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Accounting is Boring
Rating: 4.6 out of 5(20 ratings)
4,554 students

Accounting is Boring

Accounting Basics: Master the Fundamentals in Just 3 Hours
Created byBoring Knowledge
Last updated 6/2023
English
English [Auto],

What you'll learn

  • Learn and understand the definitions of Assets, Liabilities, Equity, Income and Expenses
  • Learn and understand Debits and Credits
  • Learn and understand the Accounting Equation
  • Read and Create financial statements at a beginner level
  • Understand the purpose and function of a Chart of Accounts
  • Learn and understand an Income Statement
  • Learn and understand a Balance Sheet
  • In-depth walkthrough of the Accounting Cycle
  • Understand the context and theory of accounting by learning concepts such as Credit, Prudence, IFRS vs GAAP, Automation and more!
  • Learn how to use Financial Ratios to Define Financial Success

Course content

5 sections • 24 lectures • 3h 2m total length

  • Introduction1:27

    Explore why accounting exists and master fundamentals—assets, liabilities, debits, credits, and financial statements—by analyzing Apple and other company statements and the full accounting cycle.

  • Why Does Accounting Exist???8:56

    Explore why accounting exists by examining how transactions become financial statements, and distinguish accounting from finance, highlighting assets, liabilities, equity, and the end goal of financial statements.

  • Conceptual Building Blocks: Part 111:44

    Explore the five building blocks of accounting, assets, liabilities, equity, income, and expenses, and how each definition and the concepts of economic resource, control, and past events shape their use.

  • Conceptual Building Blocks: Part 29:47

    Define equity, income, and expenses within the accounting equation, and compare assets and liabilities to explain capital and retained earnings.

  • Accounting Equation5:54

    Explore the accounting equation by analyzing assets equal to equity plus liabilities, using examples of buying a building with startup capital or a loan to show ownership and balance.

  • Debits and Credits16:30

    Explore how the accounting equation ties debits and credits to assets, equity, and liabilities, using t accounts, ledgers, and journals to track income, expenses, and retained earnings.

  • Financial Statements6:59

    Explore the balance sheet and income statement, their relationship via the accounting equation, assets, liabilities, and equity, including revenue, expenses, and how profit flows to retained earnings.

  • Chart of Accounts7:34

    Explore the chart of accounts and how assets, liabilities, and equity are divided into current and non-current categories. Learn debit and credit rules across the balance sheet and income statement.

Requirements

  • No prior accounting knowledge is required, every accounting concept is explained from scratch. You don't even have to know what debits and credits are :-)

Description

Want to finally understand accounting without the confusion? This course makes learning accounting effortless, fast, and fun!


  • No prior experience required – perfect for beginners

  • Learn in just 3 hours – what usually takes weeks or months!

  • Engaging visuals & animations – making complex concepts simple.


A Fresh Approach to Learning Accounting:

Instead of boring theory, we use a principles-based approach designed for lasting impact. You’ll learn how accounting truly works—so you can think like an accountant, not just memorize rules.


  • Proven learning techniques – spaced repetition & the mere-exposure effect for faster retention.

  • First-principles thinking – breaking down accounting into its simplest form.

  • Color-coded visuals & animations – making concepts easy to grasp.


Why This Course Works:

We don’t just throw definitions at you—we help you see accounting. Using a visual thought process, we simplify complex topics into intuitive, easy-to-remember concepts. You’ll gain a deep understanding of accounting fundamentals, making it easier to apply what you learn in real life, whether you're a student, entrepreneur, or just someone curious about finance.

Whether you're a high school student, entrepreneur, or just curious about finance, this course is designed to make accounting click.


Join today and transform the way you see the financial world!


What will you learn in this course?


  • Why Does Accounting Exist???

  • Conceptual Building Blocks

  • Accounting Equation

  • Debits and Credits

  • Financial Statements

  • Chart of Accounts

  • Beginner Financial Statement Analysis

  • The Accounting Cycle

  • Credit/Debt

  • Prudence

  • Fundamental Characteristics of Financial Information

  • IFRS vs GAAP

  • The 4 Big Areas of Money

  • Automation

  • Financial Goals using Financial Ratios


Enroll today to level-up your financial knowledge!

Who this course is for:

  • High-School students looking to supplement their accounting knowledge
  • Passionate Entrepreneurs who have recently started or are getting ready to start their first business.
  • Money-Conscious individuals looking for a deeper understanding on how the accounting system works
  • Knowledge-hungry enthusiasts who would love to learn about accounting and build their knowledge from scratch

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