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Monday, June 29, 2009
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."
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.