+ Accounting Explanation- Accounting Explanation

• Introduction to Accounting and its terminology
• The Double entry system - Debit and Credit
• Book of original entries - General journal
• Preparing Ledger Account
• Book of original entries - Specialized journals
• Book of original entries - Cash Book
• Books of Account and Source Documents
• Bank Reconciliation statement
• Accounting concepts and conventions
• Adjusting entries - Accruals and Prepayments
• Financial statement - income statement
• Financial statement - Balance sheet
• Financial statement - Cash flow statement
• Rectification of Errors - Errors not affecting Trial Balance agreement
• Capital and Revenue Expenditures   
• Depreciation- Its Nature, Calculation and methods
• Accounts of Non-Profit Organizations   New!

     + Accounting MCQs- Accounting MCQs


Topic wise  MCQs

Intro to Accounting and its terms Accounting equation General Journals Specialized journals Ledger or T accounts Self Grading MCQs Test (Topic 1-5) Trial Balance Cash Book Bank reconciliation statement Adjusting Entries

Accounting concept and conventions Self Grading MCQs Test (Topic 6-10) Financial statements (General) Partnership Accounts Control Accounts Fixed assets & Depreciation Bad debts & Provision for bad debts Inventory or stock valuation Non-profit organisations accounts Single entry and incomplete records

General MCQs

Financial Accounting MCQs#1 Financial Accounting MCQs#2 Financial Accounting MCQs#3 Financial Accounting MCQs#4 Financial Accounting MCQs#5 Financial Accounting MCQs#6 Financial Accounting MCQs#7 Financial Accounting MCQs#8 Financial Accounting MCQs#9 Financial Accounting MCQs#10 Financial Accounting MCQs#11 Financial Accounting MCQs#12 Financial Accounting MCQs#13 Financial Accounting MCQs#14 Financial Accounting MCQs#15

Financial Accounting MCQs#16  Financial Accounting MCQs#17 Financial Accounting MCQs#18 Financial Accounting MCQs#19 Financial Accounting MCQs#20 Financial Accounting MCQs#21 Financial Accounting MCQs#22 Financial Accounting MCQs#23 Financial Accounting MCQs#24 Financial Accounting MCQs#25 Financial Accounting MCQs#26 Financial Accounting MCQs#27 Financial Accounting MCQs#28 Financial Accounting MCQs#29 Financial Accounting MCQs#30

     + University ranking- University ranking

A Albania Algeria American Samoa Andorra Antigua and Barbud Argentina Armenia Australia Austria Azerbaijan B Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bolivia Bosnia and Herzegovina Botswana Brazil BruneiDarussalam Bulgaria Burkina Faso C Cambodia Cameroon Canada Cape Verde Chile China Colombia Costa Rica Côte D'Ivoire Croatia Cuba Cyprus CzechRepublic D Democratic Republic of the Congo Denmark Dominica Dominican Republic E Ecuador Egypt El Salvador Eritrea Estonia Ethiopia Faroe Islands Fiji Finland France French Polynesia G Gabon Georgia Germany Ghana

Greece Greenland Grenada Guam Guatemala Guyana H Haiti Honduras Hong Kong Hungary I Iceland India Indonesia Iran Iraq Israel Israel Italy Jamaica Japan Jordan K Kazakhstan Kenya Kuwait Kyrgyzstan L Latvia Lebanon Lesotho Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg M Macau Madagascar Malawi Malaysia Maldives Malta Marshall Islands Mauritania Mauritius Mexico Moldova Republic of Monaco Mongolia Montenegro Morocco Mozambique N Namibia Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Nigeria Northern Mariana Islands Norway

O Oman P Pakistan Palestinian Territories Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Q Qatar Republic Of Korea R Romania Russian Federation Rwanda S Saint Kitts and Nevis Saudi Arabia Samoa Senegal Serbia Singapore Slovakia Somalia South Africa Spain Sri Lanka Sri Taiwan Sudan Suriname Sweden Switzerland Syrian Arab Republic T Tajikistan Tanzania Thailand Trinidad and Tobago Tunisia Turkey U Uganda Ukraine United Arab Emirates United Kingdom United States of America Uruguay Uzbekistan V Venezuela Vietnam Virgin Islands (U.S.) Y Yemen Z Zambia Zimbabwe

