[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] #  @accountingprofessor Accounting Professor Accounting Professor posts on TikTok about accounting, balance sheet, the face, the first the most. They currently have XXXXXX followers and XXX posts still getting attention that total XXXXX engagements in the last XX hours. ### Engagements: XXXXX [#](/creator/tiktok::7338287449276662830/interactions)  - X Week XXXXX +154% - X Month XXXXXX -XX% - X Months XXXXXXX -XX% - X Year XXXXXXX -XX% ### Mentions: XX [#](/creator/tiktok::7338287449276662830/posts_active)  - X Month XX -XX% - X Months XXX +15% - X Year XXX -XX% ### Followers: XXXXXX [#](/creator/tiktok::7338287449276662830/followers)  - X Week XXXXXX +0.16% - X Month XXXXXX +0.66% - X Months XXXXXX +11% - X Year XXXXXX +53% ### CreatorRank: XXXXXXXXX [#](/creator/tiktok::7338287449276662830/influencer_rank)  ### Social Influence **Social category influence** [finance](/list/finance) **Social topic influence** [accounting](/topic/accounting) #142, [balance sheet](/topic/balance-sheet) #1234, [the face](/topic/the-face) #543, [the first](/topic/the-first), [common](/topic/common) #91, [business](/topic/business), [liquidity](/topic/liquidity) #3293, [credits](/topic/credits), [year of](/topic/year-of), [finance](/topic/finance) **Top accounts mentioned or mentioned by** [@accounting](/creator/undefined) [@max](/creator/undefined) [@aristide](/creator/undefined) [@tera155](/creator/undefined) [@kevin](/creator/undefined) [@user0001123](/creator/undefined) [@unclechad8](/creator/undefined) [@poedza4](/creator/undefined) [@bigmedicenergy](/creator/undefined) [@ddiegofig](/creator/undefined) [@bethany](/creator/undefined) [@fewdi](/creator/undefined) [@xo](/creator/undefined) [@savannah](/creator/undefined) [@april](/creator/undefined) [@jamel](/creator/undefined) [@nick](/creator/undefined) [@rohit](/creator/undefined) [@nontethelelo](/creator/undefined) [@dianag](/creator/undefined) ### Top Social Posts Top posts by engagements in the last XX hours "In intro accounting double declining balance is the most complex method for calculating depreciation. Dont use salvage value until the final year of the assets useful life Ill cover that specifically in another post #accounting #study #studytok #studywithme #learnontiktok #accountant #accountancy #unitok" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7372913767237078315) 2024-05-25T12:31Z 26.6K followers, 1302 engagements "In intro accounting its important to know terminology so youre speaking the same language as your professor. Capitalizing vs expensing is an important distinction for how we handle costs. Capitalizing means adding it to an asset on our balance sheet while expensing means adding it to an expense account on our income statement. #accounting #study #unitok #fyp #foryou" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7373761531231915310) 2024-05-27T19:20Z 26.6K followers, 20.7K engagements "In #intro #accounting #class we sometimes issue #bonds at a premium which means the cash we receive is greater than the face value of the bonds. Here I walk through an example of a #journalentry to record the issuance of a bond at a premium as well as a journal entry to record the first year interest expense cash payment and premium amortization. #study #students #major #unitok Check out the linked video below for a brief tutorial on how to calculate the PV of a bond using a financial calculator @Accounting Professor" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7390556296593820970) 2024-07-12T01:33Z 26.6K followers, 4464 engagements "In intro accounting we cover amortization for intangible assets the same way we cover depreciation for PP&E. We expense it over the useful life of the intangible asset. Dont forget intangible assets do not have a salvage (aka residual) value #accounting #study #class #explained #journalentry" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7406082405611752746) 2024-08-22T21:42Z 26.6K followers, 17.5K engagements "Replying to @ddiegofig one of our most important accounts in accounting is retained earnings which represents the cumulative earnings (net income) of our company over its lifetime less any dividends paid to shareholders. #accounting #finance #study #explained #financialstatements" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7407827708324973866) 2024-08-27T14:35Z 26.6K followers, 17.2K engagements "Replying to @i in intro accounting class we learn three inventory cost flow assumptions (specific identification tracks each item and is therefore not an assumption): FIFO (first-in first-out) LIFO (last-in first-out) and average cost. We use these to compute our cost of goods sold. Even though perpetual inventory