• Lesson 1: Introduction to Accounting and Business
    • Lesson 1 Introduction
    • Business Stakeholders
    • Financial and Managerial Accounting
    • Business Entity
    • Four Types of Business Organizations
    • Generally Accepted Accounting Principles (GAAP)
    • The Basic Accounting Equation
    • Essential Concepts
    • Assets
    • Liabilities
    • Stockholders Equity
    • Cash Basis and Accrual Basis of Accounting
    • Accounting Transactions and their Effects on Business
    • Financial Statements
    • The Income Statement
    • Statement of Retained Earnings
    • Balance Sheet
    • Practice Problems
  • Lesson 3 Introduction
  • Lesson 10 Introduction
  • Lesson 15 Introduction
  • Lesson 14 Introduction
  • Lesson 13 Introduction
  • Introduction
  • Introduction
  • Lesson 7 Introduction
  • Lesson 8 Introduction
  • Lesson 2 Introduction
  • Lesson 9 Introduction
  • Introduction
  • Introduction
  • Introduction
  • Classified Balance Sheet
  • Analyzing Financial Statements
  • Internal Control
  • Characteristics of a Corporation
  • Lesson 2: Analyzing and Recording Business Transactions
    • Chart of Accounts
    • Prepaid Expenses and Unearned Revenue
    • Debits and Credits
    • Rules of Recording in Ledger Accounts
    • Double-Entry System/Journal
    • Double Entry System - MM Tax Example
    • Journal and Ledger Accounts - MM TAX Example
    • Trial Balance
    • Practice Problem 1
    • Practice Problem 2
    • Answers to Practice Problem 2
  • What is a Merchandising Business?
  • Capital vs. Revenue Expenditures
  • Cost Behavior
  • Job Order Cost Systems
  • Managerial vs. Financial Accounting
  • Differential Analysis Defined
  • Revenue, Expense, and Matching Concept
  • Static Budget
  • Budgets
  • Adjusting Entries
  • Cost Flow Process for Job Order Cost Systems
  • Common and Preferred Stock
  • Plant Assets
  • Setting the Budget
  • Pricing
  • Manufacturing
  • Horizontal Analysis
  • Differences from Service Business
  • Variable Cost
  • Flexible Budgets
  • Internal Control - Cash Receipts and Cash Payments
  • Lesson 3: Matching Concepts and Adjusting Entries
    • Deferrals and Accruals
    • Depreciation of Long-Term Tangible Assets
    • MM TAX: Chart of Accounts
    • MM TAX: Unadjusted Trial Balance
    • MM TAX: Adjusted Entries, Deferred Expenses
    • MM TAX: Adjusting Entries, Deferred Revenue
    • MM TAX: Adjusting Entries, Accrued Expenses
    • MM TAX: Adjusting Entries, Accrued Revenue
    • MM TAX: Journal and Ledger Accounts
    • MM TAX: Adjusted Trial Balance
    • Practice Problem: Adjusting Entries
  • MM TAX: Adjusted Trial Balance
  • Target Pricing
  • Fixed Cost
  • Horizontal Analysis - Trend Analysis
  • Issuing Common Stock
  • Internal Control - Inventory
  • Job Order Cost System - Job 1 Example
  • Cost of Plant Assets
  • Multi-Step Income Statement
  • Lesson 4: Completing the Accounting Process
    • MM TAX: Income Statement
    • MM TAX: Statement of Retained Earnings
    • MM TAX: Classified Balance Sheet
    • Closing Entries
    • MM TAX: Closing Entries
    • MM TAX: Post Closing Trial Balance
    • Practice Problem 1
    • Answer to Practice Problem 1
  • Job Order Cost and Process Cost Systems
  • Budgeting Systems
  • Standard Costs and Variance Analysis
  • Practice Problem 1
  • Perpetual vs. Periodic Inventory Systems
  • Self-Check
  • Master Budget
  • Petty Cash Funds
  • Issuing Preferred Stock
  • Practice Problem #1
  • Lesson 5: Accounting for Merchandising Operations
    • Purchase of Merchandise Inventory - Perpetual Method
