Topic outline

• PRINCIPLES OF ACCOUNTING VOLUME 1 - FINANCIAL ACCOUNTING COURSE
  

  PRINCIPLES OF ACCOUNTING VOLUME 1 - FINANCIAL ACCOUNTING COURSE

  
  

  This comprehensive course contains 16 sections with 95 self-grading lessons, including final assessments. The first section is available to try for free. 
  

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• Role of Accounting in Society
  

  Role of Accounting in Society

  
  

  • 1.1 The Importance of Accounting SCORM package

    • Explain the importance of accounting
    • Distinguish between financial and managerial accounting

  • 1.2 The Users of Accounting SCORM package

    • Identify users of accounting information 
    • Explain how users apply accounting information

  • 1.3 The Role of Accountants SCORM package

    • Describe typical accounting activities 
    • Explain the role accountants play in identifying, recording, and reporting financial activities

  • 1.4 Why Accounting is Important for Business Stakeholders SCORM package

    • Explain why accounting is important to business stakeholders

  • 1.5 Careers in Accounting SCORM package

    • Describe the varied career paths open to individuals with an accounting education

• Role of Accounting in Society - Final Assessment
  

  Role of Accounting in Society - Final Assessment

  
  

  This is the final assessment for Role of Accounting in Society. (Available when you subscribe.)
  
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• Introduction to Financial Statements
  

  Introduction to Financial Statements

  
  

  2.1 Financial Statements and Balance Sheets
  2.2 Assets, Liabilities, Equity, Revenue and Expenses
  2.3 Prepare Financial Statements and Balance Sheets
  Final Assessment
  
• Analyzing and Recording Transactions
  

  Analyzing and Recording Transactions

  
  

  3.1 Principles, Assumptions, and Concepts of Accounting
  3.2 The Expanded Accounting Equation
  3.3 Initial Steps in the Accounting Cycle
  3.4 Using the Accounting Equation
  3.5 Using Journal Entries
  3.6 Prepare a Trial Balance
  Final Assessment

  
  
• The Adjustment Process
  

  The Adjustment Process

  
  

  4.1 Adjusting Entries
  4.2 The Adjustment Process
  4.3 Common Types of Adjusting Entries
  4.4 Adjusted Trial Balance and Ledger Entries
  4.5 Adjusted Trial Balance and Financial Statements
  Final Assessment

  
  
• Completing the Accounting Cycle
  

  Completing the Accounting Cycle

  
  

  5.1 Business Closing Entries
  5.2 The Post-Closing Trial Balance
  5.3 Computing Current Ratio and Working Capital Balance
  Final Assessment

  
  
• Merchandising Transactions
  

  Merchandising Transactions

  
  

  6.1 Merchandising, Service Activities and Transactions
  6.2 Perpetual and Periodic Inventory Systems
  6.3 Using the Perpetual Inventory System for Merchandise Purchases
  6.4 Using the Perpetual Inventory System for Merchandise Sales
  6.5 Applying Commonly Used Freight-In Methods
  6.6 Income Statements for Merchandising Companies
  Final Assessment

  
  
• Accounting Information Systems
  

  Accounting Information Systems

  
  

  7.1 Components of an Accounting Information System
  7.2 The Purpose of Special Journals
  7.3 Using Special Journals
  7.4 Subsidiary Ledgers
  7.5 Career Paths
  Final Assessment

  
  
• Fraud, Internal Controls, and Cash
  

  Fraud, Internal Controls, and Cash

  
  

  8.1 Analyzing Fraud
  8.2 The Purpose of Internal Controls
  8.3 Organizational Internal Controls
  8.4 Petty Cash Funds
  8.5 Maintaining Internal Controls
  8.6 Bank Reconciliation
  8.7 Financial Statement Fraud
  Final Assessment

  
  
• Accounting for Receivables
  

  Accounting for Receivables

  
  

  9.1 The Revenue Recognition Principle
  9.2 Accounting for Uncollectable Accounts
  9.3 Using Financial Ratios to Determine Efficiency
  9.4 The Role of Accounting for Receivables
  9.5 Applying Revenue Recognition Principles
  9.6 The Difference Between Notes Receivable and Accounts Receivable
  Final Assessment
• Inventory
  

  Inventory

  
  

  10.1 Basic Inventory Valuation Methods
  10.2 Calculating Cost of Goods Sold Using the Periodic Method
  10.3 Calculating Cost of Goods Sold Using the Perpetual Method
  10.4 The Impact of Inventory Valuation Errors
  10.5 Inventory Management
  Final Assessment
• Long-Term Assets
  

  Long-Term Assets

  
  

  11.1 Tangible and Intangible Assets
  11.2 Capitalized Costs and Expenses
  11.3 Depreciation Methods
  11.4 Intangible Assets and Record Related Transactions
  11.5 Special Issues for Long-Term Assets
  Final Assessment
• Current Liabilities
  

  Current Liabilities

  
  

  12.1 Identifying Current Liabilities
  12.2 Analyzing and Reporting Current Liabilities
  12.3 Contingent Liabilities
  12.4 Recording Short-Term Notes Payable
  12.5 Preparing Payroll
  Final Assessment

  
  
• Long-Term Liabilities
  

  Long-Term Liabilities

  
  

  13.1 Long-Term Liabilities Pricing
  13.2 Amortization of Long-Term Liabilities
  13.3 The Life Cycle of Bonds
  Final Assessment

  
  
• Corporation Accounting
  

  Corporation Accounting

  
  

  14.1 Securing Equity Financing through Stock
  14.2 Issuing and Repurchasing of Stock
  14.3 Cash Dividends, Property Dividends, Stock Dividends, and Stock Splits
  14.4 Owners' Equity and Retained Earnings
  14.5 Measuring Performance through Earnings Per Share
  Final Assessment

  
  
• Partnership Accounting
  

  Partnership Accounting

  
  

  15.1 Partnership Advantages and Disadvantages
  15.2 Creating a Partnership
  15.3 Allocating Partners' Share of Income and Loss
  15.4 Recording Partner Admissions and Withdrawals
  15.5 Partnership Dissolution
  Final Assessment

  
  
• Statement of Cash Flows
  

  Statement of Cash Flows

  
  

  16.1 The Purpose of the Statement of Cash Flows
  16.2 Operating, Investing, and Financing Activities
  16.3 Statement of Cash Flows Using the Indirect Method
  16.4 Completed Statement of Cash Flows Using the Indirect Method
  16.5 Preparing Ratios to Assess Liquidity and Solvency
  Final Assessment

  
  
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