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Accounting 201: Intermediate Accounting I

Course Summary

This course's engaging lessons and quizzes help you study important intermediate accounting topics. Accounting 201: Intermediate Accounting I offers a convenient and effective way to prepare for accounting exams, improve your grades and strengthen your accounting skills.
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14 chapters in Accounting 201: Intermediate Accounting I

Course Progress Best Score
Lesson 1 - The Balance Sheet: Purpose, Components & Format Score: {{cp.lessonAssetIdToProgress[9171].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9171].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - How to Prepare the Basic Balance Sheet and Statement of Cash Flows Score: {{cp.lessonAssetIdToProgress[12521].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12521].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Business Assets: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15850].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15850].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Total Assets: Definition & Explanation Score: {{cp.lessonAssetIdToProgress[7562].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7562].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Liabilities in Accounting: Definition & Examples Score: {{cp.lessonAssetIdToProgress[7487].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7487].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Contingent Liabilities: Definition & Examples Score: {{cp.lessonAssetIdToProgress[53803].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[53803].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Total Liabilities: Definition & Explanation Score: {{cp.lessonAssetIdToProgress[7560].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7560].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Reporting Depreciation on the Balance Sheet Score: {{cp.lessonAssetIdToProgress[29926].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[29926].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Stockholder's Equity: Definition & Formula Score: {{cp.lessonAssetIdToProgress[16007].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16007].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - The Components of Stockholder Equity Score: {{cp.lessonAssetIdToProgress[54008].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54008].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - How to Prepare a Balance Sheet in Accounting Score: {{cp.lessonAssetIdToProgress[408527].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[408527].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - The Purpose of Notes on Financial Statements Score: {{cp.lessonAssetIdToProgress[9174].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9174].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Accounting Policies as Balance Sheet Disclosures Score: {{cp.lessonAssetIdToProgress[310157].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[310157].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Parenthetical Explanations in Accounting: Examples & Analysis Score: {{cp.lessonAssetIdToProgress[310149].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[310149].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Cross-References on Balance Sheets: Examples & Analysis Score: {{cp.lessonAssetIdToProgress[310151].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[310151].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Valuation Allowances in Accounting: Examples & Analysis Score: {{cp.lessonAssetIdToProgress[310153].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[310153].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Supporting Schedules on Balance Sheets: Examples & Analysis Score: {{cp.lessonAssetIdToProgress[310155].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[310155].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Related Parties in Accounting: Examples & Analysis Score: {{cp.lessonAssetIdToProgress[310159].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[310159].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Related Party Transactions: Definition & Examples Score: {{cp.lessonAssetIdToProgress[243713].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[243713].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Comparative Statements as Balance Sheet Disclosures Score: {{cp.lessonAssetIdToProgress[310161].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[310161].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Subsequent Events Disclosure: Example & Analysis Score: {{cp.lessonAssetIdToProgress[310163].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[310163].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Contingencies on Balance Sheets: Example & Analysis Score: {{cp.lessonAssetIdToProgress[310165].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[310165].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - What Is an Income Statement? - Purpose, Components & Format Score: {{cp.lessonAssetIdToProgress[9172].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9172].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Operations of an Income Statement Score: {{cp.lessonAssetIdToProgress[53993].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[53993].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Cost of Goods Sold on an Income Statement: Definition & Formula Score: {{cp.lessonAssetIdToProgress[7574].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7574].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Net Profit: Definition & Calculation Score: {{cp.lessonAssetIdToProgress[7535].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7535].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Net Loss: Definition & Formula Score: {{cp.lessonAssetIdToProgress[7507].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7507].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - How to Make an Income Statement: Example & Analysis Score: {{cp.lessonAssetIdToProgress[408529].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[408529].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Preparing a Budgeted Income Statement Score: {{cp.lessonAssetIdToProgress[80576].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80576].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Preparing Standard Cost Income Statements Score: {{cp.lessonAssetIdToProgress[80591].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[80591].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Comparing Income Measurement & Profitability Score: {{cp.lessonAssetIdToProgress[310169].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[310169].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Cash Receipts Journal: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15956].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15956].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Cash Payments Journal: Definition & Example Score: {{cp.lessonAssetIdToProgress[16045].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16045].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Indirect & Direct Ways to Report Operating Activities Score: {{cp.lessonAssetIdToProgress[54017].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54017].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - The Six-Step Process for Preparing a Statement of Cash Flows Score: {{cp.lessonAssetIdToProgress[54015].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54015].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Analyzing Cash Flow Statement Patterns Score: {{cp.lessonAssetIdToProgress[54013].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54013].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Present and Future Value: Calculating the Time Value of Money Score: {{cp.lessonAssetIdToProgress[1984].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[1984].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - What is Annuity? - Definition & Formula Score: {{cp.lessonAssetIdToProgress[10486].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10486].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Present & Future Values of Multiple Cash Flows Score: {{cp.lessonAssetIdToProgress[69822].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[69822].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Discounted Cash Flow, Net Present Value & Time Value of Money Score: {{cp.lessonAssetIdToProgress[82342].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[82342].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Internal Controls in Accounting: Definition, Types & Examples Score: {{cp.lessonAssetIdToProgress[15040].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15040].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Typical Problems with Financial Information Score: {{cp.lessonAssetIdToProgress[15039].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15039].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Safeguards & Controls of Banking Activities Score: {{cp.lessonAssetIdToProgress[15041].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15041].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Control of Cash: Definition & Methods Score: {{cp.lessonAssetIdToProgress[15042].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15042].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Control of Cash Receipts & Disbursements Score: {{cp.lessonAssetIdToProgress[15043].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15043].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - What is Bank Reconciliation? - Definition, Purpose, Process & Examples Score: {{cp.lessonAssetIdToProgress[15045].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15045].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Technology's Impact on the Internal Control System Score: {{cp.lessonAssetIdToProgress[15046].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15046].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Error vs. Fraud in Financial Reporting Score: {{cp.lessonAssetIdToProgress[408531].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[408531].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - The Sarbanes-Oxley Act: Definition and Explanation Score: {{cp.lessonAssetIdToProgress[15048].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15048].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - External Audits of Financial Statements Score: {{cp.lessonAssetIdToProgress[9176].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9176].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Inventory Control Systems: Types & Purpose Score: {{cp.lessonAssetIdToProgress[40393].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[40393].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Inventory Cost: Definition, Methods & Types Score: {{cp.lessonAssetIdToProgress[23185].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23185].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Calculating Beginning Inventory: Formula & Explanation Score: {{cp.lessonAssetIdToProgress[7575].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7575].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Calculate Ending Inventory: Formula & Explanation Score: {{cp.lessonAssetIdToProgress[7552].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[7552].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Perpetual and Periodic Inventory Systems Score: {{cp.lessonAssetIdToProgress[23187].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23187].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Accounting for Inventory Purchases Score: {{cp.lessonAssetIdToProgress[23186].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23186].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Recording Purchases Using the Perpetual System Score: {{cp.lessonAssetIdToProgress[23188].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23188].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Accounting for Inventory Sales Score: {{cp.lessonAssetIdToProgress[23189].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23189].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Recording Sales Using the Perpetual System Score: {{cp.lessonAssetIdToProgress[23190].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23190].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Inventory Counting: Process & Methods Score: {{cp.lessonAssetIdToProgress[23192].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23192].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Inventory Valuation Methods: Specific Identification, FIFO, LIFO & Weighted Average Score: {{cp.lessonAssetIdToProgress[18503].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[18503].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - The Effects of Financial Statements on Costing Methods Score: {{cp.lessonAssetIdToProgress[23194].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23194].bestScoreQuestions}}  Take Quiz Optional
Lesson 13 - The Effects of Inventory Errors Score: {{cp.lessonAssetIdToProgress[23195].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23195].bestScoreQuestions}}  Take Quiz Optional
Lesson 14 - The Lower of Cost or Market of Inventory: Definition & Method Score: {{cp.lessonAssetIdToProgress[23197].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23197].bestScoreQuestions}}  Take Quiz Optional
Lesson 15 - Net Realizable Value of Inventory: Definition & Method Score: {{cp.lessonAssetIdToProgress[23196].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[23196].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Recording Business Transactions in Accounting Score: {{cp.lessonAssetIdToProgress[10857].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10857].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - How to Record Asset Acquisition, Disposal & Impairment in Accounting Score: {{cp.lessonAssetIdToProgress[310181].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[310181].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Direct & Indirect Expenses: Definition & Examples Score: {{cp.lessonAssetIdToProgress[89877].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[89877].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Operating Expenses: Definition, Formula & Examples Score: {{cp.lessonAssetIdToProgress[15992].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15992].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - How to Calculate Depreciation Expense: Definition & Formula Score: {{cp.lessonAssetIdToProgress[16050].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16050].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Methods of Depreciation Score: {{cp.lessonAssetIdToProgress[29924].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[29924].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Partial-Year Depreciation & Changes in Estimates Score: {{cp.lessonAssetIdToProgress[29925].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[29925].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Accumulated Depletion Score: {{cp.lessonAssetIdToProgress[54449].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54449].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Amortization of Intangible Assets: Definition & Examples Score: {{cp.lessonAssetIdToProgress[310183].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[310183].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Role of Financial Accounting in Management & Decision Making Score: {{cp.lessonAssetIdToProgress[310187].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[310187].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Using the Statement of Cash Flows for Decision Making Score: {{cp.lessonAssetIdToProgress[54016].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54016].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Forecasting: Strategic Role, Components & Types Score: {{cp.lessonAssetIdToProgress[40415].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[40415].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - The Role of Cost Accounting in Management Score: {{cp.lessonAssetIdToProgress[40542].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[40542].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Computing and Interpreting Return on Assets Score: {{cp.lessonAssetIdToProgress[10859].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[10859].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Break-Even Analysis: Definition & Example Score: {{cp.lessonAssetIdToProgress[69851].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[69851].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Expected Values of Perfect Information in Business Score: {{cp.lessonAssetIdToProgress[43290].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43290].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Common Financial Ratios: Terms & Use Score: {{cp.lessonAssetIdToProgress[408533].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[408533].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - The Working Capital Ratio: Formula & Use Score: {{cp.lessonAssetIdToProgress[408535].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[408535].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Quick Ratio in Accounting: Definition, Formula & Example Score: {{cp.lessonAssetIdToProgress[16024].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16024].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - How to Calculate Earnings Per Share: Definition & Formula Score: {{cp.lessonAssetIdToProgress[16027].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16027].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - The Price-Earnings Ratio: Definition, Formula, and Analysis Score: {{cp.lessonAssetIdToProgress[408537].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[408537].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - The Debt to Equity Ratio: Definition, Calculation, & Usefulness Score: {{cp.lessonAssetIdToProgress[408539].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[408539].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - The Return on Equity Ratio: Formula, Calculation & Analysis Score: {{cp.lessonAssetIdToProgress[408541].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[408541].bestScoreQuestions}}  Take Quiz Optional

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