Managerial & Financial Accounting & Reporting

Understanding the basic concepts of managerial accounting, financial accounting, and company reporting.

• Business Accounting (Book & Tax) - Explained
• Debt to Income Ratio - Explained
• Dividends - Explained
• Days Inventory Outstanding - Explained
• Days Payable Outstanding - Explained
• Days Sales Outstanding - Explained
• Debt Coverage Ratio - Explained
• Double Entry Accounting System - Explained
• Last-in-First-Out (LIFO) - Explained
• Emerging Issues Task Force - Explained
• Yellow Book (Auditing Standards) - Explained
• Return on Assets - Explained
• Recast Financial Statements - Explained
• Capital Asset - Explained
• Net Income - Explained
• Nominal Rate of Return - Explained
• Net Book Value - Explained
• Net Cash Flow - Explained
• Normalized Financial Statements - Explained
• Cash and Accrual Method Accounting - Explained
• Activity Based Costing (Accounting) - Explained
• Accounts Receivable - Explained
• Quick Ratio (Acid-Test Ratio) - Explained
• Activity-Based Budgeting - Explained
• Accounting Conservatism - Explained
• Accounts Payable - Explained
• Above the Line Costs - Explained
• Asset Turnover Ratio - Explained
• Associate of Chartered Institute of Management Accountants - Explained
• Book Value (Assets) - Explained
• Book-To-Market Ratio - Explained
• Bank Reconciliation - Explained
• Comfort Letter - Explained
• Break-Even Analysis - Explained
• Book to Bill Ratio - Explained
• Backflush Costing - Explained
• Capital Gain - Explained
• Certified Public Accountant (CPA) - Explained
• Certified Managerial Accountant (CMA) - Explained
• Chart of Accounts - Explained
• Charge Off - Explained
• Carrying Cost of Inventory - Explained
• Certified Internal Auditor - Explained
• Generally Accepted Auditing Standards - Explained
• Generally Recognized Accounting Practices - Explained
• Accounting Journal - Explained
• Journal Entry (Accounting) - Explained
• International Accounting Standards Board - Explained
• General Ledger - Explained
• Life Cycle Costing - Explained
• Independence Standard Board - Explained
• Other Comprehensive Basis of Accounting (OCBOA) - Explained
• International Accounting Standards Committee - Explained
• Paid in Capital - Explained
• Accelerated Cost Recovery System (ACRS) - Explained
• Push Down Accounting - Explained
• Public Company Accounting Oversight Board - Explained
• Amortized Costs (Financial Assets) - Explained
• Auditor's Report - Explained
• Auditing Standards Board - Explained
• Trailing Twelve Months - Explained
• Transfer Price - Explained
• Timing of Tests of Controls - Explained
• Trial Balance - Explained
• Pro Forma - Explained
• Uniform Accounting Act - Explained
• T Account - Explained
• Capital Reserve - Explained
• Cash Conversion Cycle - Explained
• Cost of Goods Sold - Explained
• Cash Flow - Explained
• Generally Accepted Accounting Principles (GAAP) - Explained
• Mark to Market - Explained
• Financial Accounting Standards Board - Explained
• First In - First Out (FIFO) - Explained
• Profit Margin - Explained
• International Financial Reporting Standards (IFRS) - Explained
• Absorption Pricing - Explained
• Book of Original Entry - Explained
• Batch Level Allocation - Explained
• Retained Earnings (Accounting) - Explained
• Accumulated Fund - Explained
• Adjusted Book Value - Explained
• Accumulated Adjustment Account - Explained
• National Association of Accountants - Explained
• Accounting Standards Board - Explained
• Accrual Principle - Explained
• Imputed Value - Explained
• Imputed Cost (Implicit Cost) - Explained
• Impaired Asset - Explained
• Financial Statement Footnotes - Explained
• Fixed Asset - Explained
• Additional Paid in Capital - Explained
• Walk Through Test - Explained
• Income Statement (P&L Statement) - Explained
• Accountant's Letter (Opinion) - Explained
• Debit vs Credit (Accounting) - Explained
• Fair Value - Explained
• Gain (Taxation) - Explained
• General Depreciation System - Explained
• Net Operating Income - Explained
• Managerial Accounting - Explained
• Certified Financial Statement - Explained
• Certified Fraud Examiner - Explained
• Write-Down Value - Explained
• Operating Cash Flow Ratio (Cash Ratio) - Explained
• Operating Income - Explained
• American Institute of Public Accountants (AICPA) - Explained
• Annual Report - Explained
• Adjusted Gross Income - Explained
• Gross Margin - Explained
• Gross Profit - Explained
• Residual Value - Explained
• Contra Account - Explained
• Contributed Capital - Explained
• Balance Sheet - Explained
• Shareholder's Equity - Explained
• Working Ratio - Explained
• Unpaid Dividend (Dividend Payable) - Explained
• Account Receivable Turnover (Accounting) - Explained
• Auditing - Explained
