Tuesday, June 23, 2009

Sunday, June 21, 2009

Accounting 105 - Equity

Susan Crosson discusses the basics of Stockholder Equity vs. Owner Equity along with Retain Earnings and other Equity Accounts. Always remember this basic Accounting Equation [ Assets - Liabilities = Equity ].

Saturday, June 13, 2009

Accounting 104 -Liabilities

Liabilities on the balance sheet. Liabilities are debts payable -bills owed. Unearned revenue means the customer has paid in advance. Susan says, "Liabilities end in payable or start in unearned."

Accounting 103 -Assets

The concept of assets on a balance sheet explained by Susan Crosson

Tuesday, June 9, 2009

Accounting 100 -The Basics

My Accounting Professor's were all CPA's and Ph.D.'s but I'd had more fun with these teachers. It's hard to get excited about accounting debits and credits just like computer zeros and ones. But a creative person can add some fun. Debit=Left...Credit=Right...cha..cha..cha.

In my Accounting College the Debits were closes to the windows (left) and the Credits were closes to the door (right). And we liked credits the best because they were closes to the door which was the way out of accounting class.

This dual Accounting and Finance major wanted to hang out with the Business School Retail Fashion and Marketing Majors -more fun....more females.

Accounting 102 -The Accounting Equation




It's not quantum physics. It's Assets-Liabilities=Shareholder Equity


If you like this then you'll love this Financial Education

Accounting 101 - Measuring Profit/Loss

This will provide you with the fundamentals of learning the accounting cycle for measuring a businesses income or losses. Eager Beaver Students may go to Window To Wall Streets new Free Financial Education Section and Wikipedia Income Statements for lots more financial education.