systems are much more common for large companies I illustrate these cost flow assumptions using a periodic system. #accounting #study #explained #inventory #lifo #fifo #averagecost" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7431038666660760875) 2024-10-29T03:45Z 26.6K followers, 18.6K engagements "In intro accounting we learn that a balance sheet is one of our main financial statements that companies prepare for financial reporting. It is a snapshot of what resources our company has (assets) and how it financed what it has (liabilities + stockholders equity) at any given point in time. #accounting #explained #study #balancesheet #balance #sheet #asset #liabilities #equity" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7509713341510733102) 2025-05-29T04:04Z 26.6K followers, 13.7K engagements "#bond problems can be confusingmake sure you have the terminology down to master them #accounting #explained #educational #learning #fyp #foryou" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7355473706904341802) 2024-04-08T12:35Z 26.5K followers, 1156 engagements "Additional Paid In Capital (APIC) is part of what we refer to as contributed capital (along with the Common Stock account). When a company sells stock the cash received is equal to: price * number of shares sold. Of that amount we put Par Value * number of shares into the Common Stock account. The difference goes into APIC Questions Drop em in the comments #foryou #foryoupage #fyp #fyp #professorp #education #educational #liveloveaccounting #easyaccountingforyou #accrual #introaccounting #learning #learningisfun #professor #college #business #accountingmadeeasy #financial #finance #accounting" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7349927585909853486) 2024-03-24T13:53Z 26.6K followers, XXX engagements "If youre an intro #accountingstudent you need to know the #revenue recognition principle. We recognize revenue whenever we earn it by providing a good or service to a customer. #accounting #class #fyp #foryou #college #study #studytok #studywithme #accountant #accountancy #easyaccountingforyou #educational #learnontiktok" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7366645963756178730) 2024-05-08T15:09Z 26.6K followers, 12.3K engagements "Adjusting entries for accrued revenues help us to record revenue that has been earned but will not be received in cash until a later point. A good example is when we earn interest revenue by loaning money to someone else. #accounting #fyp #foryou #study #studytok #studywithme #educational #LearnOnTikTok #accountant #accountancy #accountingstudent #accountancystudent" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7370726130233527594) 2024-05-19T15:02Z 26.6K followers, 2161 engagements "We have two types of capital that make up our stockholders equity: contributed capital and earned capital. Contributed capital refers to what investors have CONTRIBUTED to become shareholders (common stock APIC preferred stock) while EARNED capital refers to our earnings (net income) that is retained in our business (in the retained earnings account). #accounting #study #fyp #unitok #educational" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7377840056188276010) 2024-06-07T19:07Z 26.6K followers, 1588 engagements "In intro #accounting class we learn about what costs to capitalize on our balance sheet in PP&E. Our rule is that we capitalize all costs necessary to get the #equipment ready for its intended use. This includes things like taxes shipping any modifications or renovations necessary to begin using the equipment. I go through an example and include the #journalentry we would use to capitalize the purchase. #study #unitok #capitalize" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7396905808807709995) 2024-07-29T04:12Z 26.6K followers, 4744 engagements "Replying to @S J in intro accounting we learn both accounts payable and unearned revenue are current liability accounts on our balance sheet. However they are quite different. The summary is that accounts payable are obligations we resolve by paying CASH and unearned revenues are obligations we resolve by providing goods or services to customers (who already paid for those goods or services). #accounting #major #study #explained #liabilities" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7409345102486801710) 2024-08-31T16:43Z 26.6K followers, 10.6K engagements "In intro accounting class we need to learn what assets are and what accounts we are referring to when we talk about assets #accounting #study #explained #asset" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7457671227663093038) 2025-01-08T22:13Z 26.6K followers, 10.7K engagements "In intro accounting we learn that an income