• Common Size Financial Statement - Explained
• Big Four (Accounting Firm) - Explained
• Forensic Accounting - Explained
• Current Liabilities - Explained
• Financial Statement Analysis - Explained
• Accrued Dividend (Accumulated Dividend) - Explained
• Absorption Variance - Explained
• Absorption Costing & Variable Costing - Explained
• Accounting Standard - Explained
• Accounting Theory - Explained
• Accounting Valuation - Explained
• Accounts Payable Subsidiary Ledger - Explained
• Accounts Payable Turnover Ratio - Explained
• Overhead - Explained
• Long-Term Asset - Explained
• Accounting Cycle - Explained
• Accounting Profit - Explained
• Accounting Equation - Explained
• Equity Method vs Consolidation Method (Accounting) - Explained
• Accounting Principles Board - Explained
• Unit of Production Method (Depreciation) - Explained
• Traveling Auditor - Explained
• Unit Variable Cost - Explained
• Accounts Receivable Subsidiary Ledger - Explained
• Accounting Convention - Explained
• Accounting Insolvency - Explained
• Accounting Interpretation - Explained
• Accountants' Index - Explained
• Adjunct Account - Explained
• Activity Driver Analysis - Explained
• Accounting Research Bulletin - Explained
• Accounting Series Releases - Explained
• Academy of Accounting Historians - Explained
• Absorbed Account - Explained
• Nominal Value - Explained
• Capital Appreciation - Explained
• Straight Line Method (Depreciation) - Explained
• Gross Income - Explained
• Goodwill - Explained
• Comptroller - Explained
• Forensic Audit - Explained
• Unrealized Gain - Explained
• Unrealized Loss (Securities) - Explained
• Useful Life (Asset) - Explained
• Controller - Explained
• Retained Cash Flow - Explained
• Per Share Basis - Explained
• Associate in Premium Auditing - Explained
• Net Operating Loss - Explained
• Liquidity (Accounting) - Explained
• Liquidity Ratio - Explained
• Fiscal Year - Explained
• Completed Contract Method - Explained
• Bad Debt and Doubtful Accounts - Explained
• American Accounting Association - Explained
• Qualified Opinion (Auditor) - Explained
• Net Dollar Retention - Explained
• Statement of Retained Earnings - Explained
• Depreciation, Depletion, and Amortization - Explained
• Diluted Earnings Per Share - Explained
• Product vs Period Costs (Accounting) - Explained
• Internal Controls (Accounting) - Explained
• Association of Certified Fraud Examiners - Explained
• Association of Government Accountants - Explained
• Cost Accounting - Explained
• Plowback Ratio - Explained
• Capital Maintenance - Explained
• Chartered Accountant (UK) - Explained
• Current Assets (Quick Assets) - Explained
• After Tax Profit Margin - Explained
• Indirect Method (Accounting) - Explained
• Net Receivables - Explained
• Expanded Accounting Equation - Explained
• Internal Audit - Explained
• Installment Sale Method (Accounting) - Explained
• Property, Plant, and Equipment - Explained
• Billing Cycle - Explained
• Lower of Cost or Market Method - Explained
• Asset Coverage Ratio - Explained
• Institute of Management Accountants - Explained
• Times Interest Earned - Explained
• Principles Based Accounting Standards - Explained
• Modified Cash Basis - Explained
• Leverage Ratio- Explained
• Horizontal Analysis - Explained
• Unqualified Audit - Explained
• Unqualified Opinion - Explained
• Overhead Allocation Rate (Accounting) - Explained
• Coverage Ratio - Explained
• Irrelevant Cost (Accounting) - Explained
• Percentage of Completion Method - Explained
• Black Box Accounting - Explained
• Business Interest Expense - Explained
• Appraisal Method of Depreciation - Explained
• Residual Equity Theory - Explained
• Piecemeal Opinion - Explained
• Berry Ratio - Explained
• Unearned Income - Explained
• Form 8K - Explained
• Financial Restatement - Explained
• Consolidated Financial Statements - Explained
• Financial Accounting – Explained
• Users of Accounting Information - Explained
• Accounting Assumptions - Explained
• Going Concern Assumption – Financial Accounting
• Monetary Unit Assumption – Financial Accounting
• Time Period Assumption – Financial Accounting
• Business Entity Assumption – Financial Accounting
• Accounting Constraints - Explained
• Financial Statements - Explained
• Revenue (Accounting) - Explained
• Expenses - Explained
• Analysis of Financial Statement - Example Part 1
• Analysis of Financial Statement - Example Part 2
• Assets (Accounting) - Explained
• Liabilities (Accounting) - Explained
• Statement Cash Flow - Explained
• Accounts (Financial Accounting) - Explained
• How to Process Transactions (Accounting)
• Going Concern Assumption - Accounting
• Accounting Adjustments - Explained
• Deferred Expense (Accounting) - Explained
• Accrued Expense (Accounting) - Explained
• Accrued Revenue (Accounting) - Explained
