Lessons
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Lesson 1
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Accounting system
Fundamentals of accounting
Defining accounting
Business activities
Relating accounting to business activities
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Lesson 2
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Accounting for assets
Introduction to assets
Identifying types of assets
Current assets
Discussing an internal control system
Managing bad debts
Calculating accounts receivable turnover ratio
Noncurrent assets
Calculating depreciation
Accounting for repairs and improvements
Accounting for natural resources
Discussing intangible assets
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Lesson 3
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Accounting for inventory
Fundamentals of an inventory system
Identifying inventory costs
Calculating purchase discounts
Discussing shipping costs
Safeguarding inventory
Inventory management
Discussing inventory systems
Identifying other inventory costs
Comparing inventory costing methods
Estimating the value of inventory
Calculating the inventory turnover ratio
Tracing inventory errors
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Lesson 4
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Accounting for liabilities
Current liabilities
Discussing current liabilities
Accounting for contingent liabilities
Long-term liabilities
Classifying long-term liabilities
Accounting for bonds payable
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Lesson 5
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Time value of money
Time value of money overview
Calculating the interest on cash
Calculating the future value of a cash flow
Calculating the present value of a cash flow
Interest rates and maturity dates
Calculating interest rates and maturity dates
Value of annuities
Calculating ordinary annuity values
Calculating annuity due values
Value of bonds
Calculating the present value of a bond
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Lesson 6
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Stockholders’ equity
Fundamentals of stock
Identifying stocks
Calculating the value of stock
Calculating the value of a split stock
Calculating dividends, gains, and losses
Stockholders equity
Identifying the type of an organization
Identifying the components of stockholders equity
Reporting stockholders equity
Ratio analysis
Calculating financial ratios
Calculating the book value per share
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