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Topic outline

  • Financial Statements

    • Introduction to Financial Accounting Page
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    • The Accounting Equation EXAMPLE Page
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    • Understanding Assets, Liabilities and Equity Page
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    • Preparing the Income Statement Page
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    • Preparing the Financial Statements Page
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    • Preparing the Statement of Changes in Equity Page
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    • Preparing The Balance Sheet Page
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    • Financial Ratios Page
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  • Journal Entries

    • Journal Entries Explained Page
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    • Journal Entries Example Page
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    • T-Accounts Explained Page
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    • The Trial Balance Example Page
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  • Adjusting journal entries

    • Adjusting Journal Entries Explained Page
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    • Adjusting Journal Entries EXAMPLES Page
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    • - Adjusting Journal Entries - MORE EXAMPLES Page
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    • Adjusted Trial Balance Page
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    • Preparing Detailed Financial Statements Page
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    • Closing Journal Entries EXPLAINED Page
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    • Accounting for Cash Page
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    • Bank Reconciliation Example Page
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    • Completing Bank Reconciliations - The Journal Entries Page
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  • Receivales

    • Accounts Receivable Explained Page
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    • Accounts Receivable - Percentage of Sales Method Example Page
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    • Accounts Receivable - Aging of Receivables Method Page
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    • How do you Write Off a Receivable? Page
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  • Inventory

    • Introduction to Inventory Page
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    • Inventory Discounts (2/10, Net 30) EXPLAINED Page
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    • Income Statement Example - NOW WITH COGS! Page
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    • Merchandiser's Financial Statements - Stmt of Changes in Equity Page
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    • Merchandiser's Financial Statements - Balance Sheet Page
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    • Inventory - FIFO, LIFO, Weighted Average Explained Page
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    • Inventory - FIFO Method FIXED Page
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    • Inventory - LIFO Method Page
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    • Inventory - Weighted Average (Average Cost) Method Page
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  • Depreciable assets

    • Capital Asset Depreciation Page
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    • Straight-Line Depreciation Example Page
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    • Units of Production Depreciation Example Page
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    • Double Declining Balance Depreciation Example Page
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    • Selling an Asset at a Gain or Loss Example Page
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    • Liabilities, Warranties and Bonds Page
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    • Bonds issued at a Discount Page
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    • Bonds issued at a Premium Page
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  • Shareholders equity

    • Shareholders' Equity Page
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    • Shareholders' Equity Example Problem Page
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  • Statement of cash flows

    • Statement of Cash Flows Explained Page
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    • Statement of Cash Flows Example - Direct Method Page
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    • Statement of Cash Flows Example - Indirect Method Page
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    • Statement of Cash Flows - Investing and Financing Sections Page
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  • Financial Statement Analysis

    • Financial Statement Analysis Page
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    • Horizontal Analysis Page
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    • Vertical Analysis Page
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    • Financial Ratio Calculations and Analysis Page
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  • Quiz

    • Financial Accounting Revision Quiz
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