Dr John's - Learn Financial Accounting the easy way
Expert help and advice for you in your accounting course. I will be constantly updating this course.
Ratings 4.35 / 5.00
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. We begin with an understanding of how the accountant presents the Income Statement and Balance sheet. Then we learn how to record business transactions using Debits and Credits. There are two practice sets of accounting records where you will learn how to keep the books for a service company and again fora merchandise company. The accounting records will be in an excel file that is part of material of this course. We will be continually uploading more problems with video solutions for you to practice.
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 transactions
Learn 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 course is unique in that it contains a number of excel projects on using a set of accounting records first for a service company and then a merchandise company. There are practice midterm and final exams with marking keys that highlight where an exam marker will award you marks.
If you can get an "A" on the midterm and final exams in this course - you'll get an A from your accounting prof.
I liked your explanations dr, because you explain every chapter step by step so that’s very good and understandable to the students, and each video or each lecture almost is not so long. also dr, thank you very much for this kind of teaching style really even am already take this course but I feel I need to go through this videos to learn from you dr because it's very important course
Mohammed_ali111
This is one of the best courses i have gone through.My finance knowledge have increased to large extent. Sonalika Sood
What You Will Learn!
- Identify the accounting principles and the role of accounting in sustainable business organizations
- Prepare financial statements using spreadsheets and interpret its content in order to articulate its role in the decision making process for internal and external users
- Measure and record balance sheet and income statement elements in organizations
- Apply analytical tools such as Ratio Analysis and critical thinking techniques to specialized business problems
- Examine the system of internal control applicable to major financial elements
- 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.
Who Should Attend!
- 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.
