Financial Accounting: Easily ace the course!

Experience the "Aha!" moment. Easy explanations to learn at your own pace. Gain skills that you will be able to apply.
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  • Lectures 58
  • Length 4.5 hours
  • Skill Level All Levels
  • 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 12/2013 English

Course Description

~~~Over 1,450 students enrolled in my courses.~~~ (Updated as of December 2016)

~~~See why and how my videos helped over 110,000 students---

~~~Learn everything about Financial Accounting in 3 hours.~~~

If for any reason you are not satisfied, get your money back. No Questions Asked.

Get into accounting by learning these skills. Once you are done with this course, you will be able to update your resume and begin applying for accounting jobs.

  • Every Business Needs Accounting. Coast to Coast.
  • Median Pay for Accountants is over $65,000 (according to Bureau of Labor Statistics)
  • Many, many, many opportunities by having these skills.
  • Accounting knowledge significantly improves the chances of becoming a CEO.


I believe that you should not fall asleep when learning something new. You need to be encouraged and excited instead. In order to be excited about learning, you need to understand easily. I have implemented a new way of teaching. Animated videos which are easy to understand. Problem solving videos that teach you how to apply what you have learned. Learning has never been so exciting.

  • Feel the "Aha" Moment.
  • See why some of my videos are the most popular on YouTube.
  • Many university Professors are using my videos for their students.
  • You will get access to cartoon-like videos, all less than 5 minutes.
  • I received many offers to sell my videos, but that will simply not happen.


This course will teach you the basics and fundamentals in Accounting in a FUN way! I Guarantee, you will not fall asleep. If you do, get your money back. No questions asked.

Included are additional problems and exercises and the appropriate explanations as well.

Compare this entire course with an entire semester. You will be able to grasp all the concepts in financial accounting in less than 3 hours. Let's roll! Enroll!

What are the requirements?

  • Speakers

What am I going to get from this course?

  • Learn how to prepare financial statements
  • Learn and identify specific items on the Financial Statements (Income Statement, Statement of Retained Earnings, Balance Sheet)
  • Learn how to analyze business transactions
  • Learn about Debits and Credits
  • Must-Know Accounting Regulations
  • Learn about the Accounting Cycle
  • Learn how to prepare the Trial Balance (and Adjusted Trial Balance)
  • Learn about accounting for Accounts Receivable
  • Learn about accounts that cannot be collected
  • Learn how to prepare a Bank Reconciliation (Must Know Item!)
  • Learn how to track inventories (FIFO, LIFO, Average Cost)
  • Learn the process of depreciation, amortization and disposal of assets
  • Learn about short-term and long-term investments
  • Learn everything about bonds
  • Learn how to analyze Financial Statements with the use of Ratios

What is the target audience?

  • Everyone who strives to improve
  • Business Owners
  • Students
  • Adults
  • Businesses
  • Accountants
  • Bookkeepers
  • Exam Takers

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: Accounting Principles and Fundamentals
02:05

Purpose of accounting, 4 Financial Statements required by GAAP, 4 accounting assumptions, principles and concepts.

01:25

Explained is the account equation.

Accounting Equation - Further Explanation
08:26
Business Transactions - Effects on Accounting Equation
03:33
Financial Statements Relationship
03:32
Principles - Improve your understanding
10 questions
Exercises
2 pages
Solutions to Exercises
4 pages
Section 2: Accounting During the Year
03:16

This lecture provides you with the knowledge of the most fundamental accounting concept: double entry accounting. You will see what debits and credits are and how are used.

Debits and Credits - Problem Solving Part 1
03:35
Debits and Credits - Problem Solving Part 2
05:12
Debits and Credits
10 questions
Exercises
2 pages
Solutions to Exercises
3 pages
Section 3: Accounting at Year-End
05:27

Another very important concept in accounting. Cash vs. accrual basis accounting. Learn how to use accounting as required by law.

Prepaid Expenses - Did you pay, but didn't use it yet?
03:03
Unearned Revenue - Were you paid, but did not sell anything?
