
Explore bookkeeping credits and debits, master income statement and balance sheet items, and register transactions to construct a full P&L and balance sheet through a practical, step-by-step exercise.
Explore accounting as an information science that collects and organizes financial data for organizations and individuals, focusing on bookkeeping and financial accounting to support financial decision-making.
Recognize how bookkeeping begins with collecting information and recording every transaction, serving as the cornerstone of accounting and enabling banks, firms, and individuals to function.
Financial accounting provides the set of financial reports that outsiders use to understand a company’s sales, profitability, costs, assets, liabilities, and cash, and supports capital access decisions.
Master the three core financial statements—the income statement (P&L), balance sheet, and cash flow statement—and learn how they reveal revenue growth, profitability, assets, liabilities, equity, and liquidity for a period.
Explore how net sales and other revenue form total revenue, then subtract cost of goods sold, selling, general and administrative expenses, depreciation and amortization, and interest to derive net income.
Explore how a balance sheet shows assets on the left and liabilities and equity on the right, covering cash, accounts receivable, inventory, PPE, depreciation, and paid-in capital.
Explore the accounting equation, which states assets equal liabilities plus equity, as shown on the balance sheet with assets on the left and liabilities and equity on the right.
Understand how the general ledger and subsidiary ledgers organize balance sheet and income statement items, detailing cash, accounts receivable, and inventory.
Learn how T accounts visualize transactions, showing assets on the left and liabilities and equity on the right, with debits and credits indicating increases and decreases.
Learn how to use T accounts for income statement items, with debits on the left and credits on the right, and see how revenues, costs, and profits affect retained earnings.
Discover the double entry bookkeeping principle, where every transaction creates equal and opposite effects in two or more accounts, preserving the accounting equation with debits and credits.
Learn to create a balance sheet and income statement for a lemonade stand, applying bookkeeping entries and T-accounts to capture equity, assets, and payables.
Explore practical bookkeeping entries to build a P and L and a balance sheet for a lemonade stand, including raw materials, cost of goods sold, revenues, and utility expenses.
Use T accounts to build a balance sheet and income statement, calculate account totals, determine net income, and balance the accounting equation.
There are not many courses available on the market that make a complex and dry subject understandable and even fun. This course does just that!
By completing the Accounting Made Easy Course, you will be able to learn the essentials of Accounting and Bookkeeping - two of the fundamental tools for a successful career in finance.
This course will help you understand basic accounting concepts and offers extra practice on topics such as:
...Bookkeeping, Debits, Credits, the Chart of Accounts, General and Subsidiary Ledgers, T-Accounts, Income Statement and Balance Sheet items, The Accounting Equation, the Double-Entry Principles and more...
In no time you will be able to:
Set up an accounting system
Book accounting transactions
Make accounting entries
Prepare Income Statements and Balance Sheets
Understand Financial Statements
The materials are suitable for people with no previous Accounting or Business knowledge. You can complete the training in a couple of hours and instantly improve your understanding of financial statements and accounting transactions!
What makes this course different from the rest of the Accounting courses that are out there?
High quality of production – HD video and animations (This isn’t a collection of boring lectures!)
Knowledgeable instructor (experience in Big 4 Accounting + Master in Finance)
A Complete case study that will help you reinforce everything that you’ve learned
Excellent support: If you don’t understand a concept or you simply want to drop us a line, you’ll receive an answer within 24 hours
Dynamic: We don’t want to waste your time! The instructor keeps up a very good pace throughout the whole course.
How come Accounting is so important?
It’s about money, right? If you want to understand how money is coming in and going out of a business, you will have to learn accounting.
Here are 5 more reasons why you should take this course and learn accounting:
Jobs. A solid understanding of accounting usually lands you a sweet job as an accountant and opens doors for a number of career paths.
Promotions. Accountants are promoted very easily inside large corporations
Secure Future. Accounting skills remain with you and provide extra security. You won’t ever have to fear unemployment
Please don’t forget that the course comes with Udemy’s 30-day unconditional money-back-in-full guarantee. And why not give such a guarantee, when we are convinced that the course will provide a ton of value for you?
So what are you waiting for?
Click the "Take this Course" button and start learning now!
CPE (Continuing Professional Education)
Learning Objectives:
Describe accounting and its fundamental process
Name the main types of financial statements
Identify the main building blocks of a Balance Sheet and a Profit and Loss Statement
Define the accounting equation and its importance in the accounting framework
Discuss the conventions that are used in recording accounting data
Build a simple balance sheet and income statement using brief transaction data
Categorize each transaction in the correct accounting heads
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