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IGTC01AF - Accounting Foundations Understanding the Accounting Cycle and Accrual-Basis Accounting (EN)
01 - Introduction
01 - Why master the accrual basis and the accounting cycle (1:31)
02 - 1. Accrual Basis Accounting
01 - Overview of accrual basis accounting (3:10)
02 - Accrual vs. cash basis accounting (5:00)
03 - Revenue recognition (4:58)
04 - Expense recognition (2:32)
05 - Use of estimates in accrual basis accounting (2:42)
03 - 2. The Accounting Cycle
01 - Overview of the accounting cycle (4:08)
02 - Identify and record a transaction (5:49)
03 - Post to the general ledger and prepare an unadjusted trial balance (6:15)
04 - Prepare the adjusting entries and prepare an adjusted trial balance (6:54)
05 - Create financial statements (5:37)
06 - Close temporary accounts (3:16)
04 - 3. Practice the Accounting Cycle Using Accrual Basis Accounting
02 - Recording an expense on account (2:09)
01 - Recording a sale on account (3:50)
03 - Recording a purchase on account (2:51)
04 - Recording income tax expense (2:57)
05 - Recording deferred revenue (3:46)
06 - Recording a prepaid expense (6:32)
05 - 4. A Look at Accrual Basis Financial Statements
01 - Income statement impacts (4:25)
02 - Balance sheet impacts (3:12)
03 - Statement of cash flows impacts (7:37)
06 - Conclusion
01 - Develop an accrual-based decision-making mindset (1:35)
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Ex_Files_Accounting_Foundations_Understanding_Cycle
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04 - Recording income tax expense
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