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Retail Inventory Method FIFO Retail Approach

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Lesson extensions

Lessons List | 78 Lesson
Petty Cash Fund Imprest Fund System
00:08:06

Petty Cash Fund Imprest Fund System
Journal Entries Imprest Fund System
00:22:43

Journal Entries Imprest Fund System
Petty Cash Fund Fluctuating Fund System
00:08:49

Petty Cash Fund Fluctuating Fund System
Cash and Cash Equivalents Part 1
00:13:33

Cash and Cash Equivalents Part 1
Cash and Cash Equivalents Part 2
00:19:45

Cash and Cash Equivalents Part 2
Problem Solving Cash and Cash Equivalents Part 1
00:26:57

Problem Solving Cash and Cash Equivalents Part 1
Problem Solving Cash and Cash Equivalents Part 2
00:19:30

Problem Solving Cash and Cash Equivalents Part 2
Bank Reconciliation Part 1
00:15:25

Bank Reconciliation Part 1
Bank Reconciliation Part 2
00:17:27

Bank Reconciliation Part 2
Problem Solving Bank Reconciliation Adjusted Balance Method
00:15:00

Problem Solving Bank Reconciliation Adjusted Balance Method
Application of Bank Reconciliation Bank to Book and Book to Bank Method
00:13:27

Application of Bank Reconciliation Bank to Book and Book to Bank Method
Bank Reconciliation with Adjusting Entries with Book Error
00:24:51

Bank Reconciliation with Adjusting Entries with Book Error
Bank Reconciliation with Bank Error Part 1
00:18:46

Bank Reconciliation with Bank Error Part 1
Bank Reconciliation with Bank Error Part 2
00:10:09

Bank Reconciliation with Bank Error Part 2
Proof of Cash Two Date Bank Reconciliation
00:09:49

Proof of Cash Two Date Bank Reconciliation
Proof of Cash Two Date Bank Reconciliation Application
00:25:21

Proof of Cash Two Date Bank Reconciliation Application
Proof of Cash Adjusted Balance Method Part 1
00:18:53

Proof of Cash Adjusted Balance Method Part 1
Proof of Cash Adjusted Balance Method Part 2
00:18:56

Proof of Cash Adjusted Balance Method Part 2
Accounts Receivable Overview
00:14:22

Accounts Receivable Overview
Accounts Receivable Accounting for Freight Costs Shipping Costs
00:19:34

Accounts Receivable Accounting for Freight Costs Shipping Costs
Accounts Receivable Gross Method and Net Method
00:21:22

Accounts Receivable Gross Method and Net Method
Accounting for Bad Debts Doubtful Accounts Allowance Method
00:25:59

Accounting for Bad Debts Doubtful Accounts Allowance Method
Notes Receivable Overview
00:07:50

Notes Receivable Overview
Accounting for Long Term Notes Receivable Interest Bearing
00:13:14

Accounting for Long Term Notes Receivable Interest Bearing
Accounting for Long Term Notes Receivable Noninterest Bearing Part 1
00:11:24

Accounting for Long Term Notes Receivable Noninterest Bearing Part 1
Accounting for Long Term Notes Receivable Noninterest Bearing Part 2
00:18:22

Accounting for Long Term Notes Receivable Noninterest Bearing Part 2
Accounting for Loan Receivable Part 1
00:24:32

Accounting for Loan Receivable Part 1
Accounting for Loan Receivable Part 2
00:13:54

Accounting for Loan Receivable Part 2
Impairment of Loan Receivable Overview
00:06:54

Impairment of Loan Receivable Overview
Accounting for Impairment of Loan Receivable
00:25:37

Accounting for Impairment of Loan Receivable
Receivable Financing Overview
00:09:12

Receivable Financing Overview
Assignment of Accounts Receivable Nonnotification basis
00:13:12

Assignment of Accounts Receivable Nonnotification basis
Factoring of Accounts Receivable Casual Factoring
00:09:25

Factoring of Accounts Receivable Casual Factoring
Review of Selected Accounting Topics Factoring of Accounts Receivable
00:20:18

Review of Selected Accounting Topics Factoring of Accounts Receivable
Receivable Financing Endorsement of Notes Receivable With Recourse and Without Recourse
00:21:34

Receivable Financing Endorsement of Notes Receivable With Recourse and Without Recourse
Receivable Financing Discounting of Note Receivable Without Recourse
00:20:16

Receivable Financing Discounting of Note Receivable Without Recourse
Discounting of Note Receivable With Recourse Conditional Sale Recognizing a Contingent Liability
00:42:24

Discounting of Note Receivable With Recourse Conditional Sale Recognizing a Contingent Liability
Discounting of Note Receivable With Recourse Secured Borrowing
00:13:26

Discounting of Note Receivable With Recourse Secured Borrowing
Inventories
00:22:17

Inventories
PAS 2 Inventories Cost of Inventories
00:17:25

PAS 2 Inventories Cost of Inventories
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Course Description

Income statement essentials course, in this course we will learn about the Income Statement essentials, a crucial financial report that details a company's performance over a specific period. The Income Statement, also known as the Profit and Loss Statement, provides a comprehensive overview of revenues, expenses, and net profit or loss. We will start by exploring the core components: revenues, cost of goods sold (COGS), gross profit, operating expenses, operating income, non-operating expenses, income before tax, taxes, and net income. You will learn how to compile and interpret these elements to evaluate a company’s financial health. The course will cover practical applications, such as assessing profitability, identifying cost-saving opportunities, and making informed business decisions. We will also discuss common financial ratios derived from the Income Statement that are essential for analyzing trends and comparing performance across periods. Through hands-on exercises and real-world examples, you'll gain the skills needed to prepare and analyze Income Statements accurately. By the end of this course, you will be proficient in understanding and utilizing Income Statements to support strategic planning and enhance financial reporting. This course is ideal for anyone looking to deepen their knowledge of financial statements and improve their financial analysis capabilities.
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