Introductory Financial Accounting - Acc 100/Cacc 100

Learn ACC100/CACC100 - Toronto Metropolitan University and The Chang School with detailed step-by-step videos/worksheets

What you'll learn

Explore the roles of business sectors and stakeholders in ACC 100/CACC 100, understanding their impact on accounting for business decisions.

Develop a deep understanding of qualitative traits in ACC 100/CACC 100, crucial for decision-making within the language of business.

Master the foundational principles in ACC 100/CACC 100, focusing on the accounting equation (Assets = Liabilities + Shareholders' Equity).

Gain practical skills in analyzing financial statements within ACC 100/CACC 100, interpreting data for informed decision-making in business.

Requirements

Course Requirements: No specific prerequisites or prior experience are required to enroll in ACC 100. This course is designed for beginners and individuals who want to gain a basic understanding of accounting for business decisions. The content is tailored to accommodate learners with varying levels of prior knowledge, ensuring accessibility and an inclusive learning environment. Recommended: Basic familiarity with business concepts (helpful but not required). Eagerness to understand the language of business through accounting principles. Access to a computer or device with internet connectivity for online tutorials and resources. This course is structured to lower barriers for beginners and welcomes individuals with diverse backgrounds who are interested in gaining fundamental insights into financial accounting.

Description

Embark on a transformative learning journey at Toronto Metropolitan University and The Chang School with our ACC 100/CACC 100 course, meticulously crafted to ensure your success. Our teaching methods go beyond the ordinary, offering a unique and engaging approach that sets us apart.We start by breaking down complex topics, such as Introduction to Accounting, The Accounting Equation, Transactions Analysis, and Using Accounts in Transaction Analysis, into digestible segments. Our step-by-step video tutorials provide an immersive learning experience, guiding you through each concept with clarity and precision.As we delve into Financial Statements—unraveling the intricacies of the Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows—we bring the material to life. The inclusion of real-world examples and practical insights ensures a comprehensive understanding that extends beyond theoretical knowledge.Our focus on Merchandising Businesses, Inventory Costing, Controls, Accounts Receivable, Long-Lived Assets, Liabilities, and Financial Statement Analysis is designed to provide you with practical skills that you can apply in real-world scenarios. The emphasis on application sets our teaching methods apart, empowering you with the ability to navigate financial challenges with confidence.To reinforce your understanding and ensure mastery, we offer targeted reviews for Super Quiz #1, Super Quiz #2, Midterm, and Final Exam. The breakdown of test questions with detailed solutions not only aids exam preparation but also solidifies your comprehension of the material.Join us to experience a teaching approach that transcends traditional methods, fostering a deep and lasting understanding of financial accounting. Enroll now and witness how our unique teaching methods can elevate your academic journey to new heights!

