Accounting

  1. The Core Financial Statements
    1. The Income Statement
      1. Purpose and Structure
        1. Revenues
          1. Revenue Recognition Criteria
            1. Types of Revenue
            2. Expenses
              1. Expense Recognition
                1. Types of Expenses
                2. Gains and Losses
                  1. Calculating Net Income or Net Loss
                    1. Single-Step vs. Multi-Step Format
                      1. Gross Profit
                        1. Operating Income
                          1. Non-Operating Items
                          2. Earnings Per Share
                          3. The Statement of Retained Earnings
                            1. Purpose and Structure
                              1. Beginning Retained Earnings
                                1. Add: Net Income
                                  1. Less: Dividends
                                    1. Ending Retained Earnings
                                      1. Other Changes in Equity
                                        1. Prior Period Adjustments
                                        2. The Balance Sheet
                                          1. Purpose and Structure
                                            1. Classified Balance Sheet Format
                                              1. Current vs. Non-Current Items
                                                1. Liquidity Ordering
                                                2. Assets
                                                  1. Current Assets
                                                    1. Cash and Cash Equivalents
                                                      1. Short-Term Investments
                                                        1. Accounts Receivable
                                                          1. Inventory
                                                            1. Prepaid Expenses
                                                            2. Long-Term Investments
                                                              1. Property, Plant, and Equipment
                                                                1. Land
                                                                  1. Buildings
                                                                    1. Equipment
                                                                      1. Accumulated Depreciation
                                                                      2. Intangible Assets
                                                                        1. Patents
                                                                          1. Copyrights
                                                                            1. Goodwill
                                                                          2. Liabilities
                                                                            1. Current Liabilities
                                                                              1. Accounts Payable
                                                                                1. Short-Term Debt
                                                                                  1. Accrued Liabilities
                                                                                    1. Unearned Revenue
                                                                                    2. Long-Term Liabilities
                                                                                      1. Bonds Payable
                                                                                        1. Mortgages Payable
                                                                                          1. Long-Term Notes Payable
                                                                                        2. Stockholders' Equity
                                                                                          1. Retained Earnings
                                                                                            1. Treasury Stock
                                                                                              1. Other Comprehensive Income
                                                                                            2. The Statement of Cash Flows
                                                                                              1. Purpose and Structure
                                                                                                1. Operating Activities
                                                                                                  1. Direct Method
                                                                                                    1. Indirect Method
                                                                                                      1. Cash from Operations
                                                                                                      2. Investing Activities
                                                                                                        1. Asset Purchases and Sales
                                                                                                          1. Investment Transactions
                                                                                                          2. Financing Activities
                                                                                                            1. Debt Transactions
                                                                                                              1. Equity Transactions
                                                                                                                1. Dividend Payments
                                                                                                                2. Non-cash Investing and Financing Activities
                                                                                                                  1. Reconciliation of Net Income to Cash Flow
                                                                                                                    1. Cash Flow Analysis

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                                                                                                                  4. The Accounting Cycle

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                                                                                                                  6. Accounting for Assets