Intermediateaccounting Course

Prepare yourself for the CPA exam.

Last updated 2022-01-10 | 4.1

- Finally understand the concepts of accounting in a fun way
- while retaining all the information.
- Refresh their understanding of basic financial accounting concepts
- Learn the conceptual framework of financial reporting

What you'll learn

Finally understand the concepts of accounting in a fun way
while retaining all the information.
Refresh their understanding of basic financial accounting concepts
Learn the conceptual framework of financial reporting
Prepare the income statement
Prepare the Balance Sheet
Prepare and present the supplementary Disclosures
Review the concept of Time Value of Money
Analyze receivables and write-off bad debts
Value Inventories and use the basic inventory assumptions
Apply the lower-of-cost-or-market
Prepare the statement of cash flows using the indirect method
Prepare the statement of cash flows using the direct method

* Requirements

* Basic knowledge of financial accounting
* Detailed mindset
* Any material or device that will allow you to take notes

Description

  • Finally understand the concepts of accounting in a fun way, while retaining all the information.
  • Refresh their understanding of basic financial accounting concepts
  • Learn the conceptual framework of financial reporting
  • Prepare the income statement
  • Prepare the Balance Sheet
  • Prepare and present the supplementary Disclosures
  • Review the concept of Time Value of Money
  • Analyze receivables and write-off bad debts
  • Value Inventories and use the basic inventory assumptions
  • Apply the lower-of-cost-or-market
  • Prepare the statement of cash flows using the indirect method
  • Prepare the statement of cash flows using the direct method

Course content

10 sections • 43 lectures

The Language of Business Preview 01:30

Accounting Equation Preview 02:13

Your Review Matters! Preview 00:30

Accounting Equation and Transactions Preview 10:06

Financial Statements - Basics Preview 05:10

T-Accounts; Debits and Credits Preview 03:16

Journalizing and Posting - Exercise Preview 05:01

Accounts Balances Preview 03:02

Adjusting Entries Preview 05:27

Deferrals Preview 02:07

Accrued Expenses - Adjusting, Reversing, and Paying Preview 03:37

Accrued Revenues - Adjusting, Reversing, Payment Preview 03:05

The Accounting Cycle Preview 04:46

Usefulness and Limitations of Income Statement; Earnings Management Preview 02:50

Single-Step VS. Multi-Step Income Statement Preview 01:50

Discontinued Operations; Non-controlling Interest; Other Reporting Issues Preview 03:48

Usefulness and Limitations of the Balance Sheet Preview 03:04

Classified Balance Sheet; Supplemental Disclosures Preview 04:19

Time Value of Money - Basics Preview 04:56

Present Value and Future Value of a Single Sum Preview 07:25

Present Value and Future Value of Annuities Preview 06:10

Cash and Cash Equivalents Preview 02:37

Petty Cash Fund Preview 03:39

Receivables - Introduction Preview 02:21

Valuation of Accounts Receivable (Bad Debts) Preview 04:06

Bad Debts - Direct Write-Off Method Preview 04:11

Bad Debts - Allowance Method (Percentage of Sales) Preview 03:05

Bad Debts - Allowance Method (Aging Receivables) Preview 03:50

Internal Controls - Basics Preview 04:24

Merchandising Companies Preview 10:19

Merchandising - Problem Solving Preview 05:22

Manufacturing Companies Preview 03:24

Inventory Assumptions (FIFO, LIFO, Average Cost, Specific Identification) Preview 04:47

FIFO Problem Solving (Perpetual) Preview 07:51

LIFO Problem Solving (Perpetual) Preview 06:26

Average Cost Problem Solving (Perpetual) Preview 06:10

Dollar-Value LIFO Preview 06:13