Financial accounting includes fundamental building blocks. These accounting building blocks include the concepts of double entry accounting and debits and credits. This lecture will cover these fundamental financial accounting building blocks of debits and credits and follow the process to the creation of the financial statements. This is an accounting lecture that can be revisited multiple times as we learn more financial accounting concepts because accounting building blocks will be applicable through most finical accounting topics.

References:
Fundamental Accounting Principles Wild 22e
Accounting Warren Reeve Duchac 24e

100.6 Accounting Building Blocks (debit, Credits, Financial Statements)

Classical model, long run,  growth or supply-side, discussing the model most economists held before the 1930 and that has had some concepts come back since the 1970s.

Resources: 
Macroeconomics Colander, 9e
Marginal Revolution http://www.mruniversity.com/
Econ Talk https://www.youtube.com/channel/UCKAu-mTq7iZtKHK6QiBqKPA

EA10,000.10 Classical Model - Long Run, Growth, Supply - Side

Keynesian short run or demand model includes business cycles aggregate demand, short term aggregate supply, and long term aggregate supply. The basis for monetary and fiscal policy recommendations.

Resources: 
Macroeconomics Colander, 9e
Marginal Revolution http://www.mruniversity.com/
Econ Talk https://www.youtube.com/channel/UCKAu-mTq7iZtKHK6QiBqKPA

EA900.10 Â - - Keynesian Model Â - - Short Run Or Demand Side

Fiscal policy including tax and government spending. Discussion of the history and debate over fiscal policy

Resources: 
Macroeconomics Colander, 9e
Marginal Revolution http://www.mruniversity.com/
Econ Talk https://www.youtube.com/channel/UCKAu-mTq7iZtKHK6QiBqKPA

EA1600 Fiscal Policy (1)

Inflation, - How to calculate using index, relationship between inflation and unemployment using the Phillips Curve, and discussion of what drives inflation.

Resources: 
Macroeconomics Colander, 9e
Marginal Revolution http://www.mruniversity.com/
Econ Talk https://www.youtube.com/channel/UCKAu-mTq7iZtKHK6QiBqKPA

MI1800 Inflation - Calculation & Policy

The banking system, definition of money,, and how money is created in the banking system.

Resources: 
Macroeconomics Colander, 9e
Marginal Revolution http://www.mruniversity.com/
Econ Talk https://www.youtube.com/channel/UCKAu-mTq7iZtKHK6QiBqKPA

MA1200 Banks, Money And The Financial Sector (1)

Accounting for governmental and not for profit entities including an introduction of what government and not for profit entities are and starting off with a comparison with for-profit industries. Both in this discussion and within the development of accounting regulations we start with accounting designed around for-profit organizations and then look for those areas that are different, those areas we need to focus in on when thinking about government and not for profit accounting. Most of the differences between for-profit companies and government and not for profit entities stem from differences in objectives, for profit objectives being profit, not for profit objectives being somethings els. For-profit objectives can lead to problems related to companies trying to overstate income or understate expenses but can also have advantages related to market and the way markets tend to pressure companies to run lean, striving to increase profits and reduce expenses. Governmental and not for profit organizations can be considered to have a more noble goal but the lack or a market can lead to different problems, those problems often having to do with waste or not running as efficiently as could be done. Without market forces acting directly on a not for profit entity, there is more pressure on management to act for the objective of the company and make sure the organization is running as efficiently as possible.

Resources: 
Accounting for Governmental & Nonprofit Entities Reck, 17e
An Overview of Governmental Accounting and Financial Reporting by Michael Genito
Basic Governmental Accounting Concept Including Fund Accounting by Professional Education Services LP

GA100 - Introduction To Accounting For Governmental & Not - Fo

Accountant's Guitar 09.02.17

A common question when presenting the accrual principle is whether cash and revenue are overstated. One reason is that we often record revenue before we receive cash. This discussion will discuss the difference between the two methods.

Does Accrual Method Overstate Assets & Revenue

Is cash the same thing as revenue is a common financial accounting test question and a a common question asked by people learning accounting.

Is Cash Ths Same As Revenue

Interest expense is a abstract concept for many, in part, because interest is based on the use of an intangible assets. The concept of paying rent on the use of money is not as easy to grasp as the concept of paying rent on a building but the concepts are very similar.

100.6 Accounting Building Blocks (debit, Credits, Financial Statements)

Accounting Instruction, Help, & How To

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