In this particular episode, you will learn About Accounting Careers How To Get a Job This is an hour long interview where Bobby and I go deep into what it takes to get hired in accounting. You will appreciate the brutal honestly behind the mic. My goal is that this interview will provide some insight into [...]
In this particular episode, you will learn What "it" is all about Accounting Play and I trying to get paid (My company is trying to make money) Debit assets up, credit them down (Assets increase with a debit and decrease with a credit) San Francisco livin’ - up town (I live in San Francisco in a [...]
In this particular episode, you will learn Memorizing something - yup The Debits & Credits Rap is designed to help teach the debits and credits accounting concept in an entertaining way. Accounting Play and I trying to get paid Debit assets up, credit them down San Francisco livin’ - up town Now listen up - to [...]
In this particular episode, you will learn Debits and Credits Entries Topics Journal Entries Example Accounting Entries Memorization Contra Accounts Trial Balance Presentation Summary Journal Entries Each transaction in accounting has a debit and credit side. Yet, the user of accounting software can be unaware of this because the entries are mostly automatic. Journal entries [...]
In this particular episode, you will learn The Income Statement, Shareholders’ Equity, Cash Flows, and the Notes to the Financial Statements Podcast transcript: Topics Shareholders’ Equity Cash Flows Notes Statement Relationships Different Names, Similar Concept Statement Analysis Preparing Financial Statements Summary Shareholders’ Equity The statement of shareholders’ equity, also referred to as the statement of retained [...]
In this particular episode, you will learn Accounting Debits and Credits Podcast transcript: Debits and Credits Accounting System The Double Entry System Different Account Types Increases and Decreases Debits and Credits Accounting System Debits and credits form the foundation of the accounting system. The mechanics of the system must be memorized. Once understood, you will be [...]
In this particular episode, you will learn How Debits and Credits Increase and Decrease in Accounting Podcast transcript: Topics Increases and Decreases Debits and Credits by Account Assets Expenses Liabilities Equity Revenue T-Accounts Increases and Decreases The debit and credit rules used to increase and decrease accounts were established hundreds of years ago and do not correspond [...]
In this particular episode, you will learn The Income Statement Podcast transcript: The balance sheet, also referred to as the statement of financial position, reports the financial position of a business at a point in time. Because the information is reported at a point in time, the balance sheet can be compared to a photograph. It is [...]
In this particular episode, you will learn The Income Statement Podcast transcript: Income Statement The income statement, also referred to as a profit and loss statement, reports the financial performance of a business over a period of time. Because the information is reported over a period in time, the income statement can be compared to a video. [...]
In this particular episode, you will learn About the Balance Sheet and Income Statement Podcast transcript: Topics Introduction Summary of Statements Introduction Financial statements provide valuable financial and operational information about an entity. Different operating entities can include: businesses, charities, trusts, governments, investment portfolios, and individuals. Financial statements serve several purposes for the users of financial [...]