15 Week Mba Level - Financial And Managerial Accounting

Let's learn the basics of accounting

What you'll learn

Learn about financial accounting

Learn about managerial accounting

Understand the differences between financial and managerial accounting

Learn about the different users of financial vs managerial accounting

Requirements

This is an introductory level accounting course, therefore no prerequisites are needed.

Description

In this course, we will cover several accounting topics related to both financial and managerial accounting. This course is geared towards those students entering MBA programs without a background in accounting, so no experience in accounting is required. However, the course would be useful to anyone wanting to learn more about these accounting topics. We will spend the first 2/3 of the course going through financial accounting and the last 3rd going through managerial accounting. We will cover topics such as financial accounting concepts, the difference between financial and managerial accounting, journal entries, normal balances of accounts, posting to the T account and general ledger, unadjusted and adjusted trial balances, income statement, balance sheet, statement of cash flows, statement of owners equity, cash and the bank reconciliation, current assets, inventory, long term assets and depreciation, warranties, bonds, stock, equity, and dividends, budgeting, standard costs and variance analysis, relevant costs and special decisions. This course will include one or more videos for each module. There will also be text materials covering each of the topic. For practice, there will be quizzes along the way, as well as a final exam to test your understanding of the materials. I look forward to working with you throughout the course!

Overview

Section 1: Module 1 - Intro to Financial Accounting

Lecture 1 Introduction

Lecture 2 Module 1 - Part 1 Video - Intro to Financial Accounting Concepts

Lecture 3 Module 1 - Part 2 Video - Intro to Financial Accounting Concepts

Lecture 4 Introduction to Accounting – History and Needs of Users

Lecture 5 Different Classifications of Accounting and Careers Within Them

Lecture 6 History of Accounting

Lecture 7 Accounting Concepts and Principles

Lecture 8 Four Core Financial Statements in Order of Creation

Lecture 9 Basic and Expanded Accounting Equation

Section 2: Module 2- Mechanics of Bookkeeping and Accounting

Lecture 10 Module 2 - Part 1 Video - Mechanics of Bookkeeping and Accounting

Lecture 11 Module 2 - Part 2 Video - Mechanics of Bookkeeping and Accounting

Lecture 12 Accounting Cycle

Lecture 13 Normal Balances

Lecture 14 Initial Journal Entries

Lecture 15 Accrual vs. Cash Basis of Accounting

Lecture 16 Adjusting Journal Entries

Lecture 17 Closing Journal Entries

Section 3: Module 3 - Current Assets

Lecture 18 Module 3 - Part 1 Video - Cash, Supplies, and Inventory

Lecture 19 Module 3 - Part 2 Video - Cash, Supplies, and Inventory

Lecture 20 Current Assets and Overview

Lecture 21 Cash and Bank Reconciliation

Lecture 22 Prepaid Expenses/Assets

Lecture 23 Accounts Receivables and Bad Debts

Lecture 24 Inventory and Cost of Goods Sold

Section 4: Module 4 - Long Term Assets and Depreciation

Lecture 25 Module 4 - Part 1 Video - Long Term Assets and Depreciation

Lecture 26 Module 4 - Part 2 Video - Long Term Assets and Depreciation

Lecture 27 Overview of Fixed Assets

Lecture 28 Fixed Asset Purchase and Acquisition

Lecture 29 Depreciation Methods and Calculations

Lecture 30 Revenue and Capital Expenditures

Lecture 31 Disposition of Assets

Lecture 32 Intangible Assets and Amortization

Lecture 33 Natural Resources and Depletion

Section 5: Module 5 - Current and Long Term Liabilities

Lecture 34 Module 5 - Part 1 Video - Current and Long Term Liabilities

Lecture 35 Module 5 - Part 2 Video - Current and Long Term Liabilities

Lecture 36 Accounts Payable vs. Notes Payables (and Misc. Liabilities)

