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Accounting Cycle Videos

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

Accounting Dept.

199 Chambers Street, Room F-530
New York, NY 10007
Phone: (212) 220-8185

Hours of Operation:
9:00 a.m. - 5:00 p.m