Video 1 – Overview of the Accounting Cycle (4:50 minutes)
- Explains the steps in the Accounting Cycle
Video 2 – Analyzing Business Transactions (14:20 minutes)
- The Accounting Equation
- Definition and examples of assets, liabilities, and equity
- Impact of increases/decreases on the Accounting Equation
- Determine Increase or decrease in the accounts
- Illustration of transaction analysis
Video 3 – Recording Transactions in the General Journal (11:33 minutes)
- Overview of Recording Process
- Debit/Credit Rule
- Format of the General Journal
- Format of a journal entry
- Illustration of journal entries, Transactions 1 to 10
Video 4 – Posting to General Ledger (14:28 minutes)
- Organization of the General Ledger
- Chart of Accounts
- Format of the General Ledger
- Posting to General Ledger
- Illustration of the posting process, transactions 1-10.
Video 5 – Preparing the Trial Balance (7:09 minutes)
- Purpose, format, and preparation of Trial Balance
- Correction of Trial Balance errors
Video 6 – Preparing Adjusting Entries (16:05 minutes)
- Types of Adjusting Entries
- Illustration of Adjusting Entries
- Adjusting entries, 1- 6
- Minelli Pastries
Video 7 – Preparing the Adjusted Trial Balance (7:51 minutes)
- Purpose and use of the Adjusted Trial Balance
- Posting of Adjusting entries, 1 – 6 to General Ledger
- Preparation of Adjusted Trial Balance
Video 8 – Preparing Financial Statements – Income Statement (4:28 minutes)
- Steps to prepare Income Statement
- Illustrated Income Statement
- Minelli Landscape Design
Video 9 – Preparing Financial Statements – Statement of Owner’s Equity (3:57 minutes)
- Steps to prepare Statement of Owner’s Equity
- Illustrated Statement of Owner’s Equity
- Minelli Landscape Design
Video 10 – Preparing Financial Statements – Balance Sheet (4:30 minutes)
- Steps to prepare Balance Sheet
- Illustrated Balance Sheet
- Minelli Landscape Design
Video 11 – Preparing Financial Statements – Statement of Cash Flows (Indirect Method) (16:35 minutes)
- Purpose of Statement of Cash Flows
- Classification of Cash Flows
- Steps to prepare Statement of Cash Flows
- Illustrated Statement of Cash Flows
- Minelli Landscape Design
Video 12 – Preparing closing entries (6:27 minutes)
- Overview of closing entries
- Required closing entries
- Illustrated closing entries
- Minelli Landscape Design
Video 13 – Preparing Post-closing Trial Balance (8:34 minutes)
- Posting of closing entries to General Ledger
- Minelli landscape Design
- Illustrated Post-closing Trial Balance
- Minelli landscape Design
