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Course Content
Module I
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Topic 1: Introduction to Accounting
04:41
LO1: Describe the Purpose and Importance of Accounting
05:25
LO2: Identify the users, uses, and opportunities in Accounting
05:25
LO3: Explain why Ethics and Social Responsibility are crucial to Accounting
02:31
LO4: Summarize the GAAP and its fundamental Principles
07:49
LO5: Solve the quiz for Introduction to Accounting
15:00
Assignment: Introduction to Accounting
Case Study: Introduction to Accounting
15:00
Topic 2: Accounting in Business
04:03
LO1: Explain the reporting aims of Financial Statements
06:19
LO2: Analyze Business Transactions by applying the Accounting Equation
07:32
LO3: Describe how to prepare Financial Statements reflecting Business Transactions
02:28
LO4: Solve the quiz for Accounting in Business
15:00
Assignment: Accounting in Business
Case Study: Accounting in Business
15:00
Topic 3: Analyzing and Recording Transactions
04:38
LO1: Comprehend the Accounting Cycle and define the concepts of Account and Ledger in Financial Management
05:01
LO2: Define Debits, Credits, and Double-Entry Accounting
02:53
LO3: List and explain the steps in Recording Transactions in a Journal
14:34
LO4: Prepare and explain the use of a Trial Balance
03:39
LO5: Solve the quiz for Analyzing and Recording Transactions
15:00
Assignment: Analyzing and Recording Transactions
Case Study: Analyzing and Recording Transactions
15:00
Topic 4: Adjusting Accounts for Financial Statements
04:15
LO1: Explain the Purpose and Principles behind Adjusting Accounts
03:42
LO2: Discuss how to adjust entries for Prepaid expenses, Depreciation, Unearned revenues, Accrued expenses, and revenues
12:28
LO3: Describe the Alternatives in Recording Prepaids and Unearned Revenues
05:47
LO4: Solve the quiz for Adjusting Accounts for Financial Statements
15:00
Assignment: Adjusting Accounts for Financial Statements
Case Study: Adjusting Accounts for Financial Statements
15:00
Topic 5: Completing the Accounting Cycle and Classifying Accounts
04:46
LO1: Describe how to prepare Worksheet
04:02
LO2: Identify and explain the steps involved in the Closing Process at the end of each Accounting Period
03:47
LO3: Analyze the components of a classified Balance Sheet to assess Liquidity, Solvency, and Efficiency
05:20
LO4: Solve the quiz for Completing the Accounting Cycle and Classifying Accounts
15:00
Assignment: Completing the Accounting Cycle and Classifying Accounts
Case Study: Completing the Accounting Cycle and Classifying Accounts
15:00
Topic 6: Accounting for Merchandising Activities
04:38
LO1: Explain Merchandising and Financial Statements for a Merchandiser
02:36
LO2: Differentiate between Periodic and Perpetual Merchandise Inventory Systems
04:49
LO3: Analyze Adjustments required for accurate Financial reporting in a Merchandising Company
05:00
LO4: Solve the quiz for Accounting for Merchandising Activities
15:00
Assignment: Accounting for Merchandising Activities
Case Study: Accounting for Merchandising Activities
15:00
Topic 7: Merchandise Inventory and Cost of Sales
04:57
LO1: Identify components and costs included in the Merchandise Inventory
02:45
LO2: Analyze Inventory costing methods including specific identification, moving weighted average, and FIFO-perpetual
10:22
LO3: Evaluate the effects of the Costing methods on Financial Reporting
04:38
LO4: Solve the quiz for Merchandise Inventory and Cost of Sales
15:00
Assignment: Merchandise Inventory and Cost of Sales
Case Study: Merchandise Inventory and Cost of Sales
15:00
Topic 8: Internal Control and Cash
04:33
LO1: Explain the Principles of Internal Control, Cash, and Internal Control of Cash
04:37
LO2: Describe the purpose and procedures involved in Petty Cash Fund Transactions
02:14
LO3: Discuss Banking activities and their control features
02:45
LO4: Explain the process of Bank Reconciliation and its significance in ensuring the accuracy of Financial records
02:59
LO5: Solve the quiz for Internal Control and Cash
15:00
Assignment: Internal Control and Cash
Case Study: Internal Control and Cash
15:00
Topic 9: Receivables
04:13
LO1: Describe Accounts Receivable and how they are created
02:10
LO2: Comprehend the Allowance method of estimating Uncollectible Accounts receivable
08:22
LO3: Explain Short-term note receivable and its maturity date and interest
01:46
LO3: Solve the quiz for Receivables
15:00
Assignment: Receivables
Case Study: Receivables
15:00
Topic 10: Payroll Liabilities
02:49
LO1: Define Payroll Liabilities and its objective
05:54
LO2: Solve the quiz for Payroll Liabilities
15:00
Assignment: Payroll Liabilities
Case Study: Payroll Liabilities
15:00
Assignment
01:00:00
Final Exam
0/2
Final Exam: Introduction to Accounting
01:15:00
Course End Feedback
00:00
BA_ACCT 200: Introduction to Accounting
Join the conversation
Prabhnoor Singh 2 years ago
In my point of view accounting helps to manage the financials in any business for example if we write the expenses on one side and earning on second side we can easily know that how much we earn or loss in this business same in accounting we can secretly manage our accounts in secrete codes in the help of accounting with this we can make good decisions for our future projects it will be helpful to expand our business
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Diksha Neupane 2 years ago
The reporting aims of financial statements are to provide relevant, reliable, and understandable information about a company's financial performance and position. the reporting aims of financial statements are to provide stakeholders with relevant, reliable, and understandable information to facilitate decision-making, promote transparency and accountability, and assess the company's financial performance and position.
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Simran Simran 2 years ago
Preparing financial statements is all about summarizing the financial information of a business in a way that's easy to understand. The main financial statements are the income statement, balance sheet, statement of cash flows, and statement of retained earnings. These statements provide a snapshot of the business's financial performance, position, and cash flow.
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Armaanpreet Kaur 2 years ago
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