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Accounting 101 Made Easy And Fun
Rating: 4.4 out of 5(154 ratings)
1,458 students

Accounting 101 Made Easy And Fun

Most Important Accounting Ideas Easy And Fast
Created byMark Smolen
Last updated 5/2026
English

What you'll learn

  • Introduction To Accounting
  • Define Each Item Of Accounting Vocabulary
  • Accounting For Dummys
  • Be Able To Make Journal Entries
  • Basic Accounting Concepts
  • Be Able To Make Debits And Credits
  • Accounting Help For Slow Students
  • Identify Each Step In The Accounting Cycle
  • Be Able To Record Transactions In The Fundamental Accounting Equation
  • Be Able To Record Inventory Transactions
  • Be Able To Make End-Of-Month Accounting Adjustments
  • Be Able To Make End-Of-Month Closing Entries
  • Be Able To Record Distributing Partnership Income
  • Be Able To Record Transactions In The Perpetual Inventory System
  • Be Able To Record Transactions In The Periodic Inventory System
  • Be Able To Record Journal Entries In QuickBooks Online And QuickBooks Desktop
  • Be Able To Calculate Mortgage Interest
  • Be Able To Find The "Discount Date" and Discount Amount For An Early Pay Discount
  • Be Able To Get Correct Numbers On The Accounting Projects And Tests And Quiz
  • Master Accounting Theory, Concepts And Ideas
  • Complete Accounting Projects, Bookkeeping Tests And Quizzes
  • Understand What Your Accountant Is Doing or You Each Fiscal Month, Quarter Or Year
  • Calculate Ending Inventory Value With The "Weighted Average" Method
  • Calculate Ending Inventory Value With The "First-In-First-Out" (F.I.F.O) Method
  • Adjust Ending Inventory To Find Cost Of Goods Sold And Gross Profit
  • Apply Several Inventory Valuation Methods For Ending Inventory

Course content

7 sections38 lectures7h 6m total length
  • Welcome To Accounting 101 Made Easy And Fun6:53

    Debits and Credits are so simple to understand that a child could explain it. You must know basic accounting ideas first.

  • What Are Assets And Liabilities4:18

    We will define assets and liabilities. You will get the most clear explanation of the definition of these words as they are used in accounting.

  • Fundamental Accounting Equation15:20

    The fundamental accounting equation is the basis if debits and credits. It helped derive the accounting system we use today.

  • Origin Of Debits And Credits14:31

    This learn accounting video will finally show you the origin of debits and credits. It comes from the accounting equation and keeps it balanced. You will also learn about "T" accounts.

  • Debits And Credits 3 Step Plan6:46

    Serina May Jackson teaches the ideas of how to make debits and credits in basic accounting. She uses the Mark Smolen 3 step plan in the T accounts.

  • Empowering Accounting Definitions13:51

    You will have a clear understanding of accounts receivable, accounts payable, as well as equity accounts like capital and withdrawals and understand how and why we use them.

  • Advanced Debits And Credits With Serina10:17

    You will use the equity accounts to record debits and credits in the T accounts and it makes it easier with these general ledger accounts.

  • The Accounting Cycle With Journal Entries9:20

    Old School Accounting recorded all debits and credits in the general journal first. Then we post the transactions to the ledger t accounts and make a trial balance

  • Example Entries With QuickBooks Desktop14:35
  • Example Entries With QuickBooks Online10:40
  • The Trial Balance And First Practice Set11:24
  • What Is Accounts Receivable And/Or Accounts Payable3:44

    There are separate records from the ledger account called "accounts receivable" and the records of the individual customers. They must be in sync after each transaction. The same is true for accounts payable.

  • Mortgage Payment Calculations15:42

    Anyone can understand how we calculate the amount of interest and the amount of principal reduction in each equal monthly mortgage installment payment.

  • Early Pay Discounts To Customers10:02

    Customer Terms are the conditions that they must meet to get the early pay discount.

  • Receiving Discounts From Vendors12:36

    Vendors offer us discount terms that we can track in a purchase discounts account if we pay early enough.

