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Internal Controls

In this presentation we will introduce the topic of internal controls. Internal Controls been policies within an organization in order ...
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Average Inventory Method Explained

Hello in this lecture we're going to be talking about the average inventory cost method we will be selling our ...
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Last In First Out LIFO Inventory Method Explained

Hello in this lecture we're gonna be talking about the lastin first out inventory method, we will once again be ...
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First In First Out FIFO Explained

Hello in this lecture we're going to be taking a look at first in first out inventory method, we will ...
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Weighted Average Periodic System

In this presentation we will discuss the weighted average inventory method using a periodic system. The weighted average method as ...
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Last In First Out LIFO Periodic

In this presentation we will discuss the lastin first out inventory system on a periodic basis rather than a perpetual ...
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First In First Out (FIFO) Periodic System

In this presentation we will discuss first in first out or FIFO using a periodic system as compared to a ...
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Perpetual & Periodic Inventory Systems

In this presentation, we will compare and contrast the perpetual and periodic inventory systems as we track inventory through the ...
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Lower of Cost or Market

In this presentation we will discuss the concept of lower of cost or market. We will define this concept first ...
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Consistency Concept

In this presentation we will discuss the consistency principle as it relates to inventory and inventory assumptions. First, we're going ...
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Inventory Costs

In this presentation we will discuss what will be included or should be included in inventory costs. So when considering ...
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Inventory Methods Explained and compared FIFO LIFO 15 600

Hello in this lecture we're going to talk about estimating inventory methods methods such as first in first out last ...
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Inventory Tracking Explained – Introduction-Specific 10 600

Hello. In this lecture we're going to talk about the idea of tracking inventory and recording inventory, both in terms ...
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Cash Payments Journal Service Company 50

In this presentation, we will take a look at a cash payments journal for a service company, the cash payment ...
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Cash Receipts Journal 40

In this presentation we will talk about the cash receipts journal. The cash receipts journal will be used when we ...
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Purchase Journal Merchandising Co.

In this presentation we will take a look at the purchases journal for a merchandising company. Purchases journal will be ...
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Sales Journal Merchandising Co.

In this presentation, we will take a look at a sales journal for a merchandising company. When recording transactions related ...
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Sales Journal Service Company 10

In this presentation, we will take a look at the sales journal for a service company. We'll use the sales ...
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Accounts Payable AP Subsidiary Ledger 6

Hello. In this lecture we're going to talk about the accounts payable subsidiary ledger accounts payable subsidiary ledger will be ...
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Accounts Receivable AR Subsidiary Ledger Explained 5

Hello, in this lecture we're going to talk about the accounts receivable subsidiary ledger, the subsidiary ledger being the ledger ...
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Special Journals Subsidiary Ledgers 2

In this presentation, we're going to talk about special journals and subsidiary ledgers. First, we're going to list out the ...
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Financial Statement Relationships 18

Hello in this presentation we're going to take a look at financial statement relationships. In other words, how do these ...
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Statement of Equity From Trial Balance 17

More in this presentation we will take a look at the statement of owner's equity and see how to construct ...
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Income Statement from Trial Balance 16

Hello in this presentation we're going to take a look at the creation of the income statement from the trial ...
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Balance Sheet Equity Section Creation from Trial Balance 15

Hello in this lecture we're going to be creating the equity section of the balance sheet. In prior lectures, we ...
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Balance Sheet Liability Section Creation From Trial Balance 14

Hello in this lecture we're going to create the liability section of the balance sheet. In prior lectures, we have ...
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Balance Sheet Property Plant %26 Equipment From Trial Balance 13

Hello in this lecture we're going to put together the section of the balance sheet of property plant and equipment ...
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Balance Sheet Current Assets from Trial Balance 12

Hello in this lecture, we're going to create the current asset section of the balance sheet, we're going to create ...
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Reversing Journal Entries – Accrued Revenue 11

Hello. In this presentation we're going to talk about reversing journal entries as they are related to accrued revenue. When ...
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Adjusting Entry Depreciation 10

Hello in this lecture, we're going to record the adjusting entry related to depreciation were recorded on the left hand ...
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Adjusting Entry Insurance 9

Hello in this lecture, we're going to record the adjusting entry related to insurance, we're going to record the transaction ...
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Adjusting Entry Accounts Receivable 8

Hello in this lecture, we're going to record an adjusting transaction related to accounts receivable. We're going to record the ...
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Adjusting Entry Wages Payable 7

Hello, in this lecture, we're going to record the adjusting entry related to payroll, we're going to record the journal ...
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Adjusting entry unearned revenue 6

