor Ratios

Chapter 12: Statement of Cash Flows

Lecture 1: A Brief Look inside the Statement of Cash Flows

Lecture 2: Overview of Key Issues and Terminology of the Statement of Cash Flows

Lecture 3: Practical T Method of Cash Inflows and Outflows