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Intermediate accounting

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Syllabus

Accruals explained.
VAT Value Added Tax explained.
Deferred tax assets.
Suspense accounts explained.
Cost Of Goods Sold (COGS) explained.
Retained Earnings explained.
Deferred tax explained.
Assets vs Liabilities.
Goodwill explained.
Earnings Per Share explained.
Cash flow statement indirect method.
US GAAP vs IFRS.
Cash flow statement direct vs indirect method.
Asset impairment explained.
FIFO vs LIFO example.
First In First Out (FIFO) inventory method.
Marginal tax rate.
Current assets and current liabilities.
Statement of changes in equity.
Consolidated financial statements.
Contra accounts explained.
Statement of financial position.
Statement of comprehensive income.
Statement of comprehensive income.
Intangible Assets explained.
Cash flow statement direct method.
Revenue recognition explained.
Product cost vs period cost.
Adjusting entries.
Deferred revenue explained.
Accrued revenue vs deferred revenue.
Bad debt accounting.
Cash flow forecast.
Treasury stock explained.
LIFO method accounting.
Prepaid expenses explained.
Noncontrolling interest.
Adjusted Earnings Per Share.
Effective tax rate.
Deferred tax liabilities.
Price variance vs efficiency variance.
Prepaid expense examples.
Operating segments.
FIFO adjustment from standard costing.

Taught by

The Finance Storyteller

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