Accounting: From Beginner to Advanced!
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Accounting: From Beginner to Advanced!

Fast and easy Accounting. Experience the "Aha!" moment in Accounting. Easy to understand. Apply what you learn.
4.6 (33 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.
543 students enrolled
Last updated 3/2017
English
Current price: $10 Original price: $200 Discount: 95% off
1 day left at this price!
30-Day Money-Back Guarantee
Includes:
  • 4 hours on-demand video
  • 20 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What Will I Learn?
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
View Curriculum
Requirements
  • Speakers
Description
  • Over 2,200 students enrolled in my courses. (Updated as of February 2017)
  • See why and how my videos helped over 140,000 students
  • Learn everything about Financial Accounting few 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.

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 just few hours. Enroll!

Who is the target audience?
  • Business Owners
  • Students
  • Businesses
  • Accountants
  • Bookkeepers
  • Exam Takers
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Curriculum For This Course
Expand All 84 Lectures Collapse All 84 Lectures 05:27:24
+
Introduction to the Course
1 Lecture 02:29

Important advice about how to successfully complete the course.

Preview 02:29
+
Accounting Principles and Fundamentals
9 Lectures 26:30

What we are going to learn in this section.

Section 2 - Introduction
00:33

Learn why Accounting is called the language of business.

Preview 03:38

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

Financial Statements and Principles
02:05

Explained is the accounting equation.

Accounting equation - All of accounting comes to this
01:25

Learn the elements of the accounting equation in detail. Apply what you learned immediately.

Preview 10:06

Learn how to prepare the basic financial statements.

Preview 05:10

Let's solve problems together!

Business Transactions - Effects on Accounting Equation
03:33

Principles - Improve your understanding
10 questions

Exercises to apply your knowledge independently.

Exercises
2 pages

Solutions to the previous exercises. Check your answers.

Solutions to Exercises
4 pages
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Accounting During the Year
7 Lectures 20:51

What we are going to learn in this section.

Section 3 Introduction
00:27

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
03:16

Learn even more about debits and credits.

Debits and Credits - Visually Explained
08:21

Let's solve problems together!

Debits and Credits - Problem Solving Part 1
03:35

Let's solve problems together!

Debits and Credits - Problem Solving Part 2
05:12

Debits and Credits
10 questions

Exercises to apply your knowledge independently.

Exercises
2 pages

Check your answers from the previous exercises.

Solutions to Exercises
3 pages
+
Accounting at Year-End
9 Lectures 22:51

What we are going to learn in this section.

Section 4 Introduction
00:27

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

What you need to do at the end of the year
05:27

Prepaid expenses - explained through a practical application.

Prepaid Expenses - Did you pay, but didn't use it yet?
03:03

Unearned revenue - explained through a practical application.

Unearned Revenue - Were you paid, but did not sell anything?
02:52

Accrued expenses - explained through a practical application.

Accrued Expenses - You owe, but haven't paid yet
04:38

Accrued revenues - explained through a practical application.

Accrued Revenues - You earned, but haven't been paid
01:38

This is the entire accounting cycle - from identifying a transaction to closing the accounts.

The Accounting Cycle - Complete
04:46

Exercises to apply your knowledge independently.

Exercises
2 pages

Check your answers from the previous exercises.

Solutions to Exercises
3 pages
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Keeping Cash and Bank Reconciliation - A Must Know!
6 Lectures 15:37

What we are going to learn in this section.

Section 5 Introduction
00:28

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.

Internal Control and Bank Reconciliation - A must!
04:24

A general presentation about internal controls and cash management.

Internal Control and Cash Management Concepts - Visual Presentation
07:06

How to establish, reimburse (replenish), and increase/decrease a petty cash fund.

Petty Cash Fund
03:39

Exercises to apply your knowledge independently.

Exercises
1 page

Check your answers from the previous exercises.

Solutions to Exercises
1 page
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Accounts Receivable - Collections - Not Everyone Pays
7 Lectures 16:57

What we are going to learn in this section.

Section 6 Introduction
00:29

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.

Accounts Receivable - Collections - Not everyone pays
05:22

Apply the direct write-off method.

Direct Write-Off Method (Bad Debts)
04:11

Apply the allowance method - when the estimate is based on sales.

Allowance Method - Percentage of Sales (Bad Debts)
03:05

Apply the allowance method - when the estimate is based on receivables.

Allowance Method - Aging Receivables (Bad Debts)
03:50

Exercises to apply your knowledge independently.

Exercises
1 page

Check your answers from the previous exercises.

Solutions to Exercises
3 pages
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Accounting for Merchandising Businesses
3 Lectures 16:03

What we are going to learn in this section.

Section 7 Introduction
00:22

Learn the specifics of merchandising businesses.

Accounting for Merchandising Businesses
10:19

Accounting practice - specific to merchandising (retail) businesses.

Merchandising Operations - Comprehensive Problem
05:22
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Tracking Inventory - More competitive, save on taxes
7 Lectures 25:34

What we are going to learn in this section.

Section 8 Introduction
00:20

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.

Preview 04:47

Apply the FIFO method for inventory.

FIFO Method (Perpetual Inventory)
07:51

Apply the LIFO method for inventory.

LIFO Method (Perpetual Inventory)
06:26

Apply the weighted-average cost method for inventory.

Average Cost Method Method (Perpetual Inventory) Moving Average
06:10

Exercises to apply your knowledge independently.

Exercises
1 page

Check your answers from the previous exercises.

Solutions to Exercises
2 pages
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Fixed Assets and Depreciation - Get it right!
5 Lectures 12:08

What we are going to learn in this section.

Section 9 Introduction
00:22

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)

Plant (fixed) Assets and Depreciation
04:31

Apply all 3 methods (straight-line; double declining balance; units-of-production) practically. 

Depreciation - Problem Solving (All Methods)
07:15

Exercises to apply your knowledge independently.

Exercises
1 page

Check your answers from the previous exercises.

Solutions to Exercises
2 pages
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Investments and Time Value of Money
8 Lectures 18:02

What we are going to learn in this section.

Section 10 Introduction
00:25

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.

Investments and Time Value of Money
03:29

Learn how to account for trading investments.

Trading Investments
03:27

Learn more about the fair-value adjustment.

Fair Value Adjustment
02:58

Learn more about the held-to-maturity investments.

Held-to-maturity Investments
03:55

Learn how to apply the equity method.

Equity Method
03:48

Exercises to apply your knowledge independently.

Exercises
1 page

Check your answers from the previous exercises.

Solutions to Exercises
2 pages
5 More Sections
About the Instructor
Professor Stefan Ignatovski
4.4 Average rating
131 Reviews
3,418 Students
8 Courses
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. Visit the twitter profile for interesting updates.

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