Financial Accounting & Excel–Comprehensive Accounting Course
Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals
What you will learn
Debits & Credits
Excel Fundamentals - Add, Subtract, Sum Function
Journalize Journal Entries
Post Journal Entries to General Ledger
Create Trial Balance From General Ledger
Financial Statement Generation
Closing Journal Entries
Reversing Journal Entries
If we are a business owner or accounting professional who would like to get a better understanding of what our accounting software is doing
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.
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
Starting a New Business
Enter Data For the First Month of Operations
Enter Data For the Second Month of Operations
Adjusting Entries, Financial Statements, Closing Entries, and Reversing Entries
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