Features

Course Topics and Features

 

Below are the topics in our courses and a list of some of the features within our software.

If you have additional questions, please read the Q&A page or drop us a line.

Course Length

If you look throughout the industry there are a few products that are on the surface somewhat similar to ours. Those products sometimes contain some type of video presentation, but if you look at the details, you’ll notice something very interesting; those products are actually very week on content. They often tout the same topics as ours but they often only contain 10-15% of our content in terms of time. Accounting takes time to teach and time to understand. We do not skimp. We are the best because we take the time to deliver rich content. With over 85 hours of video we blow away the competition. Its not even close.

 

All told, the courses below provide 75 hours of video presentations (with synchronized graphics and slides). However, most students watch the lessons at 2X the normal rate, which allows you to play an hour lesson in 30 minutes… you will find this pretty awesome

Course Lessons & Topics

Accounting education is divided into two main areas of study: Financial and Managerial Accounting. As such, we have two main courses: Financial Accounting and Managerial accounting. Below are the lessons and topics we cover.

Free Course

We also offer a Free Introduction to Accounting course that includes 5 lessons. Those 5 lessons are the first 5 lessons in the Financial Accounting course (see below).

Financial Accounting Course

Introduction to Business and Financial Accounting (Length: 2h 39m) - Included in FREE course

Introduction to Business and Financial Accounting:

  • What is a business?
  • What are the keys to a successful business?
  • What is business capital and why is it necessary?
  • What options exist in accessing needed capital for a business?
  • What information do providers of capital need in their investment decisions?
  • Financial vs. managerial accounting.
  • General-purpose financial statements.
  • What are the key characteristics found in useful financial statement information?
  • What is GAAP?
  • What is the role of the SEC, FASB and the AICPA in the providing of useful information to providers of business capital?
  • International standards and the IASB.
  • What is the role of a CPA and an independent audit in the providing of useful information to providers of capital?
  • Why is accounting worth studying?
  • What distinguishes a corporation, partnership and proprietorship as legal forms of doing business?
General-Purpose Financial Statements (Length: 3h 29m) - Included in FREE course
  • The balance sheet and basic accounting equation.
  • Assets, liabilities and owners’ equity defined.
  • Contributed capital, retained earnings and dividends defined.
  • The income statement.
  • Revenues and expenses defined.
  • The expanded accounting equation.
  • Financial statement articulation.
  • The statement of cash flows.
  • The statement of retained earnings.
  • A classified balance sheet
  • Key concepts and principles:
    • Historical cost
    • Conservatism
    • Monetary measurement
    • Entity Concept
Accounting Cycle Part 1 (Length: 3: 2h:47m) - Included in FREE course

Accounting Cycle:

  • An accounting system.
  • Steps in an accounting system designed to produce financial statements:
    • Identify transactions
    • Analyze transactions
    • Record transactions:
      • Journal entries
      • Debits/Credits
    • Posting to general ledger
    • Trial balance
    • Adjusting entries:
      • Cash vs. accrual basis accounting
      • Prepayments of expenses:
      • Collection of revenues in advance:
      • Accruing expenses
      • Accruing revenues
    • Closing entries
    • Preparation of financial statements
  • Account analysis
Accounting Cycle Part 2 (Length: 2h:57m) - Included in FREE course

Accounting Cycle:

  • An accounting system.
  • Steps in an accounting system designed to produce financial statements:
    • Identify transactions
    • Analyze transactions
    • Record transactions:
      • Journal entries
      • Debits/Credits
    • Posting to general ledger
    • Trial balance
    • Adjusting entries:
      • Cash vs. accrual basis accounting
      • Prepayments of expenses:
      • Collection of revenues in advance:
      • Accruing expenses
      • Accruing revenues
    • Closing entries
    • Preparation of financial statements
  • Account analysis
Financial Practice Set (Length: 2h 1m) - Included in FREE course

Special journals and subsidiary ledgers are introduced and a manual accounting system is set up for a fictional company. Students complete all steps of the accounting cycle for a series of transactions including the preparation of financial statements. (These financial statements are then subject to ratio analysis in a later lesson focusing on the determination of a reasonable stock value for the company.) NOTE: Students are told that although this kind of manual system is seldom used in today’s world, most computerized systems are programmed to follow the same flow of information. For that reason, this is a worthwhile exercise, but not the kind of thing accountants actually do.

