The Primary Accounting Equation and Financial Statements
0.0 (0 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.
0 students enrolled
Wishlisted Wishlist

Please confirm that you want to add The Primary Accounting Equation and Financial Statements to your Wishlist.

Add to Wishlist

The Primary Accounting Equation and Financial Statements

This course explores the accounting equation that stands at the core of double entry accounting.
New
0.0 (0 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.
0 students enrolled
Last updated 7/2017
English
Current price: $12 Original price: $50 Discount: 76% off
3 days left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • 2 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion

Training 5 or more people?

Get your team access to Udemy's top 2,000 courses anytime, anywhere.

Try Udemy for Business
What Will I Learn?
  • Identify the elements of the primary accounting equation, including defining assets, liabilities and shareholders equity.
  • Recognize various transactions and their impact on the accounting equation.
  • Discover how to prepare 3 of the 4 primary financial statements (income statement, statement of retained earnings, balance sheet).
View Curriculum
Requirements
  • No advanced preparation or prerequisites are required for this course.
Description

In this course, the accounting equation that stands at the core of double entry accounting, that Assets = Liabilities + Shareholder Equity, is presented along with exercises to practice using it to categorize transactions.  Also, an introduction to the basic financial statements, the income statement, the balance sheet and the cash flow statement, provides context to the accounting equation.  Retained earnings is explained in simple, straight-forward terms, which will help the student with closing journal entries when presented in a subsequent course.

Who is the target audience?
  • Anyone interested in finance, accounting or related fields.
Compare to Other Accounting Courses
Curriculum For This Course
9 Lectures
02:05:56
+
Introduction
7 Lectures 02:05:54

Core Accounting Principles
13:13


Totaling Transactions
07:23

Exploring Financial Statements
07:43

Preparing Financial Statements
13:05

The Accounting Equation and Financial Statements Continuous Play
01:02:56
+
Supporting Materials
2 Lectures 00:01
Notes Template
00:00

Work Book Including Glossary
00:01
+
Review and Test
0 Lectures 00:00
Review Questions
3 questions

FINAL EXAM
5 questions
About the Instructor
Illumeo Learning
4.4 Average rating
326 Reviews
1,398 Students
242 Courses
Condensed and Efficient Courses for Busy Professionals

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Erik Slayter (Illumeo)
4.2 Average rating
14 Reviews
50 Students
11 Courses

Erik is currently an Accounting Professor at California Polytechnic State University in San Luis Obispo. Formerly, Mr. Slayter served as Division Controller for the San Luis Obispo County division of Waste Connections, Inc. (NYSE: WCN). Prior to Mr. Slayter’s work for Waste Connections, he was Controller and MIS Director for Waller Genetics, a leading horticultural research company based in Santa Barbara County, California. Mr. Slayter’s M.B.A. and degree in Accounting were both earned from California Polytechnic State University in San Luis Obispo. Mr. Slayter holds an active Certified Public Accountant license from the State of California. Mr. Slayter serves as founder and President of CCSoccer Corp., a non-profit recreational, adult soccer league. 

Experience

Professor : Cal Poly San Luis Obispo - [2003-01 to Current]

District Controller : Waste Connections - [2002-10 to 2008-09]

Controller : Waller Genetics - [1997-10 to 2001-09]

Accountant : Shilling & Kenyon Accountants - [1993-10 to 1997-10]

Accountant : KPMG - [1992-06 to 1993-10] 

Education

MBA, Business : California Polytechnic State University-San Luis Obispo - [2006 to 2008]

BS, Accounting : California Polytechnic State University-San Luis Obispo - [1988 to 1992]