Search for tag: "accounting"

Financial Statements Part 2

Where do different accounts fall wihin the financial statements. Question: What are the financial statements made up of?

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Types of Transactions

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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Financial Statements Part 1

What accounts are used in each financial statement. Question: What goes into each of the financial statements?

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Definition of Assets, Liabilities, and Stockholder's Equity

The components of the accounting equation. Question: What is the accounting equation and the 3 components in the accounting equation?

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Temporary vs Permanent Accounts

Definitions and examples of temporary and permanent accounts. Question: What are temporary accounts? What are permanent accounts?

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Operating, Investing, and Financing Activities

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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Adjusting Entry for Prepaid Expenses

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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Accounting Equation

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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Retained Earnings

Calculating retained earnings and its part of stockholder's equity. Question: How do you calculate retained earnings?

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Income Statement

How to calculate net income, what is included in net income. Question: What is included in your income statement?

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Balancing the Accounting Equation

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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Balancing Accounting Equation (Example)

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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Balancing Equation, Affected Accounts Part 2

Which Accounts go up or down depending on the transaction. Question: How do different transactions effect the Balancing Equation?

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Keeping Equation in Balance

How different transactions effect the accounting equation. Question: How do I keep the accounting equation balanced?

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Balancing Equation, Affected Accounts Part 1

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 2

Retained Earnings Part II

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Income, Retained Earnings Statement, Balance Sheet Part 3

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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Prepaid Expense and Unearned Revenue

What and why businesses use prepaid expenses and unearned revenues. Question: What are prepaid expenses and unearned revenues?

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Income, Retained Earnings Statement, Balance Sheet Part 2

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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Income, Retained Earnings Statement, Balance Sheet Part 1

What is Stockholders Equity made up of. Question: How do the three different financial statements connect?

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Income Statement

How to order items on the Income Statement. Question: What Items go onto an Income Statement?

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Retained Earnings Part 1

What goes into retained earnings. Question: What is Retained Earnings?

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Income Statement

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

Income Statement, Retained Earnings Statement, and the Balance Sheet

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Balance Sheet

How a balance sheet is laid out. Question: What goes on a Balance sheet?

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Depriciation and Amorization part 2

This video explains depriciation and amorization part 2.

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Leases Part 8

Thid video explains leases part 8.

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Depreciation Methods: Sum of the Years Digits

How to find the Depreciation of sum of the years digits for multiple years. Question: How do we compute depreciation on a sum of the years digits basis?

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Book Tax Differences Part 2

How the different aspects of a Tax Difference chart correlate Questions: How to do work backwards on a Tax Difference chart to find our Income?

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Book Tax Differences Part 1

How to visualize Tax Assets or Liabilities Questions: What are the tax Assets or Liabilities we should record?

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