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Learn Introductory Accounting

The following chapter references are from Accounting Principles, Seventh Canadian Edition by Weygandt, et. al.  If you’re taking introductory accounting, I hope these references help you!

Chapter 1 – Introduction

 

Income Statement or Statement of Earnings (page 23)

www.youtube.com/watch?v=Rks1wuRUY74 (6 minutes)

 

Chapter 2 – Financial Statements

 

Classified Balance Sheet format (pages 54 – 63)

www.youtube.com/watch?v=EBnrkusBy8Q (13 minutes)

 

Chapter 3 – Accounting Information System

 

Transaction Analysis (pages 107 – 113)

www.youtube.com/watch?v=3fwPLy1jnDo (4 minutes)

www.youtube.com/watch?v=E_Kw_pFHY2w (5 minutes)

www.youtube.com/watch?v=GhDp9uEKuBk (48 minutes)

 

Debits and Credits (pages 114 – 118)

www.youtube.com/watch?v=CAVaV-96eBk (14 minutes)

www.youtube.com/watch?v=G4Ew3Ija9ZI (49 minutes)

www.youtube.com/watch?v=onq8AfjxjRo (3 minutes)

www.youtube.com/watch?v=3bdUPX7Lsr8 (7 minutes)

 

How to make a journal entry (pages 118 – 121)

www.youtube.com/watch?v=rWozzLa9naQ (15 minutes)

www.youtube.com/watch?v=g9efJduUVws (8 minutes)

 

How to post entries into the general ledger (pages 121 – 123)

www.youtube.com/watch?v=QkgF1-6aOwQ (14 minutes)

 

Creating a Trial Balance (pages 130 – 132)

https://www.youtube.com/watch?v=D2qPk6-erQk (6 minutes)

 

Chapter 4 – Accrual Accounting and Closing Entries

 

Adjusting entries (pages 164 – 181)

www.youtube.com/watch?v=jGzW-AI8jMc (13 minutes)

www.youtube.com/watch?v=eYBUHw70LrU (49 minutes)

 

Prepaid expenses (pages 169 – 175)

www.youtube.com/watch?v=sqJJ6c7zaX8 (12 minutes)

 

Depreciation expense (pages 171 – 172)

www.youtube.com/watch?v=-q6e9SXTKRM (10 minutes)

 

Interest expense (pages 178 – 179)

www.youtube.com/watch?v=UqDQZzX1nM8 (8 minutes)
Note: These are the same calculations we use in class, but we use months instead of days.

 

Accrued expenses (9 minutes)

www.youtube.com/watch?v=nqiNIlPG6jchttps://www.youtube.com/watch?v=nqiNIlPG6jc

 

Unearned revenues (pages 175 – 177)

www.youtube.com/watch?v=RDn_ryRK7-Q (6 minutes)

 

Closing entries (pages 188 – 190)

www.youtube.com/watch?v=fyMzLtkcSqg (13 minutes)

https://www.youtube.com/watch?v=4H_ImqWR5f4 (8 minutes)

 

Chapter 5 Inventory Accounting

 

Sales returns and allowances – perpetual method (pages 233 – 234)

www.youtube.com/watch?v=bZ4S1Rmk7pA (5 minutes)

 

Sales discounts (page 234 – 235)

www.youtube.com/watch?v=HV4ana221HU (4 minutes)

 

Perpetual journal entries (pages 227 – 236)

www.youtube.com/watch?v=pJS81kw5iWk (23 minutes)

 

Periodic journal entries (pages 244 – 251)

www.youtube.com/watch?v=wVHo8ASgn-c (20 minutes)

 

How to create a multistep income statement (pages 238 – 241)

www.youtube.com/watch?v=YBWrDtBuRkA (10 minutes)

 

Chapter 6 Inventory Valuation

 

Determining inventory quantities (pages 286 – 289)

www.youtube.com/watch?v=0E8T5jP-Yv4 (2 minutes)

 

Different inventory valuation methods (pages 289 – 298)

www.youtube.com/watch?v=aBrlZsPwDjE (13 minutes)

 

FIFO Valuation method example (pages 291 – 293)

www.youtube.com/watch?v=pJBwe03LmTU  (11 minutes)

 

Average or Moving average inventory valuation method (pages 293 – 296)

www.youtube.com/watch?v=CxsE-e5EAFs (11 minutes)

 

Inventory valuation methods comparisons, Lower of Cost and Net Realizable Value

https://www.youtube.com/watch?v=trKAVwxgV4I (48 minutes)

 

Accounting errors (pages 301 – 303)

https://www.youtube.com/watch?v=ou3UWB8B8AY (short overview, 2 minutes)

 

Lower of Cost and Net Realizable Value method (pages 301 – 303)

www.youtube.com/watch?v=C10Nd_2w5vk (6 minutes)

 

Chapter 7 Cash

 

Internal Control (pages 342 – 349)

www.youtube.com/watch?v=0NmlH1ZMbKs (18 minutes)

www.youtube.com/watch?v=go16NXs_J8c (50 minutes)

 

Bank reconciliation (pages 356 – 362)

www.youtube.com/watch?v=9LfnlMz2Aic (short overview, 8 minutes)

www.youtube.com/watch?v=-UhQ92wzk-w (more detailed, 21 minutes)

 

Cash and Cash Equivalents (pages 362 – 363)

https://www.youtube.com/watch?v=4Pxr_ZoZ050  (3 minutes)

 

Chapter 8 Receivables

 

Percentage of receivables method – bad debt expense (pages 398 – 404)

www.youtube.com/watch?v=QcQeM9rN1Lc (short overview)

www.youtube.com/watch?v=2a0xXhoT-zY (several ways of estimating bad debt expense, 50 minutes)

 

Aged list of accounts receivable method (page 399 – 401)

www.youtube.com/watch?v=1wq1rw46NTc (short overview, 8 minutes)

 

Notes receivable journal entries (pages 405 – 410)

www.youtube.com/watch?v=6Yks1XMyLxE (16 minutes)

 

Chapter 9 Property, Plant and Equipment

 

What depreciation is?

www.youtube.com/watch?v=fvj4iV3r49s (9 minutes)

 

Lump Sum purchase

https://www.youtube.com/watch?v=tzqtLXreuIU (6 minutes)

 

Straight-line depreciation method (pages 447 – 448)

www.youtube.com/watch?v=RHo_3kWaIJo (8 minutes)

 

Diminishing balance depreciation method (pages 448 – 449)

www.youtube.com/watch?v=ziayge17w6g (14 minutes)

 

Units of production depreciation method (pages 450)

https://www.youtube.com/watch?v=yg5CULLqtPg (5 minutes)

 

Change of accounting estimate (pages 455 – 455)

https://www.youtube.com/watch?v=P0Pvj3KAUQ0 (4 minutes)

 

Sale of equipment for a gain or a loss (pages 457 – 461)

https://www.youtube.com/watch?v=7t8NT5JNg88 (8 minutes)

 

Intangible assets (pages 461 – 466)

www.youtube.com/watch?v=ey1VAhAX5fg (3 minutes)

 

Chapter 10 Liabilities

 

Overview of current liabilities (pages 502 – 511)

https://www.youtube.com/watch?v=hjT6hRz96zc (5 minutes)

 

 

 

 

 

Learn Cost Accounting

Decision Making and Relevant Information

Linear Programming and Solver

Strategy and Balanced Scorecard

Period Cost Application

Joint Cost Analysis

Revenue and Customer Profitability Analysis

Process Costing

Spoilage, Rework, and Scrap

Inventory Management and Economic Order Quantity

Capital Budgeting

Transfer Pricing

Performance Management