Guided Readings for Financial Accounting, Lesson 1.3 – Expert Level

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A few years ago, I made this video to assist my students and it really seemed to help. Delightful Donut Corporation (DDC) opens a new donut shop. To finance this expansion, DDC issues 100,000 new shares of capital stock. Susan Smith studies the available financial information and buys 1,000 shares. Watch the video below to learn more about these terms: corporation, capital stock, financial accounting versus managerial accounting, and financial information.



At the end of Chapter One, you will find two Video Problems. I have long believed that learned knowledge is better organized and solidified by explaining it to someone else. That is the purpose of the first Video Problem. Your college roommate is an English major and does not understand why you are studying financial accounting. Ask yourself how you would answer your roommate’s question and then watch how I do it. The video is only 7 minutes and can be quite helpful.



“We are what we repeatedly do. Excellence, then, is not an act, but a habit.” Aristotle