SB/ACTG 2010 3.00

York U

Course Overview

Lessons & Practice

I. Welcome

1. Overview of Corporate Reporting

20min

1.1.1. What is Financial Accounting?29 sec

1.2.1. Users of Financial Accounting2 min

1.3.1. Sole-Proprietorship1 min

1.3.2. Partnerships2 min

1.3.3. Corporations2 min

1.3.4. Practice1 min

1.4.1. Operating, Financing, and Investing Activities2 min

1.5.1. The Purpose of the Statement of Income4 min

1.5.2. The Purpose of a Statement of Financial Position33 sec

1.5.3. The Purpose of a Statement of Changes in Equity2 min

1.5.4. The Purpose of a Statement of Cash Flows56 sec

2. Analyzing Transactions and Their Effects on Financial Statements

1.4hr

2.1.1. International Financial Reporting Standards (IFRS)47 sec

2.2.1. Qualitative Characteristics of Accounting Information2 min

2.2.2. Accounting Assumptions2 min

2.2.3. Accounting Principles52 sec

2.2.4. Practice2 min

2.3.1. Accrual Basis vs Cash Basis Accounting60 sec

2.3.2. The Fiscal Year44 sec

2.4.1. The Accounting Equation2 min

2.5.1. The Expanded Accounting Equation2 min

2.5.2. Practice4 min

2.6.1. Preparing the Statement of Income

2.6.2. Example7 min

2.6.3. Practice6 min

2.6.4. Preparing the Statement of Financial Position3 min

2.6.5. Example13 min

2.6.6. Practice5 min

2.6.7. Statement of Changes in Equity Example6 min

2.6.8. Practice6 min

2.6.9. Cash Flow Classification2 min

2.6.10. Example1 min

2.6.11. Practice2 min

2.6.12. Practice1 min

2.7.1. Gross Profit Margin1 min

2.7.2. Profit Margin1 min

2.7.3. Example2 min

2.7.4. Practice1 min

2.7.5. Return on Equity1 min

2.7.6. Example1 min

2.7.7. Practice1 min

2.7.8. Return on Assets2 min

2.7.9. Example3 min

2.7.10. Practice2 min

3. Double-Entry Accounting and the Accounting Cycle

3hr

3.1.1. Debits and Credits3 min

3.1.2. Example5 min

3.1.3. Practice5 min

3.1.4. Practice3 min

3.2.1. T-Accounts3 min

3.2.2. Example4 min

3.2.3. Practice4 min

3.2.4. Practice (Challenging)5 min

3.3.1. The Accounting Cycle38 sec

3.4.1. Accounts33 sec

3.4.2. Naming Accounts4 min

3.4.3. Practice5 min

3.5.1. Business Transactions1 min

3.5.2. Practice2 min

3.5.3. Journal Entries1 min

3.5.4. Example5 min

3.5.5. Practice3 min

3.5.6. Issuing Shares3 min

3.5.7. Declaring and Paying Dividends2 min

3.5.8. Example2 min

3.5.9. Example2 min

3.5.10. Practice1 min

3.5.11. Practice2 min

3.5.12. Journalizing Revenues4 min

3.5.13. Example5 min

3.5.14. Practice3 min

3.5.15. Practice (Challenging)3 min

3.5.16. Journalizing Expenses2 min

3.5.17. Example4 min

3.5.18. Practice3 min

3.6.1. Trial Balance54 sec

3.6.2. Unadjusted Trial Balance1 min

3.6.3. Example10 min

3.6.4. Practice

3.7.1. How to Write an Adjusting Journal Entry3 min

3.7.2. Example4 min

3.7.3. Practice2 min

3.7.4. Accrued Expenses3 min

3.7.5. Example5 min

3.7.6. Practice2 min

3.7.7. Practice (Challenging)7 min

3.7.8. Deferred Expenses2 min

3.7.9. Example7 min

3.7.10. Practice3 min

3.7.11. Practice (Challenging)6 min

3.7.12. Accrued Revenues55 sec

3.7.13. Example2 min

3.7.14. Practice4 min

3.7.15. Deferred Revenues52 sec

3.7.16. Example4 min

3.7.17. Practice1 min

3.7.18. The Adjusted Trial Balance2 min

3.8.1. Preparing the Financial Statements2 min

3.8.3. Practice

3.8.4. Temporary and Permanent Accounts2 min

3.8.5. Closing Entries4 min

3.8.6. Post-Closing Trial Balance1 min

3.8.7. Example7 min

3.8.8. Practice6 min

4. Revenue Recognition and the Statement of Income

1.1hr

4.1.1. Revenues3 min

4.1.2. Example1 min

4.1.3. Practice31 sec

4.1.4. Practice1 min

4.2.1. Accrued Revenues55 sec

4.2.2. Example2 min

4.2.3. Practice4 min

4.2.4. Deferred Revenues52 sec

4.2.5. Example4 min

4.2.6. Practice1 min

4.3.1. Sales Returns and Allowances4 min

4.3.2. Example4 min

4.3.3. Practice4 min

4.3.4. Sales Discounts 2 min

4.3.5. Example3 min

4.3.6. Practice8 min

4.4.1. Types of Income Statements

4.4.2. Single Step Statement of Income4 min

4.4.3. Components of the Multiple-Step Income Statement

4.5.1. Comprehensive Income – Details

4.6.1. Net Income and Earnings per Share2 min

4.6.2. Example2 min

4.6.3. Practice3 min

4.6.4. Practice5 min

4.6.5. Earnings per Share1 min

4.6.6. Example1 min

