Dr John's Financial Accounting Course to prepare for the MBA
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Dr John's Financial Accounting Course to prepare for the MBA

You will be prepared to take the Managerial Accounting Course offered in the Masters of Business Administration Program
4.5 (25 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.
1,765 students enrolled
Created by John Mclellan
Last updated 9/2017
English
Price: $50
30-Day Money-Back Guarantee
Includes:
  • 6.5 hours on-demand video
  • 20 Articles
  • 87 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Be able to Articulate a comprehensive understanding of accounting principles that guide measurement, recording, and reporting of financial activities of a business
  • Prepare financial statements for external users and understand how to use these statements in decision making
  • Measure and analyze the reporting of balance sheet and income statement accounts
  • Be able to Evaluate business performance using Ratio Analysis and other quantitative data analytics tools, techniques, and methods
  • Know how to Create a system of internal control for organizations
  • Know that many of the business terms are accounting terms
  • Understanding how the accounting system works will teach you many different business concepts
  • Understanding these business concepts are necessary if you are interested in obtaining your Master of Business Degree.
  • This course provides an overview of business and would be of interest to anyone who wants to know more about business
View Curriculum
Requirements
  • You will need excel
  • The textbook is freely available on the net
Description


This course is designed to prepare you for the  Managerial Accounting  in the Masters of Business Administration program. All business students have to take an introductory financial accounting course for one simple reason - accounting is the language of business. The terms used by business people such as capital, equity, assets, liabilities, revenue, net income etc. are all terms you will become very familiar upon completion of this course.

Here are some comments by students in this course:

"Lecture is clear and concise..... so far so good." Michael Morris

"I have learning and enjoyed step by step method and a lot of practices"  Ahmed M. ElShatawy

"The content is clear and well organised. The topics are very well explained. Your effort is really appreciated professor." Haya Al Dhahari

"After reading various MBA books and being interested in the accounting sections but feeling frustrated when I never seemed to fully understand it. I am less than halfway through this course and things are finally starting to 'click'." Andy Turner

Learn and Master the Financial Accounting Process. Part 1 of this course.

  • Understand that accounting is the language of business.
  • Know business terminology (biz speak).
  • Understand the difference between a corporation and a single proprietorship.
  • Know the three forms of business - service company, merchandise company and a manufacturer.
  • Understand an Income Statement and how to prepare one.
  • Understand a Balance Sheet and how to prepare one.
  • Know how to analyse and record business transactions
  • Learn how to use debits and credits to record business transactions.
  • Know how to use the accounting journal and ledger,
  • Complete a set of accounting records for a service business using excel spreadsheets.

Learn and Master how to Read Financial Statements - Part 2 of this course.

  • Understand how to read the cash flow statement.
  • Learn how to perform horizontal analysis on the Balance Sheet.
  • Learn how to perform Vertical analysis on the Income Statement.
  • Know how to analyse whether a company is liquid..
  • Know how to analyse whether a company is solvent.
  • Know how to analyze a company's profitability.

This course is unique in that it contains an excel project on a set of accounting records



Who is the target audience?
  • This course is designed to prepare you for the Masters of Business Administration program
  • This course provides an overview of business and would be of interest to anyone who wants to know more about business
Students Who Viewed This Course Also Viewed
Curriculum For This Course
108 Lectures
06:17:11
+
How to proceed through this course
2 Lectures 05:09

Introduction to the Games
02:01
+
Module 1 -Accounting the Language of Businesss
1 Lecture 14:42

This lecture introduces terms such as Assets, Liabilities, Capital, Equity. Revenue. Expenses. Income Statement, Retained Earnings and balance sheet.

Preview 14:42
+
Module 1- Resources for this Module
8 Lectures 21:44
Accounting - language of business powerpoints
00:01

Print off the mind map in resources(in color if possible) and use for future reference.

Preview 02:16

Print off the mind map in resources (in color if possible) and use for future reference.

The Father of Accounting
02:31

Business Terms
06:12

Print off the mind map in resources (in color if possible) and use for future reference.

Accounting Terms
01:58

Print off the mind map in resources (in color if possible) and use for future reference.

