Accounting Play Podcast: Learn Accounting

In this particular episode, you will learn What "it" is all about Accounting Play and I trying to get paid (My company is trying to make money) Debit assets up, credit them down (Assets increase with a debit and decrease with a credit) San Francisco livin’ - up town (I live in San Francisco in a [...] The post APP: 020 Debits and Credits Rap Explained appeared first on Accounting Play.

In this particular episode, you will learn Memorizing something - yup The Debits & Credits Rap is designed to help teach the debits and credits accounting concept in an entertaining way. Accounting Play and I trying to get paid Debit assets up, credit them down San Francisco livin’ - up town Now listen up - to [...] The post APP: 019 Debits and Credits Rap appeared first on Accounting Play.

In this particular episode, you will learn Debits and Credits Entries Topics Journal Entries Example Accounting Entries Memorization Contra Accounts Trial Balance Presentation Summary   Journal Entries Each transaction in accounting has a debit and credit side. Yet, the user of accounting software can be unaware of this because the entries are mostly automatic. Journal entries [...] The post APP: 018 Debits and Credits Entries appeared first on Accounting Play.

In this particular episode, you will learn The Income Statement, Shareholders’ Equity, Cash Flows, and the Notes to the Financial Statements Podcast transcript: Topics Shareholders’ Equity Cash Flows Notes Statement Relationships Different Names, Similar Concept Statement Analysis Preparing Financial Statements Summary   Shareholders’ Equity The statement of shareholders’ equity, also referred to as the statement of retained [...] The post APP: 015 Intro Other Statements, Relationships, and Preparation appeared first on Accounting Play.

In this particular episode, you will learn Accounting Debits and Credits Podcast transcript: Debits and Credits Accounting System The Double Entry System Different Account Types   Increases and Decreases Debits and Credits Accounting System Debits and credits form the foundation of the accounting system. The mechanics of the system must be memorized. Once understood, you will be [...] The post APP: 016 Intro to Debits and Credits appeared first on Accounting Play.

In this particular episode, you will learn How Debits and Credits Increase and Decrease in Accounting Podcast transcript: Topics Increases and Decreases Debits and Credits by Account Assets Expenses Liabilities Equity Revenue T-Accounts   Increases and Decreases The debit and credit rules used to increase and decrease accounts were established hundreds of years ago and do not correspond [...] The post APP: 017 Debits and Credits Increases and Decreases appeared first on Accounting Play.

In this particular episode, you will learn The Income Statement Podcast transcript: The balance sheet, also referred to as the statement of financial position, reports the financial position of a business at a point in time. Because the information is reported at a point in time, the balance sheet can be compared to a photograph. It is [...] The post APP: 014 Intro to Balance Sheet appeared first on Accounting Play.

In this particular episode, you will learn The Income Statement Podcast transcript: Income Statement The income statement, also referred to as a profit and loss statement, reports the financial performance of a business over a period of time. Because the information is reported over a period in time, the income statement can be compared to a video. [...] The post APP: 013 Intro to Income Statement appeared first on Accounting Play.

In this particular episode, you will learn About the Balance Sheet and Income Statement Podcast transcript: Topics Introduction Summary of Statements   Introduction Financial statements provide valuable financial and operational information about an entity. Different operating entities can include: businesses, charities, trusts, governments, investment portfolios, and individuals. Financial statements serve several purposes for the users of financial [...] The post APP: 012 Intro to Financial Statements appeared first on Accounting Play.

In this particular episode, you will learn About Small Business Tax and Practical Tips Podcast transcript: Disclaimer: This information is for educational purposes only and not to be used as tax or legal advice. Tax law and accounting protocol are constantly changing. Seek an attorney and qualified accountant. Topics Tax Accounting for a Small Business Tax Implications Employees and [...] The post APP: 011 Small Business Tax Tips, USA appeared first on Accounting Play.