Overview

Section 1: Chapter 1 - Introduction to Accounting

Lecture 1 Lesson 1 - Business Sectors

Lecture 2 Lesson 2 - Stakeholders

Lecture 3 Lesson 3 - Qualitative Characteristics

Lecture 4 Lesson 4 - Assumptions

Lecture 5 Lesson 5 - PQ1-7

Section 2: Chapter 2 - The Accounting Equation and Transaction Analysis

Lecture 6 Lesson 1 - Shareholders Equity Formulas PQ2-1 and PQ2-2

Lecture 7 Lesson 2 - PQ2-4

Lecture 8 Lesson 3 - Elements + Charts

Lecture 9 Lesson 4 - Enhancing Questions

Lecture 10 Lesson 5 - PQ2-7

Lecture 11 Lesson 6 - PQ2-8

Lecture 12 Chapter 2 - Lesson 7 - PQ2-10

Lecture 13 Lesson 8 - PQ2-13

Lecture 14 Lesson 9 - PQ2-15 and 2-16

Section 3: Chapter 3 - Using Accounts in Transaction Analysis

Lecture 15 Lesson 1 - Different Accounts

Lecture 16 Lesson 2 - PQ3-2

Lecture 17 Lesson 3 - PQ3-3

Lecture 18 Lesson 4 - PQ3-5

Lecture 19 Lesson 5 - PQ3-7

Lecture 20 Lesson 6 - PQ3-9, PQ3-12 & PQ3-13

Section 4: Super Quiz #1 - Chapter 1 - 3

Lecture 21 Lesson 1 - Part 1

Lecture 22 Lesson 2 - Part 2

Lecture 23 Lesson 3 - Part 3

Section 5: Chapter 4 - Financial Statements

Lecture 24 Lesson 1 - Introduction to Financial Statements

Lecture 25 Lesson 2 - Income Statement

Lecture 26 Lesson 3 - Statement of Retained Earnings

Lecture 27 Lesson 4 - Balance Sheet

Lecture 28 Lesson 5 - Statement of Cash Flows

Lecture 29 Lesson 6 - PQ4-3 - Part 1

Lecture 30 Lesson 7 - PQ4-3 - Part 2

Lecture 31 Lesson 8 - PQ4-3 - Part 3

Lecture 32 Lesson 9 - PQ4-7

Section 6: Chapter 5 - Merchandising Businesses

Lecture 33 Lesson 1 - General Overview

Lecture 34 Lesson 2 - PQ5-2

Lecture 35 Lesson 3 - PQ5-5

Lecture 36 Lesson 4 - PQ5-10 - Requirement 2

Lecture 37 Lesson 5 - PQ5-10 - Requirement 1

Lecture 38 Lesson 6 - PQ5-7

Lecture 39 Lesson 7 - PQ5-7 - Multi-Step Income Statement

Lecture 40 Lesson 8 - PQ5-11

Lecture 41 Lesson 9 - PQ5-12

Section 7: Midterm - Chapter 1 - 5

Lecture 42 Lesson 1 - Merchandising Businesses (Chapter 5)

Lecture 43 Lesson 2 - The Accounting Equation and Transaction Analysis (Chapter 2)

Lecture 44 Lesson 3 - Using Accounts in Transaction Analysis (Chapter 3)

Lecture 45 Lesson 4 - Financial Statements (Chapter 4)

Lecture 46 Lesson 5 - The Accounting Equation and Transaction Analysis (Chapter 2)

Lecture 47 Lesson 6 - Unknown Amounts (Chapter 2)

Section 8: Chapter 6 - Inventory Costing and Controls

Lecture 48 Lesson 1 - General Overview

Lecture 49 Lesson 2 - PG6-1

Lecture 50 Lesson 3 - PG6-4

Lecture 51 Lesson 4 - PG6-8

Lecture 52 Lesson 5 - PG6-10

Lecture 53 Lesson 6 - PG6-11

Lecture 54 Lesson 7 - PG6-12

Section 9: Chapter 7 - Accounts Receivable

Lecture 55 Lesson 1 - General Overview

Lecture 56 Lesson 2 - PQ7-1

Lecture 57 Lesson 3 - PQ7-2

Lecture 58 Lesson 4 - PQ7-4 and PQ7-5

Lecture 59 Lesson 5 - PQ7-7

Lecture 60 Lesson 6 - PQ7-9

Section 10: Chapter 8 - Long-Lived Assets

Lecture 61 Lesson 1 - General Overview

Lecture 62 Lesson 2 - PQ8-2

Lecture 63 Lesson 3 - PQ8-4

Lecture 64 Lesson 4 - PQ8-5

Lecture 65 Lesson 5 - PQ8-8

Lecture 66 Lesson 6 - PQ8-10

Lecture 67 Lesson 7 - PQ8-11

Lecture 68 Lesson 8 - PQ8-12

Lecture 69 Lesson 9 - PQ8-14

Section 11: Super Quiz #2 - Chapters 6 - 8

Lecture 70 Lesson 1 - Question 1 and Question 2

Lecture 71 Lesson 2 - Question 3 - Inventory Costing and Control (Chapter 6)

Lecture 72 Lesson 3 - Question 4 - Accounts Receivable (Chapter 7)

Lecture 73 Lesson 4 - Question 5 - Long-Lived Assets (Chapter 8)

Section 12: Chapter 9 - Liabilities

Lecture 74 Lesson 1 - General Overview

Lecture 75 Lesson 2 - PQ9-1 & PQ9-2

Lecture 76 Lesson 3 - PQ9-3

Lecture 77 Lesson 4 - PQ9-5

Lecture 78 Lesson 5 - PQ9-6

Lecture 79 Lesson 6 - PQ9-7

Lecture 80 Lesson 7 - PQ9-9

Lecture 81 Lesson 8 - PQ9-11

Lecture 82 Lesson 9 - PQ9-13

Lecture 83 Lesson 10 - PQ9-14

Section 13: Chapter 10 - Financial Statement Analysis

Lecture 84 Lesson 1 - PQ10-1

Lecture 85 Lesson 2 - PQ10-2

Section 14: Final Exam Review - Chapter 1 - 10

Lecture 86 Lesson 1 - Multiple Choice - All Chapters (Chapters 1 - Chapters 10)

Lecture 87 Lesson 2 - FER-1 - Accounts Receivable (Chapter 7)

Lecture 88 Lesson 3 - FER-2 - Long-Lived Assets (Chapter 8)

Lecture 89 Lesson 4 - FER-3 - Using Accounts in Transaction Analysis (Chapter 3)

Lecture 90 Lesson 5 - FER-4 - Liabilities (Chapter 9)

Lecture 91 Lesson 6 - FER-5, FER-6 and FER-7 - Financial Statement Analysis (Chapter 10)

Lecture 92 Lesson 7 - FER-8 - Inventory Costing and Control (Chapter 6)

Toronto Metropolitan University and The Chang School Students