Course Highlights
  • Grasp the basics of financial accounting and understand its objectives and significance in business.
  • Demonstrate proficiency in using the double-entry accounting system and interpreting the accounting equation.
  • Record business transactions using debits and credits, including period-end adjusting entries.
  • Understand and apply the rules for closing entries at the end of an accounting period.
  • Handle transactions related to the purchase and sale of inventory, including applying inventory cost flow assumptions such as FIFO, LIFO, and weighted average m
  • Master the use of subsidiary ledgers and special journals, specifically for accounts receivable and accounts payable
  • Conduct bank reconciliations and apply best practices for cash internal controls.
  • Accurately estimate and record allowance for doubtful accounts using both allowance method and direct write-off methods.
  • Understand, calculate, and record depreciation for property, plant, and equipment using various methods, including straight-line, double-declining balance, and
  • Handle transactions related to the purchase and sale of property, plant, and equipment.
  • Understand and execute the payroll accounting process, including the calculation of payroll taxes and recording complex payroll journal entries.
  • Grasp the unique accounting considerations and transactions for partnerships, including income allocation, admission and withdrawal of a partner, and partnershi
  • Handle transactions unique to a corporate form of entity, including issuance and repurchase of shares, and dividend distributions.
  • Understand the concept of bonds payable and notes payable, including their issuance, discount/premium amortization, and interest payment.
  • Prepare a comprehensive statement of cash flows using both direct and indirect methods, and understand its importance in financial analysis.
  • Use Excel to perform various accounting tasks, including creation of amortization schedules and financial statement preparation.
  • Understand how to update and adjust accounting records to reflect changes in the business environment.
  • Grasp the importance of theory in making appropriate accounting adjustments and decisions.
  • Learn how to compare and contrast different accounting procedures and choose the most suitable for a given business scenario.
  • Understand and apply the time-value of money concept in the context of bond and note transactions.
  • Determine current and long-term portions of notes payable using amortization schedules.
  • Learn how to adapt accounting procedures and policies to ever-changing business and regulatory environments.
Curriculum

2 Topics
Table Of Contents
Download E-book Available Formats - (EPUB MOBI PDF) - Works on tablet & Kindle

1 Topic
Section One Financial Transactions

3 Topics
1 Why Learn Accounting
100 Why Learn Accounting
Notes - What is Accounting and Why Learn Accounting

7 Topics
2 Accounting Objectives Accounting Equation & Ethics
102 Accounting Objectives U
Notes - Categories of Accounting – Financial Accounting & Managerial Accounting
115 Accounting Equation
Notes - Accounting Objectives
150 Ethic & Profession
Notes - Ethics in Accounting

6 Topics
3 Financial Statements
120 Balance Sheet
130 Income Statement
131 Statement of Owner's Equity
132 Balance Sheet & Income Statement Relationship
Notes - Financial Statements

4 Topics
4 Accrual Method vs Cash Method
134 Revenue Recognition Principle
135 Cash Method vs Accrual Method
Notes - 8 Accrual Basis and Cash Basis

5 Topics
5 Financial Transaction Rules & Thought Process
155 Financial Transaction Rules
Notes - Accounting Equation and Account Types
160 Financial Transaction Thought Process
Notes - Transaction Rules & Thought Process Using the Accounting Equation

5 Topics
6 Recording Transactions Using Accounting Equation
165 Cash Transaction - Accounting Equation
Notes - Transactions & The Accounting Equation
170 Accounts Receivable Transactions Accounting Equation
170 Accounts Payable Transactions Accounting Equation

1 Topic
Glossary Click here for videos

6 Topics
7 Debits & Credits Defined
205 Debits & Credits
Notes - What are Debits and Credits
210 Rules for Using Debits & Credits
Notes - Account Types Normal Balances
Note - Define Account Types and List Accounts by Account Type

7 Topics
9 Debit & Credit Rules & Thought Process
215 Journal Entry Thought Process
Note - One Rule for Increasing and Decreasing an Account Balances
220 Trial Balance
Notes - The Rule Applied to Cash and Asset Accounts
Notes - The Rule Applied to Accounts Payable and Liability Accounts
Notes - The Rule Applied to Equity Accounts

6 Topics
10 Record Cash Transactions Using Debits & Credits
225 Cash Journal Entries with Cash
Notes - Transaction Rules Using Debits and Credits
Notes - Transaction Though Process
Worksheet - Prob 4 Debits and Credits Cash
Notes - Recording Transaction where Cash is Affected

4 Topics
12 Record Accounts Payable Transactions Using Debits & Credits
230 Accounts Receivable Journal Entries
Notes - Recording Transaction for the Accounts Receivable or Revenue Cycle
Worksheet - Prob 5 Debits and Credits Accounts Receivable

3 Topics
240 Accounts Payable Journal Entries
Notes - Recording Transaction for the Accounts Payable Cycle
Worksheet - Prob 6 Debits and Credits Accounts Payable

