Financial Accounting - #1 Ranked University: Course 1 of 5

Honored by the President of the United States for outstanding teaching, learn Accounting from the self-made millionaire.

4.76 (3804 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
instructor
28,595
students
29 hours
content
Mar 2024
last update
$139.99
regular price

What you will learn

Learn accounting from the #1 highest rated Accounting course on Udemy!

Produced and used at the #1 Accounting university in the World (as rated by the London Financial Times - 2013)

You will learn how to run a business through understanding accounting at the university level... the most in-depth course available

Learn how to maximize your business profits by understanding the Accounting Cycle

You will learn how to Finance a Business, the different Financial Statements, and legal forms of Businesses

You will learn about the vital Income statement and the famed accounting equation

Quickly learn debits and credits

Learn how to create financial statements

You will learn Accrual Accounting vs Cash accounting and know the advantages of each for your business

You will learn about Sales Revenue and Inventory (LIFO, FIFO, Average Cost)

You will learn how to protect your business so you don't get ripped off with Internal Controls.

You will learn about Long-Term Assets, Stocks, Bonds, and Dividends

You will learn how to strategically invest in a company's stock through analyzing their financial statements

Description

Welcome to the Norm Nemrow AC 1 - Accounting Course 1 of 5


Quick Glance

  1. Produced by the #1 Accounting University in the World (as rated by the London Financial Times).

  2. Professor is a self-made millionaire many times over. Taught accounting at his university as a volunteer and became the #1 best teacher on campus.

  3. Professor honored by the President of United States for teaching.

  4. #1 rated Accounting course on Udemy for many YEARS.

  5. Earn real University CREDITS by taking this course (see below for details).

  6. Between 5-10 times MORE content than other Udemy accounting courses. A real university course isn't accomplished in 1-3 hours (don't believe the hype). We train the highest recruited accounting students by the top four accounting firm on earth. We know what it takes to make you powerful in accounting.


Description

Learn accounting from the self-made millionaire Norm Nemrow and the recipient of a famed teaching award from the President of the United States. This course is produced by the #1 accounting university in the world, Brigham Young University (Rated by the London Financial Times 2013). This course will teach you the fundamentals of Financial Accounting better and more effectively than any course available today... guaranteed. Other courses may talk a good game but our course is the gold standard. This IS the specific course that prepares the top recruits into the big four accounting firms worldwide and recommended by HARVARD to its incoming MBA students.  Join over 100,000 top students from the top universities all over the world with our famous course that we're now making available on Udemy.  No other Accounting course to our knowledge has been highlighted in Wired magazine, Gagaom, and the New York Times, yes, it's that popular and well acclaimed. Welcome to the Norm Nemrow Accounting Course where you can get a NNAC in Accounting.

The Introduction to Accounting Course Series is composed of FIVE courses. If you take the challenge and learn the content in all FIVE courses then you will have mastered the first year of accounting at the best accounting university program in the world. These are the SAME courses we use at the university, which means if you sign-up with our Independent Study program, you only need to take the exams and you'll receive 6-credit hours. These credits are extremely valuable and will transfer to virtually any higher institution in the world. No other course on Udemy prepares you for real college credit-hours like our courses. However, if you decide the credits are not for you, that's also great... you will have received the best accounting education in the world here on Udemy, and you will have the knowledge you need to master your business and lead your company into the future.


Courses Offered
(All FIVE courses build on each other in order):

Course 1:
Introduction to Financial Accounting (THIS COURSE)

Course 2: Introduction to Managerial Accounting

Course 3: Advanced Financial Accounting

Course 4: Advanced Managerial Accounting

Course 5: Accounting Capstone


  • Developed and used at the #1 Accounting University in the World   

  • Discussed in Wired Magazine, Gigaom, & New York Times

  • Professor Norm Nemrow, self-made millionaire and the recipient of the National Points of Light Service Award from President Bush and teacher of the year at BYU EVERY YEAR the award was offered.


    Let’s be honest, accounting has a negative stigma attached to it. Why? Because mainstream accounting education teaches students how to be nothing more than bean counters. Talk about boring! We take a different approach; a better approach. In a nutshell, we teach students how to become business decision makers. Our goal is to give business leaders and entrepreneurs the necessary tools so they can unleash their ideas and be successful in the open business market. Accounting is the language of business and an entrepreneur with a solid understanding of the fundamental principles of accounting can run a business and solve problems better than competitors who fail to learn these crucial concepts. So join us in this exciting educational experience that will enrich your life and give you the competitive edge in your business.

Content

Meet Your Instructor and Introduction to Course

Meet Your Instructor and Introduction to Course

Introduction to Financial Accounting

What is a Business? | Keys to a Successful Business
Debt vs. Equity Financing | Financial vs. Managerial Accounting
General Financial Statements | Comparable Information | The Role of GAAP
Legal Forms of Business Ownership | Corporate Governance |Business is Good

General Purpose Financial Statements

Introduction to the Financial Statements |Balance Sheet | Stephen's Sweet Shop
The Income Statement | Revenues Defined | Expenses Defined
Expanded Equation
Relationship of Statements | Financial Statement Formats

Accounting Cycle Part One

Asset Valuation
Debits & Credits | Journal Entry Examples
Posting to the General Ledger
Trial Balance: What and Why? | Income Statement |Statement of Retained Earnings

Accounting Cycle Part Two

Common Ending Account Balances
Accrual Basis Accounting | Revenue Recognition Principle | Accrual vs Cash Basis
Adjusting Entries | Prepaid Expense Examples | Unrecorded Expenses and Revenues
Closing entries | Real vs. Nominal Accounts | Closing Entry Example
Account Analysis Examples

