PreparED Study Materials
BUS 2005: Principles of Economics
School: Virginia Polytechnic Institute and State University
Number of Notes and Study Guides Available: 1
Notes
Videos
How Enhancing Qualities Strengthen the Conceptual Framework
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore the importance of the conceptual framework in identifying significant variables and making informed decisions. Learn about the enhancing qualities of qualitative characteristics that enhance transparency and credibility in financial reporting.
nderstanding Overhead Rates in Cost Accounting: Key Steps
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Understand the significance of the predetermined overhead rate in cost accounting. Learn the step-by-step process of estimating overhead costs, choosing the allocation base, and allocating these costs to products. Grasp the importance of accurate cost representation for effective decision-making.
Demystifying Financial Instruments: T-Bills, CDs, and More
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore essential financial instruments without diving into complexity. From Treasury bills to Federal funds, uncover the basics of short-term debt and money market tools that drive economic stability.
Accounting Essentials: Making Information Relevant & Reliable
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore the pillars of accounting information: Relevance and Reliability. Understand sub-components like predictive value, timeliness, and verifiability. Discover how these qualities enhance decision-making in finance
Decoding Equity Statements: Stockholders' Equity vs. Retained Earnings
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Explore the significance of financial statements in this video, focusing on the statement of stockholders' equity and the statement of retained earnings. Understand how these documents detail changes in equity accounts, accumulated profits, and dividend disbursements, providing insights into a company's financial health and reporting.
Contra Revenue Accounts: Adjusting for True Revenue in Accounting
Want To Learn More? To watch the entire video and ALL of the videos in the series:
Discover the unique role of contra revenue accounts in accounting, emphasizing their debit balance nature and their use in adjusting gross revenue. Explore examples like sales discounts, returns, and allowances to grasp their impact on a company's reported income.