Accounting 302

Ch 1. Business Ownership Types
	Lesson 1 – What Is Sole Proprietorship: Definition, Advantages & Disadvantages	Take Quiz
	Lesson 2 – General Partnership: Definition, Advantages & Examples	Take Quiz
	Lesson 3 – What Is a Limited Partnership? – Definition, Advantages & Disadvantages	Take Quiz
	Lesson 4 – What Is a Limited Liability Partnership? – Definition, Advantages & Disadvantages	Take Quiz
	Lesson 5 – What Is a Limited Liability Company? – Definition, Benefits & Examples	Take Quiz
	Lesson 6 – What Is Corporate Structure? – Definition, Types & Examples	Take Quiz
	Lesson 7 – What is a Nonprofit Corporation? – Definition & Example	Take Quiz
	Lesson 8 – The Role of Cooperatives in Business	Take Quiz
	Lesson 9 – Merchandising Company: Definition, Activities & Income Components	Take Quiz

Go to chapter Business Ownership Types

Practice test: Business Ownership Types

Ch 2. Key Accounting Concepts
	Lesson 1 – What Is Accounting? – Purpose, Importance & Relationship to Business	Take Quiz
	Lesson 2 – What Is GAAP? – The Generally Accepted Accounting Principles	Take Quiz
	Lesson 3 – The Accounting Cycle: Definition, Steps & Examples	Take Quiz
	Lesson 4 – Source Documents in Accounting: Definition and Purpose	Take Quiz
	Lesson 5 – What Is Double-Entry Accounting? – Basics & Examples	Take Quiz
	Lesson 6 – Business Transaction: Definition, Types & Analysis	Take Quiz
	Lesson 7 – What Are Accounts? – Definition and Use to Categorize Transactions	Take Quiz
	Lesson 8 – Understanding Debits and Credits in Accounting	Take Quiz
	Lesson 9 – Business Assets: Definition & Examples	Take Quiz
	Lesson 10 – Accrued Expenses & Revenues: Definition & Examples	Take Quiz
	Lesson 11 – Direct & Indirect Expenses: Definition & Examples	Take Quiz
	Lesson 12 – Operating Expenses: Definition, Formula & Examples	Take Quiz
	Lesson 13 – Net Loss: Definition & Formula	Take Quiz
	Lesson 14 – Net Profit: Definition & Calculation	Take Quiz

Go to chapter Key Accounting Concepts

Practice test: Key Accounting Concepts

Ch 3. Journals & Ledgers in Accounting
	Lesson 1 – Ledgers and Chart of Accounts: Definitions and Use	Take Quiz
	Lesson 2 – What Is a General Ledger? – Definition & Examples	Take Quiz
	Lesson 3 – Subsidiary Ledger: Definition & Examples	Take Quiz
	Lesson 4 – What Is a General Journal in Accounting? – Definition, Format & Examples	Take Quiz
	Lesson 5 – Journal Entries and Trial Balance in Accounting	Take Quiz
	Lesson 6 – Purchases Journal: Definition & Example	Take Quiz
	Lesson 7 – Cash Payments Journal: Definition & Example	Take Quiz
	Lesson 8 – Cash Receipts Journal: Definition & Examples	Take Quiz
	Lesson 9 – Adjusting Entries: Definition, Types & Examples	Take Quiz

Go to chapter Journals & Ledgers in Accounting

Practice test: Journals & Ledgers in Accounting

Ch 4. Accounting Equations & Formulas
	Lesson 1 – The Accounting Equation: Definition & Components	Take Quiz
	Lesson 2 – Using the Accounting Equation: Adding Revenues, Expenses & Dividends	Take Quiz
	Lesson 3 – Using the Accounting Equation: Analyzing Business Transactions	Take Quiz
	Lesson 4 – Accounting Profit: Definition & Formula	Take Quiz
	Lesson 5 – How to Calculate Owner’s Equity: Definition, Formula & Examples	Take Quiz
	Lesson 6 – How to Calculate the Return on Equity: Definition, Formula & Example	Take Quiz
	Lesson 7 – Prime Cost in Accounting: Definition & Formula	Take Quiz
	Lesson 8 – Direct Cost: Definition, Formula & Examples	Take Quiz
	Lesson 9 – What Are Indirect Costs? – Definition & Examples	Take Quiz
	Lesson 10 – Present and Future Value: Calculating the Time Value of Money	Take Quiz
	Lesson 11 – How to Calculate Net Present Value: Definition, Formula & Analysis	Take Quiz

