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Accounting Instruction, Help, & How To - Bob Steele

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Goal: One stop location to find accounting information, help, and training. Differentiation – 1) Large comprehensive selection of topics including financial accounting, managerial accounting, tax, and small business tips. 2) Use of trial balance and chart of accounts including an explanation to understand more concepts as they relate to the accounting process as a whole, including the double entry accounting system, the chart of accounts, and debits and credits. Many books and resources focus on very limited aspects of a topic leaving us with little understanding of how it fits into the double entry accounting system, how it relates to debits and credits, and how it would be journalized to a trial balance. We make an effort to show these accounting relationships. Learning Philosophy – Accounting is learned best by doing. Much of accounting should be learned with the use of electronic spreadsheets such as Excel or Google Sheets. Learning accounting is also the best way to learn how to use electronic spreadsheets. These are not 2 separate activities to be learned in isolation from each other, but rather they should be learned at the same time, so open up Excel or sign up to a free Google Sheets account and let’s work some problems. Objectives: • Provide learning resources to any user including accounting students, users who work in an accounting department or firm, or anybody who wants to learn more about accounting, and or, Excel • Allow users to locate what they need in a quick and easy way • Provide example problems which break down concepts into learnable parts • Provide example problems that explain the use of electronic spreadsheets like Excel so that users can learn how to use these applications within a practical context • Provide lectures that discuss accounting topics • Provide reading material to explain accounting topics

Goal: One stop location to find accounting information, help, and training. Differentiation – 1) Large comprehensive selection of topics including financial accounting, managerial accounting, tax, and small business tips. 2) Use of trial balance and chart of accounts including an explanation to understand more concepts as they relate to the accounting process as a whole, including the double entry accounting system, the chart of accounts, and debits and credits. Many books and resources focus on very limited aspects of a topic leaving us with little understanding of how it fits into the double entry accounting system, how it relates to debits and credits, and how it would be journalized to a trial balance. We make an effort to show these accounting relationships. Learning Philosophy – Accounting is learned best by doing. Much of accounting should be learned with the use of electronic spreadsheets such as Excel or Google Sheets. Learning accounting is also the best way to learn how to use electronic spreadsheets. These are not 2 separate activities to be learned in isolation from each other, but rather they should be learned at the same time, so open up Excel or sign up to a free Google Sheets account and let’s work some problems. Objectives: • Provide learning resources to any user including accounting students, users who work in an accounting department or firm, or anybody who wants to learn more about accounting, and or, Excel • Allow users to locate what they need in a quick and easy way • Provide example problems which break down concepts into learnable parts • Provide example problems that explain the use of electronic spreadsheets like Excel so that users can learn how to use these applications within a practical context • Provide lectures that discuss accounting topics • Provide reading material to explain accounting topics
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Location:

United States

Description:

Goal: One stop location to find accounting information, help, and training. Differentiation – 1) Large comprehensive selection of topics including financial accounting, managerial accounting, tax, and small business tips. 2) Use of trial balance and chart of accounts including an explanation to understand more concepts as they relate to the accounting process as a whole, including the double entry accounting system, the chart of accounts, and debits and credits. Many books and resources focus on very limited aspects of a topic leaving us with little understanding of how it fits into the double entry accounting system, how it relates to debits and credits, and how it would be journalized to a trial balance. We make an effort to show these accounting relationships. Learning Philosophy – Accounting is learned best by doing. Much of accounting should be learned with the use of electronic spreadsheets such as Excel or Google Sheets. Learning accounting is also the best way to learn how to use electronic spreadsheets. These are not 2 separate activities to be learned in isolation from each other, but rather they should be learned at the same time, so open up Excel or sign up to a free Google Sheets account and let’s work some problems. Objectives: • Provide learning resources to any user including accounting students, users who work in an accounting department or firm, or anybody who wants to learn more about accounting, and or, Excel • Allow users to locate what they need in a quick and easy way • Provide example problems which break down concepts into learnable parts • Provide example problems that explain the use of electronic spreadsheets like Excel so that users can learn how to use these applications within a practical context • Provide lectures that discuss accounting topics • Provide reading material to explain accounting topics

Language:

English


Episodes

500.20 Merchandising Transaction

9/25/2016
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Merchandising transactions adding transactions related to inventory and accounts related to inventory, cost of good sold (COGS), sales discount, purchase discount. . . The post 500.20 Merchandising Transaction appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:39:07

400.10 Closing Entries 2 Step And 4 Step Process

9/25/2016
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Closing entries journal entries to close out temporary accounts, including all income statement account, to equity accounts. The post 400.10 Closing Entries 2 Step And 4 Step Process appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:30:39