02:52
Accrued Expenses - You owe, but haven't paid yet
04:38
Accrued Revenues - You earned, but haven't been paid
Preview
01:38
The Accounting Cycle - Complete
Preview
04:46
Exercises
2 pages
Solutions to Exercises
3 pages
Section 4: Keeping Cash and Bank Reconciliation - A Must Know!
04:24

This lecture will provide you with the knowledge of the effectiveness of internal control. It will introduce cash as the most perpetrated asset and will explain the concept of bank reconciliation.

Exercises
1 page
Solutions to Exercises
1 page
Section 5: Accounts Receivable - Collections - Not Everyone Pays
05:22

In this lecture you will learn about uncollectible accounts and how to account for them. Namely, you will learn about the Direct Write Off Method and the Allowance Method.This lecture will provide examples of receivables.

Direct Write-Off Method (Bad Debts)
04:11
Allowance Method - Percentage of Sales (Bad Debts)
03:05
Allowance Method - Aging Receivables (Bad Debts)
03:50
Exercises
1 page
Solutions to Exercises
3 pages
Section 6: Tracking Inventory - More competitive, save on taxes
04:47

In this lecture you will learn about the concepts in merchandising businesses and tracking of inventory. I particular, you will be trained to account for inventory using various methods, including: FIFO, LIFO and the Average Cost Method.

FIFO Method (Perpetual Inventory)
07:51
LIFO Method (Perpetual Inventory)
06:26
Average Cost Method Method (Perpetual Inventory) Moving Average
06:10
Exercises
1 page
Solutions to Exercises
2 pages
Section 7: Fixed Assets and Depreciation - Get it right!
04:31

Section 7 and this lecture introduce you to the accounting for plant assets and intangibles. It provides you with some examples and later explains how you should account for them. In addition, the concept of Depreciation is introduced and 3 specific methods are explained. (Straight Line, Units of Production, and Double Declining Balance Method)

Exercises
1 page
Solutions to Exercises
2 pages
Section 8: Investments and Time Value of Money
03:29

This lecture will introduce you to long-term investments and will teach you about the Equity Method and Consolidated Financial Statements. At the end of this lecture you will find the most valubale lesson in the business world: the Time Value of Money.

Trading Investments
03:27
Fair Value Adjustment
02:58
Held-to-maturity Investments
03:55
Equity Method
03:48
Exercises
1 page
Solutions to Exercises
2 pages
Section 9: Accounts Payable and Bonds
04:05

Bonds, the issue, the accounting and the sale of bonds is explained. Also, the basic concepts on bonds are covered. Simply put, everything about bonds, made easy.

Notes Payable
02:53
Mortgage Payable
Preview
04:52
Issuing Bonds
05:22
Bonds (Interest Amortization)
05:43
Section 10: Equity - Stocks
03:05

In this lecture you will be introduced with different types of stock and their basic rights. In addition, you will learn how distinguish between different types of stock. The accounting for issuing, maintaining and selling stock is explained.

Cash Dividends
05:17
Stock Split
04:24
Time Value of Money
04:54
Section 11: Statements of Cash Flows
Preparing the Statement of Cash Flows
19:05
Section 12: Financial Statements & Analysis
3 pages

This lecture introduces you to Financial Statements and shows you the format and most common elements.

Statement of Cash Flows
41 pages
1 page

Financial ratios you will need when analyzing a company.

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Instructor Biography

Professor Stefan Ignatovski, Entrepreneur, Investor, Professor

An Accounting Professor, Investor and Entrepreneur who teaches at multiple colleges in the US, including University of Washington. Stefan has also established multiple companies and invested in multiple start-up companies. Additionally, he is the author of the book "What College Didn't Teach You!". His area of expertise is concentrated in Accounting Forensics, which focuses on financial fraud, creative accounting, and anti-money laundering.

In every course Stefan makes, you will find the difference in teaching. He has his own way of creating interesting videos (less than 5 minutes, of course!) in which you will find everything you need to know about a specific topic. The DIFFERENCE is that his videos are fun to watch and will give you the desired "Aha!" moment. You will never forget the information, since each one is very descriptive.

Stefan's classes are very dynamic and make you eager to learn!

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