Free Introductory Crash Course in Accounting (1 Hour)
Requirements
- No prerequisites or specific requirements are needed for this course. It is designed to be accessible to learners of all levels, whether you're a beginner or have some background in accounting. All that's required is a basic understanding of computers, an internet connection, and a curiosity about accounting. Join us now
Description
Embark on a journey to financial clarity with our comprehensive yet concise course. Designed for learners of all levels, this course demystifies the fundamentals of accounting, offering a solid foundation for anyone looking to enhance their financial literacy. Whether you're an aspiring entrepreneur, a small business owner, a student, or simply curious about accounting, this course is tailored to make the world of finance accessible and engaging.
Course Overview:
Dive into the heart of accounting with an in-depth look at the 5 Main Accounts—Assets, Liabilities, Equity, Revenue, and Expenses. Understand the critical role each plays in financial reporting and how they form the backbone of any business's financial health.
Key Concepts Simplified:
Debits and Credits: Grasp these fundamental concepts with ease, learning to apply them accurately in various transactions.
T-Accounts: Visualize the flow of transactions and their impacts on accounts through T-Accounts, enhancing your comprehension and application of accounting principles.
The Main Accounting Equation (Assets = Liabilities + Equity): Decode this essential formula that ensures the balance of every financial report.
Financial Statements Unveiled: Get introduced to the 4 Key Financial Statements—the Balance Sheet, the Income Statement, the Cash Flow Statement, and the Statement of Retained Earnings. These documents are crucial for analyzing a business's financial performance and making informed decisions.
The Accounting Cycle, Step by Step:
From analyzing transactions to journalizing them and updating T-accounts.
Understand the preparation of the Unadjusted and Adjusted Trial Balances.
Learn how to compile the four crucial financial statements.
Explore the closing entries process and the importance of the Post-Closing Trial Balance.
Why Choose This Course?
No prerequisites: Jump right in without any prior accounting knowledge.
Learn at your pace: Gain valuable insights into accounting basics in less than an hour.
Real-world application: Equip yourself with the knowledge to manage personal or business finances better.
Who This Course Is For: This course is perfect for beginners, small business owners, entrepreneurs, students considering a career in finance or accounting, professionals seeking a refresher, and anyone interested in managing personal finances more effectively.
By the end of this course, you'll have a clear understanding of the foundational elements of accounting, equipped with the knowledge to interpret financial information confidently. Join us now and unlock the door to mastering accounting basics, setting the stage for future financial success.
Who this course is for:
- Absolute Beginners to Accounting: If you're starting from scratch, this course is your gateway to understanding the basics of accounting without any prior knowledge required.
- Small Business Owners and Entrepreneurs: Learn to manage your business finances better and understand financial statements to make informed decisions.
- Students Considering a Career in Finance or Accounting: Get a head start on accounting principles before committing to a degree or professional qualification.
- Professionals Seeking a Refresher: If you've been out of the game or want to brush up on accounting basics, this course provides a concise overview.
- Individuals Managing Personal Finances: Gain insights into how accounting principles can be applied to personal finance management and budgeting.
- Curious Minds: Anyone with an interest in understanding how the world of finance and accounting operates, this course demystifies key concepts in an accessible way.
Instructor
- 4.6 Instructor Rating
- 138 Reviews
- 2,357 Students
- 5 Courses
I'm Inderjeet Jeed, aka Indy, with a robust academic and professional background in accounting. I earned a Graduate Diploma in Accountancy from the Goodman School of Business in 2017 and an Honours BBA with a specialization in Accounting from the University of Guelph in 2016, achieving a GPA of 87% and an Accounting GPA of 91%.
My career started as a Junior Accountant at HSM Accounting Services (2010-2013), where I managed accounting documents and built customer loyalty. In 2016, I founded Acct’s Tutoring Services Ltd., successfully tutoring over 2500 students and managing a team of 10 employees.
I contributed to the academic community as a Professor at Toronto Economic Management College (2018-2018) and an Accounting & Payroll Instructor at Oxford College (2018-2019). Achievements include a Certificate of Appreciation from the Canada Revenue Agency (2016) and certifications in security and first aid.