Accounting terms related to the financial statements
02:16

Test Your Understanding
8 questions

Socrative questions Level A
03:39

Socrative - Level B
02:51
+
Module 1 - Activities to deepen your understanding
5 Lectures 02:18
Game: The Three Forms of Business
01:23

Game: Business Terms
00:52

Game: Statements to be completed
00:00

Game: Module 1 Concepts
00:00

Exercises in excel
00:02
+
Module 2 - Know how to present Financial Statements
1 Lecture 15:37

Introduces you to the Content and Purpose of the three financial statements -

Income Statement, retained earnings Statement and Balance sheet

Lecture - Introduction to Financial Statements
15:37
+
Module 2 - Resources for this module
3 Lectures 15:39
Financial statements
00:00

Classified Balance Sheet
07:16

Ratio Analysis
08:23
+
Module 2 - Activities to deepen your understanding
9 Lectures 06:57
Game: The Income Statement and Retained earnings accounts
00:33

Game: The Balance Sheet accounts
00:22

Game: The financial statements accounts
00:32

Test Your Understanding on Financial Statements - Level A (Knowledge questions)
03:52

Problem set #1 - Financial Statements
00:02

Game: the Classified balance Sheet
00:52

Game: Classified Balance Sheet Hotspot
00:42

Problem set #2 - Classified Balance sheets
00:02

Problem Set #3
00:00
+
Module 3 - Know how to Analyze a Business Transaction
1 Lecture 14:33

Understand business transactions and how to record the effect of each transaction on the balance sheet equation

Lecture on - Understanding Business Transactions and how to record them
14:33
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Module 3 - Resources
1 Lecture 00:00
Understanding business transactions power point slides
00:00
+
Module 3 - Activities to deepen your understanding
4 Lectures 21:00

On April 1, Omera Travel Agency Inc. was established. These transactions were completed during the month.

1. Stockholders invested $30,000 cash in the company in exchange for common stock.

2. Paid $900 cash for April office rent.

3. Purchased office equipment for $3,400 cash.

4. Purchased $200 of advertising in the Al Ain Times on account.

5. Paid $500 cash for office supplies.

6. Earned $12,000 for services provided: Cash of $3,000 is received from customers, and the balance of $9,000 is billed to customers on account.

7. Paid $400 cash dividends.

8. Paid Al Ain Times amount due in transaction (4).

9. Paid employees’ salaries $1,800.

10. Received $9,000 in cash from customers billed previously in transaction (6).

Instructions

Analyze the transactions and their effect on the Accounting Equation – Assets= Liabilities+ Shareholder’s Equity

Showme Problem #1 - Omera Travel
05:12

Jarvis Consulting Inc., on May 1, 2012. The following transactions occurred during the month of May.

May 1 Stockholders invested $15,000 cash in the business in exchange for common stock.

2 Paid $600 for office rent for the month.

3 Purchased $500 of supplies on account.

5 Paid $150 to advertise in the County News.

9 Received $1,400 cash for services provided.

12 Paid $200 cash dividend.

15 Performed $4,200 of services on account.

17 Paid $2,500 for employee salaries.

20 Paid for the supplies purchased on account on May 3.

23 Received a cash payment of $1,200 for services provided on account on May 15.

26 Borrowed $5,000 from the bank on a note payable.

29 Purchased office equipment for $2,000 paying $200 in cash and the balance on account
Showme Problem #2 - Jarvis Consulting
14:30

Test Your Understanding - Level A Questions
00:40

Test Your Understanding - Level B Questions
00:38
25 More Sections
About the Instructor
John Mclellan
4.4 Average rating
150 Reviews
4,910 Students
13 Courses
Accounting Professor

I am a Professor of Accounting with over thirty-five years experience teaching accounting to college students, undergraduate and MBA university students as well as CMA candidates seeking to earn their Professional Certified Management Accountant Designation.

I achieved my Certified Management Accountant Designation 40 years ago. With that I then earned my Masters of Business Administration degree and later a PHD in accounting.

I have developed and will continue to develop a number of courses in both Financial Accounting and Management Accounting for you - a college or university student (or even a secondary student) to help you to achieve the best result in your undergraduate accounting course. If you get an "A" from me I guarantee you will get an "A" from your accounting prof.

For Graduate students, I have a course to prepare those of you who do not have a business degree for the Masters of Business Administration. Also I have a course at the masters level called Managerial Accounting.

For CMA Candidates, I have courses to prepare you to successfully pass their Certified Management Accounting Exams offered by Institute of Management Accountants.


Dr. John