acct2013 at Mississippi State

3. Expense Recognition

in Chapter 3 (Video 3 of 11)
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If you pay for something today, should we recognize it as an expense? Well, it depends.

The Rest Of The Videos

1 The Journal, Ledger, Trial Balance 14:00
2 Cash vs. Accrual Accounting 7:21
3 Expense Recognition
You are here. 		8:07
4 Accruals and Deferrals 15:07
5 What is an Adjusting Entry? 4:11
6 Adjusting Entry: Supplies 1:54
7 Adjusting Entry: Unearned Revenue 2:11
8 Adjusting Entry: Interest 2:03
9 Contra-accounts 4:40
10 Depreciation 7:10
11 The Closing Process 10:37
Chapter 4 →

Chapter 3 Practice Problems

Click Here to View All Chapter 3 Problems at Once View
1 Adjusting Entry Identification Easy
2 Land Purchased With Cash Easy
3 Revenue Recognition Easy
4 Revenue Recognition Easy
5 Revenue Journal Entry Easy
6 Closing Journal Accounts Easy
7 Determining Net Income From Journal Entries Moderate
8 Determining Net Income From Transactions Moderate
9 Closing Process Moderate
10 Prepaid Rent Moderate
11 Revenue Recognition Moderate
12 What Should Be Journaled Moderate
13 Adjusting Journal Entries Hard
14 Adjusting Journal Entries Hard
15 Revenue and Expense Recognition Hard
16 The Effect of Transactions Hard
17 When You Forget to do Adjusting Entries Hard
18 Year End Closing & Account Classification Hard
← Chapter 2

Did I miss anything in Chapter 3?

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