Sales Revenues and Receivables (Length: 2h 50m)
  • Sales (cash) discounts
  • Sales returns and allowances
  • Gross margin % and % markup
  • Uncollectible accounts receivable:
    • % of ending A/R and aging methods
  • Credit card sales
Cost of Goods Sold and Inventory (Length: 2h 37m)
  • Perpetual inventory accounting for purchases, discounts, returns and sales
  • Inventory costing methods:
    • Specific identification
    • Cost flow assumptions (FIFO, LIFO, MWA):
    • Comparison of affects of different cost flow assumptions
  • Physical inventory
Internal Controls: & Compensation and Taxes (Length: 1h 32m)

Internal Controls:

  • Definition and Importance
  • Examples

Employee Compensation and Taxes:

  • Employee salaries and wages
  • Employer payroll taxes
  • State sales taxes
  • Property taxes
  • Multi-step formatted income statement
Long-Term Assets (Length: 2h 31m)
  • Capitalized costs vs. expenses
  • Property, plant and equipment:
    • Acquisition
    • Depreciation: Straight-line and units-of-production methods
    • Sale and disposal
    • Repairs and maintenance
    • Improvements
  • Intangible assets:
    • Acquisition
    • Research and development costs
    • Amortization
    • Goodwill accounting
  • Natural resources:
    • Acquisition
    • Depletion
Long-Term Liabilities (Length: 3h 18m)

Long-Term Liabilities:

  • Basic notes payable
  • Mortgage notes payable
  • Building equity in real estate
  • Bonds:
    • Kinds of bonds
    • Common characteristics
    • Issued at face value

Owners’ Equity:

  • Issuance of common and preferred stock
  • Dividends distributions on preferred and common.
  • Accounting for cash dividends
Financial Statement Analysis (Length: 4h 15m)
  • Users of financial statements
  • Liquidity Analysis:
    • Current ratio
    • Quick (acid-test) ratio
  • Asset management:
    • A/R turnover
    • Number of day’s sales in A/R
    • Inventory turnover
    • Number of day’s sales in inventory
  • Leverage measures:
    • Debt ratio (debt to total assets)
    • Debt to equity ratio
  • Performance analysis:
    • EPS
    • Dividends per share
    • Dividend payout ratio
  • Stock valuation:
    • P/E ratio
    • Book value per share
  • Profit projections:
    • Vertical and horizontal analysis
Advanced - Review of Accounting Environment and Basic Accounting Cycle (Length 1h 8m)
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Advanced - Expanded Financial Statement Analysis (Length: 2h 8m)
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Advanced - The Statement of Cash Flows (Length: 2h 19m)
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Advanced - Sales and Receivables (Length: 43m)
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Advanced - Time Value of Money (Length: 40m)
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Advanced - Cost of Goods Sold and Inventory (Length: 1h 34m)
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Advanced - Accounting for Employee Compensation, Taxes, Contingencies and Other Items (Length: 54m)
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Advanced - Long Term Assets (Length: 1h 22m)
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Advanced - Bond Financing (Length: 1h 8m)
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Advanced - Equity Financing (Length: 1h 16m)
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Advanced - Investments in Equity and Debt Securities (Length: 1h 23m)
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Managerial Accounting Course

Introduction to Managerial Accounting (Length 1h 05m)
  • The purpose of managerial accounting
  • Distinguishing characteristics of managerial vs. financial accounting
Manufacturing Product Costs (Length 3h 23m)
  • Product vs. period costs in merchandising and manufacturing businesses
  • Flow of product costs in a manufacturing business
  • Job order cost system:
    • Basic entries and use of job cost record
    • Manufacturing overhead issues and accounting
Cost Volume Profit Analysis (Length: 3h 53m)

Cost Behaviors with changing volume:

  • Variable, fixed, stepped and mixed costs defined
  • Analysis of mixed costs:
    • Scatter graph method
    • High-low method
  • Contribution margin income statement

CVP Analysis:

  • Equational approach
  • Graphical approach
Operation Budgeting (Length: 4h 20m)
  • Strategic, capital and operational budgeting introduced
  • The benefits of budgeting
  • Operating budgets for a manufacturing business
Non-Routine Business Decisions (Length: 3h 23m)
  • Quantitative vs. qualitative factors
  • Relevant, differential, direct, sunk and opportunity costs defined
  • Examples of relevant costs in non-routine decisions:
    • Make or buy a component part
    • Pricing a special order
    • Add or eliminate a product or process
    • Additional product processing
    • Product emphasis given a critical limited resource
Balanced Scorecard (Length: 55m)
  • Defining the Balanced Scorecard
  • Scorecard Perspectives
  • Users of the Balanced Scorecard
  • Evolution of the Balanced Scorecard
  • Components of the Balanced Scorecard
Advanced - Review of Introduction to Managerial Accounting Review of Cost Accounting (Length: 54m)

Review of Introduction to Managerial Accounting

Review of Cost Accounting

Advanced - Continued Cost Accounting (Length: 1h 35m)
  • Process cost system:
    • Basic entries
    • Equivalent Units
  • Product cost accumulation in a merchandising business
  • Product costing in a service business

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Advanced - Standard Costs & Responsibility Accounting (Length: 1h 48m)
  • Responsibility accounting
  • Standard costing
  • Cost variances
  • Activity-based costing (ABC)
Advanced - Activity Based Costing (Length: 2h 1m)

Activity-based costing (ABC)

  • Traditional vs. ABC approach
  • Analyze individual overhead costs
  • Overhead cost activities
  • Cost drivers
  • Assigning overhead
  • Using ABC data to make decisions

Advanced - Cost Volume Profit Analysis (Length: 1h 16m)

Review and Expansion of CVP Analysis:

  • Analysis of mixed costs and the least squares method
  • Change in sales mix
  • Operating leverage
Advanced - Capital Budgeting (Length: 3h 0m)
  • Strategic, capital and operational budgeting introduced
  • The benefits of budgeting
  • Operating budget for:
    • Manufacturing business
    • Merchandising business
    • Service business
  • Capital budgeting:
      • Payback method
      • IRR method
      • NPV method
      • Lease vs. buy
        • Sensitivity analysis
      • Screening and ranking
      • Income tax effects

Software Features

Below are a list of features within our software that make our courses the most immersive and engagement learning experience in accounting education today.

Talking Head

 

You will love “Norm” Nemrow. He was rated as the #1 professor (every year they offered the award) at the #1 accounting university in the world. He’s engaging and hilarious. For his significant contribution to accounting education, Norm was awarded the Point of Light from President Bush. But what you might find even more interesting is Norm did all of this as a volunteer. Norm “retired” at age 29 after being the CEO of one of the largest real estate investment firms in the country.

Slide Window

 

Just think, with a textbook you get a bunch of words with a few pictures and exhibits, and somehow they expect you to learn accounting. Yeah, right. No wonder accounting is such a hated subject. With as many as 900 slides in a lesson, we don’t just explain accounting from the best professor in the world but we SHOW you in tremendous detail. Finally, your accounting synapses make those connections.

Variable Speed Playback

 

Move through the material at TWICE the speed with increased comprehension. Warning: Head will grow twice as fast… may cause explosions.

Glossary

 

We know, it’s tough to get super excited about a glossary, but then again, you haven’t used ours. We have the most expansive accounting and business glossary available in any learning tool today. We use linked-to-learn vocabulary so you can learn concepts and principles within the context of other definitions.

Integrated Problems

 

Learn a section of the lesson and then cement the concept with an integrated problem. This proven learning method helps users solidify and recall information with higher efficiency. We have awesome hints and walkthroughs videos that help you see how to solve the problems with ease.

Practice Questions

 

Ready to challenge yourself? Cabezoa has additional practice questions to test your knowledge of accounting principals. Great for test preparation or getting the edge for that big business deal!