BA_ACCT 200: Introduction to Accounting (Supreme)

Categories: Self Paced
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About Course

This course covers basic accounting concepts and principles and their application to business transactions:

  • The accounting cycle leading to financial statement preparation
  • Emphasis on the balance sheet
  • The income statement and the statement of owner’s equity
  • An introductory consideration of selected asset accounts like cash, receivables, and merchandise inventory

What Will You Learn?

  • Describe the objectives of financial reporting
  • Explain the accounting cycle from journalizing up to financial statement preparation
  • Use accounting information systems
  • Analyze financial information for business decisions

Course Content

Module I

  • 04:40
  • 05:24
  • LO2: Identify the users, uses, and opportunities in Accounting
    05:24
  • LO3: Explain why Ethics and Social Responsibility are crucial to Accounting
    02:31
  • LO4: Summarize the GAAP and its fundamental Principles
    07:48
  • LO5: Solve the quiz for Introduction to Accounting
  • Case Study: Introduction to Accounting
  • 04:02
  • 06:18
  • LO2: Analyze Business Transactions by applying the Accounting Equation
    07:33
  • LO3: Describe how to prepare Financial Statements reflecting Business Transactions
    02:28
  • LO4: Solve the quiz for Accounting in Business
  • Case Study: Accounting in Business
  • 04:38
  • 05:01
  • LO2: Define Debits, Credits, and Double-Entry Accounting
    02:53
  • LO3: List and explain the steps in Recording Transactions in a Journal
    14:34
  • LO4: Prepare and explain the use of a Trial Balance
    03:39
  • LO5: Solve the quiz for Analyzing and Recording Transactions
  • Case Study: Analyzing and Recording Transactions
  • Topic 4: Adjusting Accounts for Financial Statements
    04:15
  • LO1: Explain the Purpose and Principles behind Adjusting Accounts
    03:42
  • LO2: Discuss how to adjust entries for Prepaid expenses, Depreciation, Unearned revenues, Accrued expenses, and revenues
    12:28
  • LO3: Describe the Alternatives in Recording Prepaids and Unearned Revenues
    05:47
  • LO4: Solve the quiz for Adjusting Accounts for Financial Statements
  • Case Study: Adjusting Accounts for Financial Statements
  • Topic 5: Completing the Accounting Cycle and Classifying Accounts
    04:46
  • LO1: Describe how to prepare Worksheet
    04:02
  • LO2: Identify and explain the steps involved in the Closing Process at the end of each Accounting Period
    03:47
  • LO3: Analyze the components of a classified Balance Sheet to assess Liquidity, Solvency, and Efficiency
    05:20
  • LO4: Solve the quiz for Completing the Accounting Cycle and Classifying Accounts
  • Case Study: Completing the Accounting Cycle and Classifying Accounts
  • Topic 6: Accounting for Merchandising Activities
    04:38
  • LO1: Explain Merchandising and Financial Statements for a Merchandiser
    02:36
  • LO2: Differentiate between Periodic and Perpetual Merchandise Inventory Systems
    04:49
  • LO3: Analyze Adjustments required for accurate Financial reporting in a Merchandising Company
    05:00
  • LO4: Solve the quiz for Accounting for Merchandising Activities
  • Case Study: Accounting for Merchandising Activities
  • Topic 7: Merchandise Inventory and Cost of Sales
    04:57
  • LO1: Identify components and costs included in the Merchandise Inventory
    02:45
  • LO2: Analyze Inventory costing methods including specific identification, moving weighted average, and FIFO-perpetual
    10:22
  • LO3: Evaluate the effects of the Costing methods on Financial Reporting
    04:38
  • LO4: Solve the quiz for Merchandise Inventory and Cost of Sales
  • Case Study: Merchandise Inventory and Cost of Sales
  • Topic 8: Internal Control and Cash
    04:33
  • LO1: Explain the Principles of Internal Control, Cash, and Internal Control of Cash
    04:37
  • LO2: Describe the purpose and procedures involved in Petty Cash Fund Transactions
    02:14
  • LO3: Discuss Banking activities and their control features
    02:45
  • LO4: Explain the process of Bank Reconciliation and its significance in ensuring the accuracy of Financial records
    02:59
  • LO5: Solve the quiz for Internal Control and Cash
  • Case Study: Internal Control and Cash
  • Topic 9: Receivables
    04:13
  • LO1: Describe Accounts Receivable and how they are created
    02:10
  • LO2: Comprehend the Allowance method of estimating Uncollectible Accounts receivable
    08:22
  • LO3: Explain Short-term note receivable and its maturity date and interest
    01:46
  • LO3: Solve the quiz for Receivables
  • Case Study: Receivables
  • Topic 10: Payroll Liabilities
    02:49
  • LO1: Define Payroll Liabilities and its objective
    05:54
  • LO2: Solve the quiz for Payroll Liabilities
  • Case Study: Payroll Liabilities
  • Assignment

Final Exam

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