Lecture 37 Payroll

Lecture 38 Warranties

Lecture 39 Contingent Liabilities

Lecture 40 Bonds Payable

Section 6: Module 6 - Stock, Equity, and Dividends

Lecture 41 Module 6 - Part 1 Video - Stock, Equity, and Dividends

Lecture 42 Module 6 - Part 2 Video - Stock, Equity, and Dividends

Lecture 43 Stock Overview and Issuance (Common and Preferred Stock)

Lecture 44 Cash Dividends

Lecture 45 Stock Dividends and Splits

Lecture 46 Treasury Stock

Section 7: Module 7 - Revenue Recognition and the Income Statement

Lecture 47 Module 7 Video - Revenue Recognition and the Income Statement

Lecture 48 Introduction to the Income Statement

Lecture 49 Components of the Income Statement

Lecture 50 Different Income Statement Models

Section 8: Module 8 - Cash Flow Statement

Lecture 51 Module 8 Video - Cash Flow Statement

Lecture 52 Overview of Cash Flow Statement

Lecture 53 Operating Section

Lecture 54 Investing Section

Lecture 55 Financing Section

Lecture 56 Non-Cash Investing and Financing Activities

Section 9: Module 9 - Financial Statement Analysis

Lecture 57 Module 9 - Part 1 Video - Financial Statement Analysis

Lecture 58 Module 9 - Part 2 Video - Financial Statement Analysis

Lecture 59 Overview of Financial Statement Analysis

Lecture 60 Horizontal and Trend Analysis

Lecture 61 Vertical Analysis

Lecture 62 Ratio Analysis

Section 10: Module 10 - Financial Accounting Wrap-up

Lecture 63 Module 10 Video - Financial Accounting Wrapup

Section 11: Module 11 - Managerial Accounting and Cost

Lecture 64 Module 11 - Part 1 Video - Managerial Accounting and Cost

Lecture 65 Module 11 - Part 2 Video - Managerial Accounting and Cost

Lecture 66 Introduction to Managerial Accounting

Lecture 67 Cost Classifications

Lecture 68 High Low Method

Lecture 69 Cost Volume Analysis Method

Section 12: Module 12 - Managerial Accounting and Cost

Lecture 70 Module 12 - Part 1 Video - Managerial Accounting and Cost

Lecture 71 Module 12 - Part 2 Video - Managerial Accounting and Cost

Lecture 72 Product vs. Period Cost Classifications

Lecture 73 Direct vs. Indirect Costs and Traditional Overhead Allocation

Lecture 74 Activity-Based Costing

Lecture 75 Cost of Goods Manufactured Statement

Lecture 76 Absorption vs. Variable Costing Methods

Section 13: Module 13 - Managerial Accounting and Budgeting

Lecture 77 Module 13 - Part 1 Video - Managerial Accounting and Budgeting

Lecture 78 Module 13 - Part 2 Video - Managerial Accounting and Budgeting

Lecture 79 Budgeting Overview

Lecture 80 Sales Budget

Lecture 81 Production/Purchases Budget

Lecture 82 Raw Material Purchases Budget

Lecture 83 Direct Labor Budget

Lecture 84 Manufacturing Overhead Budget

Lecture 85 Selling, General, and Administrative Budget

Lecture 86 Cash Budget

Section 14: Module 14 - Standard Costing and Variance Analysis

Lecture 87 Module 14 - Part 1 Video - Standard Costing and Variance Analysis

Lecture 88 Module 14 - Part 2 Video - Standard Costing and Variance Analysis

Lecture 89 Standard Costing - Overview

Lecture 90 Flexible Budgeting

Lecture 91 Variable Cost Variance Analysis

Section 15: Module 15 - Managerial Accounting and Special Decisions

Lecture 92 Module 15 - Part 1 Video - Managerial Accounting and Special Decisions

Lecture 93 Module 15 - Part 2 Video - Managerial Accounting and Special Decisions

Lecture 94 Relevant Cost - Overview

Lecture 95 Sell or Process Further Decision

Lecture 96 Special Pricing Decision

Lecture 97 Make or Buy Outsourcing Decision

Lecture 98 Continue or Discontinue a Segment Decision

Lecture 99 Scarce Resources Decision

This course is MBA level students that are not interested in going into accounting, but still need to learn about the basics of financial and managerial accounting.