Ch 34: WEST Business & Marketing Education: Financial Ratio Calculations

About This Chapter

Take a look at these lessons to restore your memory about financial ratio calculations. Examine the lesson transcripts and remember this and other accounting calculations as you review for the WEST Business and Marketing Education exam.

WEST Business & Marketing Education: Financial Ratio Calculations - Chapter Summary

The WEST Business and Marketing Education exam covers a wide range of topics, including financial ratio calculations. Follow along with the instructors in these video lessons to gain a deeper understanding of these key accounting concepts:

  • Financial ratio calculations and analysis
  • The accounting equation and its uses
  • Source documents
  • Types of accounts and using ledgers
  • Credits, debits, and business transactions
  • Account analyses and interpretation
  • Recording and analyzing business transactions
  • Performance measurement equations
  • Computing return on assets
  • Trial balance

If you are a little rusty on performing mathematical equations related to accounting, use these lessons as a refresher. Each video leads you through the steps to make different calculations, and our instructors explain when and how to use these calculations to interpret financial data. In the transcripts, you will find written forms of the equations as well as all the related vocabulary terms. It only takes a few minutes to complete each lesson, so you can fit in time to study all throughout your busy day.

WEST Business & Marketing Education: Financial Ratio Calculations Chapter Objectives

The WEST Business and Marketing Education exam includes sections on business management and law; economics and international business; accounting; entrepreneurship and marketing; and information technology, communication, and career and technical education program. The multiple-choice style questions are distributed among these five fields, and 17% of the 110 questions on the entire exam part of the accounting section.

12 Lessons in Chapter 34: WEST Business & Marketing Education: Financial Ratio Calculations
Test your knowledge with a 30-question chapter practice test
Financial Ratio Calculation and Analysis

1. Financial Ratio Calculation and Analysis

After watching this video lesson, you will understand how financial ratios are calculated. You will also understand where they come from and how to read them.

The Accounting Equation: Definition & Components

2. The Accounting Equation: Definition & Components

There are a few basic building blocks that form the foundation of accounting. One of those is the accounting equation. In this lesson, you will learn what makes up the accounting equation, its purpose, and how it works.

Source Documents in Accounting: Definition and Purpose

3. Source Documents in Accounting: Definition and Purpose

Do you know what role source documents play in accounting? If not, don't worry; by the end of this lesson, you will. You will also learn the definition of source documents and see some common examples of source documents.

Using the Accounting Equation: Adding Revenues, Expenses & Dividends

4. Using the Accounting Equation: Adding Revenues, Expenses & Dividends

Accounting is built on a solid foundation called the basic accounting equation. In this lesson, you're going to learn what happens when you add revenue, expenses, and dividends to the basic equation.

What Are Accounts? - Definition and Use to Categorize Transactions

5. What Are Accounts? - Definition and Use to Categorize Transactions

Everything in this world is made up of parts. Accounting is no different. The numerous parts that exist in the accounting world are called accounts. In this lesson, you will learn what accounts are, how they are classified, and what they do.

Ledgers and Chart of Accounts: Definitions and Use

6. Ledgers and Chart of Accounts: Definitions and Use

There are several key concepts that are important to learn when it comes to accounting. In this lesson, you will learn about the ledger and the chart of accounts.

Understanding Debits and Credits in Accounting

7. Understanding Debits and Credits in Accounting

Debits and credits are major players in the accounting world. In this lesson, you will learn just what debits and credits are and why they are important to accounting.

Recording Business Transactions in Accounting

8. Recording Business Transactions in Accounting

Recording a transaction is the first step in the accounting cycle. In this lesson, you will learn why transactions are recorded, where they are recorded, and how they are recorded.

Using the Accounting Equation: Analyzing Business Transactions

9. Using the Accounting Equation: Analyzing Business Transactions

Transaction analysis can be a tricky task. In this lesson, you will learn what transaction analysis is, how to analyze a transaction, and how it is related to the accounting equation.

Computing and Interpreting Return on Assets

10. Computing and Interpreting Return on Assets

There are a number of ratios that can be calculated by information found on the financial statements. In this lesson, you will learn about return on assets.

Journal Entries and Trial Balance in Accounting

11. Journal Entries and Trial Balance in Accounting

There are several concepts that make up an accounting cycle. In this lesson, you will learn about two of those - journal entries and the trial balance.

Financial Statement Ratios: Determining Company Performance

12. Financial Statement Ratios: Determining Company Performance

Have you ever wondered why the financial statements are so important to a company? In this lesson, you will learn about several financial statement ratios and how they help determine company performance.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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