8 Topics
13 Record Transactions to General Ledger
245 General Ledger
Notes - General Ledger & Trial Balance
Worksheet - General Ledger Cash
Worksheet - Prob 8 General Ledger Accounts Receivable
Worksheet - Prob 8 General Ledger Accounts Payable
Short Calculation Questions - Debits and Credits
Multiple Choice Questions - Debits and Credits

3 Topics
Excel Download
Comprehensive Problem Part 1
Comprehensive Problem Part 2

1 Topic
Section Two Adjusting Entries & Financial Statements

5 Topics
2 Accounting Cycle Types of Adjusting Entries Cash vs Accrual Overview
1 Accounting Cycle Steps in the Accounting Process
2 Types of Adjusting Journal Entries Adjusting Journal Entry
Notes - What Adjusting Journal Entries Are?
Notes - Why Adjusting Entries Are Needed

7 Topics
3 Adjusting Entry Rules and Thought Process
3 Adjusting Journal Entry Rules - What are Adjusting Journal E
Notes - Adjusting Entry Rules
3.5 Why Use a Worksheet in Adjusting Process
Notes - Adjusting Entry Worksheet
4 Adjusting Journal Entry Thought Process How to Record Adju
Notes - Adjusting Entry Thought Process

9 Topics
4 Supplies Unearned Revenue and Wages Adjusting Entries
5 Adjusting Entry Supplies
Notes - Adjusting Entry For supplies
6 Adjusting entry unearned revenue
Notes - Unearned or Deferred Revenue
7 Adjusting Entry Wages Payable
Worksheet - 1.1 Adjusting entries Supplies%2C Unearned revenue%2C and Payroll Pa
Worksheet - 1.2 Adjusting entries Supplies%2C Unearned Revenue%2C and Payroll Pa
Notes - Accrued Expenses

9 Topics
5 Accounts Receivable Insurance and Depreciation Adjusting Entries
8 Adjusting Entry Accounts Receivable
Note - Accrued Revenue
9 Adjusting Entry Insurance
Notes - Prepaid Expenses
10 Adjusting Entry Depreciation
Notes - Depreciation expense for the period is calculated to be $1100.
Worksheet - 2.1 Adjusting entries Prepaid Insurance and Depreciation Part 1-Acco
Worksheet - 2.2 Adjusting entries Prepaid Insurance and Depreciation Part 2-Acco

7 Topics
6 Reversing Entries
11 Reversing Journal Entries - Accrued Revenue
Worksheet - 10.350 Accounts Receivable Reversing Entry
Notes - Reversing Entries
11.5 Reversing Entry Wages Payable
Worksheet - 10.550 Unearned Revenue Reversing Entry
Notes - Wages Payable Reversing Entry Example

11 Topics
8 Create the Balance Sheet
12 Balance Sheet Current Assets from Trial Balance
Notes - Analysis of The Financial Statement Relationships
Notes - Current Asset Portion of the Balance Sheet
13 Balance Sheet Property Plant %26 Equipment From Trial Balance
Notes - Property Plant & Equipment Portion of the Balance Sheet
14 Balance Sheet Liability Section Creation From Trial Balance
Notes - Liability Portion of the Balance Sheet
15 Balance Sheet Equity Section Creation from Trial Balance
Notes - Equity Portion of the Balance Sheet
Multiple Choice - Adjusting Process

5 Topics
9 Create the Income Statement
16 Income Statement from Trial Balance
Notes - Income Statement Created Form Adjusted Trial Balance
Multiple Choice - Adjusting Process
Short Calculation - Adjusting Process

6 Topics
10 Create the Statement of Owner’s Equity from the Trial Balance
17 Statement of Equity From Trial Balance
Notes - Statement of Owner’s Equity Created Form Adjusted Trial Balance
Worksheet - Financial Statements from Trial Balance
Multiple Choice - Adjusting Process
Short Calculation - Adjusting Process

6 Topics
18 Financial Statement Relationships
Notes - Financial Statement Relationship Review
Notes - Balance Sheet Constructed from the Adjusted Trial Balance
Notes - Glossary (John J. Wild 2015) Click here for
Multiple Choice - Adjusting Process
Short Calculation - Adjusting Process

9 Topics
Excel Download
1 Accounting%2C Financial - Comp Prob Service Co 1 Part 1
2 Accounting%2C Financial - Comp Prob Service Co 1 Part 2
3 Accounting%2C Financial - Comp Prob Service Co 1 Part 3
4 Accounting%2C Financial - Comp Prob Service Co 1 Part 4
5 Accounting%2C Financial - Comp Prob Service Co 1 Adjusting Entries part 5
6 Comp Prob Service Co 1 Adjusting Entries part 6
7 Accounting%2C Financial - Comp Prob Service Co 1 Financial Statements part 7
8 Accounting%2C Financial - Comp Prob Service Co 1 Financial Statements part 8