    • Freight Terms
    • Practice Problem 1
    • Sales of Merchandise Inventory - Perpetual Method
    • Practice Problem 2
    • Merchandise Inventory Summary
    • Inventory
    • Inventory Cost Flow Assumptions
    • FIFO Inventory Example
    • LIFO Inventory Example
    • AVG COST Inventory Example
    • Reporting Merchandise Inventory in the Financial Statements
    • Periodic Inventory System
  • Direct Materials Variances
  • Cost-Plus Pricing
  • Depreciation
  • Inventory Accounts for a Manufacturer
  • Sales Budget
  • Cost of Goods Manufactured
  • Process Cost System
  • Practice Problem #1
  • Straight-Line Method
  • Special Pricing Decisions
  • Mixed Cost
  • Direct Labor Variance
  • Vertical Analysis
  • Bank Reconcillations
  • Lesson 6: Internal Accounting Control, Cash and Receivables
    • Receivables
    • Uncollectible or Worthless Receivables
    • Uncollectible Accounts - Direct Write-Off Method
    • Uncollectible Accounts - Allowance Method
    • Percent of Sales Method
    • Percent of Receivables Method
    • Aging of Receivables Method
    • Practice Problem 1
    • Factoring
    • Notes Receivables
    • Practice Problem 2
  • Treasury Stock
  • Cost-Volume-Profit (CVP)
  • Units of Production Method
  • Lesson 7: Plant Assets, Natural Resources and Intangible Assets
    • Double-Declining Balance Method
    • MACRS: Modified Accelerated Cost Recovery System
    • Changes During Usage
    • Disposals of Plant Assets
    • Discarding Plant Assets
    • Sale of Assets
    • Other Assets
  • Income Statement for a Manufacturer
  • Variable Factory Overhead Variances
  • Product Line: Continue or Discontinue?
  • Process Cost System - Equivalent Units of Production
  • Production Budget
  • Practice Problem #2
  • Process Cost System Example - Production Report
  • Make or Buy
  • Ratio Analysis
  • Dividends
  • Balance Sheet for a Manufacturer
  • What about sales?
  • Direct Materials Budget
  • Lesson 8: Corporations, Stockholders' Equity, and Statement of Cash Flows
    • Practice Problem #2
    • Stock Splits
    • Statement of Cash Flows
    • Preparing Statement of Cash Flows
    • Cash Flows from Operating Expenses - Indirect Method
    • Cash Flows from Investing Activities -- Quick Explanation
    • Cash Flows from Financing Activities -- Quick Explanation
    • Completed Statement of Cash Flows
    • Cash Flows from Investing Activities -- Full Explanation
    • Cash Flows from Financing Activities -- Full Explanation
    • Practice Problem #3
  • CVP - Break-Even Point
  • Responsibility Accounting
  • Direct Labor Budget
  • Practice Problem #1
  • Practice Problem 1
  • CVP - Target Profits
  • Lesson 9: FInancial Statement Analysis
    • Liquidity Ratios
    • Efficiency Ratios
    • Solvency Ratios
    • Profitability Ratios
    • Valuation Ratios
    • Practice Problem #3
  • Process Cost System Example - Transactions
  • Cost Centers
  • Factory Overhead Budget
  • Practice Problem #2
  • Sell or Process Further
  • Practice Problem 2
  • Lesson 10: Introduction to Managerial Accounting
  • CVP - What-if Analysis
  • Revenue Centers
  • Cost of Goods Manufactured Budget
  • Accounting Terms Review
  • Lesson 11: Job Order Costing and Process Costing
  • Selling and Administrative Expenses Budget
  • Profit Centers
  • Lesson 12: Cost Volume Profit Analysis - CVP
  • Lesson 13: Master Budgets
    • Budgeted Income Statement
    • Other Budgets
  • Investment Centers
  • Lesson 14: Flexible Budgets, Standard Costs and Responsibility Accounting
  • Lesson 15: Short Term Decisions