statement (or statement of profit & loss) is one of our main financial statements that reports our revenues and expenses over a period of time. #accounting #explained #study #income #statement #revenue #expenses" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7510281829702913326) 2025-05-30T16:50Z 26.6K followers, 5203 engagements "Stockholders #equity is comprised of amounts contributed by owners/#shareholders (contributed capital) as well as net income reinvested in the business (retained earnings). #accounting #explained #educational #learning #fyp #foryou" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7356191702165638443) 2024-04-10T11:02Z 26.6K followers, XXX engagements "In #intro #accounting #class students sometimes struggle with the #journalentry to repurchase treasury stock and then entries to subsequently reissue treasury stock. Remember that we always add and remove treasury stock at what we paid for it and that we use APIC as a plug figure to make our journal entry balance when reissuing treasury stock. #study #major #student #unitok" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7389337643882171694) 2024-07-08T18:44Z 26.6K followers, 2582 engagements "Replying to @xo birgitte its incredibly important to report our financial statements on a timely basis because timeliness is one of the biggest factors contributing to information usefulness. The whole purpose of financial reporting is to provide useful information to financial statement users so timeliness is critical in achieving this goal #accounting #study #unitok #financial #reporting #financialstatements #information #useful #investors" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7398220650491448619) 2024-08-01T17:14Z 26.5K followers, 2943 engagements "Replying to @tera155 in intro accounting class we learn the quick ratio is another more stringent liquidity test that measures a companys ability to meet their short-term obligations. It is similar to the current ratio. The difference is the quick ratio takes current assets MINUS inventory and divides that all by current liabilities. It generally gives a more accurate pictute of a companys truly liquid assets and whether those can cover current liabilities. #accounting #ratio #study #major #finance" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7414134472662273326) 2024-09-13T14:28Z 26.6K followers, 5285 engagements "Replying to @Savannah SAHM 🫶🏼 stockholders equity is financing that has either been contributed by shareholders (Common Stock & APIC) or earned by the company (Retained Earnings). #accounting #explained #study #equity #stock #stockholdersequity #retainedearnings" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7506997804460608814) 2025-05-21T20:25Z 26.6K followers, 13.2K engagements "Some basic #facts about the #incomestatement #greenscreen #foryou #foryoupage #fyp #fyp #professorp #education #educational #easyaccountingforyou #introaccounting #learning #learningisfun #professor #college #business #accountingmadeeasy #accounting #university #accountingstudent #student #students" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7351123813297376554) 2024-03-27T19:15Z 26.6K followers, 56.9K engagements "Accumulated depreciation is a contra-asset account on our balance sheet. This relates to our PP&E account and accumulates the depreciation expenses we charge each period. Net Book Value (NBV) for an asset = Acquisition Cost - Accumulated Depreciation. #accounting #explained #professor #college #fyp #learning #depreciation" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7352991297923222827) 2024-04-01T20:01Z 26.6K followers, 2069 engagements "Here are the basics for depreciation of long-lived assets #accounting #study #studytok #studywithme #educational #learnontiktok #fyp #foryou #accountant #accountancy" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7372181363824266538) 2024-05-23T13:08Z 26.6K followers, 5985 engagements "In #intro #accounting #class we sometimes issue #bonds at a discount which means the cash we receive is less than the face value of the bonds. In this example I walk through creating a #journalentry for issuing the bonds and also for the first year cash payment interest expense and bond amortization. #study #student #major #unitok Check out the linked video below for how to calculate present value for bonds using a financial calculator @Accounting Professor" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7390085330134945070) 2024-07-10T19:05Z 26.6K followers, 1888 engagements "Quick study guide for how to account for bonds in intro accounting class. Comparing the coupon rate to the market interest rate will help you tell which scenario and related journal entries you will