1 Topic
Section Three Closing Process

3 Topics
1 Review Accounting Cycle & Building Blocks
5 300 Accounting Cycle Steps in the Accounting Process (1)
10 100.90 Accounting Building Blocks

7 Topics
3 Closing Process Overview
20 400 Closing Process Explained
Notes - What the Closing Process Is
Notes - Goals of the Closing Process
23 Post Closing Trial Balance
Notes - Comparison of the Post Closing Trial Balance to The Financial Stat
Notes - Reasons for Demonstrating Three Formats for the Closing Process

4 Topics
4 Closing Process – One Step
25 One Step Closing Process
Notes - One Step Closing Process
Multiple Choice - Closing Process

4 Topics
5 Closing Process – Two Steps
28 Two Step Closing Process
Notes - Two Step Closing Process
Multiple Choice - Closing Process

8 Topics
6 Closing Process – Four Steps
30 400 Closing Process Step 1 of 4 - Journal Entry 1 of 4
40 400 Closing Step 2 of 4 - Journal Entry 2 of 4
50 400 Closing Entries Journal Entry 3 of 4 Step 3 Income summary
60 400 Closing Process Step 4 of 4 Closing Journal Entry Draws or Withdraws
Notes - Four Step Closing Process
Short Calculation - Closing Process
Multiple Choice - Closing Process

5 Topics
7 Post-Closing Trial Balance
70 Post Closing Trial Balance & financial statements
Notes - Post-Closing Trial Balance
Multiple Choice - Closing Process
Short Calculation - Closing Process

1 Topic
Glossary Click here for videos

11 Topics
Excel Download
1 Accounting%2C Financial - Comp Prob Service Co 1 Part 1
2 Accounting%2C Financial - Comp Prob Service Co 1 Part 2
3 Accounting%2C Financial - Comp Prob Service Co 1 Part 3
4 Accounting%2C Financial - Comp Prob Service Co 1 Part 4
5 Accounting%2C Financial - Comp Prob Service Co 1 Adjusting Entries part 5
6 Comp Prob Service Co 1 Adjusting Entries part 6
7 Accounting%2C Financial - Comp Prob Service Co 1 Financial Statements part 7
8 Accounting%2C Financial - Comp Prob Service Co 1 Financial Statements part 8
9 Accounting%2C Financial - Comp Prob Service Co 1 Closing Process Part 9
10 Comp Prob Service Co 1 Closing Process part 10

1 Topic
Overview

1 Topic
1 Accounting Cycle Merchandising Company

4 Topics
3 Merchandising Transactions Overview
20 500 - Merchandising Transaction Explained Purchaser and Se
30 500 Merchandising Transaction Journal Entry Purchaser
40 500 Merchandising Transaction Sales Journal Entry - COGS Jou

6 Topics
4 Perpetual and Periodic Inventory Systems Overview
5 Perpetual Inventory System
10 Worksheet - Perpetual Inventory System
10 Periodic Inventory System
20 Worksheet Periodic System
15 Perpetual vs. Periodic Inventory System

5 Topics
5 Sales Discount %26 Purchase Discount Overview
50 500 Sales Discount VS. Purchase Discount
60 500 Purchase Discount Journal Entry Explained
70 500 Sales Discount Explained Journal Entry Record Discou
30 Worksheet Purchase Discount & Sales Discount

6 Topics
6 Inventory Shrinkage %26 Sales Returns
90 Inventory Shrinkage
40 Inventory Shrinkage
100 Sales Return & Allowance Transaction
50 Worksheet - Sales Return
10 Multiple Choice Questions Merchandising Company

3 Topics
7 Financial Statements - Merchandising Company
110 500.20 Merchandising Financial Statements-Accounting instructions
20 Multiple Choice Questions Merchandising Company

6 Topics
Excel Worksheet Download
60 500.10 Merchandising Ex Part 1-Accounting%2C Financial (2)
70 500.20 Merchandising Ex Part 2-Accounting%2C Financial (1)
80 500.30 Merchandising Ex Part 3-Accounting%2C Financial (1)
90 500.40 Merchandising Ex Part 4-Accounting%2C Financial (1)
10 Multiple Choice Questions Merchandising Company

1 Topic
Section 5 Overview

3 Topics
2 Inventory Tracking & Inventory Methods
10 600 Inventory Tracking Explained - Introduction-Specific Ide
15 600 Inventory Methods Explained and compared FIFO LIFO Ave

5 Topics
3 Inventory Cost Principles and Perpetual vs Periodic Methods
17 Inventory Costs
20 Consistency Concept
30 Lower of Cost or Market
40 Perpetual & Periodic Inventory Systems

4 Topics
4 Periodic System First In First Out (FIFO)
42 First In First Out (FIFO) Periodic System
10 Worksheet FIFO Periodic System
Multiple Choice 1 - Inventory Cost

4 Topics
5 Periodic System Last In First Out (LIFO)
44 Last In First Out LIFO Periodic
20 Worksheet Last In First Out (LIFO) Periodic System
Multiple Choice 2 - Inventory Cost

