Accounting Decoded
4.8 (40 ratings)
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Accounting Decoded

Turn Intimidation into Mastery
4.8 (40 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
3,332 students enrolled
Created by Dr Julie Bonner
Last updated 3/2016
English
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Current price: $10 Original price: $40 Discount: 75% off
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Includes:
  • 2 hours on-demand video
  • 1 Article
  • 27 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Identify problems with accounts at a glance
  • Apply debits and credits to financial events with confidence
  • Apply logic of accounting to solve business problems
  • Apply practical knowledge that gives an edge to your resume
  • Be able to direct your accountant of your business
View Curriculum
Requirements
  • Be open to allowing yourself to mastering the content
  • No other pre-knowledge is required
Description

Many people suffer from being intimidated by the subject of accounting. This can lead to several challenges, such as, a person could miss out on a promotional opportunity, or a person can decide not to start a business, or an entrepreneur can leave all the accounting to the accountant and not know when the accountant is robbing you blind. Through this course, you will unlock the mysteries of accounting so that you can get that promotion, open that business, and keep an eagle eye on your accountant!

You will learn through:

  1. video and audio lectures,
  2. practical exercises that you can practice over and over,
  3. and you will learn through the eyes of a fictitious small business.

You will learn exactly what debits and credits do, you will learn to find errors at a high level (even though you may still have an accountant fix the problem), and you will have the foundation to build further accounting knowledge that differentiates you from the crowd.

I have proven methods to help you learn this subject easily, all you need is the openness to believe you can actually learn this important part of the business world.

Who is the target audience?
  • Business Professionals looking to find leverage for their career
  • Experienced or beginning entreprenuers
  • Beginning accounting students
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Curriculum For This Course
Expand All 27 Lectures Collapse All 27 Lectures 02:02:02
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Foundation
6 Lectures 26:48

In this video, you will learn the three key elements that are essential to learning accounting. It is important to understand what differentiates my approach to teaching this subject.

Preview 04:38

This lecture goes through the difference between cash accounting and accrual accounting. Even if you qualify as being a company that can choose how you account for your business, accrual accounting is the more complete picture of your financial health. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Cash Accounting versus Accrual Accounting
03:46

This video explains the basic logic of how to handle debits and credits. It is the foundation and conceptual framework for how we will go through various types of business financial transactions. Download the three PDF files associated with this video so you have them ready to use! Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only". Important: If you cannot print the documents, have them open, plus, you can also explore the ability to "highlight" within the PDF documents, depending on your version of Adobe, you have the option of highlighting electronically

Preview 07:22

I describe company financial information and I am showing you where I find this information. You can follow along with this and practice it on your own for companies you are interested in - this is not a requirement to complete the course, but it is a good idea for you to know you can find this information yourself should you choose to look for this information!

Where to find Financial Information on Companies
01:44

This video explains how a person can mine a database for accounting and financial information based on an account string format. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

General Ledger Account Structures
06:05

If you do not have the ability to print the PDF files, this video shows you how you can electronically highlight information.

How to Electronically Highlight in PDF Files
03:13
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Income Statement
4 Lectures 20:35

This video explains the general structure of an income statement (or profit and loss statement). Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Preview 04:34

This video talks through an overview of Revenue. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Revenue
06:47

This video goes into detail about the Cost of Goods Sold line on the income statement. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Cost of Goods Sold
05:33

This video explains the difference between Cost of Goods Sold and the Selling and General Administrative Expenses of a company. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Selling and General Administrative Expense
03:41
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Balance Sheet
10 Lectures 43:34

You will learn the basic format of a balance sheet. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Preview 06:02

Cash is an important asset and usually has a high transaction volume. It is important to know how cash is generated and used within an organization. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Cash Accounts
04:29

This video explains inventory as well as how inventory and revenue transactions go hand in hand. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Inventory
07:38

Accounts Receivable is the promise of your customers to pay you and staying on top of this account is crucial to your success. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Accounts Receivable
03:18

This video explains why you might prepay expenses and how to handle that on your books. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Prepaid Expenses
03:50

How you handle your assets of your business requires understnading of the acquisition of those assets and how to depreciate the assets over time. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Property, Plant and Equipment
06:10

Accounts Payable represents what you owe to your suppliers/creditors. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Accounts Payable
04:18

If you offer gift certificates for your services or products, this video teaches you how the accounting needs to be handled. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Unearned Revenue
02:42

Over time, the goal is for your for profit business to earn a net profit, consistently. All of your net profits/losses eventually move to the balance sheet as retained earnings at the end of an accounting period. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Retained Earnings
02:28

Companies that are publicly traded issue common stock. If you are a small business, you will not be transacting common stock. However, this is a way that a publicly traded company can generate cash for the business. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Common Stock
02:39
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Creating Financial Statements
5 Lectures 24:49

How do the journal entries get ot the trial balance? We will use a visual tool, called a T-Account, to show how this works!

Financial Statements Series 1-From Journal Entries - T-Accounts - Trial Balance
08:29

Learn how to take trial balance information and create an income statement

Financial Statements Series 2-From Trial Balance to Income Statement
02:54

Learn how to prepare closing entries, create an adjusted trial balance, and create the balance sheet

Financial Statements Series 3-From Trial Balance to Balance Sheet
07:00

Learn to create a Retained Earnings Statement and a Changes in Equity Report

Financial Statements Series 4-Retained Earnings and Changes to Equity
02:17

Learn how to create a cash flow statement

Financial Statements Series 5-Cash Flow Statement
04:09
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Bring it all Together
2 Lectures 06:17

This video shows you how you can keep an eye on your accountant and to make sure that you are using the logic of debits and credits to find possible issues in your business. Included is the PowerPoint in the downloadable resources, if you want to print it for notes. It is password protected and you will have to click open as "read-only"

Trial Balance
05:32

Test your Knowledge
10 questions

BONUS!
00:45
About the Instructor
Dr Julie Bonner
4.8 Average rating
40 Reviews
3,332 Students
1 Course
Applied Knowledge is True Power

Julie Bonner has worked in information technology and accounting for over 20 years. Julie has a very practical approach to teaching subjects that can be challenging - by breaking them down into manageable pieces of information and in a logical flow. Students love her style! Julie teaches at Central Washington University and University of Phoenix, teaching the subjects that tend to be challenging but she loves to break the subjects down to practical application.