Go to chapter Accounting Equations & Formulas

Practice test: Accounting Equations & Formulas

Ch 5. Financial Statements, Balance Sheets & Income Statements
	Lesson 1 – What Are Financial Statements? – Definition, Purpose & Importance	Take Quiz
	Lesson 2 – The Purpose of Notes on Financial Statements	Take Quiz
	Lesson 3 – Using Accrual Accounting to Make Financial Statements More Useful	Take Quiz
	Lesson 4 – The Balance Sheet: Purpose, Components & Format	Take Quiz
	Lesson 5 – What Is an Income Statement? – Purpose, Components & Format	Take Quiz
	Lesson 6 – The Statement of Cash Flows: Purpose, Format & Examples	Take Quiz
	Lesson 7 – Statement of Retained Earnings: Definition, Formula & Example	Take Quiz
	Lesson 8 – Preparing the Basic Income Statement and Statement of Retained Earnings	Take Quiz
	Lesson 9 – How to Prepare the Basic Balance Sheet and Statement of Cash Flows	Take Quiz
	Lesson 10 – Non-Current Liabilities on a Balance Sheet: Definition & Examples	Take Quiz
	Lesson 11 – How to Record Notes Receivable on a Balance Sheet	Take Quiz
	Lesson 12 – Cost of Goods Sold on an Income Statement: Definition & Formula	Take Quiz
	Lesson 13 – Typical Problems with Financial Information	Take Quiz
	Lesson 14 – Challenges in Measuring Assets, Liabilities & Equities	Take Quiz

Go to chapter Financial Statements, Balance Sheets & Income Statements

Practice test: Financial Statements, Balance Sheets & Income Statements

Ch 6. Analyzing Financial Statements
	Lesson 1 – Financial Statement Analysis: Definition, Purpose, Elements & Examples	Take Quiz
	Lesson 2 – Standards for Comparison in Financial Statement Analysis	Take Quiz
	Lesson 3 – Applying Horizontal Analysis Methods	Take Quiz
	Lesson 4 – Applying Vertical Analysis Methods	Take Quiz
	Lesson 5 – Using Financial Analysis to Assess Business Credit Status	Take Quiz
	Lesson 6 – Using Financial Analysis to Rate Debt	Take Quiz
	Lesson 7 – Issues with Financial Statement Analysis	Take Quiz

Go to chapter Analyzing Financial Statements

Practice test: Analyzing Financial Statements

Ch 7. Financial Statement Ratios
	Lesson 1 – Financial Statement Ratios: Determining Company Performance	Take Quiz
	Lesson 2 – Commonly Used Financial Ratios	Take Quiz
	Lesson 3 – What Is Debt Ratio? – Calculation & Overview	Take Quiz
	Lesson 4 – Efficiency Ratios: Types & Formula	Take Quiz
	Lesson 5 – Leverage Ratios: Types & Formula	Take Quiz

Go to chapter Financial Statement Ratios

Practice test: Financial Statement Ratios

Ch 8. Accounting for Inventory
	Lesson 1 – What Is Inventory? – Definition & Example	Take Quiz
	Lesson 2 – Items that Make Up Merchandise Inventory	Take Quiz
	Lesson 3 – Periodic Inventory System: Definition, Advantages & Examples	Take Quiz
	Lesson 4 – Perpetual Inventory System: Definition, Advantages & Examples	Take Quiz
	Lesson 5 – Inventory Cost: Definition, Methods & Types	Take Quiz
	Lesson 6 – Inventory Valuation Methods: Specific Identification, FIFO, LIFO & Weighted Average	Take Quiz
	Lesson 7 – Net Realizable Value of Inventory: Definition & Method	Take Quiz
	Lesson 8 – Calculating Beginning Inventory: Formula & Explanation	Take Quiz
	Lesson 9 – Calculate Ending Inventory: Formula & Explanation	Take Quiz
	Lesson 10 – Accounting for Inventory Purchases	Take Quiz
	Lesson 11 – Accounting for Inventory Sales	Take Quiz
	Lesson 12 – Required Assignments Reminder

Go to chapter Accounting for Inventory

Practice test: Accounting for Inventory

Ch 9. Accounting for Depreciation
	Lesson 1 – Methods of Depreciation	Take Quiz
	Lesson 2 – Accelerated Depreciation Methods	Take Quiz
	Lesson 3 – Partial-Year Depreciation & Changes in Estimates	Take Quiz
	Lesson 4 – Accumulated Depreciation: Definition & Formula	Take Quiz
	Lesson 5 – Depreciation: Definition, Formula & Examples	Take Quiz
	Lesson 6 – Reporting Depreciation on the Balance Sheet	Take Quiz

Go to chapter Accounting for Depreciation

Practice test: Accounting for Depreciation

Ch 10. Accounting for Compensation, Taxes & Liabilities
	Lesson 1 – Accounting for Employee Compensation: Payroll, Leave & Bonuses	Take Quiz
	Lesson 2 – How to Calculate Sales Commissions	Take Quiz
	Lesson 3 – How to Account for Sales, Property & Income Taxes	Take Quiz
	Lesson 4 – Current & Long-Term Liabilities: Definition & Characteristics	Take Quiz
	Lesson 5 – Estimated Liabilities: Definition & Types	Take Quiz
	Lesson 6 – Known Liabilities: Definition & Types	Take Quiz
	Lesson 7 – Accounting for Long-Term Liabilities	Take Quiz
	Lesson 8 – Accounting for Contingencies & Environmental Liabilities	Take Quiz
	Lesson 9 – Uncollectible Accounts, the Allowance Method & Bad Debt	Take Quiz

