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JoVE Business

Accounting

New Limited Time Access

Video textbook for business education: Visualized concepts and real-world case studies

9 Chapters

40+ Videos

1,700+ Multiple Choice Questions

Chapter 1

Foundations of Accounting

23 Videos · 33 Minutes

Introduction to Accounting

1.1: Introduction to Accounting

346 views

Accounting Activities

1.2: Accounting Activities

70 views

Branches of Accounting

1.3: Branches of Accounting

107 views

Financial Accounting vs. Managerial Accounting

1.4: Financial Accounting vs. Managerial Accounting

60 views

Users of Accounting Data

1.5: Users of Accounting Data

51 views

Building Blocks of Accounting

1.6: Building Blocks of Accounting

53 views

Ethics in Financial Reporting

1.7: Ethics in Financial Reporting

46 views

Introduction to Generally Accepted Accounting Principles (GAAP)

1.8: Introduction to Generally Accepted Accounting Principles (GAAP)

42 views

Introduction to International Financial Reporting Standards (IFRS)

1.9: Introduction to International Financial Reporting Standards (IFRS)

75 views

1.10: GAAP vs. IFRS

46 views

Historical Cost Principle

1.11: Historical Cost Principle

57 views

Fair Value Principle

1.12: Fair Value Principle

65 views

Monetary Measurement Concept

1.13: Monetary Measurement Concept

32 views

Economic Entity Concept

1.14: Economic Entity Concept

53 views

1.15: Cost Concept

47 views

Going Concern Concept

1.16: Going Concern Concept

47 views

Periodicity Concept

1.17: Periodicity Concept

50 views

The Accounting Equation

1.18: The Accounting Equation

51 views

The Accounting Cycle

1.19: The Accounting Cycle

57 views

Cash Basis of Accounting

1.20: Cash Basis of Accounting

34 views

Accrual Basis of Accounting

1.21: Accrual Basis of Accounting

32 views

Revenue Recognition

1.22: Revenue Recognition

38 views

Expense Recognition

1.23: Expense Recognition

61 views

Chapter 2

Recording Financial Transactions

21 Videos · 28 Minutes

Understanding the Accounting Process

2.1: Understanding the Accounting Process

50 views

Understanding an Account

2.2: Understanding an Account

33 views

Understanding Debit and Credit

2.3: Understanding Debit and Credit

39 views

The Double-Entry Accounting System

2.4: The Double-Entry Accounting System

39 views

Debit and Credit Effects for Assets and Liabilities

2.5: Debit and Credit Effects for Assets and Liabilities

55 views

Debit and Credit Effects for Owner’s Equity

2.6: Debit and Credit Effects for Owner’s Equity

44 views

Debit and Credit Effects for Revenues and Expenses

2.7: Debit and Credit Effects for Revenues and Expenses

49 views

Capital Expenditure

2.8: Capital Expenditure

38 views

Revenue Expenditure

2.9: Revenue Expenditure

31 views

2.10: The Journal

39 views

2.11: Journalizing

43 views

2.12: The Ledger

88 views

Posting in Ledger

2.13: Posting in Ledger

42 views

The Recording Process

2.14: The Recording Process

55 views

The Trial Balance

2.15: The Trial Balance

48 views

Recording Process under GAAP and IFRS

2.16: Recording Process under GAAP and IFRS

34 views

Adjusting Entries

2.17: Adjusting Entries

43 views

Prepaid Expenses

2.18: Prepaid Expenses

38 views

Unearned Revenues

2.19: Unearned Revenues

48 views

Accrued Revenues

2.20: Accrued Revenues

59 views

Accrued Expenses

2.21: Accrued Expenses

42 views

Chapter 3

Preparation of Income Statement

16 Videos · 22 Minutes

Introduction of the Income Statement

3.1: Introduction of the Income Statement

47 views

Key Components of the Income Statement

3.2: Key Components of the Income Statement

48 views

Revenue vs. Gain

3.3: Revenue vs. Gain

44 views

Cost of Goods Sold

3.4: Cost of Goods Sold

41 views