300.30 Financial Statement Creation From Adjusted Trial Balance

9/25/2016
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Adjusting entry transaction, journal entries at the end of the accounting period to adjust account to accrual basis as of the date of financial statements. The post 300.30 Financial Statement Creation From Adjusted Trial Balance appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:42:28

200.10 Transactions Debits & Credits Cash, Accounts Receivable, Accounts Payable

9/23/2016
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Recording normal business transactions related to cash, accounts receivable, and accounts payable, using debits and credit, discussing the effect on the accounting equation of assets liabilities and equity The post 200.10 Transactions Debits & Credits Cash, Accounts Receivable, Accounts Payable appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:01:00:23

56805 – Audit Reports, Audit Completion

9/19/2016
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Audit reports including standard unqualified report and variations including qualified report The post 56805 – Audit Reports, Audit Completion appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:13:35

56605-Audit- Cash & Financial Investments

9/17/2016
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Audit of cash and financial investments including cash equivalents, stocks, and bonds The post 56605-Audit- Cash & Financial Investments appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:32:28

56505-Audit-Long Term Liabilities, Stockholders’ Equity, Income Statement

9/14/2016
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Audit of long term liabilities, Stockholder’s Equity, and the income statement including internal controls and substantive tests The post 56505-Audit-Long Term Liabilities, Stockholders’ Equity, Income Statement appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:31:17

56405 – Audit – Property Plant & Equipment, Prepaid Assets, Intangible Assets

9/10/2016
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Audit of property plant & equipment, prepaid assets, and intangible assets including internal controls and substantive tests The post 56405 – Audit – Property Plant & Equipment, Prepaid Assets, Intangible Assets appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:33:30

56305 – Auditing The Inventory Process

9/9/2016
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Audit of inventory including controls and substantive testing The post 56305 – Auditing The Inventory Process appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:28:55

56205 – Audit – Payroll Process

9/7/2016
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Audit of the payroll process including internal controls and duties to be segregated. The post 56205 – Audit – Payroll Process appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:24:14

56105 – Audit – Purchasing Process

9/7/2016
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Auditing the purchasing process including accounts payable and expenses, assets, and inventory related to the purchasing process. The post 56105 – Audit – Purchasing Process appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:25:29

56005 – Auditing – Revenue Process

9/4/2016
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Audit testing of revenue process. The post 56005 – Auditing – Revenue Process appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:34:11

55805 – Audit Sampling

9/2/2016
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Audit sampling is necessary because we cannot test all transaction in the audit process and must use sampling in order to make a determination about many audit assertions The post 55805 – Audit Sampling appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:18:33

55605 – Audit – Internal Controls

9/2/2016
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Internals are a critical part of the audit process and a critical part of the running of an organization. The post 55605 – Audit – Internal Controls appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:23:26

55505 – Audit Evidence And Documentation

8/29/2016
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Explain the function of audit evidence, describe management assertions about transactions, account balances and disclosures, list procedures to obtain audit evidence and describe reliability of audit procedures. The post 55505 – Audit Evidence And Documentation appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:42:20

55405 Audit Risk Assessment

8/29/2016
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Audit risk assessment includes, analyzing what audit risk is, audit risk assessment process, analysis of how to act on audit risk results, & documentation of audit risk assessment. The post 55405 Audit Risk Assessment appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:25:36

55305-Audit Planning Stage

8/24/2016
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Audit planning stage – list steps involved int the preliminary engagement, explain information included in and engagement letter, explain the steps in planning an audit, describe immateriality & it’s importance. The post 55305-Audit Planning Stage appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:37:38

55205 – Audit Environment

8/24/2016
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Audit environment – Types of auditory, list attest and assurance services, describe the organizational structure of an accounting firm, and explain the need for audit standards. The post 55205 – Audit Environment appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:21:18

55005-Auditing, Attest, & Assurance

8/22/2016
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Auditing 101 introduction; audit defined, attestation defined, assurance services defined. Explanation on why audits are important, outline of the audit process. The post 55005-Auditing, Attest, & Assurance appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Duration:00:23:00

2500.4 – Managerial Decisions, Relevant Cost, Sunk Cost, Opportunity Cost

8/19/2016
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Managerial accounting situation designed to highlight common problems in managerial decisions and formal process to make decisions. Included discussion of relevant costs and benefits. Scenarios include accepting additional business or a special offer, decision to make or buy, decision to scrap or rework, decision to sell or process further, decision about sales mix, and decision […] The post 2500.4 – Managerial Decisions, Relevant Cost, Sunk Cost, Opportunity Cost appeared first on...

Duration:00:28:07