This study guide covers the principles of financial statements and is a compliment to the Stanford Video Guide to Financial Statements.
Subjects: Business mathematics
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Accounting: The Basics
The Standard Deviants introduce you to the basics of accounting, including GAAP – the generally accepted accounting principles. You’ll learn about owners’ equity, the three types of business organizations, the five types of accounts, and three types of financial statements. It’s fun, it’s feisty, it’s financial – accounting, that is.
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Using Ledgers
The Standard Deviants uncover the dark secrets of the double nature of accounting, and expose Stan’s unique television network. There’s also the hidden mysteries of double-entry accounting, the ledger, balancing accounts, and the general ledger.
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Accounting Tools
The Standard Deviants show you the trusty trial balance, the gutsy T-account, the agile adjusting entry, diabolical depreciation, and receptive accounts receivable. Plus more fun with Stan, and a special guest appearance by Corduroy Cal.
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Income Statements
Standard Deviants Productions brings you a show ripped from the headlines. That’s right, the income statement! See why all the CPAs are raving about this magnificent accounting tool. You’ll laugh, you’ll cry, you’ll balance your accounts.
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Preparing an Income Statement
You’ll learn how to prepare an income statement for a merchandising concern. Concerned? Don’t be, the Standard Deviants know how to make this stuff easier to grasp. They’ll drop by Greta’s Imaginary Friends store and go through the entire process step-by-simple-step.
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Applications
Learn more about Greta’s Imaginary Friends shop, spend some time with Melissa Makeover and Petty Cash – and drop by Al’s Hot Dog Stand, home of the best Polish sausages in the world. You’ll also learn some great techniques to keep those books balanced.
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Business Accounting
Learn more than you ever wanted to know about Al and his hot dog stand. The Standard Deviants take you on a half-hour joy ride through the Polish sausage business, including inventory intricacies, LIFO, FIFO, current assets, cash, and how to get away with playing computer games at work.
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Account Management
The Standard Deviants wrap up the accounting series with a spectacular look at checks outstanding, accounts receivable, non-collectable accounts, and notes receivable. They make it fun, thanks to their friends at Steve’s Driving Service, Henrietta’s Meaty Treats, and the gang at Rent-a-Revolution.
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Accounting Companion CD-ROM
Transform your Standard Deviants School videos into a complete lesson with these supplementary CD-ROMs! Within each lesson, you’ll find everything you need to present and reinforce the material covered in the program, including a Teacher’s Guide with helpful presentation notes, a Program Guide that lists the most important topics in each program, QuikNotes – illustrated notes with definitions and examples, and a quiz. Also usable with the Standard Deviants videos. Mac and PC compatible.