Source: www.webometrics.info

     + Abbreviations- Abbreviations

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     + Accounting Lectures- Accounting Lectures

  Financial & Managerial Accounting                       ◄

Larry walther Lectures               

Chapter 01 - Welcome to the World of Accounting
Financial and Managerial Accounting Information
The Accounting Profession and Accounting Careers
The Accounting Equation
How Transactions Impact the Accounting equation
The Four Core Financial Statements
Chapter 02 - Information Processing
Accounts, Debits, and Credits
The General Journal
The General Ledger
The Trial Balance
Computerized Processing Systems
T-Accounts
Chapter 03 - Income Measurement
Measurement Triggering Transactions and Events
The Periodicity Assumption and Its Accounting Implications
Basic Elements of Revenue Recognition
Basic Elements of Expense Recognition
The Adjusting Process and Related Entries, Part 1
The Adjusting Process and Related Entries, Part 2
Accrual vs. Cash-Basis Accounting
Chapter 04 - The Reporting Cycle
Preparation of Financial Statements
The Accounting Cycle and Closing Process
The Nature of Optional Reversing Entries
Classified Balance Sheets
The Importance of Business Liquidity and the Concept of an Operating Cycle
Chapter 05 - Special Issues for Merchants
The Merchandising Business and Related Sales Recognition Issues
Gross versus Net Recording and the Periodic System
Freight Costs
Income Measurement and Reporting for the Merchandising Business
Closing Entries for the Merchandising Business
An Alternative Inventory System: The Perpetual System
Enhancements of the Income Statement
The Control Structure
Chapter 06 - Cash and Highly Liquid Investments
The Composition of Cash
Cash Management and Controls for Receipts and Disbursements
Reconciliation of Bank Accounts
A Petty Cash System
Accounting for Highly Liquid Investments Known as Trading Securities
Chapter 07 - Accounts Receivable
The Costs and Benefits of Selling on Credit
Accounting Considerations for Uncollectible Receivables
Alternative Approaches to Account for Uncollectibles
Notes Receivable
Chapter 08 - Inventory
Components to Include in Inventory
Basic Concepts of Inventory Costing Methods
Comparison of Inventory Costing Methods
Perpetual FIFO
Perpetual LIFO and Perpetual Average Cost
Lower of Cost or Market
Inventory Estimation Techniques
Inventory Management and Monitoring
Chapter 09 - Long-Term Investments
Intent-Based Accounting
Available-for-Sale Securities
Held-to-Maturity Securities
The Equity Method of Accounting
Consolidations
Chapter 10 - Property, Plant, and Equipment
Costs to Assign to PP&E
Depreciation Concepts
Straight-Line and Units-of-Output Depreciation
Double-Declining-Balance and Changes in Estimates
Tax Issues and Lease Issues
Chapter 11 - Advanced PP&E Issues
Costs Subsequent to Acquisition
Accounting for Disposals
Asset Exchanges
Asset Impairments
Accounting for Natural Resources
Intangibles
Chapter 12 - Current Liabilities and Employer Obligations
Current Liabilities
Notes Payable
Contingent Liabilities
Accounting for Payroll
Other Elements of Employee Compensation
Chapter 13 - Long-Term Obligations
Basic Notes Payable and Present Value Calculations
Level-Payment Loans
The Nature of Bonds and Terminology
Bond Pricing and Bonds Issued at Par / Straight-Line Method
Bonds Premiums and Discounts / Straight-Line Amortization
