
Explore financial accounting fundamentals, including assets, liabilities, equity, and the accounting equation, plus preparing income statements and balance sheets, and mastering the full accounting cycle with Excel and SAP.
Explore the fundamentals of financial accounting, including the accounting equation, balance sheet, income statement, assets, liabilities, and owners equity.
Explore how sole proprietorships, partnerships, and corporations differ in ownership, liability, taxes, and accounting equations, and learn how owners' draws, salaries, and dividends affect financial statements.
Explore the types of accounting, contrasting financial accounting and management accounting, their users and reports, GAAP vs IFRS, and external versus internal decision making.
Discover the accounting cycle, from recording transactions and posting to ledgers, through trial balances and adjusting entries, to final statements, closing entries, and accruals.
Learn how debits and credits drive double-entry accounting, balancing assets, liabilities, and owner's equity through journal entries, chart of accounts, and ERP rules.
Learn how the income statement (profit and loss) shows revenues, expenses, gains, and losses to indicate net income or loss for a period under accrual accounting.
Compare accrual and cash accounting to see when revenues are earned and how the matching principle links expenses to revenues, affecting the income statement and balance sheet.
Learn the transaction approach to net income, balance sheet effects, and adjusting entries that convert to accrual accounting, including revenue recognition, matching principles, and common adjustments.
Learn to use Excel for accounting by budgeting, creating financial statements, balance sheets, and reporting; build dashboards and models with data import from external databases and automate reports.
This course provides an introduction to financial accounting. Topics include an overview of financial accounting, transaction analysis, and accounting entries; double-entry accounting systems; merchandising and inventory; internal control, cash, and receivables; long-lived assets and current liabilities; financial reporting concepts and accounting for partnerships; corporations; long-term liabilities; cash flow statement; investments; and financial statements analysis. At the end of the course, you will be able to fully understand fundamentals of Financial Accounting, use of Excel in Accounting and role of modern ERP system such as SAP.