Topics:
This video expands on Steps 1 and 2 of the Six-Step Process for Recording Entries.
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Using the Owners’ Equity Change (OEC) Map in Step 1 to determine what happened and to connect the underlying events or circumstances to the primary elements: assets, liabilities, and owners’ equity.
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Using Navigating Accounting’s Glossary in Step 2 to determine the correct account from a chart of accounts.
Express Video: [8 min]
Formatted for most devices Closed captions below video Slow-speed Internet connection
iPod/iPhone iPad/Android tablet Android phone/MP4 players
Additional Materials:
Video slides [pdf]
Transcript [pdf] Transcript [doc]
OEC Map [pdf]
Glossary [pdf]
Also see:
Six-Step Process for Recording Entries [video]
Record Keeping Quick Reference (Study Aid) [pdf]
Introduction to Financial Statements: Parts 1 - 4 Introduces the Owners' Equity Change (OEC) Map
