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Acknowledgements
Welcome!
Financial Accounting - The Public Language of Business
Characteristics, Users and Sources of Accounting Information
Accounting in Different Organizations
Stakeholders
Careers in Accounting
Comparing Financial & Managerial Accounting
Ethical Standards
Financial Accounting- Getting Started
1.1 Defining the Accounting Equation Components
1.2 Transaction Analysis- accounting equation format
1.3 Current & Noncurrent Assets & Liabilities
1.4 Rules of Debit (DR) and Credit (CR)
1.5 Transaction Analysis- from accounting equation to journal entries
1.6 Unadjusted Trial Balance
1.7 Accounting Principles, Concepts and Assumptions
1.8 The Accounting Cycle
1.9 The Adjustment Process
1.10 Adjusting Entry - Examples
1.11 Adjusting Entry- Practice
1.12 The Adjusted Trial Balance
1.13 The Worksheet
1.14 Financial Statements
1.15 Closing Entries
1.16 Post-Closing Trial Balance
1.17 Accounting Cycle Comprehensive Example
Shifting Gears to Merchandising
2.1 Merchandisers v. Service Providers
2.2 Perpetual v. Periodic Inventory Systems
2.3 Purchases of Merchandise- Perpetual System
2.4 Sales of Merchandise- Perpetual System
2.5 Shipping Terms
2.6 Accounting for Inventory
2.7 Inventory Cost Flow Methods- Periodic System
2.8 Inventory Cost Flow Methods- Perpetual System
2.9 Comparison of all Four Methods
Cash is King!
3.1 Bank Reconciliation
3.2 Petty Cash
3.3 Bad Debt Expense and the Allowance for Doubtful Accounts
3.4 Bad Debts & the Allowance- Comprehensive Example
3.5 Notes Receivable
3.6 Tangible v Intangible Assets
3.7 Recording the Initial Purchase of an Asset
3.9 Depreciation: Allocation of Long-term Asset Cost
3.8 Capitalized Costs v. Expenses
3.10 Intangible Assets
3.11 Sale of an Asset
Ethics, Professional Standards & Fraud
4.1 Analyzing Fraud in the Accounting Workplace
4.2 Internal Controls - Overview
4.3 Elements of Internal Control
4.4 SOX & Management's Responsibility for Maintaining Control
Liabilities.... who do we owe?
5.1 Current Liabilities
5.2 Types of Long-term Funding
5.3 Bond Entries
5.4 Debt v. Equity
Owners' Equity: Capital & Shareholders
5.5 Corporate Business Structure
5.6 How Stocks Work
5.7 Owners' Equity
5.8 Typical Stock Transactions
5.9 Treasury Stock
5.10 Dividends
5.11 Earnings per Share (EPS)
Managerial Accounting- The Language of Management/Insiders
6.1 Defining Managerial Accounting
6.2 Roles & Duties of Managerial Accountants
6.3 Merchandising, Manufacturing & Service Organizations
6.4 Cost Behavior
CVP
7.1 Exploring Contribution Margin
7.2 Breakeven Analysis
7.3 Margin of Safety
7.4 Operating Leverage
7.5 Multi-product Breakeven Analysis
Overhead
9.1 Traditional Overhead Allocation
9.2 Cost Drivers
9.3 Activity-based Costing
9.4 Comparing Traditional & Activity-based Costing
Job Order Costing
8.1 Job Order v. Process Costing
8.2 Under- or Over-Applied Overhead
8.3 Three Major Components of Product Costs in Job Order
8.4 Tracing the Flow of Costs in Job Order
8.5 Predetermined Overhead Rates & Overhead Application
8.6 Calculating the Cost of a Job
8.7 Job Order Journal Entries
8.8 Job Order in the Service Industries
Process Costing
8.9 Process Costing Overview
8.10 Conversion Costs
8.11 Equivalent Units - initial period
8.13 Journal Entries in Process Costing
Budgets
10.1 Budgeting Basics
10.2 Operating Budgets
10.3 Financial Budgets
10.4 Flexible Budgets
Variances
10.5 Fundamentals of Standard Costs
10.6 Direct Materials Variances
10.7 Direct Labor Variances
10.8 Overhead Variances
10.9 Management's Use of Variance Analysis
10.10 How Budgets are used to Evaluate Goals
Change Log
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Financial and Managerial Accounting Copyright © 2021 by Lolita Paff is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.