Accounting in 60 Minutes A Brief Introduction

Learn the very basics of accounting in just about an hour.
Accounting in 60 Minutes A Brief Introduction
File Size :
482.47 MB
Total length :
1h 41m

Category

Instructor

Vincent Turner

Language

Last update

7/2021

Ratings

4.5/5

Accounting in 60 Minutes A Brief Introduction

What you’ll learn

Understand the basic accounting equation
Know the difference between a debit and a credit
See how to prepare a balance sheet and income statement
Understand why profit does not equal cash

Accounting in 60 Minutes A Brief Introduction

Requirements

No prerequisite knowledge is required!

Description

This is not your typical accounting course!      Professor Turner has taught thousands of students basic accounting.  He has developed shortcuts and analogies to make learning accounting easy.  If you want to understand this subject in a simple, fun way then this brief introductory course is for you.      This course will show you the very basics of accounting.  You can complete it in about an hour.  The course includes videos of the instructor at the whiteboard.  You will complete simple quizzes to reinforce what you have learned.  This course is intended for business owners, business students, managers or anyone who wants to understand basic accounting.  It presents the information in an understandable format.  Even if you have taken an accounting course you will find the material insightful.      The course introduces  The Accounting Equation (One you can understand!)Balance SheetsIncome StatementsDebits and Credits (And how to know which is which!)Why Profit Does Not Equal Cash!    If you have dreaded the thought of learning accounting, this is exactly the introduction you will welcome!      Why should take this course?      You are a business owner.  You want your business to succeed and you know that you need a better understanding of how the numbers are put together.      You are a manager.  You deal with accounting staff, bookkeepers, owners and subordinates.  You hear accounting terms daily but you want to know more about what accounting means.      You are a business student.  You dread taking your first accounting course.  Or maybe you are in an introductory class right now.  It all sounds so complicated.  You want to find a simple explanation of what you are trying to learn.      You are an accounting student.  You feel that you really did not get a firm grasp of the basics.  You would like to start from scratch in an easy to learn format.  CPE (Continuing Professional Education)Learning ObjectivesApply the basic accounting formulaIdentify assets, liabilities and equityDescribe how the income statement and balance sheet are connectedRecognize why profit does not equal cashInterpret a balance sheetPredict when an account increases with a debit or increase with a creditSummarize the purpose of a trial balanceDifferentiate income statement accounts from balance sheet accountsFor additional information, including refunds and complaints, please see Udemy Terms of Use, which is linked from the footer of this page.For more information regarding administrative policies, please contact our support using the Help and Support link at the bottom of this page.

Overview

Section 1: The Accounting Equation

Lecture 1 What = Who

Lecture 2 Let’s Buy a Car

Lecture 3 Some Practice Entries

Section 2: Everything Balances

Lecture 4 Debits = Credits

Lecture 5 The Trial Balance

Lecture 6 Debit and Credit Worksheet – A One Page Template to Help You Know When To Debit!

Section 3: The Balance Sheet

Lecture 7 It Balances!

Section 4: Let’s Make Some Money!

Lecture 8 Income Accounts

Lecture 9 Net Income

Lecture 10 The Income Statement

Section 5: Let’s Put Together a Financial Statement

Lecture 11 A Short Ebook on How to Put Together a Balance Sheet

Section 6: Profit Does Not Equal Cash!

Lecture 12 It’s All About Timing

Lecture 13 Income Does Not Equal Cash

Lecture 14 Expenses and Timing

Section 7: Conclusion

Lecture 15 What We Have Learned

Section 8: Extras!

Lecture 16 How To Increase Your Profits with Break Even Analysis!

business owners,managers,business students,beginning accounting students

Course Information:

Udemy | English | 1h 41m | 482.47 MB
Created by: Vincent Turner

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