Intermediate Accounting I
Open to see guidance on how to use the materials for each subject
- Start by identifying and clicking on the subject you need to learn
- Review the Key Things to Know for the topic.
- Watch the Video Lectures for Step-by-Step instruction for procedures.
- Take the Self-Test to make sure you understand the terminology and formulas.
- Work the Practice as You Learn problems to reinforce the concepts you’ve reviewed.
- Now you’re ready to start to work your practice tests!
- Work the Self Test, then the Easy Test, followed by the Medium Test and
Hard Test (if it gets harder) as your understanding significantly increases.
- Work the Self Test, then the Easy Test, followed by the Medium Test and
- Take specific notes on what you are missing and what to watch out for so that you do not make the same mistake on your test.
- Make sure you write out the answers to the problems on paper (like you will do on your test).
Subjects Covered
IntroductionAccounting ConceptsThe Accounting CycleJournal EntriesAdjusting EntriesThe Accounting CycleBalance SheetUsing All Financial StatementsIncome StatementIncome Statement- Other ItemsRevenue RecognitionRevenue on Long-Term ContractsCashAccounts ReceivableInventoryInventory -Other IssuesLong Term Operating AssetsOperating Assets – Expense & DisposalInvestmentsCurrent LiabilitiesOwners’ EquityCash Flow Statement
Video Lectures
Overview of Financial Accounting
Transactions that Change the Balance Sheet
The Accrual Basis Income Statement
The Accrual Basis Balance Sheet
Cash Flow Statement and Statement of Equity
Record Journal Entries and Balance T Accounts
Cash and the Bank Reconciliation
Accounting for Bad Debt Expense
Inventory: Periodic FIFO/LIFO/Average
Inventory: Lower of Cost or Market
Investments: Cost & Fair Market Value Method
Investments: Fair Market Value Method
Investments: Equity Method Example
Cash Flow Statement: Direct & Indirect