Accounting

Absorption vs Variable Costing

Learn absorption vs variable costing with two-period income statements, fixed-overhead inventory reconciliation, reporting rules and practical managerial uses.

14 min read

Accounting Cycle and Trial Balances

Follow the accounting cycle through adjustments, financial statements, closing entries, and three trial balances with a fully reconciled hypothetical example.

17 min read

Activity-Based Costing Explained

Learn activity-based costing with cost pools, drivers, rates, and a two-product example showing how overhead allocation changes product margins and decisions.

17 min read

Audit Opinions: Four Types Explained

Understand the four audit opinions, report wording, going-concern warnings, critical audit matters, and why financial-statement and ICFR opinions can differ.

17 min read

Bank Reconciliation: Worked Example

Learn bank reconciliation with a complete cash-book example, deposits in transit, outstanding checks, bank errors and balanced adjusting journal entries.

17 min read

Break-Even Analysis Explained From Corporate Finance

Learn break even analysis with unit and revenue formulas, a worked example, price-cut effects, target operating profit, and the margin of safety for sales.

11 min readVideo

Cash Management Models Explained

Learn cash management models with Baumol transfer sizes, Miller-Orr control limits, worked examples, daily rates and variance, and practical treasury limits.

15 min read

Common-Size Financial Statements

Learn common-size financial statements with examples of income statements, balance sheets, horizontal changes, indexes and percentage-point differences.

15 min readCalculatorExcel model

Consolidated Financial Statements

Learn consolidated financial statements with a reconciled 80% subsidiary worksheet, goodwill, intercompany eliminations, and noncontrolling interest in equity.

17 min read

Corporate Zero-Based Budgeting

Learn corporate zero-based budgeting through decision packages, service levels, a reconciled cash budget, implementation costs, and practical control checks.

16 min read

Double-Entry Accounting Explained

Learn double-entry accounting with debit and credit rules, journal entries, and eight worked transactions that reconcile T-accounts and the accounting equation.

13 min read

EBITDA Explained: Formula and Examples From Corporate Finance

Learn what EBITDA measures, calculate it from net income or EBIT, and understand adjusted EBITDA, margins, and why earnings differ from operating cash flow.

9 min readVideo

GMROI: Formula and Retail Examples

Learn GMROI with a retail category example, correct margin and turnover formulas, seasonal inventory averages, and practical limits of gross-profit returns.

15 min readCalculatorExcel model

Intercorporate Investments: Fair Value, Equity Method and Consolidation

Classify intercorporate investments under U.S. GAAP and follow a fully reconciled equity-method example covering purchase basis, income, OCI, dividends…

16 min read

Managerial Accounting: Cost Basics

Learn managerial accounting with cost classifications, fixed and variable behavior, and prime and conversion examples that avoid double-counting direct labor.

16 min read

Net Advantage to Leasing: NAL Example From Corporate Finance

Calculate net advantage to leasing with an after-tax lease-vs-buy example, matched cash-flow timing, residual risk, and a break-even annual lease payment.

16 min readCalculatorExcel model

Onerous Contracts: Loss Provisions

Learn how onerous contracts create IAS 37 provisions, compare fulfillment with exit costs, follow journal entries, and distinguish specific U.S. GAAP rules.

15 min read

Overhead Allocation: Rates & Entries

Learn overhead allocation through predetermined rates, job costing, journal entries, and year-end adjustments for underapplied or overapplied factory overhead.

16 min read

Prepaid Expenses: Entries & Cash Flow

Learn prepaid expenses with insurance journal entries, monthly adjustments, statement effects and a cash-flow reconciliation that avoids double counting cash.

15 min read

Segment Reporting: Rules & Analysis

Learn segment reporting under ASC 280, including CODM, 10% tests, 75% revenue coverage, expense disclosures and reconciliations before valuing business units.

18 min read

Sensitivity Analysis Explained From Financial Modeling

Learn sensitivity analysis with a complete profit example, tornado rankings, realistic input ranges, and decision thresholds that show which assumptions matter.

13 min readVideo

Supply Chain Finance Explained

Learn supply chain finance and reverse factoring: invoice costs, payment timelines, DPO, accounting disclosures and liquidity risk when funding is withdrawn.

17 min readCalculatorExcel model

The Enron Scandal Explained

The Enron scandal explained: how accounting estimates, conflicted partnerships, and failing hedges led to bankruptcy, and what investors can learn from it.

13 min readVideo

Three Financial Statements Explained

Learn how three financial statements connect through borrowing, equipment purchases, depreciation, credit sales, retained earnings, and cash reconciliations.

12 min readVideo

Trade Date vs Settlement Date Accounting

Trade date vs settlement date accounting explained with IFRS entries, period-end balances, U.S. GAAP limits, T+1 cash settlement and GIPS performance records.

14 min read

Transfer Pricing: Management and Tax

Learn transfer pricing for managerial decisions and tax rules, with capacity examples, divisional profit reconciliation, arm’s-length methods and documentation.

17 min read

Variance Analysis: Budget vs Actual From Corporate Finance

Learn variance analysis with a budget vs actual profit bridge. Separate sales volume, price, variable spending, and fixed costs using a complete worked example.

8 min readVideo

Work in Progress Inventory: Cost Flows

Understand work in progress inventory with linked manufacturing ledgers, COGM and COGS schedules, journal entries, and a fully reconciled factory example.

16 min read