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Accounting Resources: Basic Accounting Videos

An overview of available accounting resources through the Trident Technical College library System

Language of Accounting

Introductions and Definitions
When it comes to finances, “approximately” is just not good enough. Accounting professionals are expected to understand all the ins and outs of money matters, applying the rules of accountancy with good sense and care. With that in mind, this program starts with the basics, introducing the purpose of accounting, identifying the AICPA and FASB, explaining the concept of GAAP, and spelling out the differences between CPAs and CMAs. After contrasting three types of business organizations, the program moves on to the actual process of recording and tracking transactions. Types of business transactions, charts of accounts, journalizing and posting transactions, the rules of debits and credits, the purpose of the trial balance, and four main types of financial statements are described. The accounting equation is also presented. A Cambridge Educational Production. (15 minutes full video or shorter segments available for viewing option)

Financial Reporting for Business

Accounting reports convey vital information about cash, profits, and financial position to the owner and key stakeholders of a business. This program explores the content and format of the three key accounting reports: the cash flow statement, the profit and loss statement, and the balance sheet. Interviews with working accountants and financial managers show how these reports are used within a business for analysis and decision making. In addition to various reporting functions, the program also introduces viewers to principles of data storage, the basics of financial spreadsheets, and some examples of accounting and bookkeeping software. Viewable/printable educational resources are available online. (27 minutes full video or shorter segments available for viewing option)