Effective-Interest Method
Bonds Issued Between Interest Dates and Retirement
Commitments, Leases, and Fair Value
Chapter 14 - Corporate Equity Accounting
Corporate Characteristics
Common and Preferred Stock
Treasury Stock
Stock Splits and Stock Dividends
Statement of Stockholders' Equity
Chapter 15 - Financial Reporting Concepts
Special Reporting Situations
Earnings Per Share (EPS)
Other Key Indicators in Financial Analysis
Objectives and Qualities of Financial Information
The Development of GAAP
Key Assumptions of Financial Reporting
Issues in Global Commerce
Chapter 16 - Financial Analysis & Statement of Cash Flows
Tools for Financial Statement Analysis
Evaluating Cash Flows
The Direct Approach for the Statement of Cash Flows
The Indirect Approach for the Statement of Cash Flows
The Worksheet for Cash Flow Statement
Chapter 17 - Introduction to Managerial Accounting
The Distinguishing Characteristics of Managerial Accounting
Managerial Accounting's Role in Planning, Directing, and Controlling
Key Production Components: Direct Materials, Direct Labor, and Factory Overhead
Product Costs Versus Period Costs
Categories of Inventory for Manufacturers and Related Financial Statement Implications
Chapter 18 - Cost-Volume-Profit and Business Scalability
Cost Behavior Patterns and Implications for Managing a Business
Methods of Cost Behavior Analysis
Break-Even and Target Income Analysis Part 1
Break-Even and Target Income Analysis Part 2
Cost and Profit Sensitivity Analysis
Cost-Volume-Profit Analysis for Multiple Products
Chapter 19 - Job Costing and Modern Cost Management Systems
Basic Concepts in Job Costing
Information Systems for Job Costing Environments
Tracking Job Costs in the Corporate Ledger
Accounting For Actual and Applied Overhead
Job Costing In Service, Not-For-Profit, and Governmental Environments
Chapter 20 - Process Costing and Activity-Based Costing.
Job Costing In Service, Not-For-Profit, and Governmental Environments
The Purpose and Functioning of a Process Cost Accounting System
The Concept of Equivalent Units of Production
Assigning Total Cost to Completed Units and Units in Process
Activity-Based Costing Systems, Part 1
Activity-Based Costing Systems, Part 2
Chapter 21 - Budgeting: Planning for Success.
The Importance and Use of Budgets Within an Organization
The Budget Process and the Impact of Human Behavior
The Various Components of a Master Budget
Budget Periods and Budget Adjustments
Chapter 22 - Tools for Enterprise Performance Evaluation
Using Flexible Budgets to Adapt Outcome Assessments to Variable Scenarios
Developing and Using Standard Costs
Traditional Variance Calculations for Monitoring Cost and Efficiency, Part 1
Traditional Variance Calculations for Monitoring Cost and Efficiency, Part 2
The Balanced Scorecard Approach to Measuring Business Performance
Chapter 23 - Reporting to Support Managerial Decisions.
Variable Costing Versus Absorption Costing
Segment Reporting
Concepts in Allocating Service Department Costs
Leveraging Modern Information Systems to Enable Better Decisions
Chapter 24 - Analytics for Managerial Decision Making.
Cost Characteristics and the Impact on Decisions
Capital Expenditure Decisions
Compound Interest and Present Value
Tools for Evaluating Capital Projects
Measures of Residual Income
A General Framework for Making Rational Business Decisions

  Financial Accounting                                    ◄

Susan Crusson Lectures             

Accounting Basics
Accounting Basics 1- Where did Accounting Come From?
Accounting Basics 2- Accounting Equation
Accounting Basics 3- Assets
Accounting Basics 4- Liabilities
Accounting Basics 5- Stockholders Equity
Accounting Basics 6-Expanded Accounting Equation
Accounting Basics 7- Financial Statements

Accounting Transaction 

Accounting Transactions 1- Resources, Events, & Agents
Accounting Transactions 2- Accounting Cycle
Accounting Transactions 3- Asset & SHE Dr & Cr
Accounting Transactions 4- Liabilities Dr & Cr
Accounting Transactions 5- Revenue Dr & Cr
Accounting Transactions 6-Expenses DR & Cr
Accounting Transactions 7- Journal Entries 1
Accounting Transactions 8- Journal Entries 2
Accounting Transactions 9-Asset Anatomy

Mearuring Business Income

Measuring Business Income 1- Accounting Cycle
Measuring Business Income 2-Adjusting JE Assets & Expenses
Measuring Business Income 3-Adjusting JE Liabilities&Revenue
Measuring Business Income 4-Adjusting JE Accruals
Measuring Business Income 5-Adjusted TB & FS
Measuring Business Income 6-Adjusted TB & CJE
Measuring Business Income 7-Closing Journal Entries
Measuring Business Income 8-T Anatomy and Cash
Financial Reporting and Analysis 
Financial Reporting & Analysis 1-Overview
Financial Reporting & Analysis 2-Classified BS
Financial Reporting & Analysis 3-Multistep IS
Financial Reporting & Analysis 4-Liquidity Ratios
Financial Reporting & Analysis 5-Profit&Solvency Ratios
Financial Reporting & Analysis 6-Accounting Conventions
Merchandising Operations 
Merchandising Operations-1-Retail Accounts
Merchandising Operations-2-Sales Periodic & Perpetual
Merchandising Operations-3-Purchases Periodic
Merchandising Operations-4-Purchases Perpetual
Merchandising Operations-5-Income Statement Perpetual
Merchandising Operations-6- Income Statement Periodic
Inventories 
Inventories-1 Periodic FIFO
Inventories-2 Periodic LIFO
Inventories-3 Periodic FIFO LIFO Recap
Inventories-4 Periodic AVERAGE
Inventories-5 Perpetual FIFO
Inventories-6 Perpetual LIFO
Inventories-7 Estimates Gross Margin Method
Inventories-8 Estimates Retail Method
Cash and Receivable or Debtors 
Cash and Receivables -1 Overview
Cash and Receivables-2 Bank Reconciliation
Cash and Receivables- 3 Accounts Receivable
Cash and Receivables -4 Uncollectible Accounts
Cash and Receivables -5 Notes Receivable
Cash and Receivables -6 Journal Entry Recap
Financial Accounting General Terms 
FA 8 1 Current Liabilities
FA 8 2 Notes Payable
FA 8 3 Product Warranties
FA 8 4 Sales and Excise Taxes
FA 8 5 Payroll and Payday
FA 8 6 Payroll and Employers
FA 8 7 Simple and Compound Interest
FA 8 8 Present Value
FA 8 9 Net Present Value Example
Cash Flow Statement-IAS 7
Cash Flow 1 Statement of Cash Flows Format
Cash Flow 2 Operating Activites
Cash Flow 3 Investing Activites-Investments
Cash Flow 4 Investing Activites-Plant Assets
Cash Flow 5 Financing Activites
Cash Flow 6 Example-operating
Cash Flow 7 Example-Investing
Cash Flow 8 Example-financing
Cash Flow 9 Ratios

Big Bean Counter Lectures        

Accounting Lecture 01 - Basic Concepts
Accounting Lecture 02 Part 1 - Recording Transactions
Accounting Lecture 02 Part II - Transactions and Statements
Accounting Lecture 03 Part I - Debits and Credits
Accounting Lecture 03 Part II - Debits & Credits, Continued
Accounting Lecture 04 Part I - Adjusting Entries
Accounting Lecture 04 Part II - Adjusting Entries, Continued
Accounting Lecture 05 - Closing Entries
Accounting Lecture 06 Part I - LIFO, FIFO & Average Cost
Accounting Lecture 06 Part II - LIFO & FIFO, Concluded
Accounting Lecture 07 Part I - Merchandising and Inventory Purchases
Accounting Lecture 07 Part II - Inventory Sales and the Income Statement
Accounting Lecture 08 Part I - Accounts Receivable and Uncollectible Accounts
Accounting Lecture 10 - Petty Cash
Accounting Lecture 11 - Bank Reconciliations
Accounting Lecture 12 - Division of Partnership Profit and Loss
Accounting Lecture 13 - Bond Issuances, Amortization of Discounts and Premiums
Accounting Lecture 14 - Gains and Losses from Bond Retirements
Accounting Lecture 15 - Investments in Bonds
Accounting Lecture 16 - Bond Issuance/Purchase With Accrued Interest
Accounting Lecture 17 - Corporate Income Statement
Accounting Lecture 18 - Stock Issuances and Treasury Stock
Accounting Lecture 19 - Cash and Stock Dividends