need #accounting #study #student Here are longer videos explaining each scenario in more detail: Discount: @Accounting Professor Face Value: @Accounting Professor Premium: @Accounting Professor" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7390919625850015019) 2024-07-13T01:02Z 26.6K followers, 8094 engagements "In intro #accounting we have a whole chapter dedicated to the statement of cash flows as its one of the most useful financial statements. Here I walk through the steps you should follow to approach creating a statement of cash flows problem. I then walk through an example question I have used in my class and walk through the solution. #study #cashflows #unitok #financialstatements" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7395283491786591534) 2024-07-24T19:17Z 26.6K followers, 79.2K engagements "Replying to @Kevin in intro #accounting we learn about #earnings per share which is (net income - preferred dividends) / weighted common shares outstanding. In #intermediate accounting we expand this to consider diluted #EPS which simply creates a worst case scenario by assuming any and all convetible financial instruments (e.g. convertible bonds convertible preferred stock stock options warrants etc.) are converted into shares of common stock. This increases the denominator (leaving the numerator the same) meaning diluted EPS must be equal to (no convetible instruments) or less than (any" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7397114447598308650) 2024-07-29T17:42Z 26.6K followers, 6553 engagements "In intro #accounting class one of the most important and fundamental building blocks is our knowledge of #debits and #credits and how these things impact accounts journal entries etc. I encourage students to FIRST think through what TYPE of account we are dealing with and if that account is INCREASING or DECREASING. Then we can apply knowledge of debits and credits. I introduce a helpful acronym to memorize which accounts are normal debit (increase with debits) or normal credit (increase with credits) accounts. #study #unitok #beginner #accountant" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7398575135558585643) 2024-08-02T16:10Z 26.6K followers, 295.4K engagements "Replying to @April Mills debits and credits are the fundamental building blocks of accounting and one of the most important topics we cover in intro accounting. The key here is that most people initially think that debits and credits mean something they dont. All that debit means is left and credit means right. How they affect specific accounts depends on the account TYPE (asset liability equity revenue expense). Once you are able to classify accounts by their types I think it should help with the problem youre having 🙂 #accounting #study #major #unitok" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7404305277610183978) 2024-08-18T02:46Z 26.6K followers, 122.4K engagements "In intro accounting class we learn that the current ratio is a liquidity ratio that helps us determine a companys ability to meet its short-term obligations. The current ratio is current assets divided by current liabilities. #accounting #major #study #currentratio #explained" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7413601709605342510) 2024-09-12T04:01Z 26.6K followers, 6828 engagements "In intro accounting we learn that doing closing entries at the end of the year is an easy three-step process. We debit all revenue accounts then credit all expense accounts and plug in retained earnings for whatever is needed (debit or credit) to balance the entry. #accounting #explained #study #journalentry #closing #incomestatement #balancesheet" [TikTok Link](https://www.tiktok.com/@accountingprofessor/video/7511887931586678062) 2025-06-04T00:41Z 26.6K followers, 41.4K engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@accountingprofessor Accounting Professor
Accounting Professor posts on TikTok about accounting, balance sheet, the face, the first the most. They currently have XXXXXX followers and XXX posts still getting attention that total XXXXX engagements in the last XX hours.
Engagements: XXXXX #
- X Week XXXXX +154%
- X Month XXXXXX -XX%
- X Months XXXXXXX -XX%
- X Year XXXXXXX -XX%
Mentions: XX #
- X Month XX -XX%
- X Months XXX +15%
- X Year XXX -XX%
Followers: XXXXXX #
- X Week XXXXXX +0.16%
- X Month XXXXXX +0.66%
- X Months XXXXXX +11%
- X Year XXXXXX +53%
CreatorRank: XXXXXXXXX #
Social Influence
Social category influence finance
Social topic influence accounting #142, balance sheet #1234, the face #543, the first, common #91, business, liquidity #3293, credits, year of, finance
