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1 |
ACCOUNTING & BOOKKEEPING
What is the Difference? |
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2 |
ACCOUNTING CYCLE
The Circle of Defined Tasks Explained - The End is the Beginning and The
Beginning is the End? |
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3 |
ACCOUNTING INFORMATION
What is It? Who Uses Them? What Are They Used For? |
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4 |
ADJUSTING ENTRIES
When?
Why? What They are Broadly & Specifically |
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5 |
ASSETS
The
Different Kinds and Their Characteristics |
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6 |
BANK RECONCILIATION
Why, When, What AND How to Do It - & a Few Words on Fraud and Theft |
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7 |
BANK RECONCILIATION - JOURNAL ENTRY
What, When, Why,
AND How to Do It |
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8 |
BOOKKEEPING
Debits & Credits - Keeping Debits & Credits Straight; & Memory
Trigger - How to
Remember |
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9 |
CASH AND ACCRUAL METHODS OF ACCOUNTING
Why Not Account for the Business On the Basis of Cash Moving In & Out? |
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10 |
CLASSIFIED BALANCE SHEET
Here It Is - Completed - Print This Reference For the Explanations Below |
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11 |
CLASSIFIED BALANCE SHEET
See # 10 Above Then Review How to Classify Assets & Why |
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12 |
CLASSIFIED BALANCE SHEET
Memory Trigger - How to Remember the Order of Assets |
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13 |
CLOSING PROCESS
Why & When Closing Occurs, Accounting Entries & Before and
After |
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14 |
CONSTRAINTS IN ACCOUNTING
Materiality and Conservatism |
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15 |
COST OF GOODS SOLD
Completed - What It Looks Like |
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16 |
COST OF GOODS SOLD
Structure, Purpose & What It Communicates |
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17 |
COST OF GOODS SOLD
Memory Trigger - How to Remember What Goes in Which Column |
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18 |
FINANCIAL STATEMENTS -
What They are Specifically, What They Look Like and How They Interrelate |
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19 |
FINANCIAL STRENGTH - Profitability,
Liquidity, Stability & Growth
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PROFITABILITY-
Explanation + Return on Sales, Return on Assets,
.............................Return on Equity, Revenue per
Employee, Earnings .............................Per
Share, Price to Earnings Ratio |
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LIQUIDITY
- Explanation + Current Ratio, Quick Ratio, Debt Ratio,
.................... Times Interest Earned
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LIQUIDITY
- Management - What Owners / Managers Measure & Why
...................Accounts Receivable Turnover,
Average Collection Period, ...................Inventory ...Turnover |
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STABILITY-
Explanation and Examples |
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GROWTH
- Explanation and Examples
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20 |
FOUNDATION EQUATION
Theory and Practice - Cornerstone of this Course |
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21 |
GAAP - Generally Accepted Accounting
Principles
Each
Assumption and Principle Explained |
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22 |
INTERNAL CONTROL
Attitude, Objectives, Principles - The Roles of Internal Audit, Security &
IT Departments - Collusion, Sabotage, Malicious Code
INTERNAL CONTROL
Article on Corporate Espionage |
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23 |
INVENTORY - Perpetual & Periodic - The
Differences and Entries
The Differences, Why, the Accounting Entries
& What FOB Means |
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24 |
LIABILITIES
Only 2 Kinds; AND Unearned Revenue & Current Portion Explained |
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25 |
MULTI STEP INCOME STATEMENT
The Completed Multi Step Income Statement - What it Looks Like |
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26 |
MULTI STEP INCOME STATEMENT
What Each Section Communicates - How to Manage by the Numbers |
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27 |
PETTY CASH FUND
The
Practical Use of Petty Cash & Accounting Entries - Establish the Fund;
Increase or Decrease the Fund; Reimbursement of the Fund |
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28 |
PURCHASES ACCOUNT & FREIGHT IN AND WHAT FOB MEANS
The Meaning of Purchases, What is Recorded to this Account |
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29 |
PURCHASE DISCOUNTS, PURCHASE RETURNS & ALLOWANCES
Explanation of Each, Accounting Entries, and Importance to Managing |
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30 |
SALES DISCOUNTS; SALES RETURNS & ALLOWANCES
What They Are; Why They Must Be Managed; and the Accounting Entries |
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31 |
SINGLE STEP INCOME STATEMENT
What
It is; What it Looks Like; Why it is Used - and Who Uses it |
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32 |
SPECIAL JOURNALS
The 5 Journals; What They Do AND HOW To Decide Which One to Use |
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33 |
SPECIAL JOURNALS - POSTING EACH JOURNAL
How Specifically to Post Each Journal |
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34 |
WORKSHEET - WHAT IT LOOKS LIKE WHEN IT IS
COMPLETED
Completed Worksheet - Print This
- then Review the Explanation Below |
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35 |
WORKSHEET - WHAT IT DOES & WHY
See Above # 34 - Then Review the Step-by-Step Completion Process
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