Practical Accounting for Assets

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Cash, Receivables, Inventory and Long-Term Assets begin with Ten Basic Transactions, Key Terms, Examples and Practice.

1. Cash and Internal Controls

1.1 6 Cash and Internal Controls.xlsx

1. A Brief Look Inside Cash and Internal Controls

2. Overview of Key Issues and Terminology of Cash and Internal Controls

3. Principles, Analytics and Limitations of Internal Controls

4. Internal Controls for Cash Receipts (Collections) and Cash Held

5. Internal Controls for Cash Disbursements (Payments)

6. Bank Reconciliation Who Knows Example, Practice, Solution

7. Cash Management, Forecasting and Working Capital Ratios

2. Receivables

1.1 7 Receivables.xlsx

1. A Brief Look Inside Receivables

2. Overview of Key Issues and Terminology of Receivables

3. The Aging Schedule and the Allowance Method

4. Credit Cards and Factors

5. Notes Receivable Lend, Earn Interest and Collect

6. Receivables Management, Internal Controls and Ratios

3. Merchandise Inventory

1.1 8 Merchandise Inventory.xlsx

1. A Brief Look Inside Merchandise Inventory

2. Overview of Key Issues and Terminology of Merchandise Inventory

3. Perpetual vs. Periodic Inventory Systems

4. Specific Identification

5. FIFO Periodic and LIFO Periodic

6. FIFO Perpetual and LIFO Perpetual

7. Average Cost Periodic and Perpetual

8. FIFO and LIFO Layers Multiple Unit Purchases and Sales

9. Management and Financial Statement Topics

4. Long-Term Assets

1.1 9.0 A Brief Look Inside the Module

1. A Brief Look Inside Long-Term Assets

2. Overview of Key Issues and Terminology of Long-Term Assets

3. Acquiring (Buying) a Long-Term Asset

4. Straight Line Depreciation

5. Declining Balance Depreciation

6. Activity Based Depreciation and Depletion

7. Selling Long-Term Assets

8. Intangible Assets

9. Management, Internal Controls and Ratios

10. Changes to Long-Term Assets - Useful Life, Impairing, Errors

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تولید کننده: Udemy