Learn Accounting Debits & Credits, Succeed on the CPA exam!

The Accounting Cycle presented so you can learn to set up accounting in your business or understand it for the CPA exam!
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  • Lectures 10
  • Length 2 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 3/2015 English

Course Description

In this course you will learn the accounting cycle! You will get video lectures of the material, a PowerPoint presentation, a walkthrough of the lecture notes, a 20 question quiz, and you will see videos of me working example homework problems. You will learn everything you NEED TO KNOW to set up an accounting system in your business or an understanding of the accounting system for your university level course or the Certified Public Accountant examination.

The material presented covers the Accounting Equation, Accounts, the use of T-accounts, recording transactions into the General Journal, posting to the general ledger, posting adjusting journal entries, and building the financial statements. This is the backbone of accounting. IN ADDITION, I will show you video of me recording transaction in Excel and QUICKBOOKS. QuickBooks is a software platform that computerizes the accounting cycle.

You will also learn the theory and concepts that build the accounting cycle so that you will understand what you are doing! There are plenty of good people that work in accounting that don't understand the theory behind their jobs, you will!

This course is designed so that you can refer back to it and pick out the data that is relevant to you! In particular, accounting students will find this class especially useful as an on-demand tutoring session!

What are the requirements?

  • There is no software or materials that you need for this course. No advanced preparation is needed.

What am I going to get from this course?

  • Understand the components of an accounting system
  • Know the major steps in the accounting cycle
  • Prepare journal entries in the general journal
  • Post to the general ledger and prepare a trial balance
  • Prepare adjusting entries
  • Prepare the financial statements
  • Prepare closing entries
  • Complete a worksheet (spreadsheet)
  • Convert cash-basis financial statements to accrual-basis

Who is the target audience?

  • You should take this course if you ever wondered how accounting works, what debits and credits are, how to post journal entries, how to use Quickbooks, and how to generate the financial statements.

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.


Section 1: The Accounting Cycle

This intro video will tell you about all the benefits of taking this course. You will get an introduction to Quickbooks, accounting problems worked out in Excel, a practice quiz, downloadable materials such as lecture notes and a powerpoint presentation.


This is an introduction to the accounting cycle and course objectives.

7 pages

Here, I have provided lecture notes for you to read to understand every aspect of the accounting cycle with an emphasis on what you need to know in this course.

31 pages

This is a powerpoint presentation of the material for the accounting cycle. Learn the basics of how to post journal entries to the general journal, understand debits and credits, and generate the financial statements.


In this video, I explain the accounting equation and how debits and credits work.

20 questions

This quiz covers the accounting cycle. If you are a university accounting student or studying for the Certified Public Accountant exam, you might see this questions again!


This is an example of posting transactions to the general journal. The general journal is a straight listing of journal entries by date. The general ledger is shows the same information, but lists the transactions by account.


This is an example of a problem showing accounts with beginning balances and a list of transactions. I show you how to post the journal entries and post to the accounts, then update the account balances for the transactions.


In this example, I show you how to post adjusting entries and build the financial statements using Excel.


In these examples, I show you how to convert between the cash and the accrual methods. This understanding is very important for creating the Statement of Cash Flows.


This is an introduction to Quickbooks Online, I show you how to book journal entries, generate reports and build the financial statements using Quickbooks.

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Instructor Biography

Prof. Kenneth "Cliff" Hendren, Certified Public Accountant

I am a Certified Public Accountant in the State of Tennessee, license number 17333. My Masters of Business Administration degree is from the University of Tennessee at Chattanooga, awarded in 2000. My career includes 7 years in public accounting for regional and national CPA firms and 7 years in executive management positions in healthcare as a Chief Financial Officer. In addition, I have taught online accounting classes since 2005 with Strayer University, University of Phoenix, Baker College, Indiana Wesleyan University, National American University and Tennessee Temple University. My experience as on online accounting professor and as a career CPA brings unparalleled value to my classes.

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