The Business Professor
Recording the Closing Process - Financial Accounting
Recording the Closing Process - Financial Accounting
The Business Professor
Recording Accounts Receivables and Credit Card Transactions
The video discusses the recording of accounts receivables and the different types of recognition involved. The instructor reviews the basic procedure for recording sales on credit and then goes on to discuss credit cards as a different...
The Business Professor
Recording Accounts Payable - Financial Accounting
Recording Accounts Payable - Financial Accounting
The Business Professor
Recognize Special Inventory Sales Transactions - Accounting
Recognize Special Inventory Sales Transactions - Accounting
The Business Professor
Recognize Inventory Sales - Journal Entries
Recognize Inventory Sales - Journal Entries
The Business Professor
Processing Transactions - Journals and T Tables - Accounting
Processing Transactions - Journals and T Tables - Accounting
The Business Professor
Principals for Internal Controls - Financial Accounting
Principals for Internal Controls - Financial Accounting
The Business Professor
Understanding Revenues and the Revenue Recognition Principle
In this video, the teacher explains what a revenue is and when it can be recognized. He gives three scenarios to illustrate the concept and emphasizes that a revenue is earned only when the product or service is delivered or rendered.
The Business Professor
Steps in a Bank Reconciliation - Accounting
Steps in a Bank Reconciliation - Accounting
The Business Professor
Understanding Financial Statements: Statement of Cash Flow
This video provides an explanation of the Statement of Cash Flow, which is a financial statement that details the inflows and outflows of cash within a business. The video discusses the three unique sections of the statement: Operating...
The Business Professor
Standard Costing and Managerial Control
This video explains the concept of standard costing and its relevance to managerial control. This information is then used to establish a standard system for applying costs and analyzing the management of a particular project or activity.
The Business Professor
Specific Identification Method of Inventory Accounting
Specific Identification Method of Inventory Accounting
The Business Professor
Short-Run Decision Making
This video provides a clear explanation of short-run decision making and emphasizes its importance in the decision making process, particularly in terms of the immediate impact and time frame involved.
The Business Professor
Revenue Recognition Across Industries
Business employ various approaches to revenue recognition. Any revenue recognition method must be in accordance with ASC 606 which provides steps for determining when revenue should be recognized.
The Business Professor
Introduction to Managerial Accounting
In this video, the speaker provides an explanation of what managerial accounting is and how it differs from financial accounting. The video highlights the tasks and responsibilities of a managerial accountant, such as preparing financial...
The Business Professor
Change in Estimates - Long Term Depreciation - Accounting
Change in Estimates - Long Term Depreciation - Accounting
The Business Professor
Ch8. Video 9 - Units-of-Production Method example
Units-of-Production Method example
The Business Professor
Ch9. Video 7 - Employee Payroll Deductions example
Employee Payroll Deductions (Accounting) example
The Business Professor
Ch8. Video 17 - Revenue and Capital Expenditure example
Revenue and Capital Expenditure (Accounting) example
The Business Professor
Ch8. Video 14 - Changes in Estimates example
Changes in Estimates (Accounting - Inventory) example
The Business Professor
Ch8. Video 11 - Declining-Balance Method example
Declining-Balance Method example
The Business Professor
Ch7. Video 9 - Percent of Receivables example
Percent of Receivables (Accounting) example
The Business Professor
Ch7. Video 7 - Percent of Sales example
Percent of Sales (Accounting) example
The Business Professor
Ch7. Video 5 - Allowance Method example
Ch7. Video 5 - Allowance Method example