Alphabet Accounting Podcast

Welcome to the Alphabet Accounting Podcast – brought to you by Warwick Business School. Join Professor Lisa Weaver and Associate Professor Jodie Lucas as they take you on an A–Z journey through the essential concepts and terminology used throughout the BSc Accounting & Finance degree. Each episode unpacks a key word or phrase explaining what it means, why it matters, and how it connects to rea...

In this episode, we will be covering Assets and Amortisation .  Assets : What is an Asset?  We'll be including non-current assets and current asset examples. Amortisation : We'll explore the definition of Amortisation and how it impacts the accounts and examples of factors which impact the useful estimated life.

In this episode, we will be discussing the  Accruals Concept, Accounting Period and Accounting Estimates .  Accruals Concept:  What is meant by this fundamental concept? And we'll provide an example of how this matching concept. Accounting Period:  We discuss what is meant by the Accounting period and what a company can choose as their year-end. Accounting Estimate: in addition to examples of...

In this episode, we explain ARGA, Authorised Shared Capital and one of our favourite words, Audit .  ARGA: A udit, R eporting and G overnance A uthority ( ARGA ), who they are and what ARGA does . Audit: an overall introduction to what an external audit is and why large companies need an Audit due to the divorce of ownership and management. Authorised Shared Capital: A distinction is explained bet...

We move on to our next letter, starting things off with Balance Sheet, Biological Assets and Brands .  Balance Sheet: aka Statement of Financial Position. The statement is briefly explained. Biological Assets: definition of what is meant by Biological Assets , some examples and an overview of how they are measured. Brands: definition of Brands , examples of the accounting treatment for purchased a...

We have quite a few words on this one, starting with Bad Debts then Big Bath provisions. To round out the episode, we combine discussions on Bank Overdraft and Borrowing Costs. Bad Debts: definition of Bad Debt , discussion of how this itself is also an accounting estimate and a brief discussion on how companies decide which debts may be irrecoverable on their ledger. Big Bath Provisions: A defini...

In part 1 of our Cs, we have Capital Expenditure (or CapEx for short), Carrying Value and Current Assets . We then explain all things credit with a review of Creditor , Credit Control and Credit Note . To finish off the episode is a bit on Current Ratio . 

In part 2 of Letter C, we unpick what is meant be Cost of Sales, Carried Down/Brought Down and explain what a Contingent Liability and Contingent Asset are. 

In part 3, we begin by decoding the Cash Flow Statement and then understanding why Cash Doesn't Equal Profit. Stay tuned for a speedy exploration of Cash Equivalents and insights into Consolidation and Control . 

In our final episode on C, we look at 4 more words and phrases. We start with a thorough discussion about Corporate Governance before a shorter one on the Companies Act . After that, we look at Confidentiality and then another bigger discussion on what is meant by Creative Accounting .

In this episode, we will be covering Directors, Director's Remuneration, Disclosure Notes and finally Double Entry Bookkeeping . 

In this episode, we will be discussing Depreciation, Derecognition, Deferred income/revenue and Dividends . 

This episode is jam-packed with Ds, as we cover Directly Attributable Costs, Decommissioning Costs, Debt, Debtor and Discounted Cash Flow, then we finish off with a short chat on Debenture Loans.

Moving on from D and straight into our first episode on E. We chat about Earnings Per Share, EBITDA, and Equity. We then have some really quick discussions on Economic Life, Estimates, and lastly Error.

In this second Letter E episode, we cover several E-based phrases including Exceptional Items/Extraordinary Items, Effective Interest, Exposure Draft and lastly External Auditor .

Carrying on to Letter F now, we begin by looking at inventory, including Finished Goods and then First In/First Out or FIFO . We then talk about an incredibly important topic, Fraud and Faithful Representation , followed by Fair Value and Finance Cost .

What would the letter F be without a look at phrases with the term 'Finance' in them? We start with clarifying Financial Assets and Financial Analysis . We then have a couple more discussions around Forecast and Foreign Exchange .

Moving swiftly on, we have part 1 for Letter G. In this episode, we explore Gearing , Gap , Going Concern and then a quick chat about Groups . 

Moving forward to part 2 on G. We first tackle Government Grants before looking at a rather new set of terms to do with sustainability; Greenwashing and Green - dazzling . To conclude we explore all things Goodwill , including Goodwill Impairment and Purchase Goodwill .

Rather than our usual in-person recording, we jumped online for some H words, so the sound is a bit different this time! In part 1, we look at Honest/Honesty, Horizontal Analysis and Hedging Instruments . 

Continuing our online H chat, we looked at Historic Costs and loosely related it to Hyperinflation. This episode finishes with us exploring Homogeneous Population .

We move to I now. We have two shorter explanations on Intangible Assets and then Intellectual Property/Intellectuals. We then have a really in-depth look at Impairments.

A few more from Letter I to get through, starting with a triple header of Income statement , Interest and Investment Income . Moving on from those, we then have some longer discussions on Inventory , Internal Auditor , and Internal Controls .

We were trying to come up with some Js and Ks, but it was a bit tough, so we're putting them together into one episode. For our Js we have something that has been mentioned before: Journal. We'll then turn to Joint Ventures . Our single K is one of those phrases you'll hear in the workplace a lot: Key Performance Indicators .

To start our Ls, we wonder about Limited Liability as well as Liability itself. We then cover two more words: Lease and Liquidity .