4 Topics
6 Periodic Weighted Average Method
46 Weighted Average Periodic System
30 Worksheet Weighted Average Periodic System
Multiple Choice 3 - Inventory Cost

5 Topics
7 Perpetual System First In First Out (FIFO)
50 600 First In First Out FIFO Explained
40 600.10 Inventory Cost Problem First In First Out part 1 Ex.%2C how to calcula
50 600.20 Inventory Cost Problem First In First Out part 2 Ex.%2C how to calcula
Multiple Choice 4 - Inventory Cost

5 Topics
8 Perpetual System Last In First Out LIFO
60 600 Last In First Out LIFO Inventory Method Explained
60 600.50 Cost Problem Last In First Out LIFO part 1 Ex.%2C how to calculate-Acc
70 600.60 Cost Problem Last In First Out LIFO part 2 Ex.%2C how to calculate-Acc
Multiple Choice 5 Inventory Cost

5 Topics
9 Perpetual System Weighted Average Method
70 600 Average Inventory Method Explained
Worksheet - 80 600.30 Inventory Cost Problem Average method Part 1
Worksheet - 90 600.40 Inventory Cost Problem Average method Part 2
Multiple Choice 6 Inventory Cost

3 Topics
Overview Subsidiary Ledgers & Special Journals
2 Special Journals Subsidiary Ledgers
Multiple Choice Question 1 - Special Journals

4 Topics
5 Accounts Receivable AR Subsidiary Ledger Explained
Worksheet - 10 700.10 Accounts Receivable Subsidiary Ledger 700 Part 1
Worksheet - 20 700.20 Accounts Receivable Subsidiary Ledger 700 Part 2
Multiple Choice Question 2 - Special Journals

4 Topics
6 Accounts Payable AP Subsidiary Ledger
Worksheet - 30 700.30 Accounts payable subsidiary ledger 700 part 1
Worksheet - 40 700.10 Accounts payable subsidiary ledger 700 part 2
Multiple Choice Question 3 - Special Journals

7 Topics
Sales Journal
10 Sales Journal Service Company
50 Worksheet - Sales Journal
20 Sales Journal Merchandising Co.
Excel Worksheet Download
50 Worksheet - Sales Journal
Multiple Choice Question 4 - Special Journals

5 Topics
Purchases Journal Overview
30 Purchases Journal Service Company
33 Purchase Journal Merchandising Co.
80 Worksheet - Purchases Journal Inventory
Multiple Choice Question 5 - Special Journals

4 Topics
Cash Receipts Journal Overview
40 Cash Receipts Journal
90 Worksheet - Cash Receipts Journal
Multiple Choice Question 6 - Special Journals

4 Topics
Cash Payments Journal Overview
50 Cash Payments Journal Service Company
100 Worksheet Cash Payment Journal
Multiple Choice Question 7 - Special Journals

10 Topics
Comprehensive Problem Overview
Excel Worksheet Download
Comprehensive Problem Special Journals Part 1
Comprehensive Problem Special Journals Part 2
Comprehensive Problem Special Journals Part 3
Comprehensive Problem Special Journals Part 4
Comprehensive Problem Special Journals Part 5 Adjusting Entries
Comprehensive Problem Special Journals Part 6 Financial Statements
Comprehensive Problem Special Journals Part 7 Closing Process
Multiple Choice Question 8 - Special Journals

1 Topic
Bank Reconciliations & Cash Internal Controls

4 Topics
Internal Controls Overview and Cash Internal Controls Introduction
10 Internal Controls
20 Cash Internal Controls Overview
Multiple Choice Questions 3 - Cash and Internal Controls

3 Topics
3 Cash Receipts Internal Controls
30 Cash Receipts Internal Controls
Multiple Choice Questions 4 - Cash and Internal Controls

3 Topics
4 Cash Disbursements Internal Controls
40 Cash Disbursements Internal Controls
Multiple Choice Questions 5 - Cash and Internal Controls

9 Topics
5 Bank Reconciliations
50 Bank Reconciliation-Accounting%2C Financial
Worksheet - 9.10 Bank Reconciliation January
Worksheet - 9.12 Bank Reconciliation Adjusting Entries January
Worksheet - 9.15 Bank Reconciliation February
Worksheet - 9.20 Bank Reconciliation Feb. Adjusting Entries
Multiple Choice Questions 6 - Cash and Internal Controls
Multiple Choice Questions 1 - Cash and Internal Controls
Discussion Question 7 Cash & Internal Controls

6 Topics
6 Petty Cash
60 Petty Cash
800.10 Petty Cash Journal Entries Part 1-Accounting%2C Financial
800.20 Petty Cash Journal Entries Part 2-Accounting%2C Financial
Multiple Choice Questions 7 - Cash and Internal Controls
Multiple Choice Questions 2 - Cash and Internal Controls

