coverQuick Notes Financial Accounting

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Updated 10/2/15  

 

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Two-Page Units Outlines 

Quick Practice
Sets

 Quick Questions

Solutions

Audio/Video Help from bigbeancounter  
and Susan Crosson  
Overview of Accounting Cycle

No  PS or QQ 

The Accounting Cycle        
1. The Accounting Equation

PS 1 

QQ 1

PS 

QQ 1

Accounting Basics (7)

2 Recording  Transactions

PS 2

QQ 2A
QQ 2B

PS 2

QQ 2A
QQ 2B 

Accounting Transactions

3 Cash Versus Accrual Accounting

No Practice Set or Quick Questions     

 
4 Adjustments, Worksheet,
    and Statements

PS 4

QQ 4

PS 4

QQ 4 Measuring Business Income

 These links to Internet may help those having difficulty with Unit 4.
1) Understanding Journal Entries helps develop problem solving techniques. 
2) Accrual Accounting, Adjusting Entries, Revenue Recognition ...
3) Adjusting Journal Entry Review Problem

 7 Accounting Systems

PS 7 

No Quick Questions

PS 7

   

 5 The Accounting Cycle

  PS 5  

QQ 5

PS 5  

QQ 5  

 

 6 Merchandising

PS 6  

QQ 6

PS 6 

QQ 6 

Merchandising

Accounting for Assets

No Practice Set or Quick Questions

Videos

8 Accounting for Cash    
Bank Reconciliation

PS 8A    
PS 8B

QQ 8A   
QQ 8B

PS 8A
PS 8B
QQ 8A 
QQ 8

Cash & Receivables

9 Accounts Receivable    
Promissory Notes

PS 9A    
PS 9B

QQ 9A   
QQ 9B

PS 9A
PS 9B

QQ 9A  
QQ 9B

10 Inventory Methods   
Errors, LC or Market, Estimating Inventory
PS 10A    
PS 10B

QQ 10A   
QQ 10B

PS 10A 
PS 10B

QQ 10A 
QQ 10B

Inventory

 

11 Plant and Equipment/Depreciation   
Extraordinary Repairs and Betterments

PS11A    
PS 11B

QQ 11A   
QQ 11B 
QQ 11C3

PS 11A 
PS 11B
QQ 11A 
QQ 11B
QQ 11C

Long Term Assets

12 Natural Resources and Intangibles

PS 12

None  PS 12

None

 
Financing Assets          
13 Current Liabilities/Trade Payables
Property Taxes, Payroll, Warranties

PS13A    
PS 13B

QQ 13A
 QQ 13B
PS 13A Solutions 
PS 13B Solutions

QQ 13A Solutions 
QQ 13B Solutions

Liabilities

14 Partnerships/New Partner, Income Division  
Bonus to Withdrawing Partner/Liquidation
PS 14A  
PS 14B
PS 14C
 QQ 14A   
QQ 14B
  PS 14A Solutions
     PS 14B Solutions    PS 14 C Solutions

  QQ 14A Solutions
    QQ 14BSolutions

 
21 Investment  and Financing Activities  
Statement of Cash Flow
  PS 21A   
PS 21B
QQ 21A   
QQ 21B
PS 21 A Solutions 
  PS 21B Solutions

  QQ 21 A Solutions  
QQ 21B Solutions

Cash Flow in Depth


15 Issuing Corporate Stocks and Dividends Stockholders' Equity, Book Value, Subscriptions
PS 15A 
PS 15B
QQ 15A   
QQ 15B
PS 15A
PS 15B

QQ 15A 
QQ 15B 

 

Contributed Capital

 

16 Stick Splits, Stock Dividends, Treasury Stocks, Prior Period Adjustments Retained Earnings Appropriation,Statement of Retained Earnings,Stockholders Equity, Earnings Per Share   PS16A     PS 16B QQ 16A 
QQ 16B 
 PS 16A   

 PS 16B 

QQ 16A     QQ 16B 

Corporate Income Statement
17 The Present & Future Value of Money    PS 17     PS 17   

Video Lectures on the Time Value of Money

Long-Term Liabilities  No Practice Set or Quick Questions  

18 Installment Notes Payable

 PS 18  QQ 18 A and B  PS

  QQ 17A 
QQ 17B

Liabilities

19 Bonds Payable, Discounts, Premiums, Sinking Funds 

PS 19 QQ 19   PS 19     QQ 19
Accounting Principles No Practice Set or Quick Questions

Accounting Rules

Analyzing Accounting Information

No Practice Set or Quick Questions

20 Cash Flow Classifications    
Operating Activities Cash Flow Analysis, Direct, Indirect

PS 20A   
PS 20 B

None

PS 20 A
PS 20B

None

Cash Flow Introduction

22 Financial Statement Analysis, Horizontal/Vertica Analysis  
Trend and Ratio Analysis

PS 22A  
PS 22B 
QQ 22A   
QQ 22B
PS 22A  
  PS 22B

 QQ 22A 
QQ 22B

Financial Analysis  

23 Investment In Corporate Securities Consolidated Financial Statements

PS 23 A   
PS 23 B
  QQ23A   
QQ 23 B
 PS 23A    PS23B  QQ 23A  
QQ 23B 

Appendix I  Short-Term Investments

Appendix II  Modified Accelerated Cost Recovery System