 In this unit, you'll learn how to account for long-term assets and the accounting for how these assets are financed. Of course, our focus will be on the proper accounting of these transactions, but I'd like to introduce you to how these topics relate to finance, too, not just accounting. These topics are quite intertwined since businesses struggle with decisions related to these topics all the time. Can I grow my business by expanding? Or should I upgrade equipment? How can I pay for those choices? What's the best way to finance my choice? When companies answer these questions, the financial accounting begins. Our first topic will deal with accounting for long-term plant assets. This is the property, plant, and equipment that companies use to make products and provide services in order to generate revenues. Then we'll switch our focus to financing a company. First we will look at the financing of day-to-day operations by the use of current liabilities like payables, payroll, accrued liabilities, and warranties. Then we will look at the accounting for long-term debt financing like leases, bank loans, and bonds. Debt financing is one way companies pay for long-term assets. Finally, we will turn our attention to the accounting for stockholders' equity like the issuance of stocks and the payments of dividends. Equity financing is another way companies pay for long-term assets. Enjoy the journey. It's important stuff.