• Post category:Udemy (June 2022)
  • Reading time:13 mins read


Includes downloadable e-book in multiple formats so you can open it on your tablet or Kindle -Formats (EPUB, MOBI, PDF)

What you will learn

Define accounting

List accounting objectives

List and describe financial statements

Explain the relationship between financial statements

Describe the double entry accounting system

Name and explain the accounting equation

Record financial transactions using the accounting equation

Record financial transactions using debits and credits

Post general journal entries to the general ledger

Description

Includes downloadable e-book in multiple formats so you can open it on your tablet or Kindle – Formats (EPUB, MOBI, PDF).

Accounting Instruction Reference #100 is a book that sells on Amazon and is available in Kindle, Paperback, and audiobook format. Often times when we receive a book that is published on Amazon it is exciting until we find it is only in PDF format. The e-book we provide is in a format you can use on a tablet and Kindle.

Accounting core concepts will be covered, foundational accounting skills needed for all levels of accounting including the accounting terms, the double entry accounting system, and recording transactions using both the accounting equation and debits and credits.

These are the accounting fundamentals which most accounting courses spend far too little time on. The better we understand these accounting foundation topics, the better we will do in all accounting concepts.

Like practicing catch or going over those musical scales, practicing the accounting fundamentals is time well spent for beginners as well as experienced accountants. We are never too smart to practice the accounting fundamentals. This course will thoroughly cover the fundamentals and will provide a foundation for learning concepts that limit the likelihood of learning rules that do not always apply.


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We also offer practical practice problems in Excel, along with step by step instructional videos to walk you through an example problem. Learning basic concepts in Excel while learning accounting concepts will advance our ability to learn both topics much faster. We will only cover very basic Excel tops, using step by step instruction, including learning how Excel names cells, how to add and subtract in Excel, and how to use the sum function.

This course will provide much more structure to the journal entry process than most courses, including a detailed step by step process for thinking about how to construct financial transactions. This process will eliminate the problem of getting stuck and not knowing how to move forward. The process will also help us understand the transactions we are recording and eliminate the problem of learning concepts that do not apply in all circumstances.

I am available for questions throughout the course. I have been teaching and working in accounting for a long time, have a lot of experience breaking down concepts, and enjoy working with new people.

Please join us in learning financial accounting concepts

English
language

Content

Introduction

Course Outline
Download E-book Available Formats – (EPUB, MOBI, PDF) – Works on tablet & Kindle

Why Learn Accounting

Why Learn Accounting Overview
PDF – 1.5 Why Learn Accounting U
Why Learn Accounting
Notes – What is Accounting and Why Learn Accounting

Accounting Objectives, Accounting Equation, & Ethics

Accounting Objectives, Accounting Equation, & Ethics Overview
PDF – 1.11 Accounting Objectives U
Accounting Objectives
Notes – Accounting Objectives
PDF – 1.15 Accounting Equation
Accounting Equation
Notes – Accounting Assumptions
PDF – 1.17 Lecture 3 Ethics, profession, and Generally Excepted Accounting u
Ethics & Profession
Notes – Ethics in Accounting
Notes – Categories of Accounting
Notes – Define and describe Generally Accepted Accounting Principles GAAP
Practice Short Calculation Test Questions Accounting Equation

Financial Statements

Financial Statements Overview
PDF – 1.18 Balance Sheet Explained u
Balance Sheet
PDF – 1.20 Income Statement Explained u
Income Statement
PDF – 1.23 Statement of Owner’s Equity u
Statement of Equity
PDF – 1.15 Balance Sheet & Income Statement Relationship
Balance Sheet & Income Statement Relationship
Notes – Business Categorization
Notes – Financial Statements
Practice Short Calculation Test Questions Accounting Equation

Accrual Method, Cash Method, Revenue & Expense Recognition

Accrual Method vs Cash Method Overview
PDF – 1.12 Revenue recognition principle u
Revenue Recognition Principle
PDF – 1.14 Cash Vs Accrual u
Cash Method vs Accrual Method
Notes – Accrual Basis and Cash Basis
Notes – Accounting Equation and Account Types
Practice Short Calculation Test Questions Accounting Equation

Financial Transaction Rules & Thought Process

Financial Transaction Rules & Thought Process Overview
PDF – 1.18 Transaction rules for accounting equation u
Financial Transaction Rules
PDF – 1.19 Financial Transaction Thought Process
Financial Transaction Thought Process
Notes – Transaction Rules & Thought Process Using the Accounting Equation
Notes – Transactions & The Accounting Equation
Practice Short Calculation Test Questions Accounting Equation

Recording Transactions Using Accounting Equation

Recording Transactions Using Accounting Equation Overview
PDF1.20 Cash Transactions
Cash Transactions Accounting Equation
Excel Worksheet
Google Docs Worksheet – 10 Worksheet 1 Accounting Equation Cash
Worksheet – Accounting Equation – Cash
PDF – 1.30 Accounts Receivable Transactions
Accounts Receivable Transactions – Accounting Equation
PDF – 1.40 Accounts Payable
Excel Worksheet
Google Docs Worksheet – 20 Worksheet 3 Accounting Equation Accounts Payable
Worksheet – Accounting Equation – Accounts Payable
Practice Test Question – Accounting Equation

Mid – Point Glossary and Resources

Glossary – Part 1
Midpoint Test in PDF Format

Debits and Credits Defined

Debits & Credits Defined Overview
PDF – 2.05 Debits & Credits
Debits & Credits
Notes – Debits and Credits Notes
PDF – 2.06 Debit Credit – One Rule To Rule Them u
Rules for Using Debits & Credits
Notes – Account Types & Normal Balances

Debit & Credit Rules & Thought Process

Debit & Credit Rules & Thought Process Overview
PDF – 2.07 Debit and Credit Thought Process u
Journal Entry Thought Process
Notes – How to increase and decrease accounts
PDF – 2.5 Trial Balance u
Trial Balance
Notes – General Ledger & Trial Balance

Record Cash Transactions Using Debits and Credits

Record Cash Transactions Using Debits & Credits Overview
PDF – 2.10 Cash Journal Entries
Cash Journal Entries
Notes – Cash Journal Entries
Excel Worksheet
Google Docs Worksheet – 30 Prob 4 Debit and Credits Cash
Worksheet Prob 4 Debits and Credits Cash
PDF – 2.20 Accounts Receivable journal Entries

Record Accounts Receivable Transactions Using Debits and Credits

Accounts Receivable Journal Entries
Notes – Accounts Receivable Transactions
Excel Worksheet
Google Docs Worksheet – 40 Prob 5 Debit and Credits Accounts Receivable
Worksheet – Prob 5 Debits and Credits Accounts Receivable

Record Accounts Payable Transactions Using Debits and Credits

Record Accounts Payable Transactions Using Debits & Credits Overview
PDF – 2.30 Accounts Payable Journal Entries
Accounts Payable Journal Entries
Notes – Accounts Payable Transactions
Excel Worksheet
Google Docs Worksheet – 50 Prob 6 Debit and Credits Accounts Payable
Worksheet – Prob 6 Debits and Credits Accounts Payable

Record Transaction to General Ledger

13 Record Transactions to General Ledger Overview
General Ledger
PDF – 2.40 General Ledger
Practice Short Calculation Test Questions Debits and Credits
Excel Worksheet
Google Docs Worksheet – 60 Prob 7 General Ledger Cash
Worksheet – General Ledger Cash
Excel Worksheet
Google Docs Worksheet – 80 Prob 8 General Ledger Accounts Receivable
Worksheet – Prob 8 General Ledger Accounts Receivable
Excel Worksheet
Google Docs Worksheet – 70 Prob 8 General Ledger Accounts Payable
Worksheet – Prob 8 General Ledger Accounts Payable
Practice Short Calculation Test Questions Debits and Credits

Comprehensive Problem

Comprehensive Problem Overview
Excel Worksheet
Comprehensive Problem Part 1
Comprehensive Problem Part 2