Governmental Accounting vs Not-For-Profit Accounting

Governmental Accounting vs Not-For-Profit Accounting

Financial Statement Data Online – Analysis of Financial Statements, Ratio-Analysis

Playlist http://bit.ly/2WvV8YW 0:22 Purpose of Financial Analysis http://bit.ly/2JM0mtu 13:47 Types of Analysis http://bit.ly/2MjONMj 23:04 Horizontal Analysis http://bit.ly/2QInzO1 38:05 Trend Analysis http://bit.ly/2HJbXXU 53:28 Vertical Analysis Common-Size Statements http://bit.ly/2MeJM7w 1:12:38 Liquidity Ratios Part 1 http://bit.ly/30SLQ8y 1:35:52 Liquidity Ratios Part 2 http://bit.ly/2EKeCi7 1:54:31 Current ratio, quick or acid ration, and working capital-Accounting http://bit.ly/2Z39iON 2:28:03 Solvency Ratios http://bit.ly/2HJOwO8 2:41:47 Profitability Ratios http://bit.ly/2KeQN5J 2:55:20 Market Prospects Ratios http://bit.ly/2WAhFUj 3:06:40 Financial Analysis Data Online http://bit.ly/314y5Uu 3:10:39 Financial Analysis Sample Reports Overview http://bit.ly/2Z12ocW 3:27:03 Financial Analysis Sample Reports Traditional Performance Evacuation Techniques http://bit.ly/2XeokAN 3:30:40 Financial Analysis Sample Reports Ratio Analysis Profitability http://bit.ly/2QAuzfq 3:36:33 Financial Analysis Sample Reports Ratio Analysis Solvency http://bit.ly/2Z4Rinh 3:39:16 Financial Analysis Sample Reports Ratio Analysis Liquidity http://bit.ly/2YXQVKS 3:45:13 Financial Analysis Sample Reports Recommendations http://bit.ly/30UyJ6F 3:52:11 Financial Statement Data Online http://bit.ly/2Kgez11

Capital Budgeting – Managerial Accounting Playlist http://bit.ly/2WklCfD 0:36 Capital Budgeting http://bit.ly/2WpMQBu 10:15 Payback Period, Accounting Rate of Return, & Net Present Value http://bit.ly/2JZNY8z 27:28 Present Value http://bit.ly/2HwFW5b 44:04 Present Value Months as Period http://bit.ly/2JZO7sD 48:02 Future Value http://bit.ly/2EuSvfs 1:00:43 Future Value Months As Period http://bit.ly/2HLHFme 1:04:39 Future Value vs Present Value http://bit.ly/2VNutlI 1:10:51 Present Value Annuity http://bit.ly/2YDPJMC 1:24:41 Present Value Annuity Months as Period http://bit.ly/2VGxggJ 1:28:03 Future Value Annuity http://bit.ly/2M70DJB 1:39:30 Future Value Annuity Months http://bit.ly/2JY3LEU 1:43:24 Present Value Cash Flow Examples http://bit.ly/2whq7t0 1:57:29 Future Value Cash Flow Examples http://bit.ly/2Wh6eRp 2:06:31 Present Value Terms Used In Capital Budgeting http://bit.ly/2K0lVFO 2:14:30 Net Present Value Assumptions http://bit.ly/2whboy0 2:16:34 Net Present Value Calculation Part 1 http://bit.ly/2Hyfx79 2:26:38 Net Present Value Calculation Part 2 http://bit.ly/2wghS0k 2:37:47 Internal Rate of Return IRR https://youtu.be/B62JjXME-hU?t=9468 2:44:18 Break Even Time http://bit.ly/2YIOATZ Time value of money and capital budgeting decision is an excellent tool for anybody who needs to consider longer-term decisions that require us to understand the time value of money. We will learn the time value of money concepts like present value and future value using multiple methods, including formulas, tables, and Excel functions. We will format the data in many ways and have many examples using Excel to calculate present value. The playlist will review core managerial accounting concepts and objectives so that we get into a managerial accounting mindset as opposed to a financial accounting mindset. We will describe, calculate, and apply the time value of money concepts. Time value of money is a core concept useful to both business and personal decisions and capital budgeting decisions, decisions of larger dollar amounts that affect multiple periods, provide great tools and scenarios for learning the time value of money concept. The playlist will explain the present value of a single amount and present value of an annuity, describing multiple ways they can be calculated including formulas, tables, and Excel functions. We will discuss the future value of a single amount and future value of an annuity, explaining multiple ways they can be calculated including formulas, tables, and Excel functions. The playlist will apply time value of money and other decision-making tools to capital budgeting decisions. Capital budgeting decisions are generally larger dollar amount decisions that affect multiple periods into the future and therefore, often require us to consider the time value of money. We will run multiple scenarios of capital budgeting decisions what are great tools to learn the concept of the time value of money. We will cover how to calculate and apply the payback period to capital budgeting decisions, the payback period being the time period at which or initial investment will be returned. The playlist will discuss how to apply the accounting rate of return calculation to capital budgeting decisions. We will describe how to use net present value (NPV) calculations to make long term decisions considering the time value of money. The net present value calculation is the primary tool we use that does take into consideration the time value of money with regards to capital budgeting decision making, and therefore we will have many examples of the NPV calculation. The playlist will explain how to use the internal rate of return (IRR) calculations to make long term decisions considering the time value of money. The internal rate of return is another core concept related to capital budgeting decisions and is related to the NPV. We will compare the IRR and the NPV in detail. We will analyze how to use internal break-even time (BET) calculations to make long term decisions considering the time value of money.

