Accounting Crash Course - For Busy Individuals!

Quickly learn the basics of Accounting; what goes into preparation of financial statements (PL, Balance sheet and CF)

What you'll learn

Straight, to the point, learn Accounting, the language of business

Learn all major principles of Accounting and how they are applied

Rules of debit and credit, accounting entries

How the accounting entries flow into financial statements (Balance sheet, P&L, Cash flow)

Understand how financial statements are prepared

Analyze and explain results from financial statements

Learn how to completely solve undergraduate Finance assignment

Requirements

No pre-requisite information required.

Description

Accounting Crash Course!Get straight to the heart of accounting with our no-nonsense Accounting Crash Course. Starting from scratch, this course strategically guides you through the basics all the way to preparing financial statements, saving you time while delivering invaluable insights into the language of business.Key Features:Foundational Principles: Learn the core principles behind accounting, including the fundamental rules of debit and credit entries, and understand why they're essential in financial record-keeping.Financial Statement Preparation: Master the art of preparing financial statements, gaining the skills needed to analyze and interpret crucial data for making informed investment decisions.Examples: Follow practical examples that apply accounting principles, demystifying complex concepts and reinforcing your understanding of accounting entries and their implications.Cash vs. Accrual Basis: Among other accounting principles, explore the difference between cash basis and accrual basis accounting, understanding their significance in accurately representing financial performance and liquidity.Time-efficient Learning: Designed for busy individuals, this course delivers comprehensive knowledge without excessive time investment, ensuring you're equipped with essential accounting skills in minimal time.Who Should Enroll:Ideal for beginners with zero accounting knowledge, this crash course is perfect for anyone seeking a rapid yet thorough understanding of accounting essentials. Whether you're preparing for job interviews or considering further accounting studies, this course provides the foundational knowledge needed to excel in your endeavors.Don't let a lack of time hold you back from mastering accounting. Enroll in our Accounting Essentials Crash Course today and accelerate your journey to financial literacy and career success. With clear explanations, practical examples, and focused learning, you'll emerge prepared and confident to tackle any accounting challenge that comes your way.

Overview

Section 1: Introduction

Lecture 1 Introduction to Accounting (and why Debits and Credits?)

Lecture 2 What is an Asset in Accounting

Lecture 3 Introduction to International Financial Reporting Standards

Lecture 4 Definition and types of Assets

Lecture 5 Types of assets and current assets

Lecture 6 Non-current and intangible assets

Lecture 7 What are Liabilities

Lecture 8 Types of Liabilities

Lecture 9 What is Equity and the Balance sheet equation

Lecture 10 Income and expenses in Accounting

Lecture 11 Accounting principles - Part 1

Lecture 12 Accounting principles - Part 2

Lecture 13 Double entry practice (Debit and Credit)

Lecture 14 Double entry practice (Debit and Credit) - Part 2

Lecture 15 The flow of Accounting entries

Lecture 16 Create Balance sheet from Trial Balance

Lecture 17 Create Income statement (P&L) from Trial balance

Lecture 18 Create cash flow statement from Trial balance

Lecture 19 Solve an Accounting Assignment

Beginner course for anyone looking to learn accounting and how financial statements are prepared. It is great if you have little or no knowledge of accounting, and are looking to be ready for an interview or job placement which involves basic knowledge of accounting. This is a crash course, but takes the learner step by step from zero knowledge to a pretty solid understanding of the accounting language, the process and how daily accounting entries turn into summarized financial statements.