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Higher Ed Business

Brainfuse helps prepare students to become productive members of the business community through academic assistance in several business courses.

Brainfuse offers live online Business tutoring in the following areas:


ACCOUNTING

Accounting Principles I: significance of accounting, ethics, generally accepted accounting principles, Sarbanes-Oxley Act, analysis of transactions, deconstructing and composing financial statements, account adjustments, the accounting cycle, accounting information systems, accounting for merchandizing, inventory design and execution, the role of cash and internal controls, receivables, plant assets, natural resources, and intangibles, liabilities and payroll; Principles II: partnerships vs. corporations, accounting for manufacturing businesses, cost systems, budgeting, financial statement analysis


INTERMEDIATE ACCOUNTING 

The Accounting Process; The Income Statement and Retained Earnings Statement: the balance sheet, the conceptual framework of accounting theory, the time value of money, cash and temporary investments, receivables, Inventories: LSM; valuation at net realizable value and relative sales value; gross profit percentage method; LIFO; property, plant, and equipment; depreciation and depletion; intangible assets; current liabilities; long-term liabilities; Partnerships: formation, admission, and dissolution; The Corporation: organization, stock issue and book value, subscriptions and treasury stock, retained earnings, bond issuing, redemption of bonds; Manufacturing Accounting: accounts and statements, worksheets, joint and by-products; Cost Systems: job order, process; Budgets: income statement, balance sheet and standard cost; Financial Statement Analysis: horizontal and vertical; ratios.


ADVANCED ACCOUNTING

The Equity Method of Accounting for Investments: application and procedures, excess of investment cost over book value acquired, elimination of unrealized gains in inventory, critique of the equity method; Consolidation of Financial Information: the process; financial reporting for business combinations; Consolidations-Subsequent to the Date of Acquisition: goodwill and intangible assets, subsequent consolidations, push-down accounting ,consolidated financial statements and outside ownership, purchase price allocations, methods of accounting for business combinations, unconsolidated subsidiaries; Intercorporate Transfers: noncurrent assets, intercompany inventory transactions, intercompany inventory transactions; Partnerships: formation, operation, and changes; SEC reporting; corporations in financial difficulty; derivatives and off-balance-sheet financing


MACROECONOMICS

Limits, Alternatives and Choices: marginal cost and marginal benefit, budget line, attainable and unattainable combinations, tradeoffs and opportunity costs, capital, entrepreneurial ability, production possibilities model, unemployment, growth and the future; Market System and Circular Flow: fundamental questions; Demand, Supply, and Market Equilibrium: law of demand, law of supply, government set prices; U.S. Economy—Private and Public Sectors: households as income receivers; business population; government role in the public sector; federal; state; and local finance; U.S. in the Global Economy: specialization and comparative advantage, foreign exchange market, multilateral trade agreements and free trade zones, reciprocal trade agreements act; Measuring Domestic Output and National Income: gross domestic product (GDP), nominal GDP vs. real GDP; Economic Growth and Instability: business cycle, unemployment, inflation; Basic Macroeconomic Relationships: income-consumption and income-saving relationships, interest-rate investment relationship, multiplier effect; aggregate expenditures model ; aggregate demand and aggregate supply; fiscal policy; Deficits And Debt: AD-AS model, standardized budget, crowding-out effect; Money and Banking: near-monies, MZM, federal reserve, banking system; Money Creation: commercial bank balance sheet, loans, liquidity, multiple-deposit expansion; Interest Rates and Monetary Policy: asset demand, transactions demand, open-market operations, Taylor rule, evaluation and issues of monetary policies; Extending Analysis of Aggregate Supply: short-run and long-run, applying the AD-AS model, long-run Phillips curve, short-run Phillips curve, Laffer Curve; Economic Growth: supply, demand, and efficiency factors; productivity acceleration; Disputes over Macro Theory and Policy: classical view, vertical aggregate supply chain, stable aggregate demand, Keynesian view, macro instability; International Trade: competitive advantage, analysis of exports and imports, trade barriers, exchange rates, balance of payments and trade deficits


