Accounting Made Easy 2
4.6 (8 ratings)
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Accounting Made Easy 2

Learn important accounting principles and how to master the most complicated accounting transactions!
4.6 (8 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.
4,064 students enrolled
Created by Emily Cheshire
Last updated 1/2016
Current price: Free Original price: $50 Discount: 100% off
30-Day Money-Back Guarantee
  • 2 hours on-demand video
  • 9 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • 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
View Curriculum
  • Whilst not essential ideally you will have knowlegde of basic accounting principles

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!
Who 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
Curriculum For This Course
40 Lectures
1 Lecture 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!

5 Lectures 12:33

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

Revenue Recognition

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.

Preview 02:37

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.

Income in Advance (Deferred Revenue)

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.

Income Incurred (Accrued Revenue)

These questions will test your knowledge of revenue recognition.

Revenue Recognition Practice Questions
6 pages
5 Lectures 18:18

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

Stock Introduction

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.

LIFO Method

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.

FIFO Method

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.

Weighted Average

Practice questions to test your knowledge of stock valuation methods.

Stock Practice Questions
5 pages
Fixed assets
7 Lectures 19:30

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.

Fixed Assets Introduction

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

Straight Line Depreciation

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

Reducing Balance Depreciation

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

Asset Additions

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

Asset Disposals

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

Profit Or Loss On Sale Of Assets

Some practice questions to test your knowledge on fixed assets.

Fixed Assets Practice Questions
6 pages
2 Lectures 08:19

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

Bank Introduction

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

Bank Reconciliations
4 Lectures 07:43

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

Debtors Introduction

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

Preview 02:42

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.

Bad Debts Provision

Practice questions to test your knowledge of debtors.

Debtors Practice Questions
4 pages
4 Lectures 15:51

A brief reminder on the definition of a trade creditor.

Creditors Introduction

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

Hire Purchase Agreements

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.

Preview 05:22

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

Creditors Practice Questions
4 pages
5 Lectures 10:43

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

Payroll Introduction

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

Payroll Taxes

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

Accounting For Payroll

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


Test your knowledge on payroll.

Payroll Practice Questions
4 pages
5 Lectures 22:05

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.

Tax Introduction

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

Corporation Tax

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

Deferred Tax

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


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

Tax Practice Questions
5 pages
2 Lectures 01:08

The course e-book to complement this course!

Course E-Boook
36 pages

About the Instructor
Emily Cheshire
4.4 Average rating
142 Reviews
8,490 Students
4 Courses
Chartered accountant and entrepreneur

Emily is a chartered accountant who has ran successful accountancy practices.  She is a cloud accounting expert.

Emily is currently a self-employed financial consultant and management accountant.

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