Top accounts mentioned or mentioned by @accounting @max @aristide @tera155 @kevin @user0001123 @unclechad8 @poedza4 @bigmedicenergy @ddiegofig @bethany @fewdi @xo @savannah @april @jamel @nick @rohit @nontethelelo @dianag
Top Social Posts
Top posts by engagements in the last XX hours
"In intro accounting double declining balance is the most complex method for calculating depreciation. Dont use salvage value until the final year of the assets useful life Ill cover that specifically in another post #accounting #study #studytok #studywithme #learnontiktok #accountant #accountancy #unitok"
TikTok Link 2024-05-25T12:31Z 26.6K followers, 1302 engagements
"In intro accounting its important to know terminology so youre speaking the same language as your professor. Capitalizing vs expensing is an important distinction for how we handle costs. Capitalizing means adding it to an asset on our balance sheet while expensing means adding it to an expense account on our income statement. #accounting #study #unitok #fyp #foryou"
TikTok Link 2024-05-27T19:20Z 26.6K followers, 20.7K engagements
"In #intro #accounting #class we sometimes issue #bonds at a premium which means the cash we receive is greater than the face value of the bonds. Here I walk through an example of a #journalentry to record the issuance of a bond at a premium as well as a journal entry to record the first year interest expense cash payment and premium amortization. #study #students #major #unitok Check out the linked video below for a brief tutorial on how to calculate the PV of a bond using a financial calculator @Accounting Professor"
TikTok Link 2024-07-12T01:33Z 26.6K followers, 4464 engagements
"In intro accounting we cover amortization for intangible assets the same way we cover depreciation for PP&E. We expense it over the useful life of the intangible asset. Dont forget intangible assets do not have a salvage (aka residual) value #accounting #study #class #explained #journalentry"
TikTok Link 2024-08-22T21:42Z 26.6K followers, 17.5K engagements
"Replying to @ddiegofig one of our most important accounts in accounting is retained earnings which represents the cumulative earnings (net income) of our company over its lifetime less any dividends paid to shareholders. #accounting #finance #study #explained #financialstatements"
TikTok Link 2024-08-27T14:35Z 26.6K followers, 17.2K engagements
"Replying to @i in intro accounting class we learn three inventory cost flow assumptions (specific identification tracks each item and is therefore not an assumption): FIFO (first-in first-out) LIFO (last-in first-out) and average cost. We use these to compute our cost of goods sold. Even though perpetual inventory systems are much more common for large companies I illustrate these cost flow assumptions using a periodic system. #accounting #study #explained #inventory #lifo #fifo #averagecost"
TikTok Link 2024-10-29T03:45Z 26.6K followers, 18.6K engagements
"In intro accounting we learn that a balance sheet is one of our main financial statements that companies prepare for financial reporting. It is a snapshot of what resources our company has (assets) and how it financed what it has (liabilities + stockholders equity) at any given point in time. #accounting #explained #study #balancesheet #balance #sheet #asset #liabilities #equity"
TikTok Link 2025-05-29T04:04Z 26.6K followers, 13.7K engagements
"#bond problems can be confusingmake sure you have the terminology down to master them #accounting #explained #educational #learning #fyp #foryou"
TikTok Link 2024-04-08T12:35Z 26.5K followers, 1156 engagements
"Additional Paid In Capital (APIC) is part of what we refer to as contributed capital (along with the Common Stock account). When a company sells stock the cash received is equal to: price * number of shares sold. Of that amount we put Par Value * number of shares into the Common Stock account. The difference goes into APIC Questions Drop em in the comments #foryou #foryoupage #fyp #fyp #professorp #education #educational #liveloveaccounting #easyaccountingforyou #accrual #introaccounting #learning #learningisfun #professor #college #business #accountingmadeeasy #financial #finance #accounting"
TikTok Link 2024-03-24T13:53Z 26.6K followers, XXX engagements
"If youre an intro #accountingstudent you need to know the #revenue recognition principle. We recognize revenue whenever we earn it by providing a good or service to a customer. #accounting #class #fyp #foryou #college #study #studytok #studywithme #accountant #accountancy #easyaccountingforyou #educational #learnontiktok"
TikTok Link 2024-05-08T15:09Z 26.6K followers, 12.3K engagements
"Adjusting entries for accrued revenues help us to record revenue that has been earned but will not be received in cash until a later point. A good example is when we earn interest revenue by loaning money to someone else. #accounting #fyp #foryou #study #studytok #studywithme #educational #LearnOnTikTok #accountant #accountancy #accountingstudent #accountancystudent"
