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