3.5: Gross Profit

52 views

Operating Expenses

3.6: Operating Expenses

43 views

Depreciation and Amortization Effect

3.7: Depreciation and Amortization Effect

33 views

Earnings Before Interest and Taxes

3.8: Earnings Before Interest and Taxes

49 views

Interest and Taxes

3.9: Interest and Taxes

40 views

3.10: Net Profit

39 views

Single-Step vs. Multi-Step Income Statement

3.11: Single-Step vs. Multi-Step Income Statement

46 views

Other Comprehensive Income

3.12: Other Comprehensive Income

30 views

Comparative Income Analysis: Vertical

3.13: Comparative Income Analysis: Vertical

49 views

Comparative Income Analysis: Horizontal

3.14: Comparative Income Analysis: Horizontal

30 views

Income Statement: Service vs. Retail vs. Manufacturing

3.15: Income Statement: Service vs. Retail vs. Manufacturing

38 views

Unique Items in Different Industries

3.16: Unique Items in Different Industries

40 views

Chapter 4

Preparation of Balance Sheet

20 Videos · 28 Minutes

Introduction of the Balance Sheet

4.1: Introduction of the Balance Sheet

61 views

Key Components of the Balance Sheet

4.2: Key Components of the Balance Sheet

42 views

Understanding Assets in the Balance Sheet

4.3: Understanding Assets in the Balance Sheet

38 views

Cash and Cash Equivalents

4.4: Cash and Cash Equivalents

56 views

4.5: Receivables

47 views

Impact of Inventory Methods on Financial Position

4.6: Impact of Inventory Methods on Financial Position

56 views

Property, Plant, and Equipment Accounting

4.7: Property, Plant, and Equipment Accounting

35 views

Intangible Assets

4.8: Intangible Assets

49 views

4.9: Goodwill

42 views

Understanding Liabilities in the Balance Sheet

4.10: Understanding Liabilities in the Balance Sheet

50 views

Current Liabilities

4.11: Current Liabilities

34 views

Contingent Liabilities

4.12: Contingent Liabilities

32 views

4.13: Payables

38 views

Shareholders’ Equity

4.14: Shareholders’ Equity

31 views

Retained Earnings

4.15: Retained Earnings

31 views

Treasury Stock and Dividends

4.16: Treasury Stock and Dividends

41 views

Year-over-Year Comparison of Balance Sheet

4.17: Year-over-Year Comparison of Balance Sheet

46 views

Balance Sheet: Service vs. Retail vs. Manufacturing

4.18: Balance Sheet: Service vs. Retail vs. Manufacturing

54 views

Creating a Complete Balance Sheet: Assets

4.19: Creating a Complete Balance Sheet: Assets

41 views

Creating a Complete Balance Sheet: Liabilities and Shareholders’ Equity

4.20: Creating a Complete Balance Sheet: Liabilities and Shareholders’ Equity

108 views

Chapter 5

Preparation of Cash Flow Statement

17 Videos · 23 Minutes

Introduction of the Cash Flow Statement

5.1: Introduction of the Cash Flow Statement

41 views

Importance of the Cash Flow Statement

5.2: Importance of the Cash Flow Statement

30 views

Components of the Cash Flow Statement

5.3: Components of the Cash Flow Statement

33 views

Relationship with Other Financial Statements

5.4: Relationship with Other Financial Statements

42 views

Understanding Operating Activities

5.5: Understanding Operating Activities

36 views

Preparing the Operating Activities

5.6: Preparing the Operating Activities

30 views

Understanding Investing Activities

5.7: Understanding Investing Activities

28 views

Preparing the Investing Activities

5.8: Preparing the Investing Activities

25 views

Understanding Financing Activities

5.9: Understanding Financing Activities

33 views

Preparing the Financing Activities

5.10: Preparing the Financing Activities

27 views

Direct vs. Indirect Method of Cash Flow Preparation

5.11: Direct vs. Indirect Method of Cash Flow Preparation

30 views

Understanding Non-Cash Transactions

5.12: Understanding Non-Cash Transactions

34 views