Big Bean Counter Lectures        

lecture 1: balance sheets part 1
lecture 2: balance sheets part 2
lecture 3:debits and credits
lecture 4: recording transactions
lecture 5: T-accounts
lecture 6 - the accounting cycle

  Managerial Accounting                                   ◄

Susan Crusson Lectures            

Management Process
Management Process-1 Overview
Management Process-2 Plan
Management Process-3 Perform A
Management Process-4 Perform B
Management Process-5 Evaluate
Management Process-6 Communicate 
Cost Concepts
Cost Concepts-1 Terms
Cost Concepts-2 Income Statements
Cost Concepts-3 Manufacturing Income Statement
Cost Concepts-4 Three Mfg. Inventories
Cost Concepts-5 WIP & OH
Cost Concepts-6 OH 3 Approaches
Cost Concepts-7 OH 4 Steps to Success
Cost Concepts-8 OH Traditional & ABC
Job Order Costing
Job Order Costing- 1 Job & Process
Job Order Costing-2 Cost Flows by T a/c
Job Order Costing-3 Job Order Cost Card
Job Order Costing-4 P6 Sept 1-4
Job Order Costing-5 P6 Sept 8-10
Job Order Costing-6 P6 Sept 15
Job Order Costing-7 P6 Sept 22-27
Job Order Costing-8 P6 September 30A
Job Order Costing-9 P6 Sept 30B
Job Order Costing-10 P6 Sept 30C
Job Order Costing-11 P6 Close OH
Process Costing
Process Costing-1 Cost Flows
Process Costing-2
Process Costing-3 Problem 2 Facts
Process Costing-4 P2 FIFO 1 & 2
Process Costing-5 P2 FIFO 3&4
Process Costing-6 P2 FIFO 5 & Recap
Process Costing-7 P2 Average 1 & 2
Process Costing-8 P2 Average 3 & 4
Process Costing-9 P2 Average 5 & Recap
Process Value Analysis
PVA ABC JIT -1 Overview
PVA ABC JIT-2 PVA
PVA ABC JIT-3 ABC
PVA ABC JIT-4 ABC Example
PVA ABC JIT-5 JIT Philosophy
PVA ABC JIT-6 JIT Types of Time
PVA ABC JIT -7 Evolution of JIT
PVA ABC JIT- 8 JIT Backflushing
PVA ABC JIT -9 JIT Backflushing Example
Cost Behavior
 Cost Behavior -1 Overview
Cost Behavior -2 Cost Behavior Types
Cost Behavior- 3 Estimating Costs
Cost Behavior -4 High Low Example E4
Cost Behavior -5 High Low Example P5
Cost Behavior -6 CVP Income Statement
Cost Behavior -7 CVP Example E8
Cost Behavior -8 Sales Mix Example E10
Budgeting Process
Budgeting Process-1 Overview
Budgeting Process - 2 Sales P6
Budgeting Process - 3 Production P6
Budgeting Process -4 Material Purchases P6
Budgeting Process- 5 Direct Labor P6
Budgeting Process-6 Overhead P6
Budgeting Process-7 SAG Expenses P6
Budgeting Process - 8 COGM P6
Budgeting Process - 9 IS P6
Budgeting Process-10 Cash Budgets E13

     + Accounting Questions- Accounting Questions

Accounting Questions and Answers

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• Introduction to Accounting and its terminology
• Accounting Equation Assets = Equity + Liabilities
• The Double entry system - Debit and Credit
• Book of original entries - Journals or Day books
• Ledger or T Account
• Trial Balance
• Book of original entries - Cash Book
• Bank Reconciliation statement
• Financial statements or Final accounts

Accounting Short Answer Questions

---

• Introduction to Accounting and its terminology
• Accounting Equation Assets = Equity + Liabilities
• The Double entry system - Debit and Credit
• Book of original entries - Journals or Day books
• Ledger or T Account
• Trial Balance
• Book of original entries - Cash Book
• Bank Reconciliation statement
• Adjusting entries - Accruals and prepayments
• Financial statements or Final accounts

