Accounting in 60 Minutes - A Brief Introduction
What you'll learn
- Understand the basic accounting equation
- Know the difference between a debit and a credit
- See how to prepare a balance sheet and income statement
- Understand why profit does not equal cash
- No prerequisite knowledge is required!
NASBA CPE accredited course
National Association of State Boards of Accountancy (NASBA)
NASBA CPE credits: 2.0
Recommended NASBA field of study: Accounting
Program level: Basic
To earn NASBA CPE credits:
- Complete all videos
- Score 70% or higher on final exam
Glossary: Find PDF attached to the first lecture of this course.
Completion to obtain CPE should be accomplished a year after purchase date.
If you undertake this course for NASBA CPE credits, please complete the Self Study Course Evaluation.
This is not your typical accounting course!
Professor Turner has taught thousands of students basic accounting. He has developed shortcuts and analogies to make learning accounting easy. If you want to understand this subject in a simple, fun way then this brief introductory course is for you.
This course will show you the very basics of accounting. You can complete it in about an hour. The course includes videos of the instructor at the whiteboard. You will complete simple quizzes to reinforce what you have learned. This course is intended for business owners, business students, managers or anyone who wants to understand basic accounting. It presents the information in an understandable format. Even if you have taken an accounting course you will find the material insightful.
The course introduces
The Accounting Equation (One you can understand!)
Debits and Credits (And how to know which is which!)
Why Profit Does Not Equal Cash!
If you have dreaded the thought of learning accounting, this is exactly the introduction you will welcome!
Why should take this course?
You are a business owner. You want your business to succeed and you know that you need a better understanding of how the numbers are put together.
You are a manager. You deal with accounting staff, bookkeepers, owners and subordinates. You hear accounting terms daily but you want to know more about what accounting means.
You are a business student. You dread taking your first accounting course. Or maybe you are in an introductory class right now. It all sounds so complicated. You want to find a simple explanation of what you are trying to learn.
You are an accounting student. You feel that you really did not get a firm grasp of the basics. You would like to start from scratch in an easy to learn format.
CPE (Continuing Professional Education)
Apply the basic accounting formula
Identify assets, liabilities and equity
Describe how the income statement and balance sheet are connected
Recognize why profit does not equal cash
Interpret a balance sheet
Predict when an account increases with a debit or increase with a credit
Summarize the purpose of a trial balance
Differentiate income statement accounts from balance sheet accounts
For more information regarding administrative policies, please contact our support using the Help and Support link at the bottom of this page.
Who this course is for:
- business owners
- business students
- beginning accounting students
Vince has taught accounting, business and information technology classes for the last ten years. He holds an MSBA and is a Certified Information Systems Auditor. He has taught thousands of students and his goal is to always make complex subjects easy to understand.
Vince has always been involved in education. In addition to teaching he served as an elected community college trustee.
Please join him for a fun class!