What you'll learn
Design an accounting information system for a small business
Identify, classify and journalize the transactions of small business start up.
Prepare adjusting entries, generate a trial balance and maintain the general ledger.
Prepare financial statements - Income Statement, of Owner's Equity, Balance Sheet & Statement of Cash Flows
Understand and apply the value of financial information in managing a business.
Discover career opportunities in accounting
Appreciate and apply the value of accounting in your career
Requirements
Ability to add, subtract, multiply and divide.
Analytical Skills
Patience and willingness to learn
Description
Accounting 1 Simplified for You - is a unique, no-nonsense and meaningful way of understanding accounting basics by illustrating how business transactions are recorded in simple terms and step-by-step easy to follow exercises. Discover how easy it is to prepare financial statements and design your own accounting information system. Empower yourself with the advantage of knowing and understanding your organization's economic conditions through financial statements. Possess the ability to convert data into information that is meaningful to you. Convert your fear in accounting to confidence based on understanding the "jargon" in your own terms. Sharpen your analytical skills and empower yourself with understanding accounting for your business. In this class, you will have a series of thoughtfully prepared video lectures, using real-life business examples and practice exercises after each section to reinforce your learning. Dr. Jacinto promotes and encourages lively discussions and feedback sessions. All your questions directly related to the topic will be answered within 24 hours. This course is ideal for college business and accounting students, bookkeepers, business owners, managers and anyone who wants to better understand accounting in business in a way that makes sense to you. This is an excellent study guide and supplement for students in accounting and those who are looking for a quick refresher. This course is an excellent complement to Accounting 2 Simplified You.
Overview
Lecture 1 Dr. Majo Jacinto's Student Testimonials
Section 1: Understanding Business, Making Decisions and Accounting Basics
Lecture 2 How does business work? What do I need to know?
Lecture 3 What is Accounting? Role of accounting and ethics in business. GAAP
Section 2: Discover how it's done in a real business setting.
Lecture 4 Setting the stage and sample company text
Lecture 5 Accounting Equation and Recording business transactions. New company setup
Lecture 6 Financial Statements and the reporting process.
Section 3: Let's design the accounting system for your business.
Lecture 7 Chart of Accounts
Lecture 8 Journalizing transactions. Rules of Debits and Credits
Lecture 9 General Ledger - keeping track of account balances
Lecture 10 Preparing a trial balance report for what purpose?
Section 4: Cash versus Accrual. Adjusting Entries & Financial Statements
Lecture 11 Cash versus Accrual. Adjusting Entries
Lecture 12 CONCLUSION - Financial Reports preparation, sequence and analysis.
Section 5: Career Opportunities in Accounting
Lecture 13 Explore opportunities in the accounting field
Intended for beginners audience,None or very little understanding of accounting,Excellent study guide for accounting and business students who are currently enrolled in their first college accounting courses.,Ideal for those who have procrastinated from taking required accounting courses for fear of its difficulty.,Bookkeepers, accounting clerks, managers and small business owners who are looking to understand the big picture,College students who are considering accounting as a career track


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