TikTok Link 2024-05-19T15:02Z 26.6K followers, 2161 engagements
"We have two types of capital that make up our stockholders equity: contributed capital and earned capital. Contributed capital refers to what investors have CONTRIBUTED to become shareholders (common stock APIC preferred stock) while EARNED capital refers to our earnings (net income) that is retained in our business (in the retained earnings account). #accounting #study #fyp #unitok #educational"
TikTok Link 2024-06-07T19:07Z 26.6K followers, 1588 engagements
"In intro #accounting class we learn about what costs to capitalize on our balance sheet in PP&E. Our rule is that we capitalize all costs necessary to get the #equipment ready for its intended use. This includes things like taxes shipping any modifications or renovations necessary to begin using the equipment. I go through an example and include the #journalentry we would use to capitalize the purchase. #study #unitok #capitalize"
TikTok Link 2024-07-29T04:12Z 26.6K followers, 4744 engagements
"Replying to @S J in intro accounting we learn both accounts payable and unearned revenue are current liability accounts on our balance sheet. However they are quite different. The summary is that accounts payable are obligations we resolve by paying CASH and unearned revenues are obligations we resolve by providing goods or services to customers (who already paid for those goods or services). #accounting #major #study #explained #liabilities"
TikTok Link 2024-08-31T16:43Z 26.6K followers, 10.6K engagements
"In intro accounting class we need to learn what assets are and what accounts we are referring to when we talk about assets #accounting #study #explained #asset"
TikTok Link 2025-01-08T22:13Z 26.6K followers, 10.7K engagements
"In intro accounting we learn that an income statement (or statement of profit & loss) is one of our main financial statements that reports our revenues and expenses over a period of time. #accounting #explained #study #income #statement #revenue #expenses"
TikTok Link 2025-05-30T16:50Z 26.6K followers, 5203 engagements
"Stockholders #equity is comprised of amounts contributed by owners/#shareholders (contributed capital) as well as net income reinvested in the business (retained earnings). #accounting #explained #educational #learning #fyp #foryou"
TikTok Link 2024-04-10T11:02Z 26.6K followers, XXX engagements
"In #intro #accounting #class students sometimes struggle with the #journalentry to repurchase treasury stock and then entries to subsequently reissue treasury stock. Remember that we always add and remove treasury stock at what we paid for it and that we use APIC as a plug figure to make our journal entry balance when reissuing treasury stock. #study #major #student #unitok"
TikTok Link 2024-07-08T18:44Z 26.6K followers, 2582 engagements
"Replying to @xo birgitte its incredibly important to report our financial statements on a timely basis because timeliness is one of the biggest factors contributing to information usefulness. The whole purpose of financial reporting is to provide useful information to financial statement users so timeliness is critical in achieving this goal #accounting #study #unitok #financial #reporting #financialstatements #information #useful #investors"
TikTok Link 2024-08-01T17:14Z 26.5K followers, 2943 engagements
"Replying to @tera155 in intro accounting class we learn the quick ratio is another more stringent liquidity test that measures a companys ability to meet their short-term obligations. It is similar to the current ratio. The difference is the quick ratio takes current assets MINUS inventory and divides that all by current liabilities. It generally gives a more accurate pictute of a companys truly liquid assets and whether those can cover current liabilities. #accounting #ratio #study #major #finance"
TikTok Link 2024-09-13T14:28Z 26.6K followers, 5285 engagements
"Replying to @Savannah SAHM 🫶🏼 stockholders equity is financing that has either been contributed by shareholders (Common Stock & APIC) or earned by the company (Retained Earnings). #accounting #explained #study #equity #stock #stockholdersequity #retainedearnings"
TikTok Link 2025-05-21T20:25Z 26.6K followers, 13.2K engagements
"Some basic #facts about the #incomestatement #greenscreen #foryou #foryoupage #fyp #fyp #professorp #education #educational #easyaccountingforyou #introaccounting #learning #learningisfun #professor #college #business #accountingmadeeasy #accounting #university #accountingstudent #student #students"
TikTok Link 2024-03-27T19:15Z 26.6K followers, 56.9K engagements
