| 1 |
The Closing Process
The Closing Process isn't hard. I dare say that it's even fun. I'll show you why.
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10:37 | |
| 2 |
The Classified Balance Sheet
The Classified Balance Sheet lets us see our assets and liabilities by groups, which gives us a little better overview.
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4:48 | |
| 3 |
Current Assets
We've already learned about assets, but now we're going to break it down a bit further and differentiate between current and non-current.
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9:57 | |
| 4 |
Non-Current Assets
We've already learned about Assets, but now we're going to break it down a bit further and differentiate between current and non-current.
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10:25 | |
| 5 |
Current Liabilities
We've already learned about Liabilities, but now we're going to break it down a bit further and differentiate between current and non-current.
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6:24 | |
| 6 |
Non-Current Liabilites
We've already learned about Liabilities, but now we're going to break it down a bit further and differentiate between current and non-current.
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2:00 | |
| 7 |
Contributed Capital
Shareholder's Equity is made up of two different components: Retained Earning and Contributed Capital. Here, we try to figure out what contributed capital is all about.
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5:10 | |
| 8 |
Ratios: Current Ratio
The Current Ratio is exceedingly simple, but quite helpful to businesses.
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4:00 |
| Click Here to View All Chapter 4 Problems at Once | View | ||
| 1 | Closing Journal Accounts | Easy | |
| 2 | Current Assets | Easy | |
| 3 | Effect on the Current Ratio | Easy | |
| 4 | Closing Process | Moderate | |
| 5 | Solving for Missing Amounts | Moderate | |
| 6 | Account Classifications | Hard | |
| 7 | Year End Closing & Account Classification | Hard |