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Finance & Accounting Accounting & Bookkeeping Accounting

Accounting in 60 Minutes - A Brief Introduction

Learn the very basics of accounting in just about an hour.
Rating: 4.6 out of 54.6 (9,905 ratings)
82,146 students
Created by Vincent Turner
Last updated 10/2015
English
English [Auto], French [Auto], 
30-Day Money-Back Guarantee

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
Curated for the Udemy for Business collection

Requirements

  • No prerequisite knowledge is required!

Description

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!)
  • Balance Sheets
  • Income Statements
  • 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.

Who this course is for:

  • business owners
  • managers
  • business students
  • beginning accounting students

Course content

8 sections • 16 lectures • 1h 40m total length

  • Preview04:04
  • Preview03:33
  • Preview03:24
  • What = Who
    2 questions

  • Debits = Credits
    07:19
  • The Trial Balance
    05:55
  • Debits and Credits
    2 questions
  • Debit and Credit Worksheet - A One Page Template to Help You Know When To Debit!
    1 page

  • It Balances!
    06:00
  • The Balance Sheet
    1 question

  • Income Accounts
    07:06
  • Net Income
    04:07
  • The Income Statement
    04:28
  • Income Statement
    2 questions

  • A Short Ebook on How to Put Together a Balance Sheet
    9 pages

  • It's All About Timing
    04:16
  • Income Does Not Equal Cash
    04:54
  • Expenses and Timing
    03:25

  • What We Have Learned
    02:08

  • How To Increase Your Profits with Break Even Analysis!
    30 pages

Instructor

Vincent Turner
Join Vince for an Enjoyable Class!
Vincent Turner
  • 4.6 Instructor Rating
  • 10,326 Reviews
  • 87,308 Students
  • 4 Courses

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!

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