The Basics of Business Accounting
4.8 (17 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.
91 students enrolled

The Basics of Business Accounting

Beginning to intermediate accounting for the non-finance professional
4.8 (17 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.
91 students enrolled
Created by Ray Harkins
Last updated 5/2018
English
English [Auto]
Current price: $23.99 Original price: $34.99 Discount: 31% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 2.5 hours on-demand video
  • 1 article
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • The ability to understand and interpret financial statements
  • Balance Sheets, Income Statements, Cash Flow Statements and Statements of Owners' Equity
  • The fundamentals of Accural Accounting
  • Key accounting concepts such as Depreciation, the Fundamental Accounting Equation, Revenue Recognition, Assets, Liabilities, and much more.
  • Terminology like SG&A, Amortization, Unearned Revenue, Current and Non- Current Liabilities, Fixed Assets, and much more.
Requirements
  • Basic math skills
  • General knowledge of service or manufacturing organizations
  • Analytical approach to problem solving
  • Desire to learn the fundamentals of business accounting
Description

The Basics of Business Accounting starts at the very beginning introducing the student to essential accounting principles and concepts that apply to any business or industry.  Through this course, the student will learn to interpret the key sections of the Four Main Financial Statements: the Balance Sheet, the Income Statement, the Cash Flow Statement, and the Statement of Owners' Equity.

Students will learn to apply the Fundamental Accounting Equation, and other vital accounting concepts such as depreciation, revenue recognition, accrual accounting, cash flow, and many others.

The