Finance & Accounting Online Course by Udemy, On Sale Here
Including well over 100 hours of content, e-book (EPUB, MOBI, PDF) ,Excel worksheet, & PDF files, this is comprehensive
An excellent training about Accounting & Bookkeeping
AccountingFinancial Accounting Total-Beginners to Advanced
Recently updated with A LOT of added content. Includes downloadable e-book in multiple formats so you can open it on your tablet or Kindle – Formats (EPUB, MOBI, PDF).This course is an excellent supplement for students or anybody who wants to learn accounting and also have something they can refer back to in the future. Udemy generally provides lifetime access to the course. Many accounting students do not receive a physical book, they get to keep from their school, and even if they did, the information could become dated. Students who want a useful reference tool they can keep, and one that can be more easily updated then a textbook, will benefit from a resource such as this. Financial accounting is a LARGE topic and is not something that can be done well in 5, 10, or 20, hours of content, as you may see claimed elsewhere. We will cover accounting theory because theory and concepts are what accounting is. We need to learn theory so we can make appropriate adjustments in the real world. Learning procedures without understanding the theory will make us inflexible and unable to adapt to the ever-changing environment. We will learn the theory while we apply them to procedures. Financial accounting is relatively standardized in format. In other words, most accounting institutions will cover much the same topics, often in much the same order. We suggest looking up a standard accounting textbook, checking the index, and comparing the topics to the courses you are considering purchasing. We believe this course will line up well to anybodys needs who want to learn financial accounting. Below is a list of topics by section: Section SEC 1 An Introduction to Accounting, The Double Entry Accounting System, & Recording Transactions using Debits and CreditsSection SEC 2 Recording Period End Adjusting EntriesSection SEC 3 Recording Closing EntriesSection SEC 4 – Merchandising Transactions Transactions Involving InventorySection SEC 5 Inventory Cost Flow Assumptions (FIFO, LIFO, Weighted Average Methods)Section SEC 6 Subsidiary Ledgers & Special JournalsSection SEC 7 Bank Reconciliations & Cash Internal ControlsSection SEC 8 Accounts Receivable Allowance Method & Direct Write Off MethodsSection SEC 9 Depreciation Methods & Property Plant & EquipmentSection SEC 10 Payroll AccountingSection SEC 11 Partnership AccountingSection SEC 12 Accounting for CorporationsSection SEC 13 Bonds Payable, Notes Payable, & Long-Term LiabilitiesSection SEC 14 Statement of Cash FlowsThe course will start off at the basics and work all the way through the financial accounting topics generally covered in an undergraduate program. First, we will describe what financial accounting is and the objectives of financial accounting. We will learn how the double-entry accounting system works by applying it to the accounting equation. In other words, we will use an accounting equation to record financial transactions using a double-entry accounting system. We well learn all topics by fist having presentations and then applying the skills using Excel practice problems. If you are not familiar with how to navigate through Excel, it is OK. We will use preformatted worksheets, have step by step instructional videos, and will start off relatively slow. The next step is to apply the double-entry accounting system using debits and credits. Debits and credits are a new concept to most people not familiar with accounting, or possibly worse, many people have misconceptions about the meaning of debit and credit due to its use in areas like bank statements, credit cards, and debit cards. We will cover the rules related to debits and credits in a lot of detail. We will then record similar transactions we had done using the accounting equation, but now using debits and credits. After we get good at recording transactions using debits and credits, we will learn period end adjusting entries. Adjusting entries are used to adjust the books to represent an accrual basis at the period end better, and they are a great tool for enforcing the concepts of accrual accounting. Next, we will use the data we have learned to put together by recording financial transactions into financial statements, including the balance sheet, income statement, and statement of equity. We will learn to construct a statement of cash flows much later in the course. After completing the financial statements, we will learn how to journalize and post-closing entries. Closing entries are used to clean out temporary accounts and prepare for the transactions that will be recorded in the next period. The steps we have just outlined are critically important to all accounting, and we will need a reasonably good understanding of them to move forward. In other words, the better we understand these concepts, the more natural learning the rest of financial accounting will be. We recommend spending a good deal of time on these concepts and reviewing them often. Think of these skills as a baseball player thinks of playing catch or a musician thinks of playing the basic scales. We should
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