Accounting Instruction, Help, & How To - Bob Steele

Accounting for governmental and not for profit entities including an introduction of what government and not for profit entities are and starting off with a comparison with for-profit industries. Both...

The banking system, definition of money,, and how money is created in the banking system. The post MA1200 Banks, Money And The Financial Sector appeared first on Accounting Instruction, Help, & How To...

Inflation, – How to calculate using index, relationship between inflation and unemployment using the Phillips Curve, and discussion of what drives inflation. The post MI1800 Inflation – Calculation & ...

Fiscal policy including tax and government spending. Discussion of the history and debate over fiscal policy The post EA1600 Fiscal Policy appeared first on Accounting Instruction, Help, & How To (Fin...

Monetary policy used by the federal reserve to influence the economy in times of a recessionary or inflationary gap. The post EA1300.10 Monetary Policy appeared first on Accounting Instruction, Help, ...

Keynesian short run or demand model includes business cycles aggregate demand, short term aggregate supply, and long term aggregate supply. The basis for monetary and fiscal policy recommendations. Th...

Classical model, long run, growth or supply-side, discussing the model most economists held before the 1930 and that has had some concepts come back since the 1970s. The post EA10,000.10 Classical Mod...

Economic history of macro economics introducing classical economics, Keynesian economics and the business cycle. The post EA600.10 Economic History Classical And Keynesian, Short Term, Long Term appea...

Gross domestic product GDP, basic macro economic accounting term measuring performance, including C Consumption + I Income + G Government Spending + Net exports (exports – imports). The post EA700.10 ...

Market problems including externalities, public goods, and uneven information including pros and cons of government intervention for these market problems. The post EA800.10 Market Problems – Governme...

Economic concept of elasticity crucial economic concept in many economic models, applied to elastic of demand and elasticity of supply. The post EA400.10 Elasticity appeared first on Accounting Instru...

Economic core concepts of supply, demand & equilibrium including movement along supply and demand curve, shit in supply and demand curve, and discussion of market based economy & centrally planned eco...

Economic topic of production possibility frontier & comparative advantage are core principles in economics, demonstrating the use of models and concepts of scarcity, opportunity cost, and trade-offs i...

Equivalent units calculation in process cost system to allocate direct material and conversion costs, direct labor & overhead, to proper process in process costs system. The post 2000.20 Equivalent Un...

Process cost system defined for manufacturing company including calculation of cost of goods manufactured and cost of goods sold, journal entries related to the process cost system, recording of journ...

Job cost system defined for manufacturing company including calculation of job cost report, journal entries related to the job cost system, recording of journal entries to general ledger, and effect o...

Economics introduction of what economics is and why learn economics, defining economics, exploring economic terms including micro economics and macroeconomics The post EA100.10 Economics It€“ What Is ...

Statement of cash flow, a financial statement showing the inflow and outflow of cash using 3 categories, operating, investing, and financing. The post 1600.20 Statement of Cash Flows appeared first on...

Issue of bonds at a discount, interest payment calculation, discount amortization on a straight line method, and related journal entries. The post 1400.20 Bond Issued at Discount & Interest Payments a...

Treasury stock issuance and sale, defining treasuring stock & recording related journal entries to trail balance accounts The post 1300.20 Treasury Stock appeared first on Accounting Instruction, Help...

Partnership, new partner added – related journal entries an impact on existing partner capital accounts. The post 1200.40 Partnership-New Partner Added appeared first on Accounting Instruction, Help, ...

Partners leaving a partnership selling interest to new partner or to partnership, related journal entries, and effect on partner capital accounts. The post 1200.30 Partnership – Sale of Partnership In...

Partnership net income allocation to partners & closing process for a a partnership, closing net income to partner capital accounts and draws to partner capital accounts. The post 1200.20 Partnership ...

Depreciation calculation-straight line method, double declining balance method, units of production method-journal entries to trial balance & comparison of net income, depreciation expense, and accumu...

Allowance Method used to estimate account receivable balance not collectible, journalize bad debt expense and record allowance for doubtful accounts. The post 900.10 Allowance Method Accounts Receivab...