4.6.7. Practice2 min

5. The Statement of Cash Flows

1.3hr

5.1.1. The Cash Flow Statement1 min

5.2.1. Operating Activities (Direct Method)1 min

5.2.2. Example6 min

5.2.3. Practice2 min

5.3.1. Operating Activities (Indirect Method)3 min

5.3.2. Example6 min

5.3.3. Practice5 min

5.4.1. Investing Activities3 min

5.4.2. Example10 min

5.4.3. Practice11 min

5.5.1. Financing Activities2 min

5.5.2. Example8 min

5.5.3. Practice8 min

5.6.1. Complete Cash Flow Statement2 min

5.6.2. Example3 min

5.6.3. Practice4 min

5.7.1. Cash Flows to Total Liabilities (Cash Total Debt Coverage)60 sec

5.7.3. Practice

5.7.4. Free Cash Flow46 sec

5.7.5. Example1 min

5.7.6. Practice1 min

6. Cash and Accounts Receivable

1.6hr

6.1.1. Internal Control2 min

6.1.2. Control Activities

6.2.1. Bank Reconciliation9 min

6.2.2. Example13 min

6.2.3. Practice11 min

6.3.1. Accounts Receivable1 min

6.4.1. Percentage of Credit Sales Method1 min

6.4.2. Example3 min

6.4.3. Practice3 min

6.5.1. Percentage of Receivables Method1 min

6.5.2. Example4 min

6.5.3. Example4 min

6.5.4. Practice3 min

6.5.5. Practice16 min

6.6.1. Allowance for Doubtful Accounts4 min

6.7.1. Writing-off Accounts1 min

6.7.2. Example39 sec

6.7.3. Practice27 sec

6.7.4. Recovering Written-off Accounts56 sec

6.7.5. Example51 sec

6.7.6. Practice38 sec

6.8.1. Current Ratio2 min

6.8.2. Example2 min

6.8.3. Practice2 min

6.8.4. Quick Ratio (Acid Test Ratio)49 sec

6.8.5. Example2 min

6.8.6. Practice2 min

6.8.7. Receivables Turnover Ratio and Average Collection Period3 min

6.8.8. Example3 min

6.8.9. Practice4 min

7. Inventory

2.2hr

7.1.1. Inventory2 min

7.1.2. Merchandising Operations2 min

7.2.1. Perpetual Inventory System1 min

7.3.1. Recording Purchases (Perpetual)4 min

7.3.2. Example2 min

7.3.3. Practice4 min

7.4.1. Recording Sales (Perpetual)5 min

7.4.2. Example1 min

7.4.3. Practice5 min

7.5.1. Periodic Inventory System47 sec

7.6.1. Recording Purchases (Periodic)4 min

7.6.2. Example2 min

7.6.3. Practice4 min

7.7.1. Recording Sales (Periodic)2 min

7.7.2. Example3 min

7.7.3. Practice4 min

7.8.1. Recording Cost of Goods Sold (Periodic)2 min

7.8.2. Example3 min

7.8.3. Practice4 min

7.9.1. Specific Identification1 min

7.9.2. Example3 min

7.9.3. Practice5 min

7.9.4. First-in, First-out (FIFO)45 sec

7.9.5. Example8 min

7.9.6. Practice4 min

7.9.7. Average Cost Method (Perpetual Inventory)3 min

7.9.8. Example9 min

7.9.9. Practice6 min

7.9.10. Average Cost Method (Periodic Inventory)1 min

7.9.11. Example5 min

7.9.12. Practice4 min

7.10.1. Effects of Costing Methods on Financial Position2 min

7.10.2. Practice3 min

7.11.1. Lower of Cost and Net Realizable Value3 min

7.11.2. Example4 min

7.11.3. Practice2 min

7.11.4. Inventory Errors3 min

7.11.5. Practice56 sec

7.12.1. Inventory Turnover Ratio and Average Days to Sell2 min

7.12.2. Example2 min

7.12.3. Practice3 min

I Welcome

Free Activity

Welcome to the Wize Intro to Financial Accounting Course!
This course includes video tutorials and practice questions for most financial accounting concepts. This course is still in beta, meaning we need your help to make it even better! If you notice any missing topics or a topic that doesn't belong in this course, please let us know using the speech bubble in the bottom right corner of your screen.

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Use the "Ask a question"❓ feature below each lesson/question any time!

This resource includes the following activities: 
   Theory lessons: I will explain and summarize new math concepts
   Examples: I will walk you through how to solve problems involving these new math concepts
   Practice questions: These are for you to try out on your own. Don't worry, if you get stuck, you can watch the video solutions or read the suggested written answers

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Unanswered

Anonymous

Is there an exam prep for this course?

Unanswered

Anonymous

Does this course cover business 1229e

Answered

Anonymous

Does this course cover most of the topics in ACCTG 200?

S

Shahid S

i dont think so 

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