Financial Accounting & Excel–Comprehensive Accounting Course

Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals

4.35 (534 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
38,738
students
21.5 hours
content
Mar 2021
last update
$99.99
regular price

What you will learn

Accounting Cycle

Debits & Credits

Excel Fundamentals - Add, Subtract, Sum Function

Journalize Journal Entries

Post Journal Entries to General Ledger

Create Trial Balance From General Ledger

Adjusting Entries

Bank Reconciliations

Financial Statement Generation

Closing Journal Entries

Reversing Journal Entries

Description

If we are a business owner or accounting professional who would like to get a better understanding of what our accounting software is doing

Or

An accounting student or student in general that would like to get a better understanding of what our accounting textbook is doing

This course is a course for us.

Business owners, accounting professionals, and accounting students often have the same problem with accounting. . .

that we are focused on one small component of the accounting process and not able to make all the necessary connections to other components of the accounting process to fully benefit from an understanding of how the business runs.

Business owners focus on cash flow and revenue, accounting professionals focus on their component of the accounting department and enter data into the accounting software, and accounting students focus on the topic they are currently working on.

Accounting professional often focus on one component of the accounting cycle like accounts receivable, accounts payable, or payroll often not having much time to consider the relationship with other areas of the accounting cycle.

Accounting software helps simplify the data entry process, but the simplification also restricts us from seeing how the data is being processed into the end product, into financial statements and reports.

Students are focused on one component of the accounting cycle at a time following an accounting textbook that is putting the pieces of the accounting puzzle together one step at a time.

As students zoom their focus into the current topic, they often lose sight of it fits into the larger objective and this loss of sight causes students to question the relevance of what they are losing. Student’s questioning the relevance of what they are learning causes students to lose interest. A loss of student interest causes students grades to fall.

Part of the reason accounting textbooks have a difficult time incorporating the current topic into the big picture is that a textbook is restricted by what can fit on a page and the problems a textbook provides are restricted by what a student can accomplish with paper and pencil.

The use of instructional video providing a step by step process along with Excel that allows students to sum up large columns of numbers in a short time provides the tools to create a comprehensive problem that will demonstrate current topics in the context of the entire accounting process.

Why Take This Course?

We will learn the accounting cycle in a comprehensive way and learn the fundamental of Excel.

Learning the accounting process without Excel or Excel without accounting is a waste of time and not an efficient way to learn either topic.

Like assets being equivalent to liabilities and equity, accounting is equivalent to Excel in many ways and therefore learning Excel will accelerate our learning of accounting and make what we learn more applicable.

Accounting is also the perfect tool to learn Excel. This course will not provide a broad overview of everything Excel can do because that is not a way to learn. Courses attempting to demonstrate all the functions Excel fail to create value for learners because learners will not retain what they learn without a foundation of core concepts and a reason for learning each new function.

This course will cover the fundamentals of Excel, those components used 99% of the time, and the components needed as a foundation for learning more about Excel.

The core components of Excel we will learn include adding, subtracting, and summing up columns of numbers.

We will learn the core concept of Excel through demonstration, repetition, and application to practical problems.

What Will Be Included in This Course?

We will complete a comprehensive problem using both instructional video and application.

Although the course offers much more than just instructional video, it does include over 20 hours of instructional video.

We also include an Excel worksheet with just about every presentation allowing us to both see the completed answer and work through the problems step by step along with the video.

Each Excel workbook includes at least two tabs. One tab will have the answer so that we can see how the completed worksheet is constructed and the second tab will provide us the opportunity to enter the data along with the instructional video.

Who Will We Be Learning From?

We will be learning from somebody who has practical accounting experience as a practicing CPA, teaching experience, curriculum design experience.

Credentials include:

We are learning from someone who has both instruction and curriculum development experience needed to construct comprehensive courses of a technical nature in a way that meets students’ needs and expectations.

 What Will We Learn?

We will learn how to complete the components of the accounting cycle and the fundamental of Excel including addition, subtraction, and the sum function.

Below is a short list of what is included in the accounting cycle and what we will cover in the course:

  • Journalizing journal entries
  • Posting to the general ledger
  • Create a trial balance
  • Adjusting entries
  • Bank reconciliations
  • Financial statement generation
  • Closing entries
  • Reversing entries

How Will We Be Taught?

We will learn through viewing and then doing.

We will demonstrate each component of the problem in small digestible parts using both a completed Excel worksheet and instructional video.

We will provide an Excel worksheet that can be filled in along with the instructional video or after watching the instructional video.

Please join us in learning Accounting, Excel, debits, and credits.