     + Find a Job- Find a Job
                                      

Jobs by Type:

Full-time	Permanent	Part-time
Internship	Contract	Temporary
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Construction	Legal	Security
Consulting	Loans	Social Care
Customer Service	Logistics	Telecommunications
Education	Management	Training
Energy	Manufacturing	Transportation
Engineering	Marketing	Travel
Facilities	Mechanical	Volunteering

     + Accounting Courses+ Accounting Courses

CA (Pakistan)
CA (Pakistan)
Entry route for CA
Subjects in CA
Exemptions in CA
Colleges for CA (Pakistan)
FAQs - Frequently asked questions
RECOMMENDED STUDY MATERIAL
MBA and BBA(Hons) degrees for Chartered accountants
CA Foundation syllabus
CA inter syllabus
CA Forum
New Examination policy by ICAP
Free ICAP Handbook for CA students
ACCA
What is ACCA?
Entry requirements for ACCA
ACCA structure

CIMA

What is CIMA? 

Entry requirement for CIMA
CIMA structure

CAT

What is CAT?

Structure of CAT 

ACMA

What is ACMA/FCMA?

Entry requirement for ACMA

Subjects in ACMA

     + Accounting Formulas- Accounting Formulas

ACCOUNTING RATIOS                             Book value per share	BOND VALUATION Bond Equivalent Yield
Capital intensity Ratio	Present value of a bond
Cash Coverage Ratio	Yield to maturity
Cash Ratio	Zero coupon bond yield
Current Ratio	CAPITAL BUDGETING
Days sales in Inventory	Average accounting Return
Days sales in Receivable	Internal rate of return
Debt to Equity Ratio	Modified Internal rate of return
Debt to income Ratio	Net present Value
Dividend payout Ratio	Payback Period
Du Pont Identity	Profitability index (PI)
Earning per Share (EPS)	Return on Investment
Equity Multiplier	STOCK VALUATION
Interest coverage Ratio	Dividend yield Formula
Internal Growth Rate	Dividends per share
Inventory Turnover	Price to Sales Ratio
Market value-Book value	PV of Fixed Dividends share (F)
Payable Turnover Ratio	PV of Fixed Dividends share (P)
Price to earning Ratio	Total Stock Return
Profit Margin	TIME VALUE OF MONEY
Quick Ratio	Compound interest
Receivable turnover Ratio	Continuous Compounding (S)
Retention Ratio	Double Time for continuous compounding
Return on Assets	Effective interest Rate
Return on Equity	Future value of Annuities
Sustainable Growth Rate	Future value of Growing Annuities
Total Asset Turnover	Number of periods
Total Debt Ratio	Perpetuity (PV)
OTHER FORMULAS	Present value of Annuities
Balloon loan Balance	Present value of Growing Annuities
Capital Gain yield	PV of compound interest
Expected Return	Simple interest
Holding period Return	Size of Annuity
Loan to Deposit Ratio	Size of Annuity (PV)
Loan to Value Ratio
Net Working Capital (NWC)
Real Rate of Return (RRR)
Risk Premium
Rule of 72
Tax Equivalent Yield
Weighted Average

      + Financial Calculators- Financial Calculators

19 Mortgage Calculators in ONE Allowance Comparison Auto Loan Payment Back-to-School Budgeting Budgeting for a Baby Building an Education Fund Cost of Credit Emergency Fund Entertainment Planner How Much Car Can You Afford? How Much House Can You Afford?

How Much Will College Cost? How Much Will My Loan Cost? How Will My Savings Grow? Inflation Impact on  Retirement Mortgage Payment Mortgage Refinancing My Bonus After Taxes Needs-Based Allowance Pay Down Debt or Invest? Repaying Student Loans

Retirement Fund Rework Your Budget Salary Conversion Save a Million Saving for a Goal Should I Consolidate My Debt Travel Budgeting Your Gift Log Your Holiday Budget

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