Adjustment for Non-Cash Items

5.13: Adjustment for Non-Cash Items

32 views

Analyzing Changes in Working Capital

5.14: Analyzing Changes in Working Capital

37 views

Preparing the Cash Flow Statement

5.15: Preparing the Cash Flow Statement

21 views

Free Cash Flow Analysis

5.16: Free Cash Flow Analysis

47 views

Interpreting and Analyzing the Cash Flow Statement

5.17: Interpreting and Analyzing the Cash Flow Statement

39 views

Chapter 6

Management of Accounts Receivable and Payable

13 Videos · 17 Minutes

Recognizing Accounts Receivable

6.2: Recognizing Accounts Receivable

29 views

Uncollectible Accounts

6.3: Uncollectible Accounts

29 views

Disposing of Accounts Receivable

6.4: Disposing of Accounts Receivable

31 views

Sale of Receivables to a Factor

6.5: Sale of Receivables to a Factor

27 views

Credit Card Sales

6.6: Credit Card Sales

24 views

Notes Receivable

6.7: Notes Receivable

31 views

Recognizing Notes Receivable

6.8: Recognizing Notes Receivable

29 views

Analysis of Accounts Receivable Turnover

6.9: Analysis of Accounts Receivable Turnover

25 views

Accounts Payable

6.10: Accounts Payable

27 views

Relationship between Accounts Payable and Working Capital Management

6.11: Relationship between Accounts Payable and Working Capital Management

35 views

Payment Terms and Vendor Management

6.12: Payment Terms and Vendor Management

25 views

Analysis of Accounts Payable Turnover

6.13: Analysis of Accounts Payable Turnover

26 views

6.14: Notes Payable

32 views

Chapter 7

Inventory Management

11 Videos · 15 Minutes

Introduction to Inventory Management

7.1: Introduction to Inventory Management

40 views

Types of Inventory

7.2: Types of Inventory

40 views

FIFO: First-in, First-out

7.3: FIFO: First-in, First-out

29 views

LIFO: Last-in, First-out

7.4: LIFO: Last-in, First-out

32 views

Weighted Average Costing

7.5: Weighted Average Costing

28 views

Perpetual Inventory System

7.6: Perpetual Inventory System

37 views

Economic Order Quantity

7.7: Economic Order Quantity

38 views

Just-in-Time Inventory

7.8: Just-in-Time Inventory

34 views

7.9: ABC Analysis

39 views

Overstated vs. Understated Inventory

7.10: Overstated vs. Understated Inventory

43 views

Shrinkage, Obsolescence, and Holding Costs

7.11: Shrinkage, Obsolescence, and Holding Costs

29 views

Chapter 8

Asset Management

7 Videos · 10 Minutes

Introduction to Asset Management

8.1: Introduction to Asset Management

33 views

Asset Classification and Its Management

8.2: Asset Classification and Its Management

35 views

Periodic Inventory System

8.3: Periodic Inventory System

32 views

Managing Intangible Assets

8.4: Managing Intangible Assets

27 views

Cost Basis vs. Fair Value Accounting

8.5: Cost Basis vs. Fair Value Accounting

27 views

Understanding Asset Capitalization

8.6: Understanding Asset Capitalization

26 views

Asset Disposal: Sales, Trade-Ins and Write-Offs

8.7: Asset Disposal: Sales, Trade-Ins and Write-Offs

28 views

Chapter 9

Internal Control

9 Videos · 13 Minutes

Understanding Internal Control

9.1: Understanding Internal Control

38 views

Principles of Internal Control Activities

9.2: Principles of Internal Control Activities

37 views

Cash Receipts Controls

9.3: Cash Receipts Controls

28 views

Cash Disbursements Controls

9.4: Cash Disbursements Controls

28 views

Petty Cash Fund

9.5: Petty Cash Fund

36 views

Control Features of a Bank Account

9.6: Control Features of a Bank Account

23 views

Reconciling the Bank Account

9.7: Reconciling the Bank Account

28 views

Reconciliation Procedure

9.8: Reconciliation Procedure

29 views

Entries from Bank Reconciliation

9.9: Entries from Bank Reconciliation

33 views

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