Bank reconciliation, using bank statement to generate bank reconciliation and journal entry adjustments needed in the process. The post 800.10 Bank Reconciliation appeared first on Accounting Instruct...

Subsidiary ledgers for accounts receivable and accounts payable recording activity by costumer and vendor rather then date done on the general ledger. The post 700.20 Subsidiary Ledgers – Accounts Rec...

Inventory methods, Fist in first out (FIFO), Last in last out, (LIFO), and average calculation and comparison.v The post 600.30 Inventory Methods – First In First Out (FIFO), Last In First Out (LIFO),...

Merchandising financial statements including multiple step income statement and accounts related to inventory. The post 500.30 Merchandising Financial Statement Creation from Adjusted Trial Balance ap...

Merchandising transactions adding transactions related to inventory and accounts related to inventory, cost of good sold (COGS), sales discount, purchase discount. . . The post 500.20 Merchandising Tr...

Closing entries journal entries to close out temporary accounts, including all income statement account, to equity accounts. The post 400.10 Closing Entries 2 Step And 4 Step Process appeared first on...

Adjusting entry transaction, journal entries at the end of the accounting period to adjust account to accrual basis as of the date of financial statements. The post 300.30 Financial Statement Creation...

Adjusting entries as of the end of a period, needed to put trail balance on accrual bases as of the date financial statement well be prepared. The post 300.10 Adjusting Entry Transactions appeared fir...

Recording normal business transactions related to cash, accounts receivable, and accounts payable, using debits and credit, discussing the effect on the accounting equation of assets liabilities and e...

Audit reports including standard unqualified report and variations including qualified report The post 56805 – Audit Reports, Audit Completion appeared first on Accounting Instruction, Help, & How To ...

Audit of cash and financial investments including cash equivalents, stocks, and bonds The post 56605-Audit- Cash & Financial Investments appeared first on Accounting Instruction, Help, & How To (Finan...

Audit of long term liabilities, Stockholder’s Equity, and the income statement including internal controls and substantive tests The post 56505-Audit-Long Term Liabilities, Stockholders’ Equity, Incom...

Audit of property plant & equipment, prepaid assets, and intangible assets including internal controls and substantive tests The post 56405 – Audit – Property Plant & Equipment, Prepaid Assets, Intang...

Audit of inventory including controls and substantive testing The post 56305 – Auditing The Inventory Process appeared first on Accounting Instruction, Help, & How To (Financial & Managerial)....

Audit of the payroll process including internal controls and duties to be segregated. The post 56205 – Audit – Payroll Process appeared first on Accounting Instruction, Help, & How To (Financial & Man...

Auditing the purchasing process including accounts payable and expenses, assets, and inventory related to the purchasing process. The post 56105 – Audit – Purchasing Process appeared first on Accounti...

Audit testing of revenue process. The post 56005 – Auditing – Revenue Process appeared first on Accounting Instruction, Help, & How To (Financial & Managerial)....

Audit sampling is necessary because we cannot test all transaction in the audit process and must use sampling in order to make a determination about many audit assertions The post 55805 – Audit Sampli...

Internals are a critical part of the audit process and a critical part of the running of an organization. The post 55605 – Audit – Internal Controls appeared first on Accounting Instruction, Help, & H...

Explain the function of audit evidence, describe management assertions about transactions, account balances and disclosures, list procedures to obtain audit evidence and describe reliability of audit ...

Audit risk assessment includes, analyzing what audit risk is, audit risk assessment process, analysis of how to act on audit risk results, & documentation of audit risk assessment. The post 55405 Audi...

Audit planning stage – list steps involved int the preliminary engagement, explain information included in and engagement letter, explain the steps in planning an audit, describe immateriality & it’s ...

Audit environment – Types of auditory, list attest and assurance services, describe the organizational structure of an accounting firm, and explain the need for audit standards. The post 55205 – Audit...

Auditing 101 introduction; audit defined, attestation defined, assurance services defined. Explanation on why audits are important, outline of the audit process. The post 55005-Auditing, Attest, & Ass...

Managerial accounting situation designed to highlight common problems in managerial decisions and formal process to make decisions. Included discussion of relevant costs and benefits. Scenarios includ...