Hello in this lecture we're going to record the adjusting entry related to unearned revenue. Remember that the adjusting entry ...
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Adjusting Entry Supplies 5

Hello in this lecture, we're going to record an adjusting entry related to supplies. Remember that adjusting entries are going ...
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Why Use a Worksheet in Adjusting Process 3.5

Hello in this presentation we will discuss the reasoning for using a worksheet within the adjusting entry process, a worksheet ...
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Adjusting Journal Entry Rules – What are Adjusting Journal 3

Hello in this presentation we're going to talk about adjusting entry rules. In order to talk about adjusting entry rules ...
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Types of Adjusting Journal Entries Adjusting Journal Entry 2

Hello in this presentation we're going to talk about types of adjusting journal entries. When considering adjusting journal entries we ...
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Accounting Cycle Steps in the Accounting Process 1

Hello, in this presentation, we're going to be talking about the accounting cycle or the accounting process, that process that ...
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General Ledger 245

Hello, in this presentation we will discuss the general ledger. At the end of this, we will be able to ...
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Accounts Payable Journal Entries 240

Hello in this presentation we will be recording a business transactions related to accounts payable or the purchases cycle recording ...
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Accounts Receivable Journal Entries 230

Hello in this presentation we will be recording that journal entries for business transactions related to accounts receivable otherwise known ...
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Cash Journal Entries with Cash 225

Hello in this presentation we are going to record business transactions involving cash using debits and credits. At the end ...
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Trial Balance 220

Hello in this presentation we will be discussing a trial balance objectives at the end of this, we will be ...
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Journal Entry Thought Process 215

Hello in this presentation that we will discuss a thought process for recording financial transactions using debits and credits. Objectives ...
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Rules for Using Debits & Credits 210

Hello. In this presentation we're going to discuss rules for debits and credits, how to make accounts go up and ...
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Debits & Credits 205

Hello in this presentation we will discuss debits and credits. Objectives at the end of this we will be able ...
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Accounts Payable Transactions Accounting Equation 170

So there's gonna be problems later on where they'll basically say, you know, you got to pay off something on ...
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Accounts Receivable Transactions – Accounting Equation 167

Hello in this presentation we will record transactions related to accounts receivable recording the transactions using the double entry accounting ...
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Cash Transaction – Accounting Equation 165

Hello, in this presentation we will be taking a look at business transactions involving cash we will be recording these ...
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Financial Transaction Thought Process 160

Hello in this presentation we will be discussing the transaction thought process, a thought process used to record transactions in ...
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Financial Transaction Rules 155

Hello in this presentation we will be discussing the transaction rules financial transaction rules as they relate to recording financial ...
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Ethic & Profession 150

Hello in this presentation we will discuss ethics and profession objectives, we will be able to at the end of ...
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Cash Method vs Accrual Method 135

Whoa in this presentation we will be discussing a cash method versus an accrual method objectives. We will be able ...
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Revenue Recognition Principle 134

Hello in this presentation we will be discussing the revenue recognition principle. first idea will be that revenue is not ...
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Balance Sheet & Income Statement Relationship 132

Hello in this presentation we will discuss the balance sheet and income statement relationship. Objectives at the end of this ...
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Statement of Owner’s Equity 131

Hello in this presentation we will describe the statement of equity objectives, we will be able to at the end ...
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Income Statement 130

Hello in this presentation we will discuss the income statement objectives. At the end of this presentation, we will be ...
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Balance Sheet 120

Hello in this presentation that we will discuss the balance sheet objectives at the end of this presentation that we ...
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Accounting Equation 115

Hello in this presentation we will discuss the accounting equation. At the end of this we will be able to ...
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Accounting Objectives U 102

Hello in this presentation we will discuss accounting objectives, objectives, including relevance reliability and compare ability objective, we will be ...
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Why Learn Accounting 100

In this introductory presentation, we will start where every introductory presentation should start, and that is what is in it ...
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Budgeted Profit and Loss Report 11.15

This presentation we will generate, analyze, print and export to Excel a budgeted Profit and Loss report, we'll take a ...
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Budgeted Profit and Loss-Data Input 11.10

This presentation and we will take a look at how to create a budgeted Profit and Loss report or budgeted ...
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Journal Report & Financial Statements 10.57

This presentation and we're going to take a look at our reports our financial statement reports and journal entry reports ...
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Unearned Revenue Reversing Entry 10.55

This presentation and we will enter a reversing entry related to unearned revenue. Let's get into it with Intuit QuickBooks ...
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Unearned Revenue Adjusting Entry 10.45

This presentation and we will enter and adjusting entry related to unearned revenue. Let's get into it with Intuit QuickBooks ...
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Depreciation Adjusting Entry 10.45