Go to chapter Accounting for Compensation, Taxes & Liabilities

Practice test: Accounting for Compensation, Taxes & Liabilities

Ch 11. Adjustments & Closing Entries
	Lesson 1 – Account Adjustments: Types, Purpose & Their Link to Financial Statements	Take Quiz
	Lesson 2 – Closing Entries: Process, Major Steps, Purpose & Objectives	Take Quiz
	Lesson 3 – Adjusted Trial Balance: Definition, Preparation & Example	Take Quiz
	Lesson 4 – Post-Closing Trial Balance: Preparation & Purpose	Take Quiz

Go to chapter Adjustments & Closing Entries

Practice test: Adjustments & Closing Entries

Ch 12. Corporate Accounting
	Lesson 1 – Corporate Accounting: Definition & Principles	Take Quiz
	Lesson 2 – Impact of Dividend Distribution on Retained Earnings	Take Quiz
	Lesson 3 – Capital Gains Treatments: Definition & Advantages	Take Quiz
	Lesson 4 – How to Prepare a Budget for a Corporation	Take Quiz

Go to chapter Corporate Accounting

Practice test: Corporate Accounting

Ch 13. Departmentalized Accounting
	Lesson 1 – Departmentalized Accounting System: Definition & Example	Take Quiz
	Lesson 2 – Departmental Purchases & Cash Payments in Accounting	Take Quiz
	Lesson 3 – Recording Departmental Purchase Returns & Cash Payments	Take Quiz
	Lesson 4 – Departmental Sales & Cash Receipts in Accounting	Take Quiz
	Lesson 5 – Recording Departmental Cash Receipts, Sales & Allowances	Take Quiz
	Lesson 6 – Departmental Payroll System: Terms & Practices	Take Quiz
	Lesson 7 – Completing Departmental Payroll Records in Accounting	Take Quiz
	Lesson 8 – Separating & Calculating Gross Profits by Department	Take Quiz
	Lesson 9 – End-of-Period Worksheet: Definition & Example	Take Quiz
	Lesson 10 – Preparing Financial Statements for Departmentalized Businesses	Take Quiz

Go to chapter Departmentalized Accounting

Practice test: Departmentalized Accounting

Ch 14. Taxation for Corporations
	Lesson 1 – Tax Structure & Liability of Sole Proprietorships	Take Quiz
	Lesson 2 – Tax Structure and Liability of Business Partnerships	Take Quiz
	Lesson 3 – Tax Structure and Liability of Corporations	Take Quiz
	Lesson 4 – What is Payroll Tax? – Definition & Example	Take Quiz
	Lesson 5 – Business Sales Tax: Definition & Types	Take Quiz
	Lesson 6 – Alternative Minimum Tax: Definition & Example	Take Quiz

Go to chapter Taxation for Corporations

Practice test: Taxation for Corporations

Ch 15. Business & Financial Forecasting
	Lesson 1 – What is Forecasting in Business? – Definition & Models	Take Quiz
	Lesson 2 – Business Forecasting: Methods & Analysis	Take Quiz
	Lesson 3 – Important Ratios in Financial Forecasting	Take Quiz
	Lesson 4 – Accuracy & Error in Financial Forecasting	Take Quiz

Go to chapter Business & Financial Forecasting

Practice test: Business & Financial Forecasting

Ch 16. Required Assignments for Accounting 302
	Lesson 1 – Advanced Accounting – Assignment 1: Journal Entry Problem Set
	Lesson 2 – Advanced Accounting – Assignment 2: Ratio Analysis Problem Set
	Lesson 3 – Advanced Accounting – Assignment 3: Forecasting Problem Set

Go to chapter Required Assignments for Accounting 302

Ch 17. Studying for Accounting 302
	Flashcards – Types of Business Ownership Flashcards
	Flashcards – Key Accounting Concepts Flashcards
	Flashcards – Accounting Equations & Formulas Flashcards
	Flashcards – Accounting Sheets & Statements Flashcards
	Flashcards – Analyzing Financial Statements Flashcards
	Flashcards – Inventory Accounting Flashcards
	Flashcards – Depreciation Accounting Flashcards
	Flashcards – Compensation, Taxes & Liabilities Accounting Flashcards
	Flashcards – Account Adjustments & Closing Entries Flashcards
	Flashcards – Corporate Accounting Flashcards
	Flashcards – Business & Financial Forecasting Flashcards
	Lesson 12 – Accounting 302: Advanced Accounting Formulas

Go to chapter Studying for Accounting 302