Accounting Instruction, Help, & How To - Bob Steele

GA100 – Introduction To Accounting For Governmental & Not-For-Profit Entities

Accounting for governmental and not for profit entities including an introduction of what government and not for profit entities are and starting off with a comparison with for-profit industries. Both in this discussion and within the development of accounting regulations...

MA1200 Banks, Money And The Financial Sector

The banking system, definition of money,, and how money is created in the banking system.

MI1800 Inflation – Calculation & Policy

Inflation, – How to calculate using index, relationship between inflation and unemployment using the Phillips Curve, and discussion of what drives inflation.

EA1300.10 Monetary Policy

Monetary policy used by the federal reserve to influence the economy in times of a recessionary or inflationary gap.

EA900.10 – Keynesian Model – Short Run or Demand Side

Keynesian short run or demand model includes business cycles aggregate demand, short term aggregate supply, and long term aggregate supply. The basis for monetary and fiscal policy recommendations.

EA10,000.10 Classical Model – Long Run, Growth, Supply – Side

Classical model, long run, growth or supply-side, discussing the model most economists held before the 1930 and that has had some concepts come back since the 1970s.

EA600.10 Economic History Classical And Keynesian, Short Term, Long Term

Economic history of macro economics introducing classical economics, Keynesian economics and the business cycle.

EA700.10 Gross Domestic Product GDP

Gross domestic product GDP, basic macro economic accounting term measuring performance, including C Consumption + I Income + G Government Spending + Net exports (exports – imports).

EA800.10 Market Problems – Government Problems

Market problems including externalities, public goods, and uneven information including pros and cons of government intervention for these market problems.

Economic terms of demand and utility allowing us to graph diminishing marginal utility.

EA400.10 Elasticity

Economic concept of elasticity crucial economic concept in many economic models, applied to elastic of demand and elasticity of supply.

EA300.10 Supply, Demand, & Equilibrium

Economic core concepts of supply, demand & equilibrium including movement along supply and demand curve, shit in supply and demand curve, and discussion of market based economy & centrally planned economy.

EA200.10 Production Possibility Frontier & Comparative Advantage

Economic topic of production possibility frontier & comparative advantage are core principles in economics, demonstrating the use of models and concepts of scarcity, opportunity cost, and trade-offs in decision making.

2000.20 Equivalent Units – Process Cost System

Equivalent units calculation in process cost system to allocate direct material and conversion costs, direct labor & overhead, to proper process in process costs system.

2000.10 Process Cost System

Process cost system defined for manufacturing company including calculation of cost of goods manufactured and cost of goods sold, journal entries related to the process cost system, recording of journal entries to general ledger, and effect on trial balance accounts

1900.20 Job Cost System

Job cost system defined for manufacturing company including calculation of job cost report, journal entries related to the job cost system, recording of journal entries to general ledger, and effect on trial balance accounts

EA100.10 Economics It€“ What Is It & Why Learn

Economics introduction of what economics is and why learn economics, defining economics, exploring economic terms including micro economics and macroeconomics

1600.20 Statement of Cash Flows

Statement of cash flow, a financial statement showing the inflow and outflow of cash using 3 categories, operating, investing, and financing.

1400.20 Bond Issued at Discount & Interest Payments

Issue of bonds at a discount, interest payment calculation, discount amortization on a straight line method, and related journal entries.

1300.20 Treasury Stock

Treasury stock issuance and sale, defining treasuring stock & recording related journal entries to trail balance accounts

1200.40 Partnership-New Partner Added

Partnership, new partner added – related journal entries an impact on existing partner capital accounts.

1200.30 Partnership – Sale of Partnership Interest

Partners leaving a partnership selling interest to new partner or to partnership, related journal entries, and effect on partner capital accounts.

1200.20 Partnership Acclamation Net Income To Capital Accounts

Partnership net income allocation to partners & closing process for a a partnership, closing net income to partner capital accounts and draws to partner capital accounts.

1000.10-Depreciation-Straight Line, Double Declining Balance, Units of Production

Depreciation calculation-straight line method, double declining balance method, units of production method-journal entries to trial balance & comparison of net income, depreciation expense, and accumulated depreciation.

900.10 Allowance Method Accounts Receivable

Allowance Method used to estimate account receivable balance not collectible, journalize bad debt expense and record allowance for doubtful accounts.

800.10 Bank Reconciliation

Bank reconciliation, using bank statement to generate bank reconciliation and journal entry adjustments needed in the process.

700.20 Subsidiary Ledgers – Accounts Receivable, Accounts Payable

Subsidiary ledgers for accounts receivable and accounts payable recording activity by costumer and vendor rather then date done on the general ledger.

600.30 Inventory Methods – First In First Out (FIFO), Last In First Out (LIFO), Average

Inventory methods, Fist in first out (FIFO), Last in last out, (LIFO), and average calculation and comparison.v

500.30 Merchandising Financial Statement Creation from Adjusted Trial Balance

Merchandising financial statements including multiple step income statement and accounts related to inventory.

500.20 Merchandising Transaction

Merchandising transactions adding transactions related to inventory and accounts related to inventory, cost of good sold (COGS), sales discount, purchase discount. . .

400.10 Closing Entries 2 Step And 4 Step Process

Closing entries journal entries to close out temporary accounts, including all income statement account, to equity accounts.

300.30 Financial Statement Creation From Adjusted Trial Balance

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.

300.10 Adjusting Entry Transactions

Adjusting entries as of the end of a period, needed to put trail balance on accrual bases as of the date financial statement well be prepared.

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

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

56805 – Audit Reports, Audit Completion

Audit reports including standard unqualified report and variations including qualified report

56605-Audit- Cash & Financial Investments

Audit of cash and financial investments including cash equivalents, stocks, and bonds

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

Audit of long term liabilities, Stockholder’s Equity, and the income statement including internal controls and substantive tests

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

Audit of property plant & equipment, prepaid assets, and intangible assets including internal controls and substantive tests

56305 – Auditing The Inventory Process

Audit of inventory including controls and substantive testing

56205 – Audit – Payroll Process

Audit of the payroll process including internal controls and duties to be segregated.

56105 – Audit – Purchasing Process

Auditing the purchasing process including accounts payable and expenses, assets, and inventory related to the purchasing process.

56005 – Auditing – Revenue Process

Audit testing of revenue process.

55805 – Audit Sampling

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

55605 – Audit – Internal Controls

Internals are a critical part of the audit process and a critical part of the running of an organization.

55505 – Audit Evidence And Documentation

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.

55405 Audit Risk Assessment

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.

55305-Audit Planning Stage

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.

55205 – Audit Environment

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.

55005-Auditing, Attest, & Assurance

Auditing 101 introduction; audit defined, attestation defined, assurance services defined. Explanation on why audits are important, outline of the audit process.

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

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...