2 Topics
Receivables & The Allowance vs The Direct Write Off Methods
10 Receivables Introduction

5 Topics
2 Accounts Receivable Journal Entries
20 Accounts Receivable Journal Entries
05 Prob 5 Debits and Credits Accounts Receivable
Worksheet - 07 Prob 8 General Ledger Accounts Receivable
10 Multiple Choice Questions - Accounts Receivable

5 Topics
3 Accounts Receivable Subsidiary Ledger
30 Accounts Receivable AR Subsidiary Ledger Explained
Worksheet - 10 700.10 Accounts Receivable Subsidiary Ledger 700 Part 1
Worksheet - 20 700.20 Accounts Receivable Subsidiary Ledger 700 Part 2
20 Multiple Choice Questions - Accounts Receivable

4 Topics
4 Direct Write Off Method
40 Direct Write Off Method
Worksheet - 20 Worksheet Direct Write Off Method
30 Multiple Choice Questions - Accounts Receivable

6 Topics
5 Allowance Method
50 Allowance Method Accounts Receivable
Worksheet - 30 900.10 Allowance Method 900 Part 1
Worksheet - 32 900.20 Allowance Method 900 Part 2-Accounting%2C Financial
Worksheet - 34 900.30 Allowance Method 900 Part 3-Accounting%2C Financial
40 Multiple Choice Questions - Accounts Receivable

3 Topics
6 Allowance Method Compared to The Direct Write Off Method
60 Allowance Method VS Direct Write Off Method
50 Multiple Choice Questions - Accounts Receivable

6 Topics
7 Allowance for Doubtful Accounts Calculation
70 Allowance Method % Accounts Receivable vs % Sales Method
Worksheet - 40 % of AR Method - Allowance for Doubtful Accounts
Worksheet - 50 % of Sales Method - Allowance for Doubtful Accounts
60 Multiple Choice Questions - Accounts Receivable
900.10 Test questionsAccounts Receivable%2C Allowance %26 Direct

10 Topics
8 Notes Receivable
80 Notes Receivable
90 Interest Calculations
Worksheet - 60 Worksheet - Simple Interest
PDF - 100 Note Receivable Example
100 Note Receivable Example
Worksheet - 70 Worksheet 1 - Notes Receivable
Worksheet - 80 Worksheet 2 - Notes Receivable
70 Multiple Choice Questions - Accounts Receivable
900.20 Test questions Part 2 Accounts Receivable%2C Allowance %26 Direct Write O

2 Topics
Depreciation Calculation & Fixed Assets
10 Property Plant & Equipment

3 Topics
2 Lump Sum Purchase
20 Property Plant & Equipment Lump Sum Purchase
20 Worksheet - Lump Sum Purchase

5 Topics
3 Straight Line Method of Depreciation
30 1000.10 Calculating Depreciation Straight Line
Worksheet - 30 1000.10 Depreciation Straight Line Ex Part 1
Worksheet - 30.1 1000.20 Depreciation Straight Line Ex Part 2
10 Multiple Choice Question - Property Plant & Equipment

6 Topics
4 Double Declining Balance Method of Depreciation
40 Calculating Depreciation Double Declining Balance
Worksheet - 40 Depreciation Ex double declining Part 1
Worksheet - 40.1 Depreciation Ex double declining part 2
Worksheet - 40.2 Depreciation Ex double declining part 3
20 Multiple Choice Question - Property Plant & Equipment

5 Topics
5 Units of Production Depreciation Method
50 Calculating Depreciation Units of Production
Worksheet - 50 1000.60 Depreciation units of production Part 1
Worksheet - 50.1 1000.70 Depreciation Ex units of production Part 2
30 Multiple Choice Question - Property Plant & Equipment

4 Topics
6 Calculating Depreciation for a Partial Period
Partial Year Depreciation
Worksheet - 55 Partial Year Depreciation
40 Multiple Choice Question - Property Plant & Equipment

4 Topics
7 Capital Expenditures and Revenue Expenditures
Capital and Revenue Expenditures
50 Multiple Choice Question - Property Plant & Equipment
Short Calculation 1

5 Topics
8 Changes in Accounting Estimates
60 Change In Estimates
Worksheet - 60 Depreciation Change of Estimate
60 Multiple Choice Question - Property Plant & Equipment
Short Calculation 2

11 Topics
9 Disposals of Property Plant and Equipment
70 Disposals Fully Depreciated No Cash Received
70.1 Worksheet – Disposals Fully Depreciated No Cash
80 Disposal Fully Depreciated & Cash Received u
80 Worksheet – Disposals Fully Depreciated Cash Received
90 Disposal - Not Fully Depreciated
90 Worksheet – Disposals Not Fully Depreciated No Cash
100 Disposal Not Fully Depreciated & Cash Received
100 Worksheet – Disposals Not Fully Depreciated Cash Received
70 Multiple Choice Question - Property Plant & Equipment
Short Calculation 3

