Jaeyoon Yu

Introduction to Financial Accounting (ACC250)

Welcome to this course page. This page includes lecture notes and interactive HTML applications designed to help college students understand key accounting concepts.

Syllabus-2026S

đź“„Lecture Notes

Chapters Handout Solution Lecturing1
Ch0 - Background PDF PDF PDF
Ch1 - Business Decisions and Accounting PDF PDF PDF
Ch2 - Balance Sheet PDF PDF PDF
Ch3 - Income Statement PDF PDF PDF
Ch4 - Adjustments PDF PDF PDF
Ch6 - Inventory - Reporting PDF PDF PDF
Ch7 - Inventory - Calculation PDF PDF PDF
Accounting Cycle Project PDF PDF PDF
Ch8 - Receivables and Bad Debt PDF PDF PDF
Ch9 - Long-lived Assets PDF PDF PDF
Ch10 - Liabilities PDF PDF PDF
Ch11 - Stockholder’s Equity      

1 Lecture slides are designed for in-class presentation with animations. Due to animated transitions, these files typically contain 100+ pages and are not suitable for printing.

đź“‹ Table of Principles

Name Principle
Revenue Recognition Revenue is recorded when it is earned, regardless of when cash is received.
Matching Principle Expenses are recorded in the same period as the revenues they help generate.
Capitalization Costs that provide future benefits are recorded as assets, not immediately expensed.
Cost Principle Assets are recorded at their original (historical) cost at acquisition, including all costs necessary to get the asset ready for use (e.g., taxes, transportation, installation).
Accrual Accounting The umbrella principle that governs Revenue Recognition, Matching Principle, and Capitalization. Economic events are recorded when they occur, regardless of when cash is exchanged.

Interactive, Supplementary Materials

Disclaimer: The materials are still under development and may contain errors or incomplete information. Please use them as supplementary learning tools and always refer to official standards and textbooks for authoritative guidance. E-mail me if you spot any “material” errors!