Financial Accounting - #1 Ranked University: Course 1 of 5
4.6 (2,022 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
19,897 students enrolled

Financial Accounting - #1 Ranked University: Course 1 of 5

Honored by the President of the United States for outstanding teaching, learn Accounting from the self-made millionaire.
Highest Rated
4.6 (2,022 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
19,897 students enrolled
Created by Norm Nemrow
Last updated 8/2020
English [Auto], Polish [Auto]
Current price: $139.99 Original price: $199.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 24.5 hours on-demand video
  • 1 article
  • 12 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Learn accounting from the #1 highest rated Accounting course on Udemy!
  • Produced and used at the #1 Accounting university in the World (as rated by the London Financial Times - 2013)
  • You will learn how to run a business through understanding accounting at the university level... the most in-depth course available
  • Learn how to maximize your business profits by understanding the Accounting Cycle
  • You will learn how to Finance a Business, the different Financial Statements, and legal forms of Businesses
  • You will learn about the vital Income statement and the famed accounting equation
  • Quickly learn debits and credits
  • Learn how to create financial statements
  • You will learn Accrual Accounting vs Cash accounting and know the advantages of each for your business
  • You will learn about Sales Revenue and Inventory (LIFO, FIFO, Average Cost)
  • You will learn how to protect your business so you don't get ripped off with Internal Controls.
  • You will learn about Long-Term Assets, Stocks, Bonds, and Dividends
  • You will learn how to strategically invest in a company's stock through analyzing their financial statements
  • Elementary math skills (i.e., basic addition subtraction, multiplication, & division)

Learn accounting from the self-made millionaire Norm Nemrow and the recipient of a famed teaching award from the President of the United States. This course is produced by the #1 accounting university in the world, Brigham Young University (Rated by the London Financial Times 2013). This course will teach you the fundamentals of Financial Accounting better and more effectively than any course available today... guaranteed. Other courses may talk a good game but our course is the gold standard. This IS the specific course that prepares the top recruits into the big four accounting firms worldwide and recommended by HARVARD to its incoming MBA students.  Join over 100,000 top students from the top universities all over the world with our famous course that we're now making available on Udemy.  No other Accounting course to our knowledge has been highlighted in Wired magazine, Gagaom, and the New York Times, yes, it's that popular and well acclaimed. Welcome to the Norm Nemrow Accounting Course where you can get a NNAC in Accounting.

The Introduction to Accounting Course Series is composed of FIVE courses. If you take the challenge and learn the content in all FIVE courses then you will have mastered the first year of accounting at the best accounting university program in the world. These are the SAME courses we use at the university, which means if you sign-up with our Independent Study program, you only need to take the exams and you'll receive 6-credit hours. These credits are extremely valuable and will transfer to virtually any higher institution in the world. No other course on Udemy prepares you for real college credit-hours like our courses. However, if you decide the credits are not for you, that's also great... you will have received the best accounting education in the world here on Udemy, and you will have the knowledge you need to master your business and lead your company into the future.

Courses Offered
(All FIVE courses build on each other in order):

Course 1:
Introduction to Financial Accounting (THIS COURSE)

Course 2: Introduction to Managerial Accounting

Course 3: Advanced Financial Accounting (NEW)

Course 4: Advanced Managerial Accounting (NEW)

Course 5: Accounting Capstone (NEW)

  • Developed and used at the #1 Accounting University in the World   

  • Discussed in Wired Magazine, Gigaom, & New York Times

  • Professor Norm Nemrow, self-made millionaire and the recipient of the National Points of Light Service Award from President Bush and teacher of the year at BYU EVERY YEAR the award was offered.

    Let’s be honest, accounting has a negative stigma attached to it. Why? Because mainstream accounting education teaches students how to be nothing more than bean counters. Talk about boring! We take a different approach; a better approach. In a nutshell, we teach students how to become business decision makers. Our goal is to give business leaders and entrepreneurs the necessary tools so they can unleash their ideas and be successful in the open business market. Accounting is the language of business and an entrepreneur with a solid understanding of the fundamental principles of accounting can run a business and solve problems better than competitors who fail to learn these crucial concepts. So join us in this exciting educational experience that will enrich your life and give you the competitive edge in your business.

Who this course is for:
  • Students, Entrepreneurs, and anyone who wants to take control of their financial future
Course content
Expand all 60 lectures 25:19:02
+ Introduction to Financial Accounting
4 lectures 01:21:20
Debt vs. Equity Financing | Financial vs. Managerial Accounting
Legal Forms of Business Ownership | Corporate Governance |Business is Good
+ General Purpose Financial Statements
4 lectures 03:06:46
Introduction to the Financial Statements |Balance Sheet | Stephen's Sweet Shop
The Income Statement | Revenues Defined | Expenses Defined
Expanded Equation
Relationship of Statements | Financial Statement Formats
+ Accounting Cycle Part One
4 lectures 02:43:43
Asset Valuation
Debits & Credits | Journal Entry Examples
Posting to the General Ledger
Trial Balance: What and Why? | Income Statement |Statement of Retained Earnings
+ Accounting Cycle Part Two
5 lectures 02:14:26
Common Ending Account Balances
Accrual Basis Accounting | Revenue Recognition Principle | Accrual vs Cash Basis
Adjusting Entries | Prepaid Expense Examples | Unrecorded Expenses and Revenues
Closing entries | Real vs. Nominal Accounts | Closing Entry Example
Account Analysis Examples
+ Financial Practice Set
9 lectures 02:02:32
Financial Practice Set - Introduction and Objectives
Financial Practice Set form
28 pages
Purpose of Exercise, Business Information, Requirement, Enclosures
Enclosures Continued, Subsidiary Ledger, Record Transaction, Special Journals
Using a Special Journal
Transactions Continued, General Journal, Trial Balance, Conclusion
Transactions continued, General Journal, Trial balance,
Financial Practice Set Solution
22 pages
+ Sales Revenues
2 lectures 01:13:57
Sales Revenue
Accounting for Uncollectible Accounts
+ Inventory
6 lectures 02:34:34
Introduction to Accounting for Inventory
Purchase Discounts and Returns of Inventory
Inventory Cost Flows
Effects of Inflation and Deflation
Application of FIFO, LIFO, MWA
Physical Inventory Count and Recap
+ Operating Expenses and Internal Controls
4 lectures 01:22:42
Income Statement Format
Payroll Tax
Other Operating Expenses
Internal Controls
+ Long Term Operating Assets
9 lectures 02:29:05
Introduction to Long-Term Assets
Acquisition of an Asset
Allocation of the Cost of an Asset (expense over useful life)
Repairs, Maintenance and Improvements of Assets
Sale or Disposal of Asset
Practice Problems: Long-Term Assets
Intangible Assets
Natural Resources and Practice Questions