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Financial Accounting Courses by AccountingStudy.com

IFRS, IAS, IASB, GAAP, International Financial Reporting Standards U.S. GAAP, FASB, AICPA, International Accounting Standards, Generally Accepted Accounting Principles in the United States

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Financial Accounting Courses by AccountingStudy.com | accountingstudy.com Reviews
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IFRS, IAS, IASB, GAAP, International Financial Reporting Standards U.S. GAAP, FASB, AICPA, International Accounting Standards, Generally Accepted Accounting Principles in the United States
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Financial Accounting Courses by AccountingStudy.com | accountingstudy.com Reviews

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IFRS, IAS, IASB, GAAP, International Financial Reporting Standards U.S. GAAP, FASB, AICPA, International Accounting Standards, Generally Accepted Accounting Principles in the United States

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1

Principles of Accounting Course for Accounting Students

http://www.accountingstudy.com/accounting-courses/financial-accounting/accounting-equation-01.htm

Principles of Accounting Course. Basic form of an equation. Left side = Right side. 1 Balance Sheet Version. Assets = Liabilities Equity. 2 Income Statement Version. Net Income = Revenue - Expenses. Assets = Liabilities Equity. Equity = Beginning Equity Net Income. Assets = Liabilities Beginning Equity Net Income. Net Income = Revenue - Expenses. Assets = Liabilities Beginning Equity Revenue - Expenses. An Example of Combined Version. At January 1, 2010, the balance of equity was $100,000. Equity = $7,000.

2

Financial Accounting Course Review for Accounting Students

http://www.accountingstudy.com/accounting-courses/financial-accounting/expense-accounts-01.htm

Examples and Practice Questions. US GAAP by Topic. Examples and Practice Questions. 1 Expense is the use of resources to generate revenue. 2 Expense is recognized when related revenue is recognized. This is called "matching principle". 1 Expense accounts have normal balances on the debit side. 2 Increases in expense accounts are recorded on the debit side. 3 Decrease in expense accounts are recorded on the credit side. Examples of expense accounts. Cost of goods sold. Other expenses and losses. Topic 205...

3

Financial Accounting Course Review for Accounting Students

http://www.accountingstudy.com/accounting-courses/financial-accounting/financial-accounting-index.htm

Review and Practice Materials. Financial Accounting Course Review. Accounting Journal Entry Examples. Petty Cash Journal Entries. Accounting Equation - Review and Examples. Double Entry Recording of Accounting Transactions. Examples of Financial Statements. Statement of Cash Flows. Statement of Shareholder Equity. Annual Reports and Quarterly Reports. Present Value, Future Value. Generally Accepted Accounting Principles (GAAP). Users of Accounting Information. 2012 Edition for iPhone and iPad. Topic 340:...

4

Financial Accounting Course Review for Accounting Students

http://www.accountingstudy.com/accounting-courses/financial-accounting/liability-accounts-01.htm

Examples and Practice Questions. US GAAP by Topic. 1 Liabilities are present obligations to transfer resources in the future. 2 Such obligations are due to past transactions or events. 3 Past, present and future. 1) due to past transactions or events. 3) future transfer of resources. 1 Liability accounts have normal balances on the credit side. 2 Increases in liability accounts are recorded on the credit side. 3 Decreases in liability accounts are recorded on the debit side. 4) Income taxes payable.

5

Principles of Accounting Course Review for Accounting Students

http://www.accountingstudy.com/accounting-courses/principles-of-accounting/principles-of-accounting-index.htm

Principles of Accounting Course. Principles of Accounting Course. Review and Practice Materials. Principles of Accounting Course: Key Topics. Accounting Journal Entry Examples. Petty Cash Journal Entries. Accounting Equation - Review and Examples. Double Entry Recording of Accounting Transactions. Examples of Financial Statements. Statement of Cash Flows. Statement of Shareholder Equity. Annual Reports and Quarterly Reports. Present Value, Future Value. Generally Accepted Accounting Principles (GAAP).

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Financial Accounting Courses by AccountingStudy.com

Review and Practice Materials. Financial Accounting Course Review. Accounting Journal Entry Examples. Accounting Equation - Review and Examples. Double Entry Recording of Accounting Transactions. Examples of Financial Statements. Intermediate Accounting Course Review. Generally Accepted Accounting Principles, GAAP. Notes Receivable, Imputation of Interest. Inventory Valuation Methods: FIFO, LIFO. Inventory Valuation: Lower of Cost or Market. Investments in Debt and Equity Securities. From iPhone and iPad.

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Accounting Study Guide | AccountingStudyGuide.com

Study accounting online for free. Financial statements are general purpose, external financial statements prepared according to generally accepted accounting principles. Some terms that apply to the financial statements include:. Reports the amounts of assets, liabilities, and stockholders' equity at a specified moment, such as midnight of December 31; also known as the statement of financial position. Statement of cash flows. Statement of stockholders' equity. Resources, things owned, and prepaid or def...

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