1 Topic
10 Payroll Introduction

4 Topics
2 Payroll Legislation
20 Payroll Legislation
310 Minimum Wage & Nonexempt Employees
410 Fringe Benefits

4 Topics
3 Payroll Forms and Time-Frames
21 Payroll Consideration and Tax Forms
80 Payroll Tax Expense Journal Entry
90 Pay Payroll Tax Expense Journal Entry

3 Topics
4 Payroll Register & Earnings Record
330 Payroll Register
Worksheet - 25 Earnings Record

5 Topics
5 Regular Pay & Overtime Pay Calculation
10 Regular & Overtime Pay Calculation
Worksheet - 10 Regular & Overtime Pay
315 Payroll Calculations
320 Overtime Calculation

8 Topics
6 Federal Income Tax & Retirement Plans
510 Federal Income Tax (FIT)
Worksheet - 20 Federal Income Tax Withholding FIT
415 Deductions From Gross Pay
420 Retirement Plans
20 Federal Income Tax FIT
25 Federal Income Tax FIT - Percent Method
Worksheet - 25 Federal Income Tax - Percentage Method

5 Topics
7 Federal Income Contributions Act Social Security
30 Federal Income Contributions Act (FICA)
515 Social Security
30 Social Security Tax Calculation
Worksheet - 30 OASDI

4 Topics
8 Federal Income Contribution Act (FICA) -Medicare
520 Medicare Tax
40 Medicare Tax Calculation
Worksheet - 40 Worksheet HI

6 Topics
9 Federal Unemployment Tax Act (FUTA)
40 FUTA SUTA Workers Compensation
615 Federal & State Unemployment Tax
50 Federal Unemployment Tax Act Calculation
Excel Worksheet Download
Worksheet - 50 Worksheet FUTA

3 Topics
10 Other Deductions
425 Post Tax Deductions
525 Other Deductions & Payment Methods

2 Topics
11 Taxes Employer & Employee
605 Taxes Employer Employee

5 Topics
12 Employer Responsibilities
60 Employer Responsibilities and Processes
55 Employer Taxes Calculation
610 FICA Employer
Worksheet - 55 Employer Taxes

4 Topics
13 Payroll Expense Journal Entry
505 Net Pay Calculation
70 Payroll Expense Journal Entry
Worksheet - 70 Payroll Expense Journal Entry

3 Topics
14 Payroll Taxes Journal Entry
80 Payroll Tax Expense Journal Entry
Worksheet - 80 Worksheet Payroll Tax Expenses Journal Entry

3 Topics
15 Paying Payroll Tax Liability Journal Entry
90 Pay Payroll Tax Expense Journal Entry
Worksheet - 90 Pay Payroll Expenses Journal Entry

1 Topic
50 Payroll Ethics & Practices

3 Topics
17 Payroll Controls & Documentation
100 Payroll Controls and Documentation
10 Multiple Choice – Payroll

3 Topics
620 Form 941
100 Form 941
20 Multiple Choice – Payroll

4 Topics
19 Form 940
110 Form 940
625 Form 940
30 Multiple Choice – Payroll

4 Topics
19 Form 940
120 Form W-3 & W-2
920 Form W-3
40 Multiple Choice – Payroll

3 Topics
21 Comprehensive Accounting Cycle Problem
130 Reconciling Year End Payroll Forms
50 Multiple Choice – Payroll

21 Topics
Excel Worksheet Download
10 Payroll Comp Problem Introduction (Copy)
20 Payroll Comp Problem August Payroll Register
30 Payroll Comp Problem August Earning Records
40 Payroll Comp Problem August Journal Entry
45 Payroll Comp Problem September Payroll Register
50 Payroll Comp Problem September Earning Records
60 Payroll Comp Problem September Journal Entry
70 Payroll Comp Problem Form 941 3rd Qt
80 Payroll Comp Problem October Payroll Register
90 Payroll Comp Problem October Earning Records
100 Payroll Comp Problem October Journal Entry
110 Payroll Comp Problem November Payroll Register
120 Payroll Comp Problem November Earning Records
130 Payroll Comp Problem November Journal Entry
140 Payroll Comp Problem Dec. Payroll Register & Earning Records
150 Payroll Comp Problem Dec. Journal Entry
160 Payroll Comp Problem Form 941 4rd Qt
170 Payroll Comp Problem Form 940
180 W-2 & W-3 Comp Problem Form 940
190 Comp Problem Reconcile Payroll Tax Forms 941s 940 & W-3

1 Topic
10 Partnerships Introduction

3 Topics
2 Set up New Partnership
12 Partnership Set Up New Partnership
Worksheet - 12 New Partnership

6 Topics
3 Partnership Income Allocation
20 Partnership Income Allocation
Worksheet - 20 Part 1 Partnership Income Allocation
Worksheet - 20 Part 2 Partnership Income Allocation.
Worksheet - 21 Partnership Income Allocation With Overallocation
20 - Multiple Choice – Partnership

