These exercises will help you apply concepts to real companies’ financial statements to compare and contrast the consequences of the economic crisis across time and industries.
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Master Book: Work-in-Process
Click here for our Master Book: WIP: Financial Accounting, Master Book: Work-in-Process
Master Book: Work-in-Process is the complete collection of our published chapter content: videos, exercises, and text. New content is posted as it’s completed. When will the book be complete?
Currently, the Master Book: WIP includes the Balance Sheet Chapter, with over 7 hours of videos and 20 exercises, and the Income Statement and Statements of Changes in Owners' Equity Chapter, with over 8 hours of videos and 25 exercises. Here is a list of completed chapter videos and exercises.
We don’t expect you to watch all the videos and do all the exercises. Rather, our goal is to provide flexible content that allows you to customize your learning path to meet your objectives, whether you are a corporate educator, college instructor designing a course, or a self-learner that wants to learn more about accounting.
We would appreciate your feedback, ideas for improvements, or notification of errors. Just click the [+] Feedback link on the right of any web page.
Instructors' Forum
Video Series: Helping Students Make Informed Judgments
Why teach students how to make more informed judgments? The short answer: more informed judgments lead to better decisions and more effective and efficient use of resources.
Presentations
Live Your Live to the Fullest
YouTube Playlist, published May 3, 2011
Here are the 14 principles we follow to live our lives to the fullest. We've shared these with our students as a last lecture and hope they will stimulate you to develop your own.
Balance Sheets
Chapter: Introduction
Outsider Perspective: What Do I See?
Insider Perspective: What’s Behind the Numbers?
Financial Accounting
You may or may not become an accountant, but accounting reports likely will affect or be affected by many of your decisions. The quality of these decisions will be enhanced by your understanding of accounting.
The purpose of this video book is to help you attain two over arching goals and thus help you make better business decisions regardless of your career choice:
Scenic: Comprehensive Income
Topics:
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Comprehensive income statement – level 1
- Owners’ equity change map – phase 2
- Intel’s level-1 performance: 1992-2010
- Controlling and non-controlling interests
- Assessing performance – level 1: Return-on-Equity-Comprehensive-Income (ROE-CI)
Scenic: How Do Companies Perform for Owners?
Topics:
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Management’s goal
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Owners’ equity change map – phase 1
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Intel’s performance: 1968-2010
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Take-aways
Scenic Video: [11 min]
Express: What Do I See on Income Statements?
Topics:
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Owners’ equity change map
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Income statement hierarchy:
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Level 1: comprehensive income
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Level 2: major categories
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Level 3: significant subcategories
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Level 4: line items
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Take-aways
