Introduction to Accounting

The foundation of accounting theory and an introduction to book-keeping.

4.56 (74 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
1,454
students
1.5 hours
content
Dec 2023
last update
FREE
regular price

What you will learn

Students will be introduced to the foundation of accounting and book-keeping consistent with International practices.

We will start with the basics including what accounting is, and what are financial statements.

Next we will discus the most common accounts used in accounting and bookkeeping.

We will then prepare accounting entries.

From there we will tour an accounting software program.

Description

This course is designed to teach the foundation of accounting and book-keeping, and is based on International practices found throughout Canada, the USA, and Europe.

This course is intended for learners who have no prior knowledge, or for those who have taken training in the past, but would like to take a refresher course. Another group who will benefit from this course are those who were taught to use a computerized accounting system, but struggle to understand why certain entries are recorded in a certain manner; a perfect example is we have all been taught a debit to our personal bank account means we take money out and a credit puts it in, yet when we make an accounting entry at work debits increase the bank account where credits decrease it (I've got your attention now!)

Finally, for those who wish to take my advanced courses such as Introduction to Manufacturing Accounting - Standard Costing or Introduction to Manufacturing Accounting - Project Costing , understanding the foundation of general accounting and book-keeping is essential.

In this class we will look at: What accounting is; what are financial statements; the common accounts we will use; the mechanics of double entry accounting; perform some transactions including reviewing their effect on financial statements, and then we will take a tour of a computerized accounting program making and evaluating the entries.

Enroll now and you won't be disappointed!

Content

Introduction

Introduction
What is Accounting?
What are Financial Statements?

Capital Assets

What are Capital Assets?
What is Amortization?

Quiz #1

Quiz #1

More Accounts

More Accounts

The Mechanics

Double Entry Accounting
T Accounts
More T Accounts and Journal Entries

Making Entries

Make Entries
Effects of Entries

Accounting Computer Software Demonstration

Entries
More Entries
Review Ledger

Quiz #2

Quiz #2

Conclusion

Closing Comments

Screenshots

Introduction to Accounting - Screenshot_01Introduction to Accounting - Screenshot_02Introduction to Accounting - Screenshot_03Introduction to Accounting - Screenshot_04

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Related Topics

3464158
udemy ID
8/31/2020
course created date
9/15/2020
course indexed date
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