Financial Practice Set

Financial Practice Set - Introduction and Objectives
Introduction
Financial Practice Set form
Purpose of Exercise, Business Information, Requirement, Enclosures
Enclosures Continued, Subsidiary Ledger, Record Transaction, Special Journals
Using a Special Journal
Transactions Continued, General Journal, Trial Balance, Conclusion
Transactions continued, General Journal, Trial balance,
Financial Practice Set Solution

Sales Revenues

Sales Revenue
Accounting for Uncollectible Accounts

Inventory

Introduction to Accounting for Inventory
Purchase Discounts and Returns of Inventory
Inventory Cost Flows
Effects of Inflation and Deflation
Application of FIFO, LIFO, MWA
Physical Inventory Count and Recap

Operating Expenses and Internal Controls

Income Statement Format
Payroll Tax
Other Operating Expenses
Internal Controls

Long Term Operating Assets

Introduction to Long-Term Assets
Acquisition of an Asset
Allocation of the Cost of an Asset (expense over useful life)
Repairs, Maintenance and Improvements of Assets
Sale or Disposal of Asset
Practice Problems: Long-Term Assets
Intangible Assets
Goodwill
Natural Resources and Practice Questions

Debt and Equity Financing

Notes Payable
Mortgage Notes Payable
Bonds Payable
Common Stock
Preferred Stock
Dividend Payments

Financial Statement Analysis

Measures of Liquidity
Measures of Leverage
Measures of Management
Measures of Profitability
Measures of Stock Value
Vertical Analysis

Screenshots

Financial Accounting - #1 Ranked University: Course 1 of 5 - Screenshot_01Financial Accounting - #1 Ranked University: Course 1 of 5 - Screenshot_02Financial Accounting - #1 Ranked University: Course 1 of 5 - Screenshot_03Financial Accounting - #1 Ranked University: Course 1 of 5 - Screenshot_04

Reviews

Georgia
October 9, 2023
The course was very informative. This would be great for students and work professionals looking to refresh their knowledge in Financial Accounting procedures.
Josh
September 12, 2023
Every now and then I love coming across a course on Udemy where I have 0 doubt dropping 5 stars. I love the way everything is explained from the bottom up compared to some other courses where a lot of definitions are assumed. This makes for much easier and thorough learning. P.S. Love the Dad shirt ;)
Manu
August 22, 2023
Even though I'm from an accounting background my understanding was taken to another level, this course was in depth and explained in very easy manner.
Thamsanqa
August 21, 2023
This course has really contributed a lot to my Accounting Skills, and it is indeed a good match for me.
Michael
July 22, 2023
Great material. Clearly discusses accounting concepts. I'm enjoying the course. Challenging but enjoyable.
Cheng
July 21, 2023
Norm does this course in a very clear manner, so it’s very easy to follow his lectures and understand the contents.
Denise
July 8, 2023
I feel like I'm learning actual skills to help me in the work force. The instructor keeps it simple, straight-forward, and easy to understand.
Tim
June 13, 2023
I've needed to learn about accounting for a long time, as my undergrad did not require any accounting knowledge. I'm getting ready to go for my MBA and need some Accounting classes in the fall. I'm doing this to prepare myself for those classes and feel as if this is a great way to be exposed to accounting and well worth the money. The instructor makes the material very simple and the questions help to reinforce what he is speaking about. I'm only on lesson 8, but feel this is going to be well worth the time put into it.
Khaled
June 2, 2023
Love it so far easy to follow and understand Exactly what I was looking for and expected can't wait for the rest of the course
Shyam
May 25, 2023
I did't have any previous relationship with accounting but after taking this course i not only understand various concepts of accounting but also intrigued by its various applications in our daily life. I suggest this course to everybody regardless of your career field. Knowing these basic facts gonna help you later in life and professionally. Thank you nemrow for making it interesting through your subtle storytelling and an enjoyable journey.
Ajaay
May 15, 2023
Overall it was a wonderful experience while travelling this course.In this course I got to know the various concepts of accounting with illustations and examples.
Sheryl
May 6, 2023
Fantastic course. The practice problems test knowledge of the course on an ongoing basis. Very informative and comprehensive course. I highly recommend this course.
Leon
April 13, 2023
Got this course 'cause i wanted to study the basics of financial statements analysis, And the course does JUST THAT. Before i got this course, I tried to study accounting by myself from books, and let me tell you, this subject can be reeeeally boring and hard to understand at times. In this course on the other hand, You got Norm, who explains everything so interestingly and at times, even funnily :). I can confidently say, that i now understand the basics much better than before. The lessons that interested me the most were "Debt and Equity Financing" And "Financial Statement Analysis". I RECOMMEND THIS COURSE for anyone who wants to learn how to evaluate stocks and how a business works. 5 stars undoubtedly.
Patryk
April 5, 2023
Simply amazing! Clear and easy to understand explanations supported by interesting examples. The lecturer speaks in a very engaging and entertaining way that keeps you motivated to continue.
Wade
January 6, 2023
Yes, this course has been a great match for me. It has provided a thorough breakdown of the basic accounting principles in a way that is digestible for someone like me with no accounting experience.

Charts

Price

Financial Accounting - #1 Ranked University: Course 1 of 5 - Price chart

Rating

Financial Accounting - #1 Ranked University: Course 1 of 5 - Ratings chart

Enrollment distribution

Financial Accounting - #1 Ranked University: Course 1 of 5 - Distribution chart
302562
udemy ID
9/18/2014
course created date
5/29/2019
course indexed date
Bot
course submited by