Introduction to Accounting

The foundation of accounting theory and an introduction to book-keeping.
Free tutorial
Rating: 4.6 out of 5 (96 ratings)
1,839 students
1hr 32min of on-demand video
English [Auto]

Students will be introduced to the foundation of accounting and book-keeping consistent with International practices.
We will start with the basics including what accounting is, and what are financial statements.
Next we will discus the most common accounts used in accounting and bookkeeping.
We will then prepare accounting entries.
From there we will tour an accounting software program.


  • No prerequisites are required.


This course is designed to teach the foundation of accounting and book-keeping, and is based on International practices found throughout Canada, the USA, and Europe.

This course is intended for learners who have no prior knowledge, or for those who have taken training in the past, but would like to take a refresher course. Another group who will benefit from this course are those who were taught to use a computerized accounting system, but struggle to understand why certain entries are recorded in a certain manner; a perfect example is we have all been taught a debit to our personal bank account means we take money out and a credit puts it in, yet when we make an accounting entry at work debits increase the bank account where credits decrease it (I've got your attention now!)

Finally, for those who wish to take my advanced courses such as Introduction to Manufacturing Accounting - Standard Costing or Introduction to Manufacturing Accounting - Project Costing , understanding the foundation of general accounting and book-keeping is essential.

In this class we will look at: What accounting is; what are financial statements; the common accounts we will use; the mechanics of double entry accounting; perform some transactions including reviewing their effect on financial statements, and then we will take a tour of a computerized accounting program making and evaluating the entries.

Enroll now and you won't be disappointed!

Who this course is for:

  • Those who may be interested in the accounting profession and would like an introduction to the topic.
  • New business owners and their employees who are new to accounting and book-keeping.
  • Students of my intermediate courses who require either the foundation or a refresher.


Business author and learning facilitator
Daniel W. Elliot, CPA
  • 4.5 Instructor Rating
  • 158 Reviews
  • 2,406 Students
  • 5 Courses

I have been a professional accountant for over twenty-five years and have worked in public sector, nonprofit, income tax audit, and private industry including manufacturing.

In addition to being an accountant, I served as a military aircraft mechanic, an operations manager with vocational trades training in the federal penitentiary system, and as a volunteer firefighter and search and rescue technician.

I have experienced business ownership as a property investor and manager, and I am now sharing my experiences as a business author and learning facilitator, bringing an integrated approach to business administration training.

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