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Introduction
What does an accountant do?
Arrive at the office
Customer relationship management software - Canopy
Accounting skills
Tax software support call
Accounting software
Lunch
Education for an accountant
Tax client meeting
The accounting field at a glance
Bookkeeping review
Dealing with burnout
Long-term goals
Coursework to maintain your license
Wrapping up work
Time with husband
Accounting career advice
Module 1: The Financial Statements
Module 2: Journal Entries
Module 3: Adjusting Journal Entries
Module 4: Cash and Bank Reconciliations
Module 5: Receivables
Module 6: Inventory and Sales Discounts
Module 7: Inventory - FIFO, LIFO, Weighted Average
Module 8: Depreciation
Module 9: Liabilities
Module 10: Shareholders' Equity
Module 11: Cash Flow Statement
Module 12: Financial Statement Analysis
Intro
The Accounting Cycle
Debits & Credits
Why Debits & Credits Aren't Backwards
Journal Entries
What is an Invoice?
What are Liabilities?
What is Equity?
The Accrual Method of Accounting
Revenue Recognition Principle
My #1 Accounting Hack
Debits & Credits Practice Questions
The Trial Balance
Prepaid Expenses
Deferred Revenue
Accrued Revenue
Depreciation
Income Statement
How to Make an Income Statement
How to Make a Balance Sheet
Trial Balance vs Balance Sheet
Direct Method Cash Flow Statement
Indirect Method Cash Flow Statement
The Key to Understanding Financial Statements
Outro
Intro
What is Financial Accounting?
STEP 2: PREPARE JOURNAL ENTRIES
What is a Journal Entry?
What is Double Entry Accounting?
What is the Accounting Equation?
What is the General Ledger?
Posting to Accounts
The 6 Types of Account - Assets, Liabilities, Equity, Revenue, Expenses & Dividends
What are T-Accounts?
STEP 4: UNADJUSTED TRIAL BALANCE
What is a Trial Balance?
Why is it called Trial Balance?
What are Adjusting Entries?
IFRS vs GAAP
Adjusting Entries Example
STEP 6: ADJUSTED TRIAL BALANCE
What are Financial Statements?
What are the three types of Financial Statements?
What is the Income Statement?
Profit vs Cash Flow
Who would use Financial Statements?
STEP 8: POST CLOSING ENTRIES
Closing Entries Example
THE ACCOUNTING CYCLE
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2023/02/03