  • What Is Bank Reconciliation10:44
  • Why Financial Statements?21:04

    This Accounting video tutorial will explain in the simplest possible terms, what is accounting and why do we need it. It will then introduce you to financial statements

Requirements

  • None

Description

This Special new introduction to accounting class makes learning fun and easy! It will give you the clearest and simplest explanations to all the basic accounting ideas that that come from accounting 101. This “accounting for dummies” is a special type of training tutorial and is engaging and enjoyable. It’s the perfect accounting lessons for slow learners because it presents bookkeeping and accounting theory and concepts in common sense clear terms that apply to things we all understand. You will be ready to take accounting exams and practical accounting and bookkeeping projects when you finish this top-rated course.

Each of these presentations are special methods of learning accounting and studying bookkeeping skills. They are taken from accounting lessons that I have presented live at job training schools over the decades, where most of my students got jobs doing bookkeeping, accounting, and QuickBooks. You will always know what to Debit and what to Credit because you learned the history of the fundamental accounting ideas and the fundamental accounting equation. Then you will be able to make journal entries in your QuickBooks Accounting software without needing the help of an accountant! See how accounting concepts it evolved into T accounts and how the general ledger was developed.

If you see the context in a nice interesting engaging story that's entertaining and clear, then you will build up your accounting and bookkeeping skills all the way to the final practice projects and exercises. These will give you the ability to make all the journal entries you need to run your business without needing any outside bookkeeping help. Non-accounting people should be able to do all the accounting they need. This fantastic basic accounting class will give you that ability.

The course now has projects and exercises that you can use during the course for you to stop and check your accumulated skill and new knowledge. This will make sure you're on track before you go to the next learning session These practical accounting quizzes and projects will reinforce the learning and help you remember better. They can be fun puzzles as you do them with the people whom who you watch the course with. Taking the final theory multiple choice quiz can be like playing a board game with your family to see who remembers best from the fun videos that you learned from. Topics include……………….


What Are Assets? What Are Liabilities?


The Fundamental Accounting Equation


What Is Owner’s Equity?


What Are Debits And Credits?


What To Debit And What To Credit?


The Double-Entry System Of Accounting


Advanced Transactions And Advanced Debits And Credits


What Is The Accounting Cycle?


How To Make Journal Entries In QuickBooks


End-Of-Month Accounting Adjustments


Owner’s Equity Accounts


Distributing Partnership Income


Using Income Summary


The Perpetual Inventory System


The Periodic Inventory System


What Is "First-In-First-Out" (F.I.F.O) Method Of  Inventory Valuation?


What Is "Weighted Average" Inventory Valuation ?


Interest And Mortgage Calculations


What Is Accounts Receivable


What Is Accounts Payable


Early Pay Discounts


Discount Terms


What Is A “Bank Reconciliation?


Why Financial Statements?


These tried-and-true methods have helped thousands learn accounting well enough to get good jobs. These accounting lectures and lessons always entertain and engage when I perform them live. Even if you still need an accountant periodically, you will understand what your accountant is doing by finishing this easy-to-learn basic accounting and bookkeeping course. Now you have an opportunity to see the new and improved lessons with video animation and improved quality. You can watch these great lessons as often as you need to because if you purchase the course, you will owe them forever! You will always get any questions you have answered almost immediately because I always get back to my students right away. I want everyone’s leaning experience to be smooth and enjoyable. This is a course that will help everyone, and I hope to see you there.


-Mark

Who this course is for:

  • Anyone Needing Introduction To Accounting Classes Made Easy And Fun
  • Any Business Owner Who Needs To Understand The Most Important Accounting Ideas
  • Anyone Who Needs "Accounting For Dummies" Style Of Lessons That Are Effective
  • Anyone Who Needs To Know How To Make Journal Entries
  • Any Accounting 101 Student Struggling With The Accounting Class
  • Anyone Needing An Accounting Training Tutorial With Clear, Common-Sense Explanations
  • Anyone Who Needs A Basic Accounting Class Thats Fun And Engaging
  • Anyone who likes a Sesame Street Explanation For Learning Import and Ideas
  • Anyone Needs To Know The Minimum Amount Of Accounting To Manage Thier Own Books
  • Anyone Who Enjoys Learning Accounting Theory, Concepts And Ideas
  • Anyone Who Self-Studies With Practical Accounting Projects And Theory Tests