This presentation and we're going to enter and adjusting entry related to depreciation. Let's get into it with Intuit QuickBooks ...
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Prepaid Insurance Adjusting Entry 10.40

In this presentation and we're going to enter an adjusting entry related to insurance recording prepaid insurance and insurance expense ...
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Accounts Receivable Reversing Entry 10.35

In this presentation, we're going to take a look at an accounts receivable reversing entry. So the story goes like ...
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Invoice & AR Adjusting Entry Part 2 Solution 10.26

This presentation and we're going to continue on with our adjusting entry related to an invoice that was entered into ...
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Accrued Interest Reversing Entry 10.25

This presentation and we're going to enter a reversing entry related to accrued interest. Let's get into it within two, ...
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Reversing Entry Notes Payable 10.17

In this presentation, we're going to enter a reversing entry related to notes payable. Let's get into it within two, ...
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Accrued Interest Adjusting Entry 10.15

This presentation we will enter and adjusting entry related to accrued interest. Let's get into it with Intuit QuickBooks Online ...
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Short Term Portion Of Loan Adjusting Entry 10.11

This presentation and we're going to break out the short term portion of a loan, this time taking a look ...
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Short Term Loan Adjusting Entry 10.10

This presentation we will look into recording and adjusting entry related to a short term loan. Let's get into it ...
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Bank Reconciliation Second Month Part 3 9.17

This presentation we'll continue on with our bank reconciliation process for the second month of operations, this time finalizing the ...
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Bank Reconciliation Second Month Part 2 9.15

In this presentation, we will continue on to part two of our bank reconciliation for the second month of operations, ...
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Bank Reconciliation Second Month Part 1 9.14

This presentation we will start a bank reconciliation for the second month of operations. This will be part one we'll ...
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Bank Reconciliation First Month Part 3 Review Report 9.12

This presentation and we're going to continue on and finalize our bank reconciliation for the first month of operations. Then ...
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Bank Reconciliation First Month Part 2 9.11

In this presentation, we're going to continue on with our bank reconciliation for the first month, part two, we're going ...
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Bank Reconciliation First Month Part 1 Deposits 9.10

This presentation we're going to start our bank reconciliation for the first month of operations entering the deposits or reconciling ...
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Bank Reconciliation Objective 9.02

This presentation and we're going to take a look at the objectives of the bank reconciliation process. In other words, ...
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Comparative Financial Statements 8.95

This presentation and we're going to take a look at the month in financial statements. And this time since we ...
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Rental Income New Service Item New Income Account 8.90

This presentation and we're going to record rental income. In other words, we're going to create a sales receipt within ...
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Payroll 8.80

This presentation and we're going to enter payroll for the second month of operations. Recall that we're not going to ...
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Purchase Equipment with Debt 8.77

In this presentation, we're going to purchase equipment with debt. In other words, we're going to purchase equipment and finance ...
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Enter Service Items & Invoices 8.75

In this presentation, we're going to enter service items into an invoice. So we're going to be adding customers as ...
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Enter Bills & Pay Bills 8.70

In this presentation, we will enter bills and then to pay bills. In other words, we're going to be entering ...
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Pay Payroll Tax 8.65

In this presentation, we will pay payroll tax liabilities. Let's get into it with Intuit QuickBooks Online. Here we are ...
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Pay Sales Tax 8.60

This presentation and we will take a look at the calculation and payment of sales tax. In other words, we've ...
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Customer Payment & Deposit 8.55

In this presentation, we will record the customer payment for invoices that had been issued in the past, then we'll ...
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Bills Track & Pay 8.50

In this presentation, we will track and pay bills. In other words, we've enter bills and prior presentations, we're not ...
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Advance Customer Payment or Deposit 8.45

This presentation we will record an advanced payment or a customer deposit. In other words, we're going to receive a ...
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Record Sales on Account 8.40

In this presentation, we're going to record a sale on account. In other words, we can also call that a ...
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Apply Credit Or Advanced Payment to Invoice 8.35

This presentation and we're going to apply a credit or an advanced payment to an invoice. In other words, we ...
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Advanced Payment From Customer 8.30

This presentation and we're going to record and advanced payment or customer deposit. In other words, we're going to get ...
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Sales Receipts & Deposit 8.25

This presentation and we're going to record a sales receipt and deposit. In other words, we're going to imagine there's ...
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Receive Inventory Requested With P.O. Enter Bill 8.20

In this presentation, we're going to record the receipt of inventory with a bill. In other words, in prior presentations, ...
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Purchase Order With New Inventory Item 8.15

In this presentation we will enter a purchase order and add a new vendor as well as a new inventory ...
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