Lesson: Economic and Business Measures Summary

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In this lesson, Nick Palazzolo, CPA, highlights the importance of memorizing key economic formulas essential for understanding economic concepts. He emphasizes the effectiveness of creating a formula sheet and practicing it regularly to ensure mastery of topics such as percentage changes in CPI, GDP calculation, and more. While acknowledging the tedious nature of memorization, Nick underscores its necessity for exam success. He concludes by reiterating the significance of grasping the concept of elasticity—whether in demand or supply—backing it with relevant examples to solidify comprehension.

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Business Cycles
Module: 5 Concepts, 74 Videos
Revenue, Expenditure, & Cash Cycles Overview
0:24
Revenue, Expenditure, & Cash Cycles Objectives
1:48
Introduction to Revenue, Expenditure, and Cash Cycles
3:42
Assertions in Auditing
10:01
Types of Audit Evidence
3:38
Tracing and Vouching
7:04
Subsidiary Ledger vs. General Ledger
1:56
Revenue Cycle
13:49
Auditing the Revenue Cycle
24:40
Auditing Accounts Receivable
40:24
The Cash Receipts Process
23:13
Expenditure Cycle
4:17
Auditing the Expenditure Cycle
8:16
Auditing Accounts Payable
8:00
The Cash Disbursements Process
4:39
Cash Cycle
3:42
Auditing the Cash Cycle
11:22
Bank Reconciliation
18:48
Cash Fraud Schemes
14:12
Revenue, Expenditure, & Cash Cycles Summary
1:00
Revenue, Expenditure, & Cash Cycles Practice Questions
7:49
Inventory, Investment, & Other Cycles Overview
1:01
Inventory, Investment, & Other Cycles Objectives
0:58
Introduction to Inventory, Investment, and Other Cycles
5:37
Relevant Assertions in Auditing
2:49
Types of Audit Evidence
2:36
Inventory Cycle
6:49
Auditing the Inventory Cycle
17:02
Investment Cycle
7:46
Auditing the Investment Cycle
19:40
Property, Plant, and Equipment Cycle
3:08
Auditing the Property, Plant, and Equipment Cycle
7:25
Payroll Cycle
6:34
Auditing the Payroll Cycle
12:46
Financing Cycle
6:30
Auditing the Financing Cycle
8:53
Inventory, Investment, & Other Cycles Summary
1:19
Inventory, Investment, & Other Cycles Practice Questions
6:19
Supply and Demand Cycles Overview and Objectives
2:25
Introduction to Supply and Demand Cycles
5:06
Federal Discount Rate
6:57
Monetary and Fiscal Policy
4:54
Factors Affecting Demand
7:05
Supply and Demand Curves
6:03
The Business Cycle
6:08
Market Competition
5:42
Trade Factors
4:49
Price Ceilings and Price Floors
3:18
Supply and Demand Cycles Summary
1:53
Supply and Demand Cycles - Practice Questions
10:34
Economic and Business Measures Overview and Objectives
2:44
Introduction to Economic and Business Measures
3:26
Economic Metrics
6:27
Consumer Price Index
4:53
Gross Domestic Product
4:36
Price Elasticity
12:32
Types of Unemployment
2:01
Inflation, Deflation, and Money Supply
7:40
Economic and Business Measures Summary
1:07
Economic and Business Measures - Practice Questions
11:15
Market Influences on Business Overview and Objectives
2:52
Introduction to Market Influences on Business
1:36
Changes in Demand and Supply
2:50
Market Equilibrium
7:29
Types of Competitive Strategies
9:34
Business Combinations and Divestitures
13:15
Comparative Advantage
1:27
Imperfect Markets
2:30
Price Discrimination and Collusive Pricing
4:45
Globalization and Emerging Nations
1:27
Economies of Scale
2:46
Inflation and Deflation
4:45
Market Influences on Business Lesson Summary
2:08
Market Influences on Business - Practice Questions
12:56