BUS103: Capital Expenditures | Saylor Academy

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This video will explain how we should account for costs involved in the use of long-term assets after the initial purchase is recorded.

Source: Dave Alldredge, https://youtu.be/kh8EkHuvnbo?list=PL8Sg4W1XyHvDm4bavBbfqr5fhXSet4XDW
This work is licensed under a Creative Commons Attribution 3.0 License.

Last modified: Thursday, 21 March 2024, 10:10 AM

Course Introduction

Course Syllabus

Unit 1: Accounting Environment, Decision-Making, and Theory

1.1: The Accounting Environment

The Accounting Environment

Financial vs. Managerial Accounting

Conventions and Standards

GAAP Principles and Concepts

1.2: Accounting and Its Use in Business Decisions

Accounting and Its Use in Business Decisions

The Accounting Cycle

1.3: Financial Statements

Introducing Financial Statements

Beginners' Guide to Financial Statements

Overview of Financial Statements

1.4: Accounting Theory

Accounting Theory

1.5: Internal Controls

Fraud, Internal Controls, and Cash

Objectives, Components, and Limitations of Internal Controls

Fraud and the Sarbanes-Oxley Act of 2002

More on the Sarbanes-Oxley Act

Unit 1 Assessment

Practice Problems

Unit 1 Assessment

Unit 2: Recording Business Transactions

2.1: Debits and Credits

Recording Business Transactions

Rules of Debits and Credits

More on the Rules of Debits and Credits

Why are the Rules of Debits and Credits Backwards?

2.2: The Accounting Process

The Accounting Cycle

Principles of Accounting Transactions

Accounting Cycle Step 1: Analyze Transactions

Accounting Cycle Step 2: Journalize Transactions

Accounting Cycle Step 3: Post Transactions

Accounting Cycle Step 4: Unadjusted Trial Balance (Corporations)

Financing Your Organization

Accounting Cycle Steps 5–9

Unit 2 Assessment

Practice Problems

Unit 2 Assessment

Unit 3: Adjusting Entries

3.1: Adjustments for Financial Reporting

Adjustments for Financial Reporting

Cash vs. Accrual Accounting

3.2: Visualizing the Adjusting Journal

Adjusting Entries Overview

Completing the Accounting Cycle

Unit 3 Assessment

Practice Problems

Unit 3 Assessment

Unit 4: Completing the Accounting Cycle

4.1: Completing the Accounting Cycle

Completing the Accounting Cycle

4.2: The Closing Process

Adjusting and Closing Entries

Unit 4 Assessment

Practice Problems

Unit 4 Assessment

Unit 5: Financial Reporting and Financial Statement Analysis

5.1: Financial Reporting

Interpreting Corporate Financial Statements

Obstacles to Good Financial Reporting

Research Public Companies Through EDGAR: A Guide for Investors

How to Read a 10-K

5.2: Financial Statement Analysis

Analysis and Interpretation of Financial Statements

Vertical Analysis

Common Size Financial Statements

Horizontal Analysis

Ratio Analysis

Calculating Financial Ratios

Unit 5 Assessment

Practice Problems

Unit 5 Assessment

Unit 6: Accounting for Inventory – Measuring and Reporting

6.1: Introduction to Inventories and the Classified Income Statement

Introduction to Inventories and the Classified Income Statement