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Intro to Financial Accounting
Chapter
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Chapter 1
Learn the Language, Mechanics, and Systems of Accounting.
Estimated time: ~51 Minutes -
Chapter 2
Learn the basics of the financial statements.
Estimated time: ~43 Minutes -
Chapter 3
Learn the structure and composition of the income statement.
Estimated time: ~29 Minutes -
Chapter 4
Learn the structure and composition of the balance sheet.
Estimated time: ~34 Minutes -
Chapter 5
Learn more about the structure and composition of the balance sheet.
Estimated time: ~41 Minutes -
Chapter 6
This chapter continues the discussion of the balance sheet, with more advanced topics.
Estimated time: ~29 Minutes -
Chapter 7
Cash is king. Learn the structure and composition of the cash flow statement.
Estimated time: ~21 Minutes -
Chapter 8
In this chapter we cover more advanced topics of introductory accounting.
Estimated time: ~22 Minutes
Concept
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1
Concept 1
Our friend Dr. Larry Walther gives us the 411 on long-term assets.
Estimated time: ~3 Minutes -
2
Concept 2
Principlesofaccounting.com's Dr. Larry Walther lectures on the definition and application of depreciation.
Estimated time: ~6 Minutes -
3
Concept 3
Dr. Larry Walther explains one method of depreciation, the straight-line method of depreciation.
Estimated time: ~4 Minutes -
4
Concept 4
Sal Khan of Khan Academy lectures on a quantitative explanation of depreciation. Learn a mathematical representation for calculating depreciation.
Estimated time: ~4 Minutes -
5
Concept 5
Larry Walther introduces the units of output method for depreciation.
Estimated time: ~2 Minutes -
6
Concept 6
Larry Walther explains how to account for the usage of natural resources.
Estimated time: ~4 Minutes -
7
Concept 7
Dr. Larry Walther explains how to account for expenses of intangible assets.
Estimated time: ~5 Minutes -
8
Concept 8
Dr. Larry Walther shows you how to account for removing assets from the books.
Estimated time: ~2 Minutes -
9
Concept 9
Principlesofaccounting.com's Larry Walther explains the composition of current liabilities.
Estimated time: ~3 Minutes -
10
Concept 10
Watch this video to learn the construction guidelines for notes payable.
Estimated time: ~5 Minutes -
Test
Chapter 5 Test
Take the chapter 5 test and unlock the Intermediate Balance Sheet badge.
Concept 1: Introduction to Property, Plant, & Equipment
Our friend Dr. Larry Walther gives us the 411 on long-term assets.
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Quiz Questions
Concept 1: Introduction to Property, Plant, & Equipment
- Which of the following would not be considered Property, Plant, & Equipment
- Ordinary and necessary costs used to improve PP&E are called
- What are the appropriate journal entries for buying a server worth $2000 with a check (consider a check to be cash)
- The name of the contra asset account that captures the decrease of the value of equipment over time is called