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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
Learn about present and future value calculations as they related to notes payable.
Estimated time: ~6 Minutes -
2
Concept 2
Get acquainted with bonds. Larry Walther explains how to account for bonds on the balance sheet.
Estimated time: ~6 Minutes -
3
Concept 3
Larry Walther explains stocks. Watch to learn the main composition of owner's equity.
Estimated time: ~3 Minutes -
4
Concept 4
Learn about preferred stock within owner's equity.
Estimated time: ~3 Minutes -
5
Concept 5
Dr. Larry Walther explains the journalization of dividends.
Estimated time: ~2 Minutes -
6
Concept 6
Dr. Larry Walther explains the structure of the owner's equity classification.
Estimated time: ~2 Minutes -
7
Concept 7
What's treasury stock? Dr. Larry Walther explains, and discusses how to account for stock buybacks.
Estimated time: ~4 Minutes -
Test
Chapter 6 Test
Take the chapter 6 test and unlock the Advanced Balance Sheet badge.
Concept 7: Treasury Stock
What's treasury stock? Dr. Larry Walther explains, and discusses how to account for stock buybacks.
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Quiz Questions
Concept 7: Treasury Stock
- A company buys back 5,000 shares of common stock for $100,000. What are the journal entries for this transaction
- The excess of sales price of treasury stock over its cost should be credited to
- A corporation purchases 10,000 shares of its own $10 par common stock for $17.50 per share, recording it at cost. What will be the effect on total stockholders’ equity?
- The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared?