BA_ACCT 200: Introduction to Accounting (Supreme)
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
Course Content
Module I
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04:41
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05:24
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LO2: Identify the users, uses, and opportunities in Accounting
05:25 -
LO3: Explain why Ethics and Social Responsibility are crucial to Accounting
02:31 -
LO4: Summarize the GAAP and its fundamental Principles
07:49 -
LO5: Solve the quiz for Introduction to Accounting
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Assignment: Introduction to Accounting
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Case Study: Introduction to Accounting
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04:02
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06:19
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LO2: Analyze Business Transactions by applying the Accounting Equation
07:32 -
LO3: Describe how to prepare Financial Statements reflecting Business Transactions
02:28 -
LO4: Solve the quiz for Accounting in Business
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Assignment: Accounting in Business
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Case Study: Accounting in Business
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04:38
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05:01
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LO2: Define Debits, Credits, and Double-Entry Accounting
02:52 -
LO3: List and explain the steps in Recording Transactions in a Journal
14:34 -
LO4: Prepare and explain the use of a Trial Balance
03:38 -
LO5: Solve the quiz for Analyzing and Recording Transactions
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Assignment: Analyzing and Recording Transactions
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Case Study: Analyzing and Recording Transactions
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Topic 4: Adjusting Accounts for Financial Statements
04:14 -
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
12:27 -
LO3: Describe the Alternatives in Recording Prepaids and Unearned Revenues
05:47 -
LO4: Solve the quiz for Adjusting Accounts for Financial Statements
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Assignment: Adjusting Accounts for Financial Statements
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Case Study: Adjusting Accounts for Financial Statements
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Topic 5: Completing the Accounting Cycle and Classifying Accounts
04:46 -
LO1: Describe how to prepare Worksheet
04:01 -
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
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Assignment: Completing the Accounting Cycle and Classifying Accounts
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Case Study: Completing the Accounting Cycle and Classifying Accounts
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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
04:59 -
LO4: Solve the quiz for Accounting for Merchandising Activities
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Assignment: Accounting for Merchandising Activities
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Case Study: Accounting for Merchandising Activities
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Topic 7: Merchandise Inventory and Cost of Sales
04:56 -
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
10:21 -
LO3: Evaluate the effects of the Costing methods on Financial Reporting
04:38 -
LO4: Solve the quiz for Merchandise Inventory and Cost of Sales
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Assignment: Merchandise Inventory and Cost of Sales
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Case Study: Merchandise Inventory and Cost of Sales
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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
02:58 -
LO5: Solve the quiz for Internal Control and Cash
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Assignment: Internal Control and Cash
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Case Study: Internal Control and Cash
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Topic 9: Receivables
04:12 -
LO1: Describe Accounts Receivable and how they are created
02:09 -
LO2: Comprehend the Allowance method of estimating Uncollectible Accounts receivable
08:21 -
LO3: Explain Short-term note receivable and its maturity date and interest
01:46 -
LO3: Solve the quiz for Receivables
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Assignment: Receivables
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Case Study: Receivables
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Topic 10: Payroll Liabilities
02:49 -
LO1: Define Payroll Liabilities and its objective
05:54 -
LO2: Solve the quiz for Payroll Liabilities
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Assignment: Payroll Liabilities
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Case Study: Payroll Liabilities
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Assignment