It will be Great 

Course Content Includes:

  • Start a New Business Section of Accounting & Excel Course
  • 05 Set up New Company Worksheet
  • 10 Set Up Inventory Items
  • 15 Set Up Customer Balances
  • 20 Set Up Vendors Beginning Balances
  • 25 Enter Opening Account Balances
  • Accounting Concepts Section of Accounting & Excel Course
  • 135 Cash Method vs Accrual Method
  • 132 Balance Sheet & Income Statement Relationship
  • 155 Financial Transaction Rules
  • 160 Financial Transaction Thought Process
  • Enter Data for First Month Section of Accounting & Excel Course
  • 05 Owner Deposit & Loan Deposit
  • 10 Purchase Furniture & Record Investment
  • 20 Part 1 Invoice Transaction
  • 20 Part Two Create on Invoice Transaction
  • 25 Receive Payment Part 1
  • 25 Receive Payment Part 2
  • 25 Receive Payment Part 3
  • 30 Cash Sales Transaction Part 1
  • 30 Cash Sales Part 2
  • 35 Deposit Part 1
  • 35 Deposit Part 2
  • 40 Part 1 Inventory Payment
  • 40 Part 2 Inventory Payment
  • 45 Invoice for Preordered Item Part 1.
  • 45 Invoice for Pre-ordered Item Part 2
  • 50 Receive Payment & Make Deposit
  • 55 Part 1 Write Check
  • 55 Part 2 Write Check Part 2
  • 60 Pay Bills
  • 65 Customer Jobs
  • 70 Payroll
  • 75 Job Sales Receipt
  • 80 Financial Statements & Reports
  • 90 Closing Process January
  • 92 Worksheet Month Two
  • Enter Data for Second Month Section of Accounting & Excel Course
  • 05 Make Loan Payments
  • 10 Short Term Investment
  • 20 Receive Inventory With Bill
  • 20 Receive Inventory With Bill Part 2
  • 25 Sales Receipt & Deposit
  • 25 Part 2 Sales Receipt & Deposit
  • 30 Advanced Payment From Customer
  • 35 Apply Credit to Invoice
  • 40 Record Sales on Account
  • 45 Advance Customer Payment
  • 50 Bills Track & Pay
  • 55 Customer Payment on Account
  • 60 Pay Sales Tax
  • 65 Pay Payroll Tax
  • 70 Enter Bills & Pay Bills
  • 75 Service Item & Invoices
  • 77 Purchase Equipment with Debt
  • 80 Payroll
  • 90 Rental Income
  • 95 Financial Statements
  • Bank Reconciliations Section of Accounting & Excel Course
  • 10 Bank Reconciliation January
  • 12 Bank Reconciliation Adjusting Entries January
  • 15 Bank Reconciliation February
  • 20 Bank Reconciliation Feb. Adjusting Entries
  • Adjusting Entries & Financial Statement Section of Accounting & Excel Course
  • 10 Loan Payable Adjusting Entry Part 1
  • 15 Loan Payable Adjusting Entry Part 2
  • 20 Accrued Interest Adjusting Entry
  • 25 Invoice Adjusting Entry
  • 40 Prepaid Insurance Adjusting Journal Entry
  • 45 Depreciation Adjusting Entry
  • 50 Unearned Revenue Adjusting Entry
  • 60 Financial Statements
  • 65 Closing Process February
  • 300 Accrued Interest Reversing Entry
  • 350 Accounts Receivable Reversing Entry
  • 550 Unearned Revenue Reversing Entry


Screenshots

Financial Accounting & Excel–Comprehensive Accounting Course - Screenshot_01Financial Accounting & Excel–Comprehensive Accounting Course - Screenshot_02Financial Accounting & Excel–Comprehensive Accounting Course - Screenshot_03Financial Accounting & Excel–Comprehensive Accounting Course - Screenshot_04

Content

Introduction

Introduction
Course Outline

Starting a New Business

Start a New Business Section of Accounting & Excel Course
Excel Worksheet - 6.05 Set Up New Company Worksheet
6.05 Set up New Company Worksheet
Excel Download - 6.10 Set Up Inventory Items
6.10 Set Up Inventory Items
Excel Download - 6.15 Set Up Customer Balances
6.15 Set Up Customer Balances
Excel Download - 6.20 Set Up Vendors Beginning Balances
6.20 Set Up Vendors Beginning Balances
Excel Download - 6.25 Enter Opening Account Balances
6.25 Enter Opening Account Balances

Accounting Concepts

Accounting Concepts Section of Accounting & Excel Course
135 Cash Method vs Accrual Method
132 Balance Sheet & Income Statement Relationship
155 Financial Transaction Rules
160 Financial Transaction Thought Process