"Accumulated depreciation is a contra-asset account on our balance sheet. This relates to our PP&E account and accumulates the depreciation expenses we charge each period. Net Book Value (NBV) for an asset = Acquisition Cost - Accumulated Depreciation. #accounting #explained #professor #college #fyp #learning #depreciation"
TikTok Link 2024-04-01T20:01Z 26.6K followers, 2069 engagements
"Here are the basics for depreciation of long-lived assets #accounting #study #studytok #studywithme #educational #learnontiktok #fyp #foryou #accountant #accountancy"
TikTok Link 2024-05-23T13:08Z 26.6K followers, 5985 engagements
"In #intro #accounting #class we sometimes issue #bonds at a discount which means the cash we receive is less than the face value of the bonds. In this example I walk through creating a #journalentry for issuing the bonds and also for the first year cash payment interest expense and bond amortization. #study #student #major #unitok Check out the linked video below for how to calculate present value for bonds using a financial calculator @Accounting Professor"
TikTok Link 2024-07-10T19:05Z 26.6K followers, 1888 engagements
"Quick study guide for how to account for bonds in intro accounting class. Comparing the coupon rate to the market interest rate will help you tell which scenario and related journal entries you will need #accounting #study #student Here are longer videos explaining each scenario in more detail: Discount: @Accounting Professor Face Value: @Accounting Professor Premium: @Accounting Professor"
TikTok Link 2024-07-13T01:02Z 26.6K followers, 8094 engagements
"In intro #accounting we have a whole chapter dedicated to the statement of cash flows as its one of the most useful financial statements. Here I walk through the steps you should follow to approach creating a statement of cash flows problem. I then walk through an example question I have used in my class and walk through the solution. #study #cashflows #unitok #financialstatements"
TikTok Link 2024-07-24T19:17Z 26.6K followers, 79.2K engagements
"Replying to @Kevin in intro #accounting we learn about #earnings per share which is (net income - preferred dividends) / weighted common shares outstanding. In #intermediate accounting we expand this to consider diluted #EPS which simply creates a worst case scenario by assuming any and all convetible financial instruments (e.g. convertible bonds convertible preferred stock stock options warrants etc.) are converted into shares of common stock. This increases the denominator (leaving the numerator the same) meaning diluted EPS must be equal to (no convetible instruments) or less than (any"
TikTok Link 2024-07-29T17:42Z 26.6K followers, 6553 engagements
"In intro #accounting class one of the most important and fundamental building blocks is our knowledge of #debits and #credits and how these things impact accounts journal entries etc. I encourage students to FIRST think through what TYPE of account we are dealing with and if that account is INCREASING or DECREASING. Then we can apply knowledge of debits and credits. I introduce a helpful acronym to memorize which accounts are normal debit (increase with debits) or normal credit (increase with credits) accounts. #study #unitok #beginner #accountant"
TikTok Link 2024-08-02T16:10Z 26.6K followers, 295.4K engagements
"Replying to @April Mills debits and credits are the fundamental building blocks of accounting and one of the most important topics we cover in intro accounting. The key here is that most people initially think that debits and credits mean something they dont. All that debit means is left and credit means right. How they affect specific accounts depends on the account TYPE (asset liability equity revenue expense). Once you are able to classify accounts by their types I think it should help with the problem youre having 🙂 #accounting #study #major #unitok"
TikTok Link 2024-08-18T02:46Z 26.6K followers, 122.4K engagements
"In intro accounting class we learn that the current ratio is a liquidity ratio that helps us determine a companys ability to meet its short-term obligations. The current ratio is current assets divided by current liabilities. #accounting #major #study #currentratio #explained"
TikTok Link 2024-09-12T04:01Z 26.6K followers, 6828 engagements
"In intro accounting we learn that doing closing entries at the end of the year is an easy three-step process. We debit all revenue accounts then credit all expense accounts and plug in retained earnings for whatever is needed (debit or credit) to balance the entry. #accounting #explained #study #journalentry #closing #incomestatement #balancesheet"
TikTok Link 2025-06-04T00:41Z 26.6K followers, 41.4K engagements