4 Topics
4 Partnership Draws
22 Partnership Withdraws
Worksheet - 22 Partnership Withdraws
30 - Multiple Choice – Partnership

4 Topics
5 Partnership Closing Process
23 Partnership Closing Process
Worksheet - 23 Partnership Closing Process
40 - Multiple Choice – Partnership

8 Topics
6 Partner Leaves Partnership
25 Partnership Partner Leaves Partnership Cash Equal to Capital Account
26 Partnership Partner Leaves Partnership Cash less then Capital Account
28 Partner Leaves Partnership Cash Greater then Capital Account
Excel Worksheet Download
Worksheet - 29 Part 1 Selling Partnership Interest Leaving Partnership
Worksheet - 29 Part 2 Selling Partnership Interest Leaving Partnership
50 - Multiple Choice – Partnership

9 Topics
7 New Partner Added to Partnership
29 Add New Partnership - Cash More Then Capital Account
29.1 Add New Partner - Cash Less Then Capital Account
29.2 partner sells partnership interest to a new Partner
29.3 Partner sells partnership interest - Cash Received Less Then Capital
Worksheet - 29.1 Part 1 Add Partner to Partnership
Worksheet - 29.1 Part 2 Add Partner to Partnership
60 - Multiple Choice – Partnership
Short Calculation 1

14 Topics
8 Liquidation of Partnership
30 Partnership Liquidation Gain on sale of Assets
Worksheet - 30 Part 1 Partnership Liquidation Gain on Sale of Assets
Worksheet - 30 Part 2 Partnership Liquidation Gain on Sale of Assets
40 Partnerships Liquidation Loss on sale of Assets
Worksheet - 40 Part 1 Partnership Liquidation Loss on Sale of Assets
Worksheet - 40 Part 2 Partnership Liquidation Loss on Sale of Assets
50 Partnership Liquidation Partner Pays Partnership for Negative Capital Account
Worksheet - 50 Partnership Liquidation Partner Pays Partnership for Negative Cap
60 Partnership Liquidation Partner Does Not Pay Partnership for Negative Capita
Excel Worksheet Download
Worksheet - 60 Partnerships Liquidation Partner Does Not Pays Partnership for Ne
70 - Multiple Choice – Partnership
Short Calculation 2

1 Topic
10 Corporation Introduction

3 Topics
2 Issuing Common Stock for Cash
20 Stock for Cash
Worksheet - 20 Issuing Stock for Cash

4 Topics
3 Issuing Common Stock for Non-Cash
30 Issuing Stock for Non-Cash Asset
Worksheet - 30 Issuing Stock for Non Cash Assets
10 Multiple Choice Questions - Corporations

5 Topics
4 Cash Dividends
40 Dividends Overview
45 Cash Dividends
Worksheet - 45 Cash Dividends
20 Multiple Choice Questions - Corporations

4 Topics
5 Stock Dividends
50 Stock Dividends & Stock Split
Worksheet - 55 Stock Dividends
30 Multiple Choice Questions - Corporations

5 Topics
6 Preferred Stock
60 Preferred Stock Introduction
65 Preferred Stock Example
Worksheet - 65 Preferred Stock
40 Multiple Choice Questions - Corporations

5 Topics
7 Treasury Stock
70 Treasury Stock
Worksheet - 70 Treasury Stock Part 1%2C how to calculate-Accounting%2C Financial
Worksheet - 70 Treasury Stock Part 2%2C how to calculate-Accounting%2C Financial
50 Multiple Choice Questions - Corporations

6 Topics
8 Statement of Stockholders' Equity & Retained Earnings
80 Statement of Retained Earnings
Worksheet - 80 Statement of Retained Earnings
90 Corporations Statement of Stockholders Equity
Worksheet - 90 Statement of Stockholders' Equity
60 Multiple Choice Questions - Corporations

5 Topics
9 Closings Process Corporations
95 Corporation Closing Process
Worksheet - 95 Closing Process - Corporations
70 Multiple Choice Questions - Corporations
Short Calculation 1

5 Topics
10 Earning Per Share
100 Corporations Earning Per Share
Worksheet - 100 Earning Per Share
80 Multiple Choice Questions - Corporations
Short Calculation 2

1 Topic
10 Bonds & Notes Payable Introduction

5 Topics
2 Bonds Market Rate vs Contract Rate
20 Bond Issued at Par
25 Bonds Market Rate vs Contract Rate
Worksheet - 20 Bond Issued at Par
Worksheet - 25 Bond Interest Journal Entry

5 Topics
3 Bonds Issued at Premium
50 Bond Issued at Premium
Worksheet - 50 Bond Issue at Premium
60 Premium Amortization & Interest
Worksheet - 55 Bond Premium and Interest Journal Entry

