Episodes
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Calculating the GST
Calculating the GST
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GST and the accounting equation
GST and the accounting equation
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GST General.
How the GST system works in simple terms.
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Qualitative Characteristics - Verifiability
Qualitative Characteristics - Verifiability
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Qualitative Characteristics - Comparability
Qualitative Characteristics - Comparability
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Qualitative Characteristics - Faithful Representation
Qualitative Characteristics - Faithful Representation
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Qualitative Characteristics - Understandability
Qualitative Characteristics - Understandability
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Qualitative Characteristics - Timeliness
Qualitative Characteristics - Timeliness
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Accounting Assumptions - Entity
Accounting Assumptions - Entity
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Accounting Assumptions - Going Concern
Accounting Assumptions - Going Concern
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Accounting Assumptions - Accrual Basis
Accounting Assumptions - Accrual Basis
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Accounting Assumptions - Reporting Period
Accounting Assumptions - Reporting Period
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Fair Value
Let's chat about the concept of fair value.
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The Accounting Equation (A = L + OE)
The Accounting Equation is the Balance Sheet!
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Expenses (General)
Let's chat about expenses!
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Revenue (General)
The concept of revenue.
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Owner's Equity
Owner's Equity is sometimes called "Capital".
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Equities (General)
A quick chat about "equities".
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Liabilities (General)
A brief chat about liabilities.
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Assets (General)
A brief chat about assets.
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Bad and Doubtful Debts
Accounting for bad and doubtful debts.
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Accrued Revenue
Accounting for Accrued Revenue.
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Accrued Expenses
Accounting for accrued expenses.
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Unearned Revenue (Prepaid Revenue)
Accounting for Unearned or Prepaid Revenue.
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Prepaid Expenses
A discussion about accounting for prepaid expenses.
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Balance Day Adjustments-General
General discussion about Balance Day Adjustments (BDAs)
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Disposal NCA-Trade-In-Profit
Trading-in a NCA for a profit.
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Disposal NCA-Trade-In-Loss
Trading in a NCA for a loss.
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Disposal NCA-Cash-Profit
The cash disposal of a NCA for a profit
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Disposal NCA-Cash-Loss
The cash disposal of a NCA for a loss.
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Depreciation-Reducing balance
Depreciation-Reducing balance
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Depreciation-Straight line
Straight line depreciation
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Depreciation-General
The concept of depreciation of NCAs.
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Non Financial KPIs
KPIs that do not source from the 3 major reports.
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Account Reconstruction
Finding missing information using account reconstruction.
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Business Performance: what is it?
The many dimensions of Business Performance.
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Internal Control:
Safeguarding the business's key assets such as Cash, Inventory and NCAs.
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Cash v Profit (Unit 3)
The change in cash will be different than the net profit/loss for the same reporting period. Why?
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The Cash Flow Cover (CFC)
A KPI of business liquidity, the Cash Flow Cover.
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Cash Flow Statement (Unit 3)
Let's consider the Cash Flow Statement!
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Classified Balance Sheet (Unit 3)
Let's chat about a classified Balance Sheet at the end of Unit 3
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Good liquidity with net loss (Unit 3) Role Play
Sharon and Maxxi role-play a discussion about having good liquidity but with a poor profit performance.
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Profit but poor liquidity (Unit 3) Role Play
Sharon and Maxxi role-play a discussion about good profits with poor cash flow.
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Ethics (General)
A quick chat about ethics in a general sense.
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Quick Asset Ratio (QAR)
Let's talk about the quick asset ratio.
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Closing/finalising the ledger
What do you do with the ledger at the end of the reporting period?
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Product Costing
Product v period costing.
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FIFO
Using the First In First Out (FIFO) cost assignment method.
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Identified Cost (IC)
Using IC as the cost assignment method.
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Accounts Payable Turnover (APTO)
The days taken to pay accounts payable.
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