Category: Accounting Tutoring Lab

https://vimeo.com/356749706 Falene Young talks about the accounting equation in this accounting tutoring lab. Assets=liabilities+Stockholder’s Equity is the basis for all accounting, meaning that the equation…

https://vimeo.com/356749630 Falene Young talks about recording transactions on a tabular summary. Firstly, you must use the assets=liabilities+stockholders’ Equity in this accounting tutoring lab.

https://vimeo.com/356749538 Falene Young talks about FIFO and LIFO which are two types of inventory valuation methods. This clip is from the accounting tutoring lab.

https://vimeo.com/356749440 Falene Young talks about how to dispose of an asset in this accounting tutoring lab clip. It starts with acquiring an asset, the asset…

https://vimeo.com/356749233 Falene Young talks about cost classification in this accounting tutoring lab clip. She talks about what a manufacturing company is, the flow of inventory,…

https://vimeo.com/356749124 Falene Young talks about converting between net income and net cash flows. In this clip, she talks about the payback method, net present value…

https://vimeo.com/356748977 Falene Young talks about bank reconciliations in this accounting tutoring lab clip. The goal of a bank reconciliation is to figure out the cash…

https://vimeo.com/356748536 Falene Young talks about backing into inventory and budget balanced using the golden equation. This clip is from the accounting tutoring lab.

https://vimeo.com/356748370 Falene Young talks about accruals and deferrals which all the hallmark of accrual accounting. This is used a lot in financial accounting, from cash…