8 Topics
4 Bonds Issued at Discount
40 Issue bond at a discount calculate and record interest payment
Worksheet - 30 Bond Issued at Discount
Worksheet - 35 Bond Discount & Interest
Worksheet - 1400.10 Record issuance of bond at a discount amortize straight line
Worksheet - 1400.20 Record issuance of bond at a discount amortize straight line
Worksheet - 1400.40 Record issuance of bond at a premium amortize straight line
Worksheet - 1400.50 Record issuance of bond at a premium amortize straight line

7 Topics
5 Present Value Bond Price
70 Bonds Present Value Formulas
Worksheet - 70 Bond Present Value Formula
80 Bond Price Present Value Tables
Worksheet - 80 Bond Present Value Tables
90 Bond Price Excel Formula
Worksheet - 90 Bond Present Value Excel

3 Topics
6 Bond Retirement
100 Bond Retirement
Worksheet - 100 Bond Retirement

4 Topics
7 Notes Payable Introduction
110 Notes Payable Introduction
120 Note Payable Journal Entry
Worksheet - 120 Installment Note Initial Journal Entry

5 Topics
8 Amortization Schedule Notes Payable
130 Amortization Schedule
140 Notes Payable Payments Journal Entry
Worksheet - 130 Note Payable Amortization
Worksheet - 140 Note payable interest payments

4 Topics
9 Notes Payable Adjusting Entries
150 Notes Payable Adjusting Entry
Worksheet - 150 Note Payable Adjusting Entry 1
Worksheet - 160 Note Payable Adjusting Entry 2

9 Topics
10 Financial Statements Long Term Liabilities
170 Notes Payable Current vs. Non Current
Worksheet - 170 FS St LT One Loan 1 TB Account
Worksheet - 180 FS St LT Loan 1 loan 2 TB Accounts
Worksheet - 190 FS ST LT 2 loans 1 TB account
Worksheet - 200 FS ST LT 2 Loans 1 ST 1 LT TB account
Worksheet - 210 FS ST LT 2 Loans 2 Loan Account TB
Worksheet - 220 FS 2 Loans 4 Accounts TB
70 Multiple Choice Question – Long Term Liabilities

3 Topics
11 Bond Characteristics and Types
230 Bond Characteristics
80 Multiple Choice Question – Long Term Liabilities

6 Topics
12 Effective Method Amortization Bond Discount & Premium
235 Discount Amortization Effective Method
Worksheet - 230 Effective Interest Discount Amortization
240 Premium Amortization Effective Method
Worksheet - 240 Effective Interest Premium Amortization
90 Multiple Choice Question – Long Term Liabilities

4 Topics
13 Leases Operating vs. Capital
250 Leases Capital vs. Operating
100 Multiple Choice Question – Long Term Liabilities
Short Calculation 2

1 Topic
10 Statement of Cash Flows Introduction

2 Topics
20 Classification of Cash Flows
30 Cash Flow Category Thought Process

3 Topics
40 Statement of Cash Flow Outline
50 Statement of Cash Flow Tools For Completion
60 Statement of Cash Flow Strategy

1 Topic
70 Statement of Cash Flows Direct Method Vs Indirect Method

21 Topics
80 Statement of Cash Flow Indirect Method Worksheet
90 Statement of Cash Flow Indirect Method Cash & Net Income
100 Statement of Cash Flow Indirect Method Adjustments to Reconcile Net Income t
110 Statement of Cash Flow Indirect Method Change In Accounts Receivable
120 Statement of Cash Flow Indirect Method Change In Inventory
130 Statement of Cash Flow Indirect Method Change in Prepaid Expense
140 Statement of Cash Flow Indirect Method Change In Accounts Payable
150 Statement of Cash Flow Investing Activities Cash Paid for Purchase of Equipm
160 Statement of Cash Flow Financing Activities Cash Borrowed on Notes
170 Statement of Cash Flow Financing Activities
180 Statement of Cash Flow Adjustments
1600.10 Creating a Statement of Cash Flow-Indirect Method-Accounting%2C financia
40 Cash flow statement indirect method part 1%2C how to calculate-Accounting%2C
50 Cash flow statement indirect method part 2%2C
60 Cash flow statement indirect method part 3%2C
70 Cash flow statement indirect method Part 4%2C
190 Worksheet Direct Method Worksheet Stmt of Cash Flow
190.10 Worksheet Direct Method Cash from Operations Stmt of Cash Flow
190.20 Worksheet Direct Method Cash from Investing Act Stmt of Cash Flow
190.30 Worksheet Direct Method Cash from financing Act Stmt of Cash Flow
190.40 Worksheet Direct Method Finalize Act Stmt of Cash Flow

5 Topics
190 Statement of Cash Flow Direct Method
190.10 Worksheet Direct Method Cash from Operations Stmt of Cash Flow
190.20 Worksheet Direct Method Cash from Investing Act Stmt of Cash Flow
190.30 Worksheet Direct Method Cash from financing Act Stmt of Cash Flow
190.40 Worksheet Direct Method Finalize Act Stmt of Cash Flow

1 Topic
200 Statement of Cash Flow Non Cash Items

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