Accounting Made Easy 2

Learn important accounting principles and how to master the most complicated accounting transactions!
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3,594 students enrolled
Instructed by Emily Hyland Business / Finance
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  • Lectures 40
  • Length 3 hours
  • Skill Level Intermediate Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 9/2015 English

Course Description

What is this course?

This course is quick course to make accounting easy and aims to make learning accounting a quick and fun process!

This course is at a intermediate level and aims to teach you how to master posting any accounting transaction.

The lectures are presented in a fun, easy to understand format with quizzes to test your knowledge. You also receive a free downloadable e-book that you can use to refer to as you go through this course.

What do I get from this course?

  1. 40 lectures and over 4 hours of content!
  2. A 36 page e-book to complement this course
  3. Examples to test your knowledge with questions and answers
  4. Understand how to post accounting transactions
  5. Master the most complicated accounting transactions
  6. Operate your own accounting records with confidence and ease!

What are the requirements?

  • Whilst not essential ideally you will have knowlegde of basic accounting principles

What am I going to get from this course?

  • Post accounting transactions
  • Learn about the accounting requirements in the UK
  • Gain confidence in posting more complex accounting transactions
  • Understand the taxation requirements for UK companies

What is the target audience?

  • This course is ideal for people wanting to learn how to manage their own accounting system
  • This course is at an intermediate level so if you are just starting out then have a look at my beginner course

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
01:23

What is this course about? In the introduction you will find out about all the interesting accounting knowledge you will gain and if this course is right for you!

Section 2: Revenue
03:15

An introduction to the meaning of revenue recognition and how this fits in the the key accounting principle, the accruals concept.

02:37

This lecture covers basic revenue recognition examples including cash sales and payment in the future. You will understand when these transactions can be recognised as revenue in the profit and loss account.

04:03

Income in advance is where you receive payment now for a service or good you will deliver in the future. Take this lecture to understand when you can record the transaction as a sale.

02:38

Income incurred is where you have completed the sale but have not raised an invoice. Learn the double entry of this posting and also when you can recognise the sale.

6 pages

These questions will test your knowledge of revenue recognition.

Section 3: Stock
02:20

An introduction to stock. How do you value stock and what is the double entry posting to the accounting system?

05:02

LIFO - "last in, first out". This is a common method of stock valuation. Understand how to calculate the stock value using LIFO and the advantages and disadvantages of using it.

05:37

FIFO - "first in, first out". This is a common method of stock valuation. Understand how to calculate the stock value using FIFO and the advantages and disadvantages of using it.

05:19

Weighted average or "AVCO" is a popular and common method of stock valuation. This lecture will explain how it is calculated and the advantages and disadvantages of using it.

5 pages

Practice questions to test your knowledge of stock valuation methods.

Section 4: Fixed assets
01:59

An introduction to fixed assets. This lecture includes an explanation of what a fixed asset it and what we will cover in this section of the course.

03:48

A reminder on straight line depreciation, how to calculate it and how to post it to the accounting system.

02:36

A reminder on the reducing balance method of depreciation including how to calculate it and post it to the accounting system.

04:52

Understand how to identify an asset addition and learn about the types of costs you are permitted to capitalise.

03:25

Understand the accounting treatment for disposing of an asset where you receive no proveeds.

02:50

This lecture shows you how to post the double entry when you sell an asset for cash proceeds.

6 pages

Some practice questions to test your knowledge on fixed assets.

Section 5: Bank
01:16

An introduction to the bank and why it is important to complete bank reconciliations.

07:03

A walk-through example of how to complete a bank reconciliation including common errors and how to spot them.

Section 6: Debtors
01:45

An introduction to debtors including learning what the definition of a debtor is and where they appear in the accounting system.

02:42

Learn about the concept of bad debts and how they should be treated in the accounts.

03:16

An introduction to the bad debts provision. Learn how to post this journal and also the difference between a bad debt provision and writing off a bad debt.

4 pages

Practice questions to test your knowledge of debtors.

Section 7: Creditors
01:29

A brief reminder on the definition of a trade creditor.

09:00

Understand what a hire purchase agreement is and learn via a walk through example how this is posted in the accounts.

05:22

Learn about the different types of loans, including calculating the interest and capital elements of repayments. Understand how they should be posted in the accounting system.

4 pages

Practice questions testing your knowledge on how to post loans and calculate interest.

Section 8: Payroll
00:59

An introduction to payroll and all of the elements you need to consider when taking on employees.

02:32

Understand the current taxes applicable when operating a payroll system and learn the current rates and thresholds.

04:09

Payroll if commonly posted wrongly in the accounting records. Learn how to post this journal correctly with this walk through example.

03:03

This lecture explains how to propose and pay dividends and also includes a downloadable template.

4 pages

Test your knowledge on payroll.

Section 9: Tax
00:44

As a business there are a few taxes that will have to be paid, this is an introduction to what you will be learning in this section.

07:01

An introduction to corporation tax. Learn how to calculate corporation tax based on your profit figure and post the journal to the accounting system.

06:05

A brief introduction to the concept of deferred tax. Learn what this tax is and how it is calculated and posted to the accounts.

08:15

Gain an understanding of what VAT rates are applied to different purchases and also the various VAT schemes your business can join.

5 pages

Tax questions to help test your knowledge of VAT, corporation tax and deferred tax.

Section 10: Conclusion
36 pages

The course e-book to complement this course!

Conclusion
01:08

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Instructor Biography

Emily Hyland, Chartered accountant and entrepreneur

Emily Hyland is the Director of Bright Horizon Accountancy, which is a cutting edge, cloud based accountancy firm based in Bournemouth.

She is a qualified accountancy with experience in both accountancy practices and also working for companies in industry.

She has a vast breadth of experience working in a variety of industries but specialises in digital creatives and start-up companies.

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