Professor Sabine D'Amico, CPA, CMA, MBA, CSSMBB
Want to learn about accounting? You are in the right place!
I’m Sabine, a CPA, CMA, MBA and CSSMB with over 25 years of experience in public accounting and industry. I am creating educational videos to help my students at Moorpark College and anyone else who is interested in learning more about Introduction to Accounting, Payroll Accounting, and Accounting Ethics. I also have a playlist for Balance Sheet reconciliations and Bank reconciliations.
On this channel, you’ll find how-to tutorials / lectures with many examples that help make accounting concepts easier to understand and to apply in practice. Whether you’re just starting out or expanding your skills, I will guide you through the topics that are important for accounting students and accountants.
Got questions or requests? Drop a comment on any video, and I’ll get back to you.
Professor Sabine D'Amico, CPA, CMA, MBA, CSSMBB
Accrued expenses are reported as current liabilities because:
5 months ago | [YT] | 2
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Professor Sabine D'Amico, CPA, CMA, MBA, CSSMBB
Which journal entry is made when cash is paid in the next period for a previously recorded accrued expense (which wasn't auto-reversed)?
5 months ago | [YT] | 1
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Professor Sabine D'Amico, CPA, CMA, MBA, CSSMBB
How does failing to record accrued expenses affect financial statements?
5 months ago | [YT] | 3
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Professor Sabine D'Amico, CPA, CMA, MBA, CSSMBB
Recording accrued wages payable would consist of the following journal entry:
5 months ago | [YT] | 3
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Professor Sabine D'Amico, CPA, CMA, MBA, CSSMBB
Which of the following is not typically classified as an accrued expense?
5 months ago | [YT] | 2
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Professor Sabine D'Amico, CPA, CMA, MBA, CSSMBB
A company records rent owed but unbilled of $5,000 at the end of the period. This is an example of:
5 months ago | [YT] | 4
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Professor Sabine D'Amico, CPA, CMA, MBA, CSSMBB
At year-end, a company owes $2,500 for utilities used in December but will receive the bill in January. The correct adjusting entry is:
5 months ago | [YT] | 1
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Professor Sabine D'Amico, CPA, CMA, MBA, CSSMBB
A gym charges a $200 initiation fee and $50 monthly dues for 12 months. The upfront fee covers only initiation. How should the $200 be recognized?
5 months ago | [YT] | 2
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Professor Sabine D'Amico, CPA, CMA, MBA, CSSMBB
According to revenue recognition rules, when performance obligations are continuous over a year, revenue should generally be recognized:
5 months ago | [YT] | 3
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Professor Sabine D'Amico, CPA, CMA, MBA, CSSMBB
Company Z delivers goods on consignment. Under SEC guidance, when is revenue recognized?
5 months ago | [YT] | 1
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