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Brother Kevin Kimball from the Accounting Department teaches about the importance and amends the misconceptions surrounding the Accounting Major. Accounting is a service-based job where you consult…
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B 100 Accounting
Buisness100_Accounting_Large
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Where do different accounts fall wihin the financial statements.
Question: What are the financial statements made up of?
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Asset source transactions, asset use transactions, asset exchange transactions, and claims exchange transactions; examples of each.
Question: What are the 4 main types of transactions?
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What accounts are used in each financial statement.
Question: What goes into each of the financial statements?
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The components of the accounting equation.
Question: What is the accounting equation and the 3 components in the accounting equation?
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Definitions and examples of temporary and permanent accounts.
Question: What are temporary accounts? What are permanent accounts?
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Definitions and examples of operating, investing, and financing activities and wording for the Cash Flows Statement.
Question: What are definitions of operating, investing, and financing activities?…
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How and when you make the adjusting entry for a prepaid expense.
Question: How and when do you make the adjusting entry for a prepaid expense?
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The accounting equation and the components and definitions/explanations of each component.
Question: What is the accounting equation and the 3 components in the accounting equation?
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Calculating retained earnings and its part of stockholder's equity.
Question: How do you calculate retained earnings?
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How to calculate net income, what is included in net income.
Question: What is included in your income statement?
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Solving for the missing component of the accounting equation (Asset, Liability, or Stockholder's Equity).
Question: How do you keep the accounting equation in balance?
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Solving for the missing component of the accounting equation (Asset, Liability, or Stockholder's Equity).
Question: How do you keep the accounting equation in balance when given 2 of the 3…
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Which Accounts go up or down depending on the transaction.
Question: How do different transactions effect the Balancing Equation?
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How different transactions effect the accounting equation.
Question: How do I keep the accounting equation balanced?
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Which Accounts go up or down depending on the transaction.
Question: How do different transactions effect the Balancing Equation?
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Retained Earnings Part II
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How different portions of Stockholders Equity allow you to find other portions.
Question: How do the three different financial statements connect?
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What and why businesses use prepaid expenses and unearned revenues.
Question: What are prepaid expenses and unearned revenues?
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How different portions of Stockholders Equity allow you to find other portions.
Question: How do the three different financial statements connect?
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What is Stockholders Equity made up of.
Question: How do the three different financial statements connect?
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How to order items on the Income Statement.
Question: What Items go onto an Income Statement?
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What goes into retained earnings.
Question: What is Retained Earnings?
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What the aspects of Net Income are.
Question: What is the Income statement made up of?
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Income Statement, Retained Earnings Statement, and the Balance Sheet
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How a balance sheet is laid out.
Question: What goes on a Balance sheet?
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This video explains depriciation and amorization part 2.
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Thid video explains leases part 8.
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