Playlist http://bit.ly/2WRhhNW 0:21 Decision Making Process http://bit.ly/2W46Ppi 13:28 Make or Buy Decision http://bit.ly/2W46Ppi 18:40 Scrap or Rework http://bit.ly/2W46Ppi 23:55 Sell or Process Further http://bit.ly/2W46Ppi 28:02 Product Mix Decision http://bit.ly/2W46Ppi 42:45 Department Operating at a loss Close or Not http://bit.ly/2W46Ppi 49:16 Equipment Keep Old or Purchase New http://bit.ly/2W46Ppi 56:54 Set Sales Price http://bit.ly/2W46Ppi 1:05:28 Special Project or Offer – Accept or Reject Decision http://bit.ly/2W46Ppi Apply relevant cost methods to common managerial decisions. Managers often need to make decisions that are not routine, not part of the normal day to day process, and that can have a long-term effect on the organization. Individuals often need to make similar decisions and can apply similar tools when making decisions of a large dollar amount that can affect multiple years. Although the specifics of each decision differ, the concept of relevant costs helps us put together a process for gathering and analyzing data, picking up the information that matters, and removing all the excess data that does not matter to our decision. Understanding relevant costs will reduce the likelihood of making incorrect decisions based on a sunk cost effect or not taking into account opportunity costs. We will analyze the decision-making process of buying a new piece of equipment or keeping an older piece of equipment, a question often relevant to individuals as well as businesses. The decision of whether to buy new equipment is subject to the sunk fallacy effect, and we will discuss why this is. This video will investigate the managerial accounting question of a “special offer.” The “special offer” question often takes the form of a one time offer to purchase from us at a reduced price. It is often the case that a business will benefit from accepting a special offer and the concept of relevant costs will help us to see why. For example, a hotel may have an incentive to take a “special offer” to sleep in a room for a night at a price far below the standard rate and even below cost as it is generally calculated. We will discuss why, and how this concept applies to business in general. We will apply the concepts of relevant costs to a “make or buy” type decision. Should we make a component internally or purchases it from an outside vendor? The vodeo will discuss the managerial accounting question of whether we should process a product further. In other words, should we sell a product at one point of production or should we process the product further and sell it for a higher price? We will also discuss a similar question related to defective inventory and whether we should scrap the inventory now or rework it. We will discuss the question of what sales mix to use. In other words, if we have multiple products which ones should we produce and how much should we produce? The video will discuss the question of eliminating a segment or department of a company. For example, if a departmental income statement shows a loss, should the department be eliminated and how can we apply relevant costs to make the best decision? We will discuss how to use cost data to set a sales price using a cost method and variable cost method.

Sales Price & Volume Variance Cost volume profit analysis CVP accountinginstruction.info

Responsibility Accounting & Performance Measurement Playlist http://bit.ly/2VGg0fF Links go points in the video: 0:21 Responsibility Accounting System http://bit.ly/2J3hCdg 9:29 Decentralization http://bit.ly/2vNFM2F 26:08 Performance Evaluation & Department Classifications http://bit.ly/2Wu63Ps 31:52 Controllable vs. Uncontrollable Costs http://bit.ly/3036By6 36:49 Direct & Indirect Expenses http://bit.ly/2H5yDRK 44:46 Indirect Expenses Allocation http://bit.ly/2YbfqDX 53:46 Allocation of Occupancy Costs http://bit.ly/2H5zl1m 1:09:21 Departmental Income Statement Steps http://bit.ly/2YcQPyJ 1:14:32 Example – Departmental Income Statement Steps http://bit.ly/2V4oPew 1:32:05 Forecasted Departmental Income Statement http://bit.ly/2Vlhexq 1:44:56 Balance Scorecard http://bit.ly/2vFzBxL Managerial Accounting Playlists https://www.youtube.com/user/bobsteel… We will describe the concept of decentralization, how it applies to businesses, and the pros and cons of a more decentralized organization from a centralized one. The video will cover general managerial accounting concepts necessary to study responsibility accounting, comparing and contrasting managerial accounting and financial accounting. We will explain what a responsibility accounting system looks like and the benefits of a responsibility accounting system. The video will discuss the categorization of costs between direct costs and indirect costs and why this categorization between direct and indirect is useful for reporting financial data by department. We will describe the problems with allocating indirect costs to the proper departments and explain various methods for allocating indirect costs. The video will describe what a departmental income statement is and how to create a departmental income statement. We will explore what a forecasted departmental income statement is and put together a forecasted departmental income statement. The video will discuss other performance measures like return on investment (ROI) and a balance scorecard. We will also complete a comprehensive problem using preformatted Excel worksheets and step by step instructional videos.

OK. Let’s make year end time better next year.

How?

QuickBooks.

Can we track both business and personal financial information using QuickBooks?

Yes.

Is it too late to start 2019 bookkeeping for the year?

No. Let’s get started.

http://bit.ly/2IErcD7