Episode Synopsis "The Accounting Equation (A = L + OE)"

The Accounting Equation is the Balance Sheet!

Listen "The Accounting Equation (A = L + OE)"

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• GST and the accounting equation
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• Qualitative Characteristics - Comparability
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• Qualitative Characteristics - Understandability
• Qualitative Characteristics - Timeliness
• Accounting Assumptions - Entity
• Accounting Assumptions - Going Concern
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• Fair Value
• The Accounting Equation (A = L + OE)
• Expenses (General)
• Revenue (General)
• Owner's Equity
• Equities (General)
• Liabilities (General)
• Assets (General)
• Bad and Doubtful Debts
• Accrued Revenue
• Accrued Expenses
• Unearned Revenue (Prepaid Revenue)
• Prepaid Expenses
• Balance Day Adjustments-General
• Disposal NCA-Trade-In-Profit
• Disposal NCA-Trade-In-Loss
• Disposal NCA-Cash-Profit
• Disposal NCA-Cash-Loss
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• Depreciation-Straight line
• Depreciation-General
• Non Financial KPIs
• Account Reconstruction
• Business Performance: what is it?
• Internal Control:
• Cash v Profit (Unit 3)
• The Cash Flow Cover (CFC)
• Cash Flow Statement (Unit 3)
• Classified Balance Sheet (Unit 3)
• Good liquidity with net loss (Unit 3) Role Play
• Profit but poor liquidity (Unit 3) Role Play
• Ethics (General)
• Quick Asset Ratio (QAR)
• Closing/finalising the ledger
• Product Costing
• FIFO
• Identified Cost (IC)
• Accounts Payable Turnover (APTO)
• Cash Cycle
• Accounts Receivable Turnover (ARTO)
• Inventory Turnover (ITO)
• NRV/Inventory Write-Down
• Inventory gains.
• Inventory losses
• The Physical Stocktake
• Sales Returns
• Purchases Returns
• Working Capital Ratio (WCR)
• Debt Ratio (Part 1)
• Asset Turnover (ATO)
• Return on Owner's Investment (ROI)
• Opportunity Cost
• Benchmarks: KPIs
• Return on Assets (ROA)
• Net Profit Margin (NPM)
• Gross Profit Margin (GPM)
• Profit and Profitability
• KPIs: General
• Credit interview
• ARTO: Accounts Receivable Turnover
• Accounting equation: payment to accounts payable (no discount)
• Accounting equation: credit purchase of inventory
• Accounting equation: receipt from accounts receivable including discount
• Accounting equation: receipt from accounts receivable
• Accounting equation: credit sale
• Accounts Payable Statements
• Statements for Accounts Receivable
• Credit transactions and the reports
• Accounts payable is a current liability
• Why is Discount Revenue revenue?
• Paying an Accounts Payable with discount revenue
• Recording a credit purchase of inventory
• Documentation and credit purchases of inventory
• Buying inventory on credit: good for liquidity
• Accounts receivable are current assets
• Why is discount expense an expense?
• Receipt from Accounts Receivable including discount
• Recording a credit sale of inventory
• Documentation and credit sales
• How do account for credit card transactions?
• Disadvantages in offering credit
• Why sell on credit?
• Credit Checks or Debtor Screening