Accounting 101: Accrual Accounting in Excel
In this video I explain Accrual Accounting in Integrated Financial Statements. More specifically, I explain the basics of accrual vs. cash accounting.
Be sure to watch at maximum resolution and ideally full screen so you can see each cell in Excel.
Please visit the corresponding blog post for this problem where you can actually download the Excel file and follow along step by step! http://wp.me/p1TVs6-sB
This video series is for those new to accounting or individuals who just want to know a little more about accounting basics. That is my target audience.
In this video I explain Accrual Accounting in Integrated Financial Statements. More specifically, I explain the basics of accrual vs. cash accounting. To make the concept more concrete, I actually use a live integrated financial statement model in Excel (which you can download below) to record transactions for a fictional medical practice. Therefore you will be able to follow along in real time and see how different parts of the integrated statements change in relation to each other via Excel formulas!
Thank you for watching!
Source:
Warren, C.S. (2008). Survey of Accounting (Fourth Edition). Mason, OH: South-Western Cengage Learning.
(I really like this book so check it out!) For my complete video library organized by playlist, please go to my video page here:
http://www.youtube.com/user/BCFoltz/videos?flow=list&view=1&live_view=500&sort=dd
