Accounting

Introduction to Accounting

Lesson 1: Introduction to Financial Accounting

Accounting is the language of business because its purpose is to communicate business information to managers and providers of business capital.

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Lesson 2: General Purpose Financial Statements

In this lesson we take an introductory view of the balance sheet, income statement and statement of cash flows.

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Lesson 3: Accounting Cycle Part 1

Here we focus on producing the financial statements required for a company's investors and lenders.

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Lesson 4: Accounting Cycle Part 2

We continue our discussion of an accounting system designed to produce periodic financial statements with a specific focus on adjusting and closing entries.

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Lesson 5: Sales Revenue

An in-depth look at business policies regarding sales discounts, returns of merchandise sales and credit card sales on the financial position and profits of a company

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Lesson 6: Inventory

Here we take a look at accounting for inventory and how it can have a significant impact on the reported results of operations and financial position of a company.

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Lesson 7: Operating Expenses and Internal Controls

This lesson discusses various taxes relative to employee wages and how to address theft and fraud.

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Lesson 8: Long-Term Operating Assets

Some of a company's most valuable assets are operating assets such as property, equipment, patents, trademarks, and other assets providing long-term benefits to the company.

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Lesson 9: Debt and Equity Financing

Here we discuss the most basic forms of debt and equity financing.

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Lesson 10: Financial Statement Analysis

A look on how financial statements can be used to help determine the value of a company's stock.

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Lesson 11: Introduction to Managerial Accounting

This lesson introduces managerial accounting, which is designed to generate information useful to managers.

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Lesson 12: Manufacturing Product Costs

Here we dive into the costs incurred in manufacturing and the techniques available to determine a product's cost.

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Lesson 13: Cost Volume Profit Analysis

In this lesson we analyze how the costs of a business behave with changes in the volume of production and sales.

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Lesson 14: Operational Budgeting

Here we look at planning and how its a must for effective business management and includes budgeting for business operations.

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Lesson 15: Non-Routine Business Decisions

Here we teach you to to be an effective manager by learning how to analyze revenues and costs when making business decisions.

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Lesson 16: Balanced Scorecard

Here we present the Balanced Scorecard and how management can use it as a strategic performance measurement system that ties performance measures to an organization’s strategy.

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