Financial Accounting #2 – Intermediate Accounting Concepts Financial Accounting # 1 Link – Accounting equation, debits & credits, adjusting entries, closing process, & inventory transactions. https://youtu.be/slbij2ovIf8 Links to relevant parts of the presentation. Inventory Costs – FIFO LIFO Weighted Average 1:14 Inventory Tracking 6:52 Inventory Methods Explained and compared FIFO LIFO Ave 15:23 Inventory Costs 24:02 Consistency Concept 27:48 Lower of Cost or Market 31:52 Perpetual & Periodic Inventory Systems 42:06 First In First Out (FIFO) Periodic System 1:16:23 Last In First Out LIFO Periodic 1:50:33 Weighted Average Periodic System 2:19:40 First In First Out FIFO Explained 2:28:52 Last In First Out LIFO Inventory Method Explained 2:36:33 Average Inventory Method Explained Subsidiary & Special Journals 2:43:36 Special Journals Subsidiary Ledgers 2:59:38 Accounts Receivable AR Subsidiary Ledger Explained 3:08:38 Accounts Payable AP Subsidiary Ledger 3:16:30 Sales Journal Service Company 3:25:46 Sales Journal Merchandising Co. 3:36:25 Purchases Journal Service Company 3:40:26 Purchase Journal Merchandising Co. 3:52:40 Cash Receipts Journal 4:15:19 Cash Payments Journal Service Company 4:28:59 Cash Payments Journal Service Company Cash, Bank Reconciliations, & Cash Internal Controls 4:28:59 Internal Controls 4:47:57 Cash Internal Controls Overview 4:55:58 Cash Receipts Internal Controls 5:04:05 Cash Disbursements Internal Controls 5:15:12 Bank Reconciliation-Accounting%2C Financial 5:31:50 60 Petty Cash Accounts Receivable – Allowance Method & Direct Write-Off Method 5:51:55 Receivables Introduction 6:07:18 Accounts Receivable Journal Entries 6:17:23 Accounts Receivable AR Subsidiary Ledger Explained 6:26:23 Direct Write Off Method 6:46:20 Allowance Method Accounts Receivable-financial accounting-Accounting%2C Financial 7:16:57 Allowance Method VS Direct Write Off Method 7:37:34 Allowance Method % Accounts Receivable vs % Sales Method 7:56:34 Notes Receivable 8:21:00 Interest Calculations 8:41:18 90 Interest Calculations Depreciation Calculation & Fixed Assets 9:01:42 Property Plant & Equipment 9:12:56 Property Plant & Equipment Lump Sum Purchase 9:18:52 Calculating Depreciation Straight Line – how to calculate 9:50:07 Calculating Depreciation Double Declining Balance – how to calculate 10:28:35 Calculating Depreciation Units of Production – how to calculate 11:02:26 Change In Estimates 11:12:47 Disposals Fully Depreciated No Cash Received 11:20:20 Disposal Fully Depreciated & Cash Received u 11:27:58 Disposal – Not Fully Depreciated 11:36:24 Disposal Not Fully Depreciated & Cash Received 11:45:02 Partial Year Depreciation