Introduction to Accounting

Introduction to Accounting

Overview of Financial Accounting

Accounting Rules

Law & Regulatory Organizations

Financial Statements

Overview of Financial Statements

Income Statements

Statement of Retained Earnings

Statement of Cash Flow

Analysis and Creation of Financial Statements

Journals & Posting

Journals and the Posting Process

Full Demonstration of Posting Process

Accounting Cycle

Understanding the Accounting Cycle

Adjusted Trial Balance

Creating the Financial Statements

Example of Closing Process

Accounting for Sales (Merchandising Business)

Inventory Sales Transactions

Perpetual vs Periodic System

Accounting for Special Transactions

Inventory Adjustments

Multi-Step Income Statement

Example: Accounting Cycle Merchandise Business

Inventories

Accounting for Inventory

Inventory Expense Methods

Intermittent Effects on LIFO, FIFO, and Weighted Average

Choosing an Inventory Method

Lower of Cost or Market Adjustments

Cash Transactions

Internal Controls

Cash, Liquidity, and Cash Equivalents

Cash Management

Banking Activities

Receivables Transactions

Recording Accounts Receivable

Notes Receivable

Long-Term Assets

Acquiring Long-Term Assets

Depreciation of Long-Term Assets

Accounting for Capital Expenditures

Dispose of Long-Term Assets

Accounting for Liabilities

Current Liabilities

Estimated Liabilities

Contingent Liabilities

Managerial Accounting

Understanding Managerial Accounting

Cost Accounting

Activity Based Costing

Direct vs Indirect Costs

Product vs Period Costs

Controllable vs Non-Controllable Costs

Costs in Decision Making

Traditional vs Contribution Income Statement

Cost Volume Profit Analysis

CVP Assumptions

CVP - Contribution Margin

CVP - Target Profit Analysis

CVP - Break Evan Analysis

CVP - Margin of Safety

CVP - Cost Structuring

Product Costing

Stages of Production and Cost Flow

Job Order Costing vs Process Costing

Manufacturing Overhead

Variable & Absorption Costing

Variable vs Absorption Costing

Activity-Based Costing

Traditional vs Activity-Based Costing

Activity-Based Management

Managerial Decision-Making

Decision-making Model

Relevant Information

Avoidable and Unavoidable Costs

Special Order Pricing

Make or Buy Decision

Product Line Decision

Theory of Constraint

Analysis of Performance

Introduction to Analysis of Performance

Cash Flow Ratios

Common Size Analysis

Net Dollar Retention

Horizontal Analysis

Break Even Analysis

Profitability Ratios

Liquidity Ratios

Solvency Ratios

Other Performance Ratios

Budgeting

Basics of Budgeting

Top Down vs Bottom Up Budgeting

Participating Budgeting

Budgeting Process

Production Budget

Direct Materials Purchases Budget

Direct Labor Budget

Manufacturing Overhead Budget

Selling and Administrative Budget

Budgeted Income Statement

Final Three Budgets

Course Wrap Up

Top Down vs Bottom Up Budgeting

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