ACC 221 Exam 2 Cram Kit

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Cram Kit Content

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Week 7 – Statement of Cash Flows 13 min 6 Concepts | 1 Practice Exercise

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Module Content

0% Complete 0/6 Steps

What’s the purpose of the Statement of Cash Flows? 0:34

Source vs. Use 03:28

Operating vs. Investing vs. Financing 02:54

When to combine 01:28

When to break apart 01:08

How to create your Statement of Cash Flows 03:29

Statement of Cash Flows – Practice!

Week 8 – Bank Reconciliation 13 min 11 Concepts | 1 Practice Exercise

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Module Content

0% Complete 0/11 Steps

What is bank reconciliation? 00:49

Beginning balances 00:55

Deposits outstanding 00:41

Checks outstanding 00:46

Bank error 01:24

Note collected 00:40

Interest earned 00:34

Service fees 00:56

NSF Checks 01:00

Ensure ending reconciliation balances match 00:55

Adjusting entries for bank reconciliation 02:53

Bank Reconciliation – Practice!

Week 8 – Uncollectible Accounts 7 min 4 Concepts | 1 Practice Exercise

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Module Content

0% Complete 0/4 Steps

What are uncollectible accounts? 00:39

Single Estimated % of Total A/R 02:24

Aging method 01:52

Writing off uncollectible accounts 01:51

Uncollectible Accounts – Practice!

Week 8 – Notes Receivable 7 min 1 Concept | 1 Practice Exercise

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Module Content

0% Complete 0/1 Steps

Notes Receivable 06:41

Notes Receivable (with customer) – Practice!

Week 9 – Inventory Costing (FIFO, LIFO, Weighted-Average) 4 min 3 Concepts | 1 Practice Exercise

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Module Content

0% Complete 0/3 Steps

FIFO (First-In-First-Out) 01:24

LIFO (Last-In-First-Out) 01:19

Weighted-average 00:59

Inventory Costing – Practice!

Practice Exam 2 – ACC 221