Free Diploma

Free Diploma

1.Diploma in Accounting

Modules in Diploma in Accounting - Advanced Controls and Transactions

Module 1: Accounting - Merchandising Transactions
Module 2: Measuring and Reporting Inventory
Module 3: Diploma in Accounting - Advanced Controls and Transactions First Assessment
Module 4: Accounting - Control and Monitoring of Cash
Module 5: Accounting - Receivables and Payables
Module 6: Diploma in Accounting - Advanced Controls and Transactions Second Assessment
Module 7: Diploma in Accounting - Advanced Controls and Transactions Final Assessment

2.   Accounting and the Business Environment

 Lecture 1, Introduction to Accounting and Business
Segment 1.1: Instructor & Course Description, Accounting & Business, The Accounting Profession, Video: Interview with Ron Penczek, Wellpoint (0:16)
Segment 1.2: Financial Statements, Elements, Stakeholders, The Accounting Equation (0:07)
Segment 1.3: Assets & Claims on Assets, Assets Transactions: Source, Use, Exchange; Video: The Role of the Accountant (0:28)

Lecture 2, The Accounting Cycle
Segment 2.1: Recognition vs Realization, Accrual & Deferral, Accrual Transactions, Vertical Statements (0:20)
Segment 2.2: Matching, Second Accounting Cycle, Adjusting Entries (0:17)
Segment 2.3: Classifying Accounting Events, Closing Entries, Video: Transaction Analysis (0:13)

Lecture 3, Merchandising Business
Segment 3.1: Product Costs vs Selling & Administrative Costs, Costs of Goods Available, Gross Margin, Perpetual Inventory System, Multi-Step Income Statement (0:18)
Segment 3.2: Cash Discounts, Transportation Costs, Lost, Damaged or Stolen Inventory (0:17)
Segment 3.3: Events Affecting Sales, Ratio Analysis, Video: Merchandising (0:13)

Lecture 4, Inventory Flow, Cash & Controls
Segment 4.1: Inventory Cost Flow Method: Specific Identification, FIFO, LIFO, Weighted Average (0:17)
Segment 4.2: Video: Inventory Costing Methods; Inventory Analysis, Accounting for Cash, Bank Reconciliation (0:25)
Segment 4.3: Internal Control Systems,Sarbanes-Oxley Act Video: Interview w/Ron Penczek, Wellpoint (0:15)

Lecture 5, Receivables
Segment 5.1: Accounts Receivable, Allowance for Doubtful Accounts, Estimating Uncollectable Accounts (0:21)
Segment 5.2: Notes Receivables, Interest Calculations, Credit Card Sales (0:15)
Segment 5.3: Accounts Receivable Analysis, Video: Receivables (0:17)

Lecture 6, Long-Term Operational Assets
Segment 6.1: Tangible vs Intangible Assets, Determining Cost of Long Term Assets, Depreciation Methods (0:31)
Segment 6.2: Estimate Revisions, Additional Expenditures for Plant Assets, Natural Resources, Intangible Assets (0:16)
Segment 6.3: Financial Analysis, Video: Long Term Assets (0:11)

Lecture 7, Liabilities
Segment 7.1: Types of Liabilities, Notes Payable, Contingent Liabilities, Video: Determinable, Estimated and Contingent Liabilities (0:25)
Segment 7.2: Warranty Obligations, Installment Notes Payable, Line of Credit (0:13)
Segment 7.3: Bonds Issued at Face Value, Current vs Noncurrent, Ratio Analysis (0:13)

Lecture 8, The Business Organization and Financing
Segment 8.1: Proprietorships, Partnerships & Corporations Characteristics of Capital Stock, Classes of Stock: Common & Preferred (0:18)
Segment 8.2: Par, Stated Value & No Par Stock, Treasury Stock, Video: Corporations (0:17)
Segment 8.3: Cash Dividends, Stock Dividends, Stock Splits, Video: Dividends (0:22)

Lecture 9, Financial Statement Analysis
Segment 9.1: Analysis Overview, Methods of Analysis: Horizontal & Vertical Video: Analyzing Financial Statements (0:21)
Segment 9.2: Ratio Analysis, Liquidity Ratios, Solvency Ratios, Profitability Ratios (0:13)
Segment 9.3: Stock Market Ratios, Limitations on Financial Analysis, Video: Interview w/Gordon Slack, Dow Agro (0:14)

Lecture 10, Managerial Accounting
Segment 10.1: Managerial vs Financial Accounting Information, Product Costing, Example: Product Costs on Financial Statements (0:22)
Segment 10.2: Indirect Cost Allocation, Upstream and Downstream Costs, Product Costs in Service Companies, Ethical Professional Practice for Management Accountants, Video: Interview with Tony Klemm, Dow Agro (0:15)
Segment 10.3: Managerial Accounting Trends: TQM, Activity-Based Management, JIT Inventory, Video: The Need for Managerial Accounting (0:18)

Lecture 11, Cost Behavior
Segment 11.1: Fixed Cost Behavior, Operating Leverage, Variable Cost Behavior, Contribution Margin Income Statement (0:11)
Segment 11.2: Operating Leverage Using Contribution Margin, Cost Behavior Summarized, Relevant Range (0:10)
Segment 11.3: Per Unit Contribution Margin, Break-even Analysis, Target Profit Level, Margin of Safety Video: Classifying Costs for Decision-Making (0:23)

Lecture 12, Cost Accumulation
Segment 12.1: Cost Drivers, Direct vs Indirect Costs, Allocating Indirect Costs (0:15)
Segment 12.2: Variable Overhead Cost Accumulation, Fixed Overhead Cost Allocation, Predetermined Overhead Rate, Cost Pools (0:13)
Segment 12.3: Relevant Information for Decision-Making, Qualitative Factors, Cost Avoidance & Cost Hierarchy, Special Decisions: Special Orders and Make or Buy, Video: Relevant Cost for Decision-Making (0:28)

Lecture 13, Budgeting Process
Segment 13.1: Strategic Planning, Capital, Budgeting and Master Budget, Sales Budget, Inventory Purchases Budget (0:22)
Segment 13.2: Selling & Administrative Expense Budget, Pro Forma Statements, Video: The Budget Process (0:17)
Segment 13.3: Responsibility Accounting, Static & Flexible Budgets, Sales Volume Variances, Video: Interview with Gordon Slack, DowAgro (0:16)

Lecture 14, Capital Investments and Course Summary
Segment 14.1: Capital Budgeting and Decision-Making, Time Value of Money, Net Present Value (0:17)
Segment 14.2: Measuring Investment Cash Flows, Comparing Alternative Capital Investment Opportunities, Relevance and Time Value of Money, Payback Method (0:22)
Segment 14.3: Annual Reports, Video: Interview with Ron Penczek, Wellpoint A186 WRAP-UP (0:17)