
The class assignment is attached along with the answer key. At the end of lesson 10, you may attempt the worksheet at your own pace to apply the concepts taught in class.
Students should be able to identify the accounting treatment and nature of the five main accounts; assets, liabilities, owners' equity, revenue, and expenses.
Students should be able to successfully prepare T-Accounts and General Journals for any given transaction.
Identify "special" accounts such as dividends and depreciation, and their respective accounting treatment.
Conclude the T-Accounts to close them for the period
Recognise the difference between different kinds of financial gains and how their correct treatment.
Learn how to deal with discounts given to customers, or additional sales-related expenses that are not product costs.
Learn the recognition process of accounts receivables.
Understand and be able to manipulate and apply the inventory equation. Understand the rationale behind the matching principle and in turn, COGS.
Understand the different cost flows systems of inventory and how they impact the financials. Grasp the concept behind inventory valuation.
Understand the difference between the different inventory systems (perpetual vs periodic), and the rationale behind picking one over the other.
Learn Accounting the Easy Way - Even If You’ve Never Touched a Ledger Before
Accounting isn’t just numbers - it’s the language of every successful business.
When you understand how money really moves, you make smarter decisions, spot problems early, and feel in control of your finances instead of guessing.
In this beginner-friendly course, you’ll build a strong foundation in accounting from the ground up. No jargon. No overwhelm. Just simple, structured lessons that finally make accounting click.
What You’ll Learn
The core principles behind accounting - and how they shape every financial decision
How to record transactions and make sense of debits and credits
How to create and interpret simple accounts with confidence
The most common beginner mistakes (and how to avoid them!)
How accounting brings clarity and insight to your business decisions
Who This Course Is For
Absolute beginners who want to make sense of accounting, once and for all
Entrepreneurs who want to understand their numbers without hiring an accountant
Students or professionals who want to strengthen their financial intuition
Anyone who’s ever thought, “I’m just not a numbers person” - and wants to change that
Why Learn From Me
I’ve studied and practiced financial accounting for over six years, learning from a range of educators and guiding peers along the way. My teaching style focuses on clarity, logic, and flow - helping you see not just what to do, but why it works.
By the end, you won’t just memorize journal entries - you’ll think like an accountant and feel confident applying these skills in real-world situations.
Promo Code:
Use MMM25PROMO to sign up at a discounted rate of $12.99, where <MMM> is the month you enroll (e.g. NOV25PROMO if joining in November 2025).