MICROECONOMICS

Economic Thinking: scarcity and tradeoffs; opportunity cost; thinking at the margin; markets; assumptions, theories, and models; the production possibilities frontier; positive vs. normative analysis; representing economic data with graphs; slope and elasticity; omitted variables and reverse causality; specialization and trade; absolute advantage vs. comparative advantage; Supply and Demand: competitive markets and price taking; the determinants of an individual’s demand; the demand schedule; the demand curve; ceteris paribus; market demand;  shifts in the demand curve vs. movement along the demand curve; determinants of individual supply; the supply schedule; the supply curve; market supply; shifts in the supply curve vs. movement along the supply curve; excess supply, excess demand, and equilibrium; A Market Experiment: price elasticity of demand, price elasticity and total revenue, income elasticity of demand, normal and inferior goods, price elasticity of supply, price floors and price ceilings, how taxes affect markets, elasticity and tax incidence, consumer surplus, producer surplus, market efficiency and the invisible hand, market failure; taxation and deadweight loss, elasticity and deadweight loss, deadweight loss and tax revenue; Firm Behavior and the Organization of Industry: costs of production, economic vs. accounting profit, the production function, total cost, fixed cost, variable cost, average cost, marginal cost, short-run and long-run costs, perfect competition, profit maximization and the competitive firm’s supply curve, the short-run shut down decision, entry and exit in the long run, short run and long run; market supply curves, market equilibrium, monopoly, production and pricing decisions, welfare cost of monopoly, anti-trust laws and regulation, price discrimination, oligopoly, collusion and cartels, game theory and Nash equilibrium, prisoner’s dilemma


FINANCE

Financial Markets: assets—current, noncurrent, and fixed; stock market, bonds, efficient markets theory, investment; Financial Statements and Financial Performance: 4 main financial statements—balance sheets, income statements, cash flow statements, and statements of shareholders’ equity; Balance Sheets: assets, liabilities: long term or current, shareholder’s equity; Income Statements: eps, gross revenue, net revenue; Cash Flow Statements: operating activities, investing activities, financing activities, ratios and calculations; Investment: interest rates and bonds, stock valuation, rules of investing, capital investments, risk and rates of return, capital budgeting and capital cost, efficient markets, time value of money, significance of cash flow and cash flow estimation, discounted cash flow valuation, quantitative and probabilistic risk analysis, categorizing and analyzing markets, optimizing capital structure, dividend market; Financial Management: business ethics; control and agency


COST ACCOUNTING

Cost Concepts: cost accounting and strategic cost management, relevant cost considerations, cost estimation, activity-based costing, job costing, systems design, cost behavior patterns, cost-volume-profit relationships, standard costs, flexible budgets and overhead analysis, decentralization, financial statement analysis


INCOME TAX

Ethics And Relevant Laws: sources of tax law, collection and enforcement procedures, IRS payment procedures, accounting periods, tax formula, obligations of tax preparers; Calculations for Individuals and Businesses: gross income, deductions, and losses, Deductions: cost recovery for capital investments expenditures related to employment, personal expenditures and investments, alternative minimum tax liability, tax credits, property transactions; Gross Income: inclusions and exclusions, depreciation, cost recovery and amortization, property transactions, capital gains and losses


PAYROLL ACCOUNTING

Employment and Payroll Laws: various laws affecting employers, record-keeping requirements, procedures in a typical payroll, Computing Wages And Salaries: provisions of fair labor standards act, payroll data collection, payroll computations, withholding income taxes, employer paid taxes, analyzing and recording data; Government and Note-for-Profit Accounting: financial reporting, modified accrual accounting, fund balances and budgetary authority, classification of funds, government-wide statements, fixed assets, long-term debt, special purpose entities, private not-for-profits, private institutions, health care providers, tax-exempt organizations, federal reporting; Auditing: ethics and the law, professional standards, Sarbanes-Oxley Act, management fraud and audit risk, engagement planning, internal control evaluation, employee fraud and audit of cash, revenue and collection cycle, acquisition and expenditure cycle, production cycle, finance and investment cycle, and audit reports