Business Accounting Made Easy
3.5 (5 ratings)
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Business Accounting Made Easy

You can deal with basic and complicated accounting issues after you have studied this course.
3.5 (5 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.
1,168 students enrolled
Created by Steve Chan
Last updated 9/2015
English
Current price: $10 Original price: $50 Discount: 80% off
4 days left at this price!
30-Day Money-Back Guarantee
Includes:
  • 4 hours on-demand video
  • 5 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Basis of accounting (Debit&Credit)
  • How to prepare financial statements? (6 Steps Accounting Cycle)
  • Prepare financial statements with incomplete records
  • Bank Reconciliations
  • Correction of errors
  • Accounting for Shares
  • Accounting for loan notes
  • Accounting for sales tax and corporation income taxation
  • Accounting for Irrecoverable Debts
  • Accounting for Accruals and Prepayments
View Curriculum
Requirements
  • Students should download and print our course note out before watching the lectures
Description

Welcome to "Accounting Level 1" Course.

This course is suitable to students who are studying their professional qualification exams such as ACCA, CIMA, AAT, ACA, CPA etc.

Also it's suitable to those who are new to accounting and junior accountants.

We have used the hands on approach to teach accounting step by step and we have trained more than 5000 students from all around the world to become a qualified accountant.

Hope you will enjoy the lectures!

Who is the target audience?
  • This course is suitable to junior accountants or any students who are new to accounting.
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Curriculum For This Course
26 Lectures
05:28:35
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Introduction to Accounting
6 Lectures 51:30

You will need to download the study note below and also have 30 blank pages in order to copy the handout together with tutor and also do exercises together with tutor.

Preview 03:18

Study Note Download(Printable)
59 pages

In this session, we will be discussing management accounting as well as financial accounting.

Preview 08:03

In this session, we will be looking at basic accounting equation with practical examples to record business transactions.

How to do the double entry [Part 1]
15:23

In this session, we will continue with the previous session to finish off the rest of the business transactions.

How to do the double entry [Part 2]
18:38

In this session, we will continue with the previous session to finish off the rest of the business transactions.

How to do the double entry [Part 3]
06:08
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Double Bookkeeping (Accounting Cycle)
3 Lectures 22:21

In this session, we will be introducing how we do double entry in the real life by applying the SIX steps approach.

Double Bookkeeping [Part1]
15:29

In this session, we will continue with the previous session.
Double Bookkeeping [Part2]
06:52

Double bookkeeping self reading note
10 pages
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Analysis of Financial Statements
3 Lectures 33:50

After we have looked at how to do the double bookkeeping, we will now learn how to analyse the full sets of financial statements. To start with, Statement of profit or loss and other comprehensive income (We are following the IFRS(International financial reporting standards) Format and surely this would be also similar to the US GAAP as well).

Analysis of statement of profit or loss
12:01

After we have looked at how to analyse the statement of profit or loss and other comprehensive income above, we will now learn how to analyse the statement of financial position (We are following the IFRS(International financial reporting standards) Format and surely this would be also similar to the US GAAP as well).

Analysis of statement of financial position
17:05

After we have looked at how to analyse the statement of financial position above, we will now learn how to analyse the statement of changes in equity (We are following the IFRS(International financial reporting standards) Format and surely this would be also similar to the US GAAP as well).

Analysis of statement of changes in equity
04:44
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Incomplete Records
1 Lecture 11:23

In the real life, there might be missing records such as the invoice may be missing etc. So how to prepare the financial statements correctly if the accounting records are incomplete? Let's start with this session together.

Prepare Financial Statements with Incomplete Records
11:23
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Bank Reconciliation
2 Lectures 21:51

In this session, we will be looking at the Bank Reconciliation Statement. This is very important particularly for those junior accountants. Surely if you are senior accountant, why not recap this topic before you progress to higher level of accounting study? Let's rock and roll now.

Bank Reconciliation Theory
08:40

Continuing with the previous session, we will be looking at the practical example of how to do the bank reconciliation statement. This is interesting and just follow our pace with step by step iollustration.

Bank Reconciliation with Practical Example
13:11
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Accounting Errors
3 Lectures 28:24

Everyone makes mistakes. So if there are some accounting errors exist, how to deal with them? In this session, we will start by focusing on the situation where DR=CR in the trial balance and how the accounting errors would take place and how we can deal with them correctly.

Accounting Error Correction Part1
12:18

Continuing with the previous session and in this session, we will be focusing on the situation where DR does not equal to CR side in the trial balance and how the accounting errors would take place and how we can deal with them correctly.

Accounting Error Correction Part2
16:06

Accounting errors correction extra exercises
6 pages
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Capital Structure
3 Lectures 21:41

We know that from the right hand side of the accounting equation, this is the financial decision made by the company, ie, raising finance either by debt or equity. We will be focusing on Equity finance in this session by focusing on the accounting journals relating to share issue, ie, issue shares at the market value, above market value, bonus issue and right issue of shares, Also we will be looking at the accounting journals relating to preference shares as well.

Capital Structure [Shares]
18:35

This is the second part of the capital structure of the organization. If company decides to issue traded loan note in the open market, then the company should be a public listed company onto the recognised stock exchange. So we will be focusing on how to do the double entry relating to the issue of loan note in this session.

Capital Structure [Loan Note]
03:06

Extra exercises for Share issue
6 pages
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Tax
2 Lectures 26:25

In this session, we will be focusing on how to deal with sales tax in the real life. We will be starting to focus on the theory relating to value added tax, then we will work through a practical example relating to this as well. Hope you enjoy this lecture.

Sales Tax [Value Added Tax (VAT) ]
16:47

In this session, we will be focusing on corporation income tax and how we can deal with it correctly.


Accounting for Corporation Tax
09:38
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Irrecoverable Debt
2 Lectures 16:03

In the real life, it's not always that the customers would pay for you money. In some situations, customers would refuse to pay for you money. If this is the case, then to the business, this is the bad debt(irrecoverable debt). So in this session,we will be focusing on the accounting treatment relating to irrecoverable debt; allowance for doubtful debt; recovery of irrecoverable debt or doubtful debt as well.

Irrecoverable Debt Accounting Treatment
16:03

Irrecoverable debt exercises
3 pages
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Accruals and Prepayments
1 Lecture 11:07

When we are preparing for the financial statements,we are following the ACCRUALS basis rather than cash basis. Also when we are using some services such as mobile phone service, gas bills etc, we need to do the accounting adustment such as accrual liability as at the year end. Also when we use the insurance service as well, as at the year end, we need to do the adjustment relating to prepayment. So in this sesion, we will be focusing on those concepts with practical examples and hope you will enjoy it.

Accruals and Prepayment
11:07
About the Instructor
Steve Chan
3.5 Average rating
5 Reviews
1,168 Students
1 Course
ACCA, CIMA Qualified Accountant

This is Steve and I began my career as an auditor and now I work as a finance director in a HK company, and also dedicates myself to education.

I am a member of ACCA(Association of Chartered Certified Accountant) and CIMA(Chartered Institute of Management Accountant), I bring my specialized knowledge in accounting, auditing and financial management.

I have trained more than 5000 students from all around the world to pass their qualification exam. I also train real life accountants as well as auditors.

I have a comprehensive understanding of how the business world works, and in my classes I use lots of real life examples to help students prepare to work in similar situations.