The Accounting Prof

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289 videos

I make videos that help accounting students understand the basics of financial accounting, including the recording of economic transactions, the reporting of...

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End of Period Adjustments Interest Expense

End of Period Adjustments Accrued Revenues

End of Period Adjustments Unearned Revenue

End of Period Adjustments Insurance

End of Period Adjustments Supplies

Applying Accrual Accounting

Accrual Accounting Principles

Summarizing Transactions for Financial Statements

Accounting Transactions and the Accounting Equation

The Accounting Information System

Financial Reporting Assumptions and Principles

Qualities of Useful Information

The Standard Setting Environment

ROA and Asset Turnover

Gross Profit Rate and Net Profit Margin

Multi-Step Income Statement

Merchandising Operations

Analyzing Solvency

Analyzing Liquidity

Financial Statement Analysis Overview

Classified Balance Sheet (Shareholders’ Equity)

Classified Balance Sheet (Liabilities)

Classified Balance Sheet (Assets)

Classified Balance Sheet (Overview)

The Annual and Modern Reports

Financial Statement Interrelationships

Financial Statement Overview

Asset, Liability, and Equity (Financial Health) Accounts

Revenue and Expense (Operating Performance) Accounts

Types of Business Activity