Learn Basic Fundamental Concepts of Accounting in 2023
Discover the fundamental concepts of accounting in less than 40 mins with easy-to-understandable explanations
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What You Will Learn!
- Grasp the essentials of the accounting equation
- Know the difference between a debit and a credit
- Learn how to create a balance sheet and income statement
- Learn the accounting cycle
Description
"This isn't your typical accounting course!
In this course, I have taught the fundamentals of accounting and developed clever shortcuts and analogies to simplify the learning process. If you're looking for an engaging and straightforward introduction to accounting, this brief course is perfect for you.
In just 35 mins, you'll gain a solid understanding of accounting basics. The course includes video lessons where I will explain the concepts and will reinforce your learning through quick quizzes. This course is designed for business owners, business students, managers, or anyone seeking a grasp of fundamental accounting principles. The material is presented in an accessible format, making it insightful even for those who have taken accounting courses before.
Here's what you'll learn in this course:
- The Accounting Equation (Explained in a way that's easy to understand!)
- Balance Sheets
- Income Statements
- Debits and Credits (And how to distinguish between them!)
If you've ever dreaded the idea of delving into accounting, this is the introduction you've been waiting for!
Why should you take this course?
- You're a business owner, and you want your business to thrive. You recognize that a solid understanding of how the numbers work is essential.
- You're a manager who interacts with accounting staff, bookkeepers, owners, and subordinates regularly. You hear accounting terminology daily but desire a deeper understanding of its meaning.
- You're a business student. Perhaps you're apprehensive about your first accounting course, or you're currently enrolled in an introductory class, finding the subject matter complex. You're seeking a simple and clear explanation.
- You're an accounting student. You feel that you haven't grasped the basics firmly, and you'd like to start from scratch in an easy-to-follow format.
Learning Objectives:
- Apply the fundamental accounting formula.
- Recognize assets, liabilities, and equity.
- Explain the connection between the income statement and the balance sheet.
- Determine when an account increases with a debit or a credit.
- Summarize the purpose of a trial balance.
- Differentiate income statement accounts from balance sheet accounts.
Who Should Attend!
- Entrepreneurs or Business Owners
- Supervisors
- Students studying business