In this particular episode, you will learn About Small Business Legal and Practical Tips Podcast transcript: Disclaimer: This information is for educational purposes only and not to be used as tax or legal advice. Tax law and accounting protocol are constantly changing. Seek an attorney and qualified accountant. Audio Small Business Accounting Tips, United States, Communicating with Your [...] The post APP: 010 Small Business Structure Tips, USA appeared first on Accounting Play.

In this particular episode, you will learn About C-Corporations Introduction to S-Corporations Podcast transcript: Disclaimer: This information is for educational purposes only and not to be used as tax or legal advice. Tax law and accounting protocol are constantly changing. Topics Corporation (C-Corporation) Share Types and Stock Ownership Corporate Governance Summary Subchapter S Corporation (S-Corp) Other Business [...] The post APP: 009 Corporations appeared first on Accounting Play.

In this particular episode, you will learn About Partnerships Flow-Through Businesses Podcast transcript: Disclaimer: This information is for educational purposes only and not to be used as tax or legal advice. Tax law and accounting protocol are constantly changing. Topics Flow-through Entities and Corporate Double Taxation General Partnership Limited Partnership (LP) Limited Liability Company (LLC) Sole Member [...] The post APP: 008 Partnerships and Flow-Through Businesses appeared first on Accounting Play.

In this particular episode, you will learn About business types Liability protection Podcast transcript: Topics Business Types, United States Liability Protection and Piercing the Corporate Veil Sole Proprietorship   Business Types, United States The legal structure of a business is referred to as the business entity, while Generally Accepted Accounting Principles (GAAP) provides guidance on different accounting [...] The post APP: 007 Business Types and Sole Proprietorship appeared first on Accounting Play.

In this particular episode, you will learn Accrual and cash basis accounting Double entry accounting Podcast transcript: Accrual Basis Accounting and the Matching Principle Accrual basis accounting is based upon Generally Accepted Accounting Principles (GAAP). This system is double entry and matches revenues and expenses during the proper period. For example, a company could have $50,000 in [...] The post APP: 006 Accrual Accounting appeared first on Accounting Play.

In this particular episode, you will learn Accounting standards, such as Generally Accepted Accounting Principles - GAAP Different types of businesses such as corporations, LLCs, partnerships, and sole proprietorships Podcast transcript: Cash Basis Accounting Cash basis accounting uses the flow of cash to determine when to recognize transactions on the accounting record. Revenue earned for services will [...] The post APP: 005 Cash Basis Accounting appeared first on Accounting Play.

In this particular episode, you will learn Accrual and cash basis accounting Double entry accounting Podcast transcript: Accounting Methods Very small businesses often use a single-entry system to record revenue when received and expenses when they are paid. For example, a traveling massage business “Magic Fingers” may choose to record all cash received from clients as revenue. [...] The post APP: 004 Accounting Methods appeared first on Accounting Play.

In this particular episode, you will learn Accounting standards, such as Generally Accepted Accounting Principles - GAAP Different types of businesses such as corporations, LLCs, partnerships, and sole proprietorships Podcast transcript: Accounting Standards Business Types and Entities Managerial Accounting and Analysis   Accounting Standards There are different accounting standards that are set with a combination of private [...] The post APP: 003 Accounting Standards, Entities, and Analysis Podcast appeared first on Accounting Play.

In this particular episode, you will learn About different accounts such as assets, liabilities, and equity Introduction to financial statements Podcast transcript: Introduction to Accounting Accounts Financial Statements Debits and Credits   Introduction to Accounting Accounting is the system of recording financial transactions with both numbers and text in the form of financial statements. It is useful [...] The post APP: 002 Introduction to Accounts and Financial Statements Podcast appeared first on Accounting Play.

In this particular episode, you will learn Benefits of an accounting career What makes accounting important Podcast transcript: Why Learn Accounting Accounting is the language of business or other words: money talks and BS walks. And those who don’t know, BS stands for Balance Sheet. Yes indeed, accounting tracks where money goes, assets, debts, and ownership. Understanding [...] The post APP: 001 Why Learn Accounting Podcast appeared first on Accounting Play.