#8 Time Value of Money & Capital Budgeting - Present Value
Learn the concept of the time value of money and how to make long-term capital budgeting decisions from a practicing CPA, CGMA, CPI, with B.S.Tax.
2 Managerial Accounting Overview
FREE PREVIEWPDF - 10 Managerial Accounting Introduction
FREE PREVIEW10 Managerial Accounting Introduction
FREE PREVIEWPDF - 20 Cost Classifications
FREE PREVIEW20 Cost Classifications
FREE PREVIEWPDF - 30 Product Costs & Period Costs
30 Product Costs & Period Costs
PDF - 40 Prime Costs & Conversion Costs
40 Prime Costs & Conversion Costs
PDF - 50 Manufacturer's Balance Sheet
50 Manufacturer's Balance Sheet
PDF - 60 Manufacturer's Income Statement
60 Manufacturer's Income Statement
PDF - 70 Manufacturing Activities Flow
70 Manufacturing Activities Flow
PDF - 80 Just In Time (JIT) Manufacturing
80 Just In Time (JIT) Manufacturing
Multiple choice questions 1
Accounting Comic Break
3 Payback Period & Accounting Rate of Return
FREE PREVIEWPDF - 210 Payback Period, Accounting Rate of Return, & Net Present Value
210 Payback Period, Accounting Rate of Return, & Net Present Value
Download Excel Worksheet
Worksheet - 210 Payback period, accounting rate of return net present value of project-Excel (1)
Multiple choice questions 2
Accounting Comic Break
4 Present Value of A Single Amount
FREE PREVIEWPDF - 350 Present Value
350 Present Value
Download Excel Worksheet
Worksheet - 350 Present Value
PDF - 352 Present Value Months as Period
352 Present Value Months as Period
Download Excel Worksheet
Worksheet - 352 Present Value Months
Multiple choice questions 3
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5 Future Value of A Single Amount
FREE PREVIEWPDF - 360 Future Value
360 Future Value
Download Excel Worksheet
Worksheet - 360 Future Value
PDF - 362 Future Value Months As Period
362 Future Value Months As Period
Download Excel Worksheet
Worksheet - 362 Future Value Months
PDF - 363 Future Value vs Present Value
363 Future Value vs Present Value
Download Excel Worksheet
Worksheet - 363 Present Value vs Future Value
Multiple choice questions 4
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6 Present Value of An Annuity
FREE PREVIEWPDF - 365 Present Value Annuity
365 Present Value Annuity
Download Excel Worksheet
Worksheet - 365 Present Value Annuity
PDF - 366 Present Value Annuity Months as Period
366 Present Value Annuity Months as Period
Download Excel Worksheet
Worksheet - 366 Present Value Annuity Months
Multiple choice questions 5
Accounting Comic Break
Responsibility accounting & performance measures.
We will describe the concept of decentralization, how it applies to businesses, and the pros and cons of a more decentralized organization from a centralized one.
The course will cover general managerial accounting concepts necessary to study responsibility accounting, comparing and contrasting managerial accounting and financial accounting.
We will explain what a responsibility accounting system looks like and the benefits of a responsibility accounting system.
The course will discuss the categorization of costs between direct costs and indirect costs and why this categorization between direct and indirect is useful for reporting financial data by department.
We will describe the problems with allocating indirect costs to the proper departments and explain various methods for allocating indirect costs.
The course will describe what a departmental income statement is and how to create a departmental income statement.
We will explore what a forecasted departmental income statement is and put together a forecasted departmental income statement.
The course will discuss other performance measures like return on investment (ROI) and a balance scorecard.
We will also complete a comprehensive problem using preformatted Excel worksheets and step by step instructional videos.
Instructor
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele’s teaching philosophy is to make content applicable, understandable, and accessible.
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge.