Course: Introduction to Financial Accounting

Adjusting entries are accounting journal entries that convert a company’s accounting records to the accrual basis of accounting. An adjusting journal entry is typically made just prior to issuing a …

Depreciation and amortization are used to allocate the cost of buying a long-term asset to its useful life. However, there exists different methods to carry out the depreciation system. In …

These last three steps are really one whole activity. Once you have attempted to answer the prior poll (what is the profit/loss) MediaMax realized? you want to make sure to …

A fundamental role of accounting is identifying revenues and expenses. These differ from cash inflows and cash outflow and this is a key threshold concept in accounting. Think about the …

We ended the previous week by reviewing and summarizing all the (stand-alone) transactions a company engaged throughout the year. But… do they mean anything as stand-alone? How can we get …

In this video we will lay down the foundations of the financial reporting process that involves multiple parties. We take a view from the top and discuss who is in …

This video complements the previous one on how companies engage with transactions and how they account for them!

Companies engage in several types of transactions, from raising funds – through equity and debt – to making investments or purchasing goods or services and – hopefully – selling products …

Amedeo Pugliese teaches introduction to financial accounting courses since 2007. Beyond teaching, his research interests span across company disclosure and corporate governance. Anna Alexander teaches financial accounting both at the …

The Hook Financial information is always in the news. In fact, we hear about companies’ performance, profitability and liquidity. I guess you have many questions that are still with no …