Enter Data For the First Month of Operations

Enter Data for First Month Section of Accounting & Excel Course
Excel Download - 7.05 Owner Deposit & Loan Deposit
7.05 Owner Deposit & Loan Deposit
Excel Download - 7.10 Purchase Furniture & Record Investment
7.10 Purchase Furniture & Record Investment
Excel Download - 7.20 Part 1 Invoice Transaction
7.20 Part 1 Invoice Transaction
Excel Download - 7.20 Part Two Create on Invoice Transaction
7.20 Part Two Create on Invoice Transaction
Excel Download - 7.25 Receive Payment Part 1
7.25 Receive Payment Part 1
Excel Download - 7.25 Receive Payment Part 2
7.25 Receive Payment Part 2
Excel Download - 7.25 Receive Payment Part 3
7.25 Receive Payment Part 3
Excel Download - 7.30 Cash Sales Transaction Part 1
7.30 Cash Sales Transaction Part 1
Excel Download - 7.30 Cash Sales Part 2
7.30 Cash Sales Part 2
Excel Download - 7.35 Deposit Part 1
7.35 Deposit Part 1
Excel Download - 7.35 Deposit Part 2
7.35 Deposit Part 2
Excel Download - 7.40 Part 1 Inventory Payment
7.40 Part 1 Inventory Payment
Excel Download - 7.40 Part 2 Inventory Payment
7.40 Part 2 Inventory Payment
Excel Download - 7.45 Invoice for Preordered Item Part 1.ENCODING
7.45 Invoice for Preordered Item Part 1.ENCODING
Excel Download - 7.45 Invoice for Preordered Item Part 2
7.45 Invoice for Preordered Item Part 2
Excel Download - 7.50 Receive Payment & Make Deposit
7.50 Receive Payment & Make Deposit
Excel Download - 7.55 Part 1 Write Check
7.55 Part 1 Write Check
Excel Download - 7.55 Part 2 Write Check Part 2
7.55 Part 2 Write Check Part 2
Excel Download - 7.60 Pay Bills
7.60 Pay Bills
Excel Download - 7.65 Customer Jobs
7.65 Customer Jobs
Excel Download - 7.70 Payroll
7.70 Payroll
Excel Download - 7.75 Job Sales Receipt
7.75 Job Sales Receipt
Excel Download - 7.80 Financial Statements & Reports
7.80 Financial Statements & Reports
Excel Download - 7.90 Closing Process January
7.90 Closing Process January
Excel Download - 7.92 Worksheet Month Two
7.92 Worksheet Month Two
Accounting Comic Break

Enter Data For the Second Month of Operations

Enter Data for Second Month Section of Accounting & Excel Course
Excel Download - 8.05 Make Loan Payments
8.05 Make Loan Payments
Excel Download - 8.10 Short Term Investment
8.10 Short Term Investment
Excel Download - 8.20 Receive Inventory With Bill
8.20 Receive Inventory With Bill
Excel Download - 8.20 Receive Inventory With Bill Part 2
8.20 Receive Inventory With Bill Part 2
Excel Download - 8.25 Sales Receipt & Deposit
8.25 Sales Receipt & Deposit
Excel Download - 8.25 Part 2 Sales Receipt & Deposit
8.25 Part 2 Sales Receipt & Deposit
Excel Download - 8.30 Advanced Payment From Customer
8.30 Advanced Payment From Customer
Excel Download - 8.35 Apply Credit to Invoice
8.35 Apply Credit to Invoice
Excel Download - 8.40 Record Sales on Account
8.40 Record Sales on Account
Excel Download - 8.45 Advance Customer Payment
8.45 Advance Customer Payment
Excel Download - 8.50 Bills Track & Pay
8.50 Bills Track & Pay
Excel Download - 8.55 Customer Payment on Account
8.55 Customer Payment on Account
Excel Download - 8.60 Pay Sales Tax
8.60 Pay Sales Tax
Excel Download -8.65 Pay Payroll Tax
8.65 Pay Payroll Tax
Excel Download - 8.70 Enter Bills & Pay Bills
8.70 Enter Bills & Pay Bills
Excel Download - 8.75 Service Item & Invoices
8.75 Service Item & Invoices
Excel Download - 8.77 Purchase Equipment with Debt
8.77 Purchase Equipment with Debt
Excel Download - 8.80 Payroll
8.80 Payroll
Excel Download - 8.90 Rental Income
8.90 Rental Income
Excel Download - 8.95 Financial Statements
8.95 Financial Statements

