Honestly, “spreadsheets” are kind of the vegetables of the business world -- the very idea of them makes some people queasy. But that’s ok! They can be intimidating, but they’re not impossible to understand. Today we’re going to learn to...

This video discusses the importance of financial projections in a business plan, particularly for start-up ventures. It emphasizes the significance of the income statement in outlining revenue and expense projections, as well as the need...

An operating lease is a traditional lease scenario that is accounted for as an expense on the income statement. A capital lease is capitalized over time and is recorded on the balance sheet.

Percent of Sales Method - Accounts Receivable

GAAP outlines the specific procedure by which you record bond issuances on the balance sheet and income statements. Notably, you must account for bond issuance costs as part of the process.

Measuring the performance of a profit center is based upon the reporting of profits and losses. Pursuing an absorption or variable costing approach for inventory will alter the gross profit calculation.

Product line analysis is a detailed process employed as part of the managerial accounting process. This video explains what is Product Line Analysis in managerial accounting.

Professor AJ Kooti explains what is cost flow and how is it used in product costing as part of managerial accounting

Pro Forma Financial Statements or Pro Forma are used to project the peformance of a business or project. This video explains how to create pro forma financial statements - namely the balance sheet, income statement, and cash flow statement.

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...

This video what is the Contribution Format Income Statement in managerial accounting. It also discusses how managers use the contribution format income statement in comparison to a traditional income statement required under GAAP.

Ch4. Video 9 - Accounting Cycle for Merchandising Business Example Part 2

Ch3. Video 9 - Completing the Accoutning Cycle (Financial Statements) Example

What should be included in the Financial Projections portion of the business plan? The financial section of your business plan should include a sales forecast, expenses budget, cash flow statement, balance sheet, and a profit and loss...

Contribution margin is a key assumption when conducting a Cost Volume Profit Analysis. This video explains the relevance of this assumption.

Financial Statement Analysis Example Part 2

What should be included in the Financial Projections portion of the business plan? The financial section of your business plan should include a sales forecast, expenses budget, cash flow statement, balance sheet, and a profit and loss...

In this video, the teacher introduces the concept of coverage ratios in accounting. They explain the importance of coverage ratios in evaluating a company's ability to meet its debt obligations and attract financial support from lenders....

In this video, the teacher explains the importance of financial statements for businesses and stakeholders. They go through the components of the income statement and balance sheet, and how they are prepared. The video provides a...

This video is a lesson on transforming financial reporting, discussing the importance of integrated non-financial statistics and dissecting the business into its component parts. The speaker emphasizes the need for a focused number of...

This video discusses the importance of systems and processes in building financial intelligence. It explains how financial statements are created, the different types of statements, and how to evaluate them. The video also touches on the...

This video is a lesson on the important topic of classification of accounts in accounting. The teacher explains the concept of accounts and how they are systematically recorded and summarized based on similar transactions related to a...

Accounting Cycle for Merchandising Business Example Part 2

Discusses why integrating sustainability into bottom line metrics is so important to the modern corporation and how it reduces risk and increases brand value