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acct2301
at UT Arlington
12 hours of video!
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Chapters
Problems & Videos
Chapter 1
Debits, Credits, and the Accounting Equation
Chapter 2
Journals, Ledgers, T-Accounts, and Normal Balances
Chapter 3
The Financial Statements
Chapter 4
Accounting FOr Merchandising Operations
Chapter 5
Inventories and Cost of Sales
Chapter 6
Cash and Bank Reconciliations
Chapter 7
Accounts Receivable and Bad Debts
Chapter 8
Long Term Assets and Depreciation
Chapter 9
Current Liabilities, Contingencies, and the Time Value of Money
Chapter 10
Bonds, Bonds, and Bonds
Chapter 11
Shareholder's Equity
Chapter 12
Cash Flows
Resources
Lots of Good Stuff
Formulas
Written Guides
PVOA Table
PV$1 Table
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Formulas
Important formulas for each chapter
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Chapter 1
Debits, Credits, and the Accounting Equation
Chapter 2
Journals, Ledgers, T-Accounts, and Normal Balances
Chapter 3
The Financial Statements
Chapter 4
Accounting FOr Merchandising Operations
Chapter 5
Inventories and Cost of Sales
Chapter 6
Cash and Bank Reconciliations
Chapter 7
Accounts Receivable and Bad Debts
Chapter 8
Long Term Assets and Depreciation
Chapter 9
Current Liabilities, Contingencies, and the Time Value of Money
Chapter 10
Bonds, Bonds, and Bonds
Chapter 11
Shareholder's Equity
Chapter 12
Cash Flows
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acct2301.com Formula Sheet
Profit Margin = Net Income / Sales Revenue
Sales
– COGS
Gross Profit
Gross Profit Margin = Gross Profit / Sales Revenue
Gross Profit Ratio is the same as Gross Profit Margin
Beginning Inventory
+ Net Purchases
– Ending Inventory
COGS
Beginning Inventory
+ Net Purchases
– COGS
Ending Inventory
Beginning Inventory
+ Net Purchases
Goods Available for Sale
(Some professors care about this... some don't)
Sales Revenue
– Sales Returns and Allowances
– Sales Discounts
Net Sales
Purchases
– Purchase Returns and Allowances
– Purchase Discounts
Net Purchases
+ Transportation In
Cost of Goods Purchased