• Adjusted Trial Balance - Explained
• The Closing Process (Accounting) - Explained
• Merchandising Businesses (Accounting) - Explained
• Recognizing Inventory Sales (Accounting) - Explained
• Special Transactions in Inventory (Accounting) - Explained
• Adjustments for Lost or Stolen Inventory (Accounting) - Explained
• Multi-Step Income Statement (Accounting) - Explained
• Specific Identification Method of Inventory Accounting - Explained
• Weighted Average Inventory Accounting - Explained
• Effect of Inflation and Deflation on Inventory (Accounting) - Explained
• Choosing an Inventory Accounting Method - Explained
• Tax Consideration for Inventory Accounting - Explained
• Internal Controls for Inventory Accounting - Explained
• Cash Management (Accounting) - Explained
• Internal Controls for Bank Activities (Accounting) - Explained
• Allowance Method vs Direct Writeoff Method (Accounts Receivable) - Explained
• Accounting for Notes Receivable - Explained
• Reporting Depreciation for Tax Purposes (MACRS) - Explained
• Account for Changing Depreciation Estimates - Explained
• Notes Payable (Accounting) - Explained
• Payroll Liabilities (Accounting) - Explained
• Estimated Liabilities for Warranties (Accounting) - Explained
• Contingent Liabilities (Accounting) - Explained
• Creating Financial Statements from Transactions - Explained
• T Account and Trial Balance - Example 1
• T Account and Trial Balance - Example 2
• Accounting Cycle for a Merchandising Business - Part 1
• Accounting Cycle for a Merchandising Business - Part 2
• Accounting Cycle for a Merchandising Business - Part 3
• Specific Identification of Inventory - Example
• Shrinkage (Inventory) - Explained
• Do It Right the First Time (DRIFT) - Explained
• Intermittent Purchase and Sell of Inventory (Accounting) - Explained
• Example of the Closing Process - Explained
• Completing Accounting Cycle - Financial Statements
• Fixed vs Variable Cost - Explained
• Recording Product Costs in the Financial Statements
• Value for Money Audit - Explained
• Job Costing vs Process Costing (Accounting) - Explained
• Job Costing - Direct Material and Labor Costs - Explained
• Job Costing - Assign Overhead Costs - Explained
• Assign Overhead Costs to Products
• Plantwide Allocation of Overhead Costs - Explained
• Department Allocation of Overhead Costs - Explained
• Weighted Average Product Cost - Explained
• Production Cost Report - Explained
• Contribution Margin Income Statement - Explained
• Cost - Volume - Profit Analysis - Explained
• Margin of Safety - Explained
• Contribution Margin per Unit of Constraint - Explained
• Differential Analysis (Accounting) - Explained
• Joint Products and Joint Costs - Explained
• Budgeting - Explained
• Standard Costs (Accounting) - Explained
• Variance Analysis (Product Costs) - Explained
• Responsibility Center - Explained
• Segmented Income - Explained
• Residual Income (Evaluate Performance) - Explained
• Capital Expenditure Ratio - Explained
• Profitability Ratios - Explained
• Current Ratio (Working Capital Ratio) - Explained
• Key Management Accounting Personnel - Explained
• Debt to Equity Ratio - Explained
• Attestation (Auditing) - Explained
• Assurance Services (Auditing) - Explained
• Auditing, Attestation, and Assurance Services (Explained)
• Public Accounting - Explained
• External Audit - Explained
• Fundamental Principles of Auditing - Explained
• Audit Engagement Steps - Explained
• Audit Pre-Engagement Activities - Explained
• Engagement Letter - Explained
• Predecessor Auditor Communications - Explained
• Manager's Assertions (Audit) - Explained
• PCAOB vs ASB Assertions - Explained
• Single Report vs Combined Report (Audit) - Explained
• Going Concern (Audit) - Explained
• Revenue and Collection Cycle (Audit) - Explained
• Acquisition and Expenditure Cycle - Explained
• Production Cycle (Audit) - Explained
• Finance and Investment Cycle - Explained
• Internal Controls (Audit) - Explained
• Components of Internal Controls (Audit) - Explained
• Internal Control Evaluation - Explained
• Tests of Controls (Audit) - Explained
• Substantive Tests (Audit) - Explained
• Bank Confirmations (Audit) - Explained
• Accounts Receivable Confirmations (Audit) - Explained
• Attorney Letters (Audit) - Explained
• Contingencies (Audit) - Explained
• Tracing vs Vouching (Audit) - Explained
• Sampling (Audit) - Explained
• Audit Workpapers - Explained
• Termination Letter (Audit) - Explained
• What are the Roles of Audit Team Members?
• Auditor Independence - Explained
• Audit Committee - Explained
• Section 302 of Sarbanes Oxley (Audit) - Explained
• Section 404 of Sarbanes Oxley (Audit) - Explained
• Audit Reviews - Explained
• Compilations (Audit) - Explained
• Independent Audit - Explained