Current Liabilities
Current liabilities are debts that are due in one year or less. [Read more…] about Current Liabilities 1: Intro to Current Liabilities
Current Liabilities 1: Intro to Current Liabilities
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Long Term Assets 5: Double Declining Balance Method
Double Declining Balance Depreciation
This video teaches the double declining balance method of calculating depreciation. It is an accelerated depreciation method that will have higher depreciation at the beginning than the straight line method. [Read more…] about Long Term Assets 5: Double Declining Balance Method
Long Term Assets 4: Units of Production Depreciation
Units of Production Depreciation
This video is about the units of production depreciation method. [Read more…] about Long Term Assets 4: Units of Production Depreciation
Long Term Assets 3: Straight Line Depreciation
Straight Line Depreciation
This video is about the most common depreciation method: straight line. This video [Read more…] about Long Term Assets 3: Straight Line Depreciation
Long Term Assets 2: Intro to Depreciation
Depreciation in accounting is allocating the cost of a plant asset. It is not an estimate of the asset’s cost. [Read more…] about Long Term Assets 2: Intro to Depreciation
Long Term Assets 1: Introduction
Long term assets have 3 categories:
Plant assets Plant assets include land, buildings, equipment, machinery, cars, furniture, and other long term assets. [Read more…] about Long Term Assets 1: Introduction
5 Basic Accounts in Every Financial Statement
Every financial statement includes five basic accounts. These accounts are the basic building blocks of the financial statements. These statements show the financial position of the company and its performance. To understand the financial statements, you need to know these basic accounts. [Read more…] about 5 Basic Accounts in Every Financial Statement
Top 5 Places to Learn Microsoft Excel for Free
Microsoft Excel is the universal business tool. It is the multitasking tool that everyone can use. Excel skill is a basic requirement in most business settings. Here is my list of top 5 places where I have learned Excel for free. [Read more…] about Top 5 Places to Learn Microsoft Excel for Free
Financial Statements: A Beginner’s Guide
Financial statements are everywhere. Sometimes reading them and understanding them seem impossible. Does it ever seem like financial statements are in a foreign language? If you said yes, well, you are right. [Read more…] about Financial Statements: A Beginner’s Guide