Segments in this Video

Cash Basis vs. Accrual Basis (02:37)

FREE PREVIEW

Income statements can be created in two ways. See examples of a business using cash basis and a business using accrual basis.

The Matching Concept (05:51)

Learn the elements of the matching concept, based on the accrual basis. Vocabulary includes overstated profits, revenue versus expenses, deferred expenses, accruals, and depreciation.

The Accounting Cycle (02:34)

Accounting cycles are monthly, quarterly, semi-annually, or annually. Learn the eight steps that take place during an accounting period.

The Accounting Cycle in Action (05:19)

Learn the first four steps of the accounting cycle. Vocabulary includes journal entries, ledger, unadjusted trial balance, and adjusting entries.

The Accounting Cycle in Action: II (04:17)

Learn the last four steps of the accounting cycle. Vocabulary includes adjusted trial balance, financial statements- income statement-balance sheet-cash flow statement, closing entries, and post-closing trial balance.

The Accounting Cycle Quick Review (02:46)

Review the eight steps of the accounting cycle and its importance.

Credits: Matching Concept and Accounting Cycle: Accounting Fundamentals (00:27)

Credits: Matching Concept and Accounting Cycle: Accounting Fundamentals

For additional digital leasing and purchase options contact a media consultant at 800-257-5126 (press option 3) or sales@films.com.

Matching Concept and Accounting Cycle: Accounting Fundamentals

Part of the Series : Accounting Fundamentals
DVD (Chaptered) Price: $99.95
DVD + 3-Year Streaming Price: $149.93
3-Year Streaming Price: $99.95

Share

Description

All businesses understand that it’s vital to keep accurate records and monitor them on a regular basis. After watching this video, viewers will have a grasp of the matching concept, which helps avoid misstated earnings for a period, and the accounting cycle, which helps identify errors and provide the data needed for income statements and balance sheets. Sections include: Cash Basis vs. Accrual Basis, The Matching Concept, The Accounting Cycle, and The Accounting Cycle Quick Review. A home-based online gift basket business, a software company, a car repair shop, and a hair salon serve as examples. A Films for the Humanities & Sciences/MotionMasters Coproduction. A part of the series Accounting Fundamentals. (30 minutes)

Length: 25 minutes

Item#: BVL53617

ISBN: 978-0-81608-977-2

Copyright date: ©2014

Closed Captioned

Performance Rights

Prices include public performance rights.


Share