What you'll learn
Identify the accounting principles and the role of accounting in sustainable business organizations
Measure and record balance sheet and income statement elements in organizations
Be able to get an "A" in your college or University Introductory Financial Accounting course.
Be well prepared to take a more advanced accounting course.
Be able to keep accounting records for a service company and a merchandise company.
Know how to use excel in recording business transactions.
Complete two case studies where you keep the accounting records - one for a service company and one for a merchandise company. Using excel you record journal entries, summarize in the ledger, take a trial balance, do adjusting entries and present an income statement and balance sheet for each company.
Requirements
The excel spreadsheet files will be provided.
Description
This is an introductory financial accounting course that covers all the financial accounting concepts offered in an introductory financial accounting course at university or college. Financial accounting is the process of recording, summarizing and reporting a company's business transactions through financial statements. These statements are: the income statement, the balance sheet, the cash flow statement and the statement of retained earnings.Learn and Master the Financial Accounting Process.Understand that accounting is the language of business.Know business terminology (biz speak).Understand the difference between a corporation and a single proprietorship.Know the three forms of business - service company, merchandise company and a manufacturer.Understand an Income Statement and how to prepare one.Understand a Balance Sheet and how to prepare one.Know how to analyse and record business transactionsLearn how to use debits and credits to record business transactions.Know how to use the accounting journal and ledger,Complete a set of accounting records for a service business using excel spreadsheets.Complete a set of accounting records for a merchandise company using excel spreadsheets.Understand LIFO and FIFO.Understand how to use the accounting system for Internal Control.Understand the different methods of depreciation.This is one of the best courses I have gone through. My finance knowledge has increased to large extent. Sonalika Sood
Overview
Section 1: Overview
Lecture 1 Why take accounting?
Section 2: Module 1 A - Interactive Video Lecture & Exercises
Lecture 2 Introduction to accounting Interactive lecture
Lecture 3 Interactive exercises and problems
Section 3: Module 1 -Overview of Module 1 concepyts
Lecture 4 Financial Accounting overview
Lecture 5 Three Types of Business organizations
Lecture 6 Business Activities overview
Section 4: Assignment and quiz
Section 5: Summary of Module 1
Lecture 7 Summary
Section 6: Module 2 - Know how to present the Income Statement and Balance Sheet
Lecture 8 Lecture - Introduction to Financial Statements
Lecture 9 Test your understanding of financial statements
Lecture 10 Classified Balance Sheet
Lecture 11 Classified Balance Sheet questions
Section 7: Test Your Understanding of Financial Statement
Section 8: Module 3 - Know how to Analyze a Business Transaction
Lecture 12 Lecture 1 - Understanding Business Transactions and how to record them
Lecture 13 Excel Case - Jarvis Consulting
Section 9: Module 3 A - Interactive Exercises on Business Transactions
Lecture 14 Interactive exercises on Analyzing Business Transactions
Section 10: Activities to deepen your understanding
Section 11: Module 4 - Know how to use Debits and Credits in accounting
Lecture 15 Lecture - Debits and Credits
Section 12: Module 4 A - Interactive exercises on Recording Business Transaction
Lecture 16 Interactive exercises
Section 13: Module 5 - Know how to Journalize Business Transactions
Lecture 17 Lecture on Recording Business Transactions in the Journal
Lecture 18 Interactive lecture on Recording Business Transactions
Section 14: Module 5 - Activities to deepen your understanding
Section 15: Module 7 -Know how to Adjust the Accounts & Complete the Accounting Cycle
Lecture 19 Adjusting the Accounting Records
Section 16: Module 7 - Resources
Lecture 20 How the accountant uses the worksheet
Lecture 21 Closing the Books
Section 17: Module 7 - Activities to deepen your understanding
Section 18: Practice Set - Fraser's Golf Academy
Lecture 22 Fraser's Golf Academy
Section 19: Fraser's Golf Academy Practice set of Accounting Records
Lecture 23 Accounting Case - Fraser's Golf Academy
Lecture 24 Fraser's Excel accounting records
Section 20: Module 8 - Know some Accounting Theory
Lecture 25 Lecture - Accounting Theory
Section 21: Module 8 - Activities to deepen your understanding
Section 22: Module 9 - Know How to Record the Transactions of a Merchandiser
Lecture 26 Lecture on Recording Purchase Transactions
Lecture 27 Recording Merchandise Purchases
Lecture 28 Lecture #2- Recording Sales Transactions
Lecture 29 Recording Merchandise sales
Section 23: Module 9 - Activities to deepen your understanding
Lecture 30 Excel problem - Curtain Co
Section 24: Module 10 - Multi-step Income Statement
Lecture 31 Classified income Statement
Section 25: Activities to deepen your understanding
Section 26: Tom's Pro Golf Shop - Practice set for a merchandise co.
Lecture 32 Tom's Pro golf Shop practice set
College and university business students,Secondary school students taking a bookkeeping or accounting course in high school.,Entrepreneurs who want a good understanding of basic accounting.


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