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 […]

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

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

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

Monetary policy used by the federal reserve to influence the economy in times of a recessionary or inflationary gap.

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.

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.

Economic history of macro economics introducing classical economics, Keynesian economics and the business cycle.

Gross domestic product GDP, basic macro economic accounting term measuring performance, including C Consumption + I Income + G Government Spending + Net exports (exports – imports).

Market problems including externalities, public goods, and uneven information including pros and cons of government intervention for these market problems.

Economic concept of elasticity crucial economic concept in many economic models, applied to elastic of demand and elasticity of supply.

Economic core concepts of supply, demand & equilibrium including movement along supply and demand curve, s**t in supply and demand curve, and discussion of market based economy & centrally planned economy.

Economic topic of production possibility frontier & comparative advantage are core principles in economics, demonstrating the use of models and concepts of scarcity, opportunity cost, and trade-offs in decision making.

Equivalent units calculation in process cost system to allocate direct material and conversion costs, direct labor & overhead, to proper process in process costs system.

Process cost system defined for manufacturing company including calculation of cost of goods manufactured and cost of goods sold, journal entries related to the process cost system, recording of journal entries to general ledger, and effect on trial balance accounts

Job cost system defined for manufacturing company including calculation of job cost report, journal entries related to the job cost system, recording of journal entries to general ledger, and effect on trial balance accounts

Economics introduction of what economics is and why learn economics, defining economics, exploring economic terms including micro economics and macroeconomics

Statement of cash flow, a financial statement showing the inflow and outflow of cash using 3 categories, operating, investing, and financing.

Issue of bonds at a discount, interest payment calculation, discount amortization on a straight line method, and related journal entries.

Treasury stock issuance and sale, defining treasuring stock & recording related journal entries to trail balance accounts

Partnership, new partner added – related journal entries an impact on existing partner capital accounts.

Partners leaving a partnership selling interest to new partner or to partnership, related journal entries, and effect on partner capital accounts.

Partnership net income allocation to partners & closing process for a a partnership, closing net income to partner capital accounts and draws to partner capital accounts.

Depreciation calculation-straight line method, double declining balance method, units of production method-journal entries to trial balance & comparison of net income, depreciation expense, and accumulated depreciation.