ACC 201 • Midterm • Introduction to Financial Accounting and Reporting

What is Accounting?

Accounting Concepts

The Accounting Equation and Financial Position

Overview of Financial Statements

The Accounting Equation Overview Question

Accounting Equation

Using Accounting Equation to Analyze Transactions

Using Accounting Equation to Analyze Transactions

Accounting Equation

Net Income, Owner's Equity

Calculating Net Income

Accounting Equation

Shareholder's Equity

Shareholders Equity

Accounting Equation

Accounting Equation

Accounting Equation

Accounting Equation

Accounting Equation

Shareholder's Equity

Accounting Equation

Accounting Equation

Accounting Equation

Accounting Equation

Account Concept and Types of Asset Accounts

Types of Liability Accounts

Types of Equity Accounts

Overview of Types of Accounts

Overview of Types of Accounts2

Asset Accounts

Liability and Owners' Equity Accounts

Double Entry Accounting

Journal Records The Most Asked Transactions - PART 1

Journal Records The Most Asked Transactions - PART 2

Journal Records The Most Asked Transactions - PART 3

Journal Records The Most Asked Transactions - PART 4

Journal Records The Most Asked Transactions - PART 5

Journalizing Business Transactions

Transactions to Journal Entries

Journalizing Business Transactions

Journalizing Business Transactions

Accounts and recording transactions

Accounts Receivable

Expenses

Recording Transactions: Accounts Payable

Recording Transactions: Cash Balance

Recording Transactions

Recording Transactions: Notes Payable

The Accounting Cycle

From Journal Records to Ledger (T-Account)

From Ledger(T-account) to Trial Balance

Posting T-Accounts (Post General Ledger)

Preparing Trial Balance

Adjusting Process - PART 1

Adjusting Process - PART 2

Adjusting Entries

Adjusting Entries I - part 1

Adjusting Entries I - part 2

Adjusting Entries I - part 3

Adjusting Entries I - part 4

Adjusting Entries I - part 5

Adjusting Entries I - part 6

Adjusting Entries I - part 7

Adjusting Entries II

Adjusting Entries III

Adjusting Entries - Depreciation Expense

Adjusting Entries - Deferred Salary Expense

Adjusting Entry - Deferred Rent Expense

Adjusting entry - Deferred Interest Expense

Adjusting entry - Deferred Service Revenue

Adjusting entry - Deferred Service Revenue

Adjusting Entry: Unearned Revenue

Adjusting Entry: Deferred Salary Expense

Adjusting Entry: Deferred Revenue

Adjusting Entry: Deferred Revenue

Adjusting Entry: Accrued Interest

Adjusting entry: Depreciation Expense

Deferral: Rent Expense

Adjusting Entries: Depreciation Expense

Adjusting Entry: Deferred Office Supply Expense

Adjusting Entries: Depreciation Expense

Adjusting Entries: Deferred Rent Expense

Adjusting Entries: Deferred Rent Expense

Adjusting Entries: Deferred Revenue

Adjusting Entries: Deferred Revenue

Adjusting Entries: Depreciation Expense

Adjusting Entries: Accrued Salaries Expense

Adjusting Entries: Accrued Interest Expense

Adjusting Entries: Accrued Interest Expense

Adjusting Entries: Depreciation Expense

Adjusting Entries: Deferred Office Supply

Adjusted Trial Balance

Preparing Adjusted Trial Balance

Debit-Credit Balances in Adjusted Trial Balance

Error Correction

Adjusted Trial Balance

From Adjusted Trial Balance to Financial Statements

Preparing Financial Statements

Financial Statements

Balance Sheet

Income Statement

Financial Ratios: Debt Ratio

Account Balances to Income Statement

Generating Balance Sheet

Closing entries and Post Closing Trial Balance

Closing Entries

Calculating Ratios

Closing Entries

Closing Entries

Closing Entries

Closing Entries, Retained Earnings, Dividends

Receivables: Introduction, Common Types

Credit Card Sales

Bad debts

Bad debts - Write off Method

Bad debts - Introduction to Allowance Method

Bad debts - Percent of Sales Method

Bad debts - Percent of Receivables Method

Bad debts - Aging Method

Notes Receivable, terms and interest calculations

Notes Receivable transactions and dishonored notes

Direct Write-off Method

Bad debts - Allowance - Percent of Sales Method

Allowance Method (Percent of Sales)

Allowance Method (Percent of Receivables)

Allowance Method (Percent of Receivables)

Allowance Method (Aging Method)

Allowance Method (Aging Method)

Note Receivables

Receivables, Note Receivables, Allowance Method

Notes Receivable: Accrued Interest

Allowance for Bad Debts

Allowance for Bad Debts

Allowance for Bad Debts

Allowance: Percent of Sales Method

Amortisation of Intangible Assets

Note Receivable

Note Receivable

Note Receivable

Allowance for Bad Debts