Lumen Financial Accounting Course
Financial Accounting
Course recommended by Bean Counter and provided by Lumen Learning.
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What Will I Learn ?
In this Financial Accounting course, students learn the basic accounting principles.. This course starts out teaching with a focus on small, sole-proprietorships providing a service, and gradually layers accounting practices from the most basic to the more complex accounting practices recommended for large companies. This course also includes an optional module focusing on “personal accounting,” which helps students bridge the gap between accounting for their personal finances and accounting for business.
What’s Covered ?
The following list shows a summary of the topics covered in this course.
Module 0: Personal Accounting
- Financing Your Education
- Financing the Present
- Financing the Future
Module 1: The Role of Accounting in Business
- Accounting Defined
- Accounting Information
- The Basic Accounting Equation
- Accounting in Business
- Challenges in Accounting
Module 2: Accounting Principles
- Financial Accounting Standards in the United States
- Fundamental Concepts of US Accounting Standards
- Accrual Basis Accounting
- International Financial Reporting Standards
Module 3: Recording Business Transactions
- Double-Entry Bookkeeping
- Journals and Ledgers
- The Recording Process
Module 4: Completing the Accounting Cycle
- The Adjusting Process
- Creating Adjusting Journal Entries
- Preparing an Adjusted Trial Balance
- Preparing Financial Statements
- Closing the Books
Module 5: Accounting for Cash
- Establishing Internal Controls
- Accounting for Petty Cash
- Preparing a Bank Reconciliation
- Accounting for Credit Card Transactions
- Financial Statement Presentation
Module 6: Receivables and Revenue
- Revenue Recognition
- Uncollectible Accounts
- Notes Receivable
- Reporting Receivables on the Financial Statements
Module 7: Merchandising Operations
- Merchandising Business
- Periodic Inventory System
- Perpetual Inventory System
- Controls over Inventory
Module 8: Inventory Valuation Methods
- Inventory Cost Flow Assumptions
- Inventory Cost Methods
- Financial Statement Presentation
Module 9: Property, Plant, and Equipment
- Plant Assets
- Depreciation Expense
- Journalizing Asset Disposal
- Reporting PP&E
Module 10: Other Assets
- Natural Resources
- Intangible Assets
- Other Current and Noncurrent Assets
- Reporting Other Assets
Module 11: Current Liabilities
- Current Liabilities
- Accounts Payable
- Payroll
- Other Current Liabilities
- Reporting Current Liabilities
Module 12: Non-Current Liabilities
- Long-term Financing
- Bonds Payable
- Leases
- Reporting Long-Term Liabilities
Module 13: Accounting for Corporations
- Corporations
- Capital Stock Transactions
- Distribution of Earnings
- Financial Statement Presentation
Module 14: Statement of Cash Flows
- Statement of Cash Flows
- Indirect Method of Preparing a Statement of Cash Flows
- Preparing a Statement of Cash Flows
Module 15: Financial Statement Analysis
- Objectives of Financial Statement Analysis
- Liquidity Measures
- Operating Efficiency Measures
- Measures of Profitability
- Measures of Solvency
- Comparative Analysis of Financial Statements
Course Navigation
Back and Forward Buttons are located at the bottom of the screen.
The Main Menu called Book Contents also allows you to select the topic (lesson) that you want.
For your convenience, I've included this course on my site as well as providing a direct link to Lumen's Financial Accounting Course.
Attribution
Thanks to all the hard work for those contributing.
In addition, Lumen Learning provides other excellent courses. Not only do students benefit; but, teachers also. Teachers can get courses to use or modify for their classroom.