Introduction
Why financial accounting?00:01:13
Accounting Basics
Accounting vs. bookkeeping00:04:04
The accounting equation00:03:37
Section 1 Quiz
The Financial Statement
The financial statement00:03:40
The balance sheet00:04:26
The income statement00:04:11
The statement of cash flows00:04:32
Section 2 Quiz
The Mechanics of Accounting
How financial statements are made00:04:30
Debits and credits00:04:56
Journal entries00:05:18
Making the financial statements00:03:29
Section 3 Quiz
Current Issues in Financial Accounting
Current financial accounting issues00:04:32
Revenue recognition00:04:30
Long-term assets including impairment00:04:05
Working with leases00:04:03
Earnings per share00:03:34
Investment securities and derivatives00:04:38
Deferring taxes00:04:25
Inventory and COGS00:05:00
Section 4 Quiz
Financial Statement Analysis
Using financial statements00:04:15
Common size statements00:04:49
DuPont framework00:05:09
Debt ratio00:04:09
Operating ratio00:04:10
Price-earning (P/E) ratio00:04:34
Section 5 Quiz
Conclusion
How you can use financial statements00:03:30