Accounting is the language of business because its purpose is to communicate business information to managers and providers of business capital.
Watch Lesson
In this lesson we take an introductory view of the balance sheet, income statement and statement of cash flows.
Here we focus on producing the financial statements required for a company's investors and lenders.
We continue our discussion of an accounting system designed to produce periodic financial statements with a specific focus on adjusting and closing entries.
An in-depth look at business policies regarding sales discounts, returns of merchandise sales and credit card sales on the financial position and profits of a company
Here we take a look at accounting for inventory and how it can have a significant impact on the reported results of operations and financial position of a company.
This lesson discusses various taxes relative to employee wages and how to address theft and fraud.
Some of a company's most valuable assets are operating assets such as property, equipment, patents, trademarks, and other assets providing long-term benefits to the company.
Here we discuss the most basic forms of debt and equity financing.
A look on how financial statements can be used to help determine the value of a company's stock.
This lesson introduces managerial accounting, which is designed to generate information useful to managers.
Here we dive into the costs incurred in manufacturing and the techniques available to determine a product's cost.
In this lesson we analyze how the costs of a business behave with changes in the volume of production and sales.
Here we look at planning and how its a must for effective business management and includes budgeting for business operations.
Here we teach you to to be an effective manager by learning how to analyze revenues and costs when making business decisions.
Here we present the Balanced Scorecard and how management can use it as a strategic performance measurement system that ties performance measures to an organization’s strategy.