What Is Accounting? Accounting 101 Explained For All Levels

Learn the Basics of Financial Statements, Bookkeeping, and More - No Prior Experience Required

What you'll learn

Understand Accounting Fundamentals

Analyze Business Transactions

Navigate Financial Statements

Master Debits and Credits

Execute the Accounting Cycle

Apply Adjusting Entries:

Close Accounting Periods

Understand T-Accounts and General Ledger

Prepare for Real-World Application

Balance Sheet

Income Statement

Cash Flow Statement

Requirements

No prerequisites or specific requirements are needed for this course. It is designed to be accessible to learners of all levels, whether you're a beginner or have some background in finance. All that's required is a basic understanding of computers, an internet connection, and a curiosity about financial statement analysis. Join us for an accessible and engaging exploration of finance and investments.

Description

"What is Accounting? Accounting 101 For All Levels" is a comprehensive online course designed to demystify the world of accounting for learners from all walks of life. Whether you're an absolute beginner curious about accounting, a small business owner looking to manage your finances better, a student aiming to solidify your foundation in business studies, or a professional seeking to refresh your knowledge, this course is tailored specifically for you.Course Overview: Dive into the essentials of accounting through a carefully structured curriculum that covers everything from the basic principles to the complexities of financial statements and the accounting cycle. Starting with a general overview, the course introduces you to the five main accounts, the pivotal roles of debits and credits, the structure and significance of T-accounts, and the detailed construction and analysis of financial statements including Income Statements, Balance Sheets, Statements of Cash Flows, and more.What You Will Learn:Foundational Knowledge: Grasp the core principles of accounting, including the 5 main types of accounts and the crucial concepts of debits and credits.Financial Statements Expertise: Gain proficiency in preparing and interpreting the four key financial statements, understanding their interconnections, and what they reveal about a business's financial health.The Accounting Cycle: Master the 9-step accounting cycle, from transaction analysis to the post-closing trial balance, equipping you with the ability to maintain accurate and comprehensive financial records.Adjusting Entries and Closing: Learn the importance and application of adjusting entries for items like prepaid expenses and accrued revenues, and understand how to properly close accounting periods.Practical Skills: Through real-world examples and exercises, develop the practical skills to apply accounting concepts in both personal finance and business scenarios.Who This Course Is For: This course is meticulously crafted for those with no prior knowledge of accounting, business owners and entrepreneurs, students in business-related fields, professionals seeking a knowledge refresh, and individuals interested in understanding accounting for personal finance management.Course Features:Engaging Video Lectures: Delivered by experts passionate about making accounting accessible.Interactive Quizzes: Test your understanding as you progress through each module.Practical Exercises: Apply what you've learned using real-life scenarios and case studies.Comprehensive Resources: Access additional materials to deepen your knowledge beyond the course content.Community Support: Join a community of learners to share insights and ask questions.Prerequisites: There are no prerequisites for this course. A willingness to learn and engagement with the course materials are all you need to start your journey into the realm of accounting.Embark on this educational adventure to unlock the mysteries of accounting, enhance your financial literacy, and open doors to new opportunities in both personal and professional spheres. Enroll in "What is Accounting? Accounting 101 For All Levels" today and take the first step towards mastering the language of business.

Overview

Section 1: Chapter 1 - Continuing with Accounting Basics

Lecture 1 Lesson 1 - Debits (DR) vs. Credits (CR)

Lecture 2 Lesson 2 - Integrating T-Accounts with the Five Main Accounts and DR's vs. CR's

Lecture 3 Lesson 3 - The Main Accounting Equation

Lecture 4 Lesson 4 - Introducing the Entire Nine Step Accounting Cycle

Section 2: Chapter 2 - Analyze, Journalize, T-Accounts and Trial Balance (Step 1 - 4)

Lecture 5 Lesson 1 - Journal Entries in More Detail

Lecture 6 Practice: Journal Entry Question and Step-by-Step Solution

Lecture 7 Lesson 2 - The General Ledger (T-Accounts) in More Detail

Lecture 8 Practice: T-Accounts Question and Step-by-Step Solution

Lecture 9 Lesson 3 - The Trial Balance in More Detial

Lecture 10 Practice: Trial Balance Question and Step-by-Step Solution

Lecture 11 Practice: Analyze, Journalize, T-Accounts and Unadjusted Trial Balance Q&A

Section 3: Chapter 3 - Adjusting Entries

Lecture 12 Introduction - What are the Adjusting Entries?

Lecture 13 Lesson 1 - What are Prepaid Expenses? (Prepaid Insurance and Prepaid Rent)

Lecture 14 Practice: Prepaid Expense - Question and Step-by-Step Solution

Lecture 15 Lesson 2 - Exploring Supplies for the Purpose of the Adjusting Entries

Lecture 16 Practice: Supplies - Question and Step-by-Step Solution

Lecture 17 Lesson 3 - What are Unearned Revenues?

Lecture 18 Practice: Unearned Revenues - Question and Step-by-Step Solution

Lecture 19 Lesson 4 - What is Depreciation?

Lecture 20 Practice: Depreciation - Question and Step-by-Step Solution

Lecture 21 Lesson 5 - What are Accrued Revenues (Receivables)?

Lecture 22 Practice: Accrued Revenues - Question and Step-by-Step Solution

Lecture 23 Lesson 6 - Introduction to Accrued Expenses (Interest and Salaries)

Lecture 24 Lesson 7 - What is Accrued Interest? (Interest Payable)

Lecture 25 Practice: Accrued Interest - Question and Step-by-Step Solution

Lecture 26 Lesson 8 - What is Accrued Salaries? (Salaries Payable)

Lecture 27 Practice: Accrued Salaries - Question and Step-by-Step Solution

Lecture 28 Practice: Comprehensive Adjusting Entries Example #1 - Question and Solution

Lecture 29 Practice: Comprehensive Adjusting Entries Example #2 - Question and Solution

Lecture 30 Practice: Comprehensive Adjusting Entries Example #3 - Question and Solution

Section 4: Chapter 4 - Closing Entries and the Post-Closing Trial Balance

Lecture 31 Lesson 1 - Introduction to the Closing Entries

Lecture 32 Practice: Closing Entries and the Post-Closing Trial Balance - Q&A

Section 5: Chapter 5 – A Comprehensive Example - Real-World Accounting Scenario

Lecture 33 A Comprehensive Question and Step-by-Step Video Solution

Section 6: Congratulations! You've Reached A Milestone

Lecture 34 Let's Celebrate Together!

Absolute Beginners,Business Owners and Entrepreneurs,Students Pursuing Business Studies,Professionals Seeking a Refresher,Career Changers,Individuals Managing Personal Finances