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30-Day Money-Back Guarantee

This course includes:

  • 8.5 hours on-demand video
  • 10 articles
  • 20 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
Finance & Accounting Accounting & Bookkeeping Financial Accounting

Introductory Financial Accounting

Learn the basics of Accounting including: the accounting cycle, inventory, depreciation, receivables, and more!
Rating: 4.7 out of 54.7 (634 ratings)
2,628 students
Created by Erik Slayter
Last updated 2/2019
English
English
30-Day Money-Back Guarantee

What you'll learn

  • Understand the basics of Financial Accounting
  • Practice using the included workbook

Requirements

  • Be ready to learn

Description

This course covers the basics of Financial Accounting:

  • The accounting cycle (transaction analysis, adjustments, closing)
  • Buying and selling inventory
  • Costing inventory
  • Internal controls and cash
  • Receivables
  • Fixed assets and depreciation
  • Financial statements: Income statement, Statement of retained earnings, Balance Sheet, and Statement of cash flows

The method of instruction is a combination of lecture and exercises we work through together.  Also included in the course is a workbook that has problems to work through (answers in the back) as a way to practice practice practice!

Take this course now and learn financial accounting basics.

Who this course is for:

  • Anybody who is interested in learning about accounting
  • University students

Course content

10 sections • 42 lectures • 8h 25m total length

  • Preview00:03
  • Preview20:30
  • Preview18:59
  • Preview12:01
  • Preview06:04
  • The Accounting Equation Quiz
    3 questions

  • Journal Entries, Ledgers, and Trial Balance Resources
    00:03
  • The Framework of Accounting
    16:33
  • T-Accounts
    21:10
  • The Ledger
    12:59
  • The Trial Balance
    15:59
  • Journal Entries, Ledgers, and Trial Balances Quiz
    5 questions

  • Adjusting Journal Entries Resources
    00:03
  • Introduction to Adjusting Journal Entries
    13:23
  • Adjusting Journal Entry exercise
    29:53
  • Adjusted Trial Balance
    27:07
  • Adjusting Journal Entries Quiz
    3 questions

  • Closing Journal Entries Resources
    00:03
  • Introduction to the Closing Process
    25:50
  • Big Problem wrapping up with Closing
    21:19
  • Closing Journal Entries Quiz
    3 questions

  • Buying and Selling Inventory Resources
    00:03
  • Introduction to accounting for Merchandising companies
    14:55
  • Accounting for Buying and Selling inventory
    25:37
  • Final words about accounting for Merchandising companies
    06:58
  • Buying and Selling Inventory Quiz
    3 questions

  • Inventory Costing Resources
    00:03
  • Introduction to Inventory costing
    07:37
  • First-in First-out (FIFO)
    14:18
  • Last-in First-out (LIFO)
    09:51
  • Weighted Average costing
    09:35
  • Wrap-up costing methods
    08:45
  • Inventory Costing Quiz
    3 questions

  • Internal Controls and Cash Resources
    00:03
  • Introduction to Internal Controls and Cash
    14:24
  • Example Bank Reconciliation
    12:17
  • Internal Controls and Cash Quiz
    3 questions

  • Receivables Resources
    00:03
  • Introduction to Receivables
    12:02
  • The Receivables Method for calculating the Allowance for Bad Debts
    13:30
  • The Sales Method for calculating the Allowance for Bad Debts
    12:17
  • Receivables wrap-up
    15:12
  • Receivables Quiz
    5 questions

  • Property, Plant, and Equipment Resources
    00:03
  • Introduction to accounting for Property, Plant, and Equipment
    10:03
  • Depreciation examples
    18:02
  • Disposal of Property, Plant, and Equipment
    07:33
  • Property, Plant, and Equipment Quiz
    3 questions

  • Statement of Cash Flows Resources
    00:03
  • Introduction to Statement of Cash Flows
    30:00
  • Statement of Cash Flows example
    20:24
  • Statement of Cash Flows Quiz
    3 questions

Instructor

Erik Slayter
Accounting Professor
Erik Slayter
  • 4.7 Instructor Rating
  • 651 Reviews
  • 2,662 Students
  • 2 Courses

Erik Slayter
Certified Public Accountant

Erik is currently an Accounting Professor at California Polytechnic State University in San Luis Obispo.  Formerly, Mr. Slayter served as Division Controller for the San Luis Obispo County division of Waste Connections, Inc. (NYSE: WCN).  Prior to Mr. Slayter’s work for Waste Connections, he was Controller and MIS Director for Waller Genetics, a leading horticultural research company based in Santa Barbara County, California.  Mr. Slayter’s M.B.A. and degree in Accounting were both earned from California Polytechnic State University in San Luis Obispo.  Mr. Slayter holds an active Certified Public Accountant license from the State of California.  Mr. Slayter serves as founder and President of CCSoccer Corp., a non-profit recreational, adult soccer league.

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