CAA Ch. 1

This website does a great job explaining the accounting assumptions. (Learning Target 1.C)

Watch these Investopedia videos and read the explanation for the definition of Cash Basis Accounting and Accrual Basis Accounting (Learning Target 1.E)

Watch these Khan Academy videos for explanations of concepts in Learning Target 1.E (watch them in order as they progress through an example):

Cash basis accounting

Accrual basis accounting

Comparing cash vs. accrual

Relationship between Balance Sheet & Income Statement (Take the quizzes after this video to check your understanding!)

Basic cash flow statement

Watch this video for an explanation of FASB and accounting standards. (Learning Target 1.F)

This video explains how to calculate and analyze the Current Ratio (Learning Target 1.G)

The following videos may help you review the concepts from Chapter 1.

Part 1 Learning Targets A, B & D: https://www.youtube.com/watch?v=TPRgbESmg34 (11 minutes)

Part 2 Learning Target E: https://www.youtube.com/watch?v=JBlFfqxlBlQ (10 minutes)

Part 3 Learning Target E, F: https://www.youtube.com/watch?v=xfndL1Qy0vE (13 minutes)

Part 4 Learning Target E: https://www.youtube.com/watch?v=Cb1oz968Ud4 (8.5 minutes)