Practical Accounting For Assets
Published 8/2023
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 3.07 GB | Duration: 3h 51m
Published 8/2023
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 3.07 GB | Duration: 3h 51m
Cash, Receivables, Inventory and Long-Term Assets begin with Ten Basic Transactions, Key Terms, Examples and Practice.
What you'll learn
Cash and Internal Controls
Receivables
Merchandise Inventory
Long-Term Assets
Requirements
No prior accounting experience required.
Description
Cash and Internal ControlsLearn why Cash is King, How Internal Controls Protect it and How it is Managed.- Principles, Analytics and Limitations of Internal Controls- Internal Controls for Cash Receipts (Collections) and Cash Held- Internal Controls for Cash Disbursements (Payments)- Bank Reconciliation - Who Knows? Example, Practice, Solution- Cash Management, Forecasting and Working Capital RatiosReceivablesLearn the Collect and Use for BAD BAD Debt transactions with the Allowance Method before the Lend transactions for Notes Receivables.- Overview of Key Issues and Terminology of Receivables- The Aging Schedule and the Allowance Method- Credit Cards and Factors- Notes Receivable Lend, Earn Interest and Collect- Receivables Management, Internal Controls and RatiosMerchandise InventoryExplore seven methods to calculate the Use of Inventory to Sell on One worksheet then with Practice before learning the associated management, valuation and reporting issues.- Overview of Key Issues and Terminology of Merchandise Inventory- Perpetual vs. Periodic Inventory Systems- Specific Identification- FIFO Periodic and LIFO Periodic & Perpetual- Average Cost Periodic and Perpetual- FIFO and LIFO Layers - Multiple Unit Purchases and Sales- Management and Financial Statement TopicsLong-Term AssetsLearn the how to buy then three methods to use long-term assets by depreciating their cost over their useful life.- Overview of Key Issues and Terminology of Long-Term Assets- Acquiring (Buying) a Long-Term Asset- Straight Line Depreciation- Declining Balance Depreciation- Activity Based Depreciation and Depletion- Selling Long-Term Assets- Intangible Assets- Management, Internal Controls and Ratios- Changes to Long-Term Assets - Useful Life, Impairing, Errors
Overview
Section 1: Cash and Internal Controls
Lecture 1 A Brief Look Inside Cash and Internal Controls
Lecture 2 Overview of Key Issues and Terminology of Cash and Internal Controls
Lecture 3 Principles, Analytics and Limitations of Internal Controls
Lecture 4 Internal Controls for Cash Receipts (Collections) and Cash Held
Lecture 5 Internal Controls for Cash Disbursements (Payments)
Lecture 6 Bank Reconciliation: Who Knows? Example, Practice, Solution
Lecture 7 Cash Management, Forecasting and Working Capital Ratios
Section 2: Receivables
Lecture 8 A Brief Look Inside Receivables
Lecture 9 Overview of Key Issues and Terminology of Receivables
Lecture 10 The Aging Schedule and the Allowance Method
Lecture 11 Credit Cards and Factors
Lecture 12 Notes Receivable Lend, Earn Interest and Collect
Lecture 13 Receivables Management, Internal Controls and Ratios
Section 3: Merchandise Inventory
Lecture 14 A Brief Look Inside Merchandise Inventory
Lecture 15 Overview of Key Issues and Terminology of Merchandise Inventory
Lecture 16 Perpetual vs. Periodic Inventory Systems
Lecture 17 Specific Identification
Lecture 18 FIFO Periodic and LIFO Periodic
Lecture 19 FIFO Perpetual and LIFO Perpetual
Lecture 20 Average Cost Periodic and Perpetual
Lecture 21 FIFO and LIFO Layers: Multiple Unit Purchases and Sales
Lecture 22 Management and Financial Statement Topics
Section 4: Long-Term Assets
Lecture 23 A Brief Look Inside Long-Term Assets
Lecture 24 Overview of Key Issues and Terminology of Long-Term Assets
Lecture 25 Acquiring (Buying) a Long-Term Asset
Lecture 26 Straight Line Depreciation
Lecture 27 Declining Balance Depreciation
Lecture 28 Activity Based Depreciation and Depletion
Lecture 29 Selling Long-Term Assets
Lecture 30 Intangible Assets
Lecture 31 Management, Internal Controls and Ratios
Lecture 32 Changes to Long-Term Assets - Useful Life, Impairing, Errors
Businesses, Financial Accounting students and individuals interested in accounting.