Lesson Viewed

Inventory and the Cost of Goods Sold

This lesson discusses the accounting treatment of inventory: how to value inventory on the balance sheet, inventory as an expense (the cost of goods sold), and different methods of determining the cost of goods sold. It does not cover the lower-of-cost-or-market rule, which is dealt with in a separate lesson.

Learning Outcomes

On completion of the lesson, the student will be able to:

Lesson Viewed

Methods of Depreciation

This lesson discusses the different methods of calculating depreciation expense. Students who take this lesson should already be familiar with the basic concept of depreciation. If you are not, you should first take the companion lesson, An Introduction to Depreciation.

Lesson Viewed

An Introduction to Depreciation

This lesson is an introduction to the basic concept of depreciation. It discusses depreciation as an expense, how to determine the cost, or basis, of an asset, and the balance sheet treatment of depreciable assets. It does not discuss the different methods of depreciation. That is dealt with in another lesson, Methods of Depreciation.

Lesson Viewed

Debit Card Basics

Bank debit cards (sometimes called bank cards or ATM cards) may look like credit cards, but they do not typically have the same features or provide the same protections against loss. Debit cards are associated with a checking (or savings) account owned by the customer. In this lesson we will look at issuance of debit cards, disclosure requirements, imposition of overdraft fees, and the handling of errors and losses on debit cards.

A Book Is A Book And Other Thoughts On Our Webby Future

In February I wrote that every book is a website and we need to embrace the webiness of books. This led to some good discussion about the nature of books generally and casebooks in particular and about the nature of websites. The discussion helped clarify a couple of things in my mind.

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