Practical Accounting for Assets

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Dr. Jeff Hillard, CMA, CPA and John Wiley, M.Ed.

3:54:46

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1. Cash and Internal Controls

1.1 6 Cash and Internal Controls.xlsx

1. A Brief Look Inside Cash and Internal Controls.mp4

03:58

2. Overview of Key Issues and Terminology of Cash and Internal Controls.mp4

08:28

3. Principles, Analytics and Limitations of Internal Controls.mp4

09:08

4. Internal Controls for Cash Receipts (Collections) and Cash Held.mp4

10:10

5. Internal Controls for Cash Disbursements (Payments).mp4

07:09

6. Bank Reconciliation Who Knows Example, Practice, Solution.mp4

10:35

7. Cash Management, Forecasting and Working Capital Ratios.mp4

07:57

2. Receivables

1.1 7 Receivables.xlsx

1. A Brief Look Inside Receivables.mp4

03:59

2. Overview of Key Issues and Terminology of Receivables.mp4

09:01

3. The Aging Schedule and the Allowance Method.mp4

13:26

4. Credit Cards and Factors.mp4

04:49

5. Notes Receivable Lend, Earn Interest and Collect.mp4

04:58

6. Receivables Management, Internal Controls and Ratios.mp4

06:30

3. Merchandise Inventory

1.1 8 Merchandise Inventory.xlsx

1. A Brief Look Inside Merchandise Inventory.mp4

04:37

2. Overview of Key Issues and Terminology of Merchandise Inventory.mp4

12:14

3. Perpetual vs. Periodic Inventory Systems.mp4

07:38

4. Specific Identification.mp4

04:23

5. FIFO Periodic and LIFO Periodic.mp4

05:27

6. FIFO Perpetual and LIFO Perpetual.mp4

05:24

7. Average Cost Periodic and Perpetual.mp4

06:52

8. FIFO and LIFO Layers Multiple Unit Purchases and Sales.mp4

12:19

9. Management and Financial Statement Topics.mp4

13:51

4. Long-Term Assets

1.1 9.0 A Brief Look Inside the Module .mp4

04:02

1. A Brief Look Inside Long-Term Assets.mp4

04:02

2. Overview of Key Issues and Terminology of Long-Term Assets.mp4

07:53

3. Acquiring (Buying) a Long-Term Asset.mp4

04:53

4. Straight Line Depreciation.mp4

06:04

5. Declining Balance Depreciation.mp4

05:38

6. Activity Based Depreciation and Depletion.mp4

05:25

7. Selling Long-Term Assets.mp4

04:46

8. Intangible Assets.mp4

08:58

9. Management, Internal Controls and Ratios.mp4

03:58

10. Changes to Long-Term Assets - Useful Life, Impairing, Errors.mp4

06:14

Description

Cash, Receivables, Inventory and Long-Term Assets begin with Ten Basic Transactions, Key Terms, Examples and Practice.

What You'll Learn?

Cash and Internal Controls
Receivables
Merchandise Inventory
Long-Term Assets

Who is this for?

Businesses, Financial Accounting students and individuals interested in accounting.

What You Need to Know?

No prior accounting experience required.

More details

Description
Cash and Internal Controls
Learn why Cash is King, How Internal Controls Protect it and How it is Managed.
- Principles, Analytics and Limitations of Internal Controls
- Internal Controls for Cash Receipts (Collections) and Cash Held
- Internal Controls for Cash Disbursements (Payments)
- Bank Reconciliation - Who Knows? Example, Practice, Solution
- Cash Management, Forecasting and Working Capital Ratios

Receivables
Learn the Collect and Use for BAD BAD Debt transactions with the Allowance Method before the Lend transactions for Notes Receivables.
- Overview of Key Issues and Terminology of Receivables
- The Aging Schedule and the Allowance Method
- Credit Cards and Factors
- Notes Receivable Lend, Earn Interest and Collect
- Receivables Management, Internal Controls and Ratios

Merchandise Inventory
Explore seven methods to calculate the Use of Inventory to Sell on One worksheet then with Practice before learning the associated management, valuation and reporting issues.
- Overview of Key Issues and Terminology of Merchandise Inventory
- Perpetual vs. Periodic Inventory Systems
- Specific Identification
- FIFO Periodic and LIFO Periodic & Perpetual
- Average Cost Periodic and Perpetual
- FIFO and LIFO Layers - Multiple Unit Purchases and Sales
- Management and Financial Statement Topics

Long-Term Assets
Learn the how to buy then three methods to use long-term assets by depreciating their cost over their useful life.
- Overview of Key Issues and Terminology of Long-Term Assets
- Acquiring (Buying) a Long-Term Asset
- Straight Line Depreciation
- Declining Balance Depreciation
- Activity Based Depreciation and Depletion
- Selling Long-Term Assets
- Intangible Assets
- Management, Internal Controls and Ratios
- Changes to Long-Term Assets - Useful Life, Impairing, Errors
Who this course is for:
Businesses, Financial Accounting students and individuals interested in accounting.

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Dr. Jeff Hillard, CMA, CPA is a Professor of Accounting at Montgomery College in Rockville, Md. His academic career spans 18 years dedicated to innovative approaches in the classroom. He holds a Doctor of Management from UMGC. John Wiley, M. Ed is the Manager of the Business, Accounting and Technology Lab at Baltimore City Community College, where the collaboration on Practical Accounting began.

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