Bank Reconciliation

Bank Reconciliations Section of Accounting & Excel Course
Excel Download - 9.10 Bank Reconciliation January
9.10 Bank Reconciliation January
Excel Download - 9.12 Bank Reconciliation Adjusting Entries January
9.12 Bank Reconciliation Adjusting Entries January
Excel Download - 9.15 Bank Reconciliation February
9.15 Bank Reconciliation February
Excel Download - 9.20 Bank Reconciliation Feb. Adjusting Entries
9.20 Bank Reconciliation Feb. Adjusting Entries

Adjusting Entries, Financial Statements, Closing Entries, and Reversing Entries

Adjusting Entries & Fianncial Statement Section of Accounting & Excel Course
Excel download - 10.10 Loan Payable Adjusting Entry Part 1
10.10 Loan Payable Adjusting Entry Part 1
Excel Download - 10.15 Loan Payable Adjusting Entry Part 2
10.15 Loan Payable Adjusting Entry Part 2
Excel Download - 10.20 Accrued Interest Adjusting Entry
10.20 Accrued Interest Adjusting Entry
Excel Download - 10.25 Invoice Adjusting Entry
10.25 Invoice Adjusting Entry
Excel Download - 10.40 Prepaid Insurance Adjusting Journal Entry
10.40 Prepaid Insurance Adjusting Journal Entry
Excel Download - 10.45 Depreciation Adjusting Entry
10.45 Depreciation Adjusting Entry
Excel Download - 10.50 Unearned Revenue Adjusting Entry
10.50 Unearned Revenue Adjusting Entry
Excel Download - 10.60 Financial Statements
10.60 Financial Statements
Excel Download - 10.65 Closing Process February
10.65 Closing Process February
Excel Download - 10.300 Accrued Interest Reversing Entry
10.300 Accrued Interest Reversing Entry
Excel Download - 10.350 Accounts Receivable Reversing Entry
10.350 Accounts Receivable Reversing Entry
Excel Download - 10.550 Unearned Revenue Reversing Entry
10.550 Unearned Revenue Reversing Entry

Reviews

FREDRICK
June 25, 2022
I love how he tries to explain the terms for those of us new to accounting. I just started the course, and I am loving it.
Stuart
June 13, 2022
Absolutely terrible course. Only teaches how to use one excel sheet rather than principles of accounting. Students don't put into practice anything but just have to watch endless videos and soooo much repetition - paste 123, freeze panes, etc... its painful.
Mei
May 29, 2022
Comprehensive lay out of accounting process. I signed up to refresh myself on the accounting close - and this was helpful!
Vijay
April 25, 2022
So far i am quite happy with the course. Most likely will be 5 star by the time i finish half the course. I like how the instructer refers to how the excel template is structured to mimic quickbooks's automated system to show how the transactions are implemented in the process.
Wilson
July 20, 2021
A very good material, very clear explanations. Throughout the course the same methodology was used in each video; each step was explained in detail, this helped me to better understand the concepts and process in the accounting cycle.
Chukwuemeka
June 27, 2021
Explained accounting topics very well. With loads of non-stop examples to hammer the point home. Very thorough course!
Hossam
February 11, 2021
The course is good but you are focusing on the easy things but the hard things not and missing fifo and lifo, the bad debt, the depreciation methods and the accounting principles ?
JOhn
January 20, 2021
Yes, concepts have been very well explained &demonstrated in Excel. Has been a great refresher course so far and I am happy I purchased this course.
Mahmoud
December 31, 2020
Simply amazing, I recommend it, you will understand the overall concept of financial statements & see how quick books make financial statements, and effects of entries on ledger and financial statements. Lecturer teach this course in a better and simple way.
C.
September 12, 2020
I really enjoyed the way the trainer taught the course. He was very thorough, articulate and professional. He taught in a way that worked well for a detail-oriented person like myself. He also explained the effects of the transactions on the other accounts, financial reports, etc. It helped me to learn the 'flow', as I had no previous accounting experience. I enjoyed his style, so I just purchased his Quickbooks Online course also. Thank you!
Stephen
July 13, 2020
Would be very useful if shown exactly what QB is going to do with these transactions as opposed to being told what it would do. For example, it would have been useful to do a customer beginning balance entry in QB and then see journal entries and the financials.
Bismark
May 18, 2020
i have learnt a lot from this course. now i can create my own journals with the help of excel and can record almost all financial transactions with the help of excel.
Mathieu
March 14, 2020
it takes an eternity juste to make = check cell * another cell... come on, also you can copy paste this formula on each of your selling items so you dont have to dot it for each items...
Kenya
January 12, 2018
Can't answer this question cause the instructor is still talking about the intro to the course. Intro needs to not run so long.
Deryck
December 18, 2017
I think the plan of the course is very effective. The course will cater to students who are interested in learning the fundamentals of accounting and excel.

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1458300
udemy ID
12/4/2017
course created date
11/1/2019
course indexed date
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course submited by