Accounting
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How to adjust to the new consumer journey - iMedia Connection

How to adjust to the new consumer journey - iMedia Connection | Accounting | Scoop.it
iMedia Connection
How to adjust to the new consumer journey
iMedia Connection
The increased adoption of smartphones and tablets alone has critically altered the consumer purchasing behavior. Here is a great example of a place where ...

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Consumers Are the Happiest Since 2007

Consumers Are the Happiest Since 2007 | Accounting | Scoop.it
A buoyant stock market, cheaper pump prices, and the housing revival are trumping the worrisome negatives

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MIT OpenCourseWare- Free Financial Accounting course - Lecture Notes

MIT OpenCourseWare- Free Financial Accounting course - Lecture Notes | Accounting | Scoop.it

Overview and Introduction to Financial Statements - 19 lectures with notes for an accounting course that teaches basic concepts of corporate financial accounting and reporting provided by MIT.


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Basic accounting articles ◄Click here

Basic accounting articles ◄Click here | Accounting | Scoop.it

A web site with lots of free articles and lessons on Basic Accounting concepts.


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Accounting Articles

Accounting Articles | Accounting | Scoop.it

300 articles on accounting.


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Many articles of interest..

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Over 80 free videos explaining accounting and bookkeeping

Over 80 free videos explaining accounting and bookkeeping | Accounting | Scoop.it

Great resource of over 80 YouTube videos from Brian Routh "The Accounting Dr" explaining everything about accounting.

 

Brian Routh have been an accounting professor for more than a decade. He have witnessed the struggles that many students go through when introduced to a new accounting topic. He has developed FREE accounting videos, lecture notes, and games, as well as exam questions and eBooks to assist in the success of accounting students in the classroom and individuals wishing to learn the basics of accounting.

 


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A good resource of over 100 financial accounting articles.

A good resource of over 100 financial accounting articles. | Accounting | Scoop.it
Accounting Education is a not-for-profit educational organization created by Prof. Vinod Kumar for helping you in taking maximum advantage of the accounting, finance and education.

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Peter John Baskerville's curator insight, December 14, 2012 2:40 PM

A good resource of over 100 financial accounting articles written by Prof. Vinod Kumar covering Accounting Principles, Concepts and Equations,

Accounting System or Basic Accounting Procedure, Ledger Creation, Trial Balance, Final Account and its Adjustments, Rectification of Errors, Bank Reconciliation, Bill of Exchange, Partnership Accounts and Depreciation

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Accounting Conventions and Accounting Concepts

Accounting Conventions and Accounting Concepts | Accounting | Scoop.it
Accounting Conventions - The term convention means 'established usage.' Conventions are based on practicability and usage. For example, the relationship of 12 units forming a dozen is a convention.

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Statement of Cash Flows

The Statement of Cash Flows is unmistakably the most difficult of the financial statements to prepare. With three sections, operating activities, investing activities, and financing activities, students often find the statement of cash flows to be a bit challenging to master. In financial accounting, students first have to assimilate to the idea of accrual accounting where revenues are recorded when earned and expenses are recorded when incurred (revenue recognition principle and matching principle). When students finally have this topic down they are asked to complete the statement of cash flows which only represents cash inflows and outflows (the opposite of accrual accounting). Therefore, instead of taking balances from the ledger accounts and placing them on a financial statement (i.e. balance sheet, income statement) we have to look at the changes in the account balances (i.e. change from beginning balance to ending balance)


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Cash Flow information.

 

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Accounting standards - GAAP Vs IFRS

Accounting standards - GAAP Vs IFRS | Accounting | Scoop.it

The benefits of having a global set of global accounting standards would be astronomical. Having one set of standards would give users of financial statements a better ability to evaluate an entity's financial standing; also, it would help investors and creditors make intelligent decisions. With the U.S. under pressure to comply with IFRS, the IASB and FASB have made major strides in converging standards. But by not immediately giving into pressure to adopt IFRS, the U.S. has also given the IASB incentive to provide stronger and improved standards. In the case of offsetting derivatives, a solution was not met in the form of a new standard, but both the FASB and IASB agreed on new disclosure requirements which will help give a better picture of an entity's financial standing.


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César Cardoni's curator insight, December 26, 2013 4:55 PM

Understanding the main differences between both kind of accounting principles

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Turns Out Amazon Isn’t Killing Retail After All

Turns Out Amazon Isn’t Killing Retail After All | Accounting | Scoop.it
Job numbers looked good across the board, but the retail industry reported a notable surge: 29,000 new jobs in April, after a loss of 4,000 jobs in March

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Rethinking Brick And Mortar Retail [PSFK 2013] - PSFK

Rethinking Brick And Mortar Retail [PSFK 2013] - PSFK | Accounting | Scoop.it
Rachel Shechtman, founder of Story talks about how the element of surprise and renewal is key in today's stores.

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Principles of Accounting - Free online textbook ◄Click here

Principles of Accounting - Free online textbook ◄Click here | Accounting | Scoop.it

This principles of accounting website provides a free comprehensive textbook and support resources. Both financial accounting and managerial accounting topics are covered in the 24 chapters. 

 

Written by Larry Walther, Ph.D., CPA, CMA, is the Ernst & Young Professor of Accounting and Head of the School of Accountancy at Utah State University. Utah State University is home to a highly respected School of Accountancy, and its Masters-level graduates consistently achieve passing rates on the CPA exam that place them among the Top 10 schools in the United States.


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Free course - Introduction to Financial and Managerial Accounting ◄Click here

Free course - Introduction to Financial and Managerial Accounting ◄Click here | Accounting | Scoop.it

Overview of the course, Administrative matters, Discussion of Accounting Framework, The Balance Sheet and the Recording of Transactions, The Income Statement and Principles of Accrual Accounting, The Income Statement and Principles of Accrual Accounting, The Accounting Process, Revenue Recognition, Revenue Recognition, Inventory/Cost of Goods Sold , Statement of Cash Flow, Long-term Assets/Depreciation (Deferred Taxes), Matching Principle for PP&E, Marketable Securities (Deferred Taxes) , Marketable Securities, Time Value of Money, Long Term DebtLeases and Off-Balance Sheet Financing , Current Liabilities and Contingencies, Intangibles and Business Combinations , Introduction to Cost Concepts, Indirect Allocation of Costs, Destin Brass


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Debt vs. Equity Financing

Debt vs. Equity Financing | Accounting | Scoop.it

There are several different types of financing that a business can use to operate, each with their own pros and cons. There two main types of financing: equity financing and debt financing. Equity financing is simply funding from the owners of the business. Debt financing is the other form of business financing. There are several forms of debt financing, but they all involve interest and require the debt to be repaid.


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Greg Lustig's curator insight, September 7, 2013 8:49 PM

In the case of equity financing,there are multiple factors that must be considered.The most important is how the valuation of the company is determined.Although a multiple of EBITA works well for established companies,it doesn't acurately reflect the value for new or emerging companies.Also,at issue is whether the company is valued at pre or post investment .A second factor to consider is whether the equity investor intends to be active or passive in regards to management.VC as well as private equity will often demand multiple board positions as well as input on executive management hiries and key management decisions.Thirdly,and perhaps most importantly,the intended holding period for a major investor must be taken into account.Typically,VC and PE both prefer short holding periods of anywhere between 2-5 years.This may not seem like something to be concerned about until your company is faced with the problem of finding the funds necessary for the redemption of the investors shares.Too often valuable assets or the company itself will have to be sold to pay off the investor(s).Lastly,the cost of the invested capital must be considered in comparison to the fixed cost of  alternative debt sources.Although equity looks better on a company's financial statements,VC and PE investors normally are looking for 25%-35% annualized cash on cash returns on a look back basis.Althouth this type of return  maybe possible for high tech startups with patented technology and market leading potential ,it is a very high mountain to climb for most companies.

 

 

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What is Financial Accounting and Bookkeeping - An ebook by Brian Routh

What is Financial Accounting and Bookkeeping - An ebook by Brian Routh | Accounting | Scoop.it

The eBooks are designed specifically for students of accounting and/or individuals wanting to learn bookkeeping, start their own bookkeeping business or brush up on their accounting knowledge. These topical eBooks are written in a classroom lecture format using examples to stress important points with easy to understand language. Here is the first 40% of the eBook that can be purchased in full for a very small fee.


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e-book...

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Peter John Baskerville's curator insight, December 23, 2012 4:18 PM

Brian Routh has been an accounting professor for more than a decade. He has developed over 90 FREE accounting videos for YouTube.

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A student worksheet on Suspense Accounts in Accounting.

A worksheet from Biz/ed to help students understand suspense accounts. This worksheet deals with:

1 - Errors not revealed by the trial balance
2 - Errors which are revealed by the trial balance
3 - The principle of suspense accounts
4 - Correction of errors using the journal
5 - Calculating the corrected net profit


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Peter John Baskerville's curator insight, April 12, 2013 6:03 PM

A very useful worksheet for a very difficult area of accounting.

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Accounting Basics and Tutorials

Accounting Basics and Tutorials | Accounting | Scoop.it

A collection of over 30 free key accounting articles that serve as a primer for beginners and a refresher for those who already have background in accounting. It aims to build and solidify one's knowledge of the fundamentals which are vital in pursuing higher accounting studies and building a successful career in it. Artciles are grouped by:

1 - Introduction to Accounting

2 - Fundamental Accounting Concepts

3 - The Financial Statements

4 - Analyzing, Recording and Classifying Transactions


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Basics with tutorials..

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Peter John Baskerville's curator insight, April 12, 2013 5:57 PM

One of the best free online resources I have found for anyone wanting to gain an understanding of basic accounting concepts.

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Accounting Concepts & Principles

Accounting Concepts & Principles | Accounting | Scoop.it

Accounting principles focus on the users of accounting information. Principles have developed over a long period of time, and are continuously subject to revision as information needs change. This article deals with a review of accounting concepts and principles which are:1) business entity, 2) going concern, 3) objective evidence, 4) unit of measurement, 5) accounting period, 6) matching revenues and expenses, 7) adequate disclosure, 8) materiality, 9) consistency, and 10) conservatism


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Good accounting information.

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Peter John Baskerville's curator insight, April 12, 2013 6:15 PM

A sound article explaining the concepts and principles that underpin the recording, classifying and reporting of financial transactions in the accounting system.