Negotiable Instrument - Order or Bearer Paper

GAAP outlines the specific procedure by which you record bond issuances on the balance sheet and income statements. Notably, you must account for bond issuance costs as part of the process.

The video discusses the recording of accounts receivables and the different types of recognition involved. The instructor reviews the basic procedure for recording sales on credit and then goes on to discuss credit cards as a different...

Recording Accounts Payable - Financial Accounting

Recognize Special Inventory Sales Transactions - Accounting

Recognize Inventory Sales - Journal Entries

Pro Forma Financial Statements or Pro Forma are used to project the peformance of a business or project. This video explains how to create pro forma financial statements - namely the balance sheet, income statement, and cash flow statement.

In this video, the teacher explains what a revenue is and when it can be recognized. He gives three scenarios to illustrate the concept and emphasizes that a revenue is earned only when the product or service is delivered or rendered.

Steps in a Bank Reconciliation - Accounting

This video provides an explanation of the Statement of Cash Flow, which is a financial statement that details the inflows and outflows of cash within a business. The video discusses the three unique sections of the statement: Operating...

Professor AJ Kooti explains the Straight Line Depreciation Method as part of his financial accounting course.

Ch7. Video 5 - Allowance Method example

Direct Write-Off Method example

Intermittent Weighted Average example

Ch4. Video 9 - Accounting Cycle for Merchandising Business Example Part 2

Ch3. Video 9 - Completing the Accoutning Cycle (Financial Statements) Example

Journal Entries and T Accounts - Trial Balance Example - Part 2 of 2

The video discusses three important concepts related to finance and accounting: liquidity, cash, and cash equivalents. The presenter explains what liquidity is and why it is important for a company's ability to pay its near-term...

Cash Management - Financial Accounting

Companies often employ differing policies concerning whether to capitalize the purchase of assets or expense the purchase in a given year. This video explains the effects of a capitalization policy on the financial statements.

Professor AJ Kooti provides a detailed examples of how to account for sales of inventory using the Intermittent FIFO method.

When do investors or founders contribute intellectual property to a startup in exchange for an ownership or equity interest? When the company is formed, the founders are typically issued common stock in the company in exchange for the...

How should you structure Compensation within a Startup? How much debt should the company incur? How much equity should the company sell? This may include incentives on top of a base salary, so that your employees do well financially as...

Common size analysis is used to compare financial performance of two different companies or units. It is used to put the compared organizations on the same footing for comparison.