Bookkeeping Basics 2 Understand The Mechanics
What you’ll learn
Understand what “debits” and “credits” actually mean when it comes to bookkeeping and accounting
Learn the Fundamental Accounting Equation and how it applies to bookkeeping
How are transactions analyzed, recorded and posted
What steps are needed for End-of-the-Month adjustment entries and End-of-the-Year closing entries
What is depreciation? What are Prepaid Items? What is Accrued Payroll? How is Inventory booked?
As long as you know how to add and subtract (or can use a calculator!), you’re ready to begin!
Section 1: Introductions!
Lecture 1 Course Overview
Lecture 2 Tips for the Experience.
Lecture 3 Meet the Instructor and Resources
Lecture 4 The Set Up of the Course
Lecture 5 Accounting is a Process
Section 2: Let’s Learn Debits and Credits
Lecture 6 Intro & Let’s Refresh
Lecture 7 Finish Up The Refresh
Lecture 8 Seeing Double?
Lecture 9 Seeing MORE Than Double?
Lecture 10 Bob and the Equation
Lecture 11 More Equation (and Bob)
Lecture 12 Equation Practice
Lecture 13 T-Accounts & What Is A Debit?
Lecture 14 Transactions to T-Accounts
Lecture 15 Footing, Balancing and Trial Balancing
Lecture 16 Introducing The Quiz and Assignments
Lecture 17 “Homework” Activity, Instructions, and Work Papers
Lecture 18 AN IMPORTANT QUICK NOTE!!!
Lecture 19 Homework Answers – Part 1
Section 3: Accounting Is A Cycle
Lecture 20 Introducing “The Cycle”
Lecture 21 Interim vs Final
Lecture 22 What Are Adjustments and Closings?
Lecture 23 Setting Up The Worksheet
Section 4: Adjusting In The Cycle
Lecture 24 Why Adjust?
Lecture 25 Prepaid Assets
Lecture 26 Inventory Adjustments
Lecture 27 Depreciation…
Lecture 28 …More Depreciation
Lecture 29 Accrued Liabilities
Lecture 30 Wrapping The Adjustments
Lecture 31 Homework Assignment – Part 2
Lecture 32 Homework Answers – Part 2
Section 5: Closing Up The Cycle
Lecture 33 Closing? We’re Still In Business!
Lecture 34 What Gets Closed
Lecture 35 Revenue, Expenses and IS
Lecture 36 Closing The IS and Draw
Lecture 37 Homework Assignment – Part 3
Lecture 38 Homework Answers – Part 3
Section 6: So Now What?
Lecture 39 BONUS: Your Certificate and What’s Next?
This course is designed for both new and established small business owners and managers who may be strong in their own fields but want a better understanding of the basic concepts of tracking their company finances as well as students beginning the journey of learning bookkeeping.
Udemy | English | 3h 24m | 2.65 GB
Created by: Ron Trucks