Practice: Label the following accounts as either Asset, Liability, Equity, Revenue, or Expense
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| Ch. 1 - Introduction to Accounting | 1hr & 21mins | 0% complete | ||
| Ch. 2 - Transaction Analysis | 1hr & 14mins | 0% complete | ||
| Ch. 3 - Accrual Accounting Concepts | 2hrs & 38mins | 0% complete | ||
| Ch. 4 - Merchandising Operations | 2hrs & 31mins | 0% complete | ||
| Ch. 5 - Inventory | 1hr & 54mins | 0% complete | ||
| Ch. 6 - Internal Controls and Reporting Cash | 1hr & 16mins | 0% complete | ||
| Ch. 7 - Receivables and Investments | 3hrs & 17mins | 0% complete | ||
| Ch. 8 - Long Lived Assets | 5hrs & 3mins | 0% complete | ||
| Ch. 9 - Current Liabilities | 2hrs & 19mins | 0% complete | ||
| Ch. 10 - Time Value of Money | 1hr & 27mins | 0% complete | ||
| Ch. 11 - Long Term Liabilities | 2hrs & 45mins | 0% complete | ||
| Ch. 12 - Stockholders' Equity | 2hrs & 15mins | 0% complete | ||
| Ch. 13 - Statement of Cash Flows | 2hrs & 24mins | 0% complete | ||
| Ch. 14 - Financial Statement Analysis | 5hrs & 27mins | 0% complete | ||
| Ch. 15 - GAAP vs IFRS | 56mins | 0% complete | ||
| Sections | |||
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| Welcome! | 1 min | 0 completed | Learn |
| Types of Accounting | 4 mins | 0 completed | Learn |
| Business Organization | 7 mins | 0 completed | Learn |
| Useful Information | 15 mins | 0 completed | Learn |
| Fundamental Accounting Equation | 15 mins | 0 completed | Learn |
| The Financial Statements | 27 mins | 0 completed | Learn |
| Sample Financial Statements - Coca Cola | 12 mins | 0 completed | Learn |
Here we introduce the four main financial statements. This is also the perfect time to practice classifying accounts into one of five main categories.
Concept #1: Financial Statements
Concept #2: Account Title Classification
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Videos in The Financial Statements
Concept #1: Financial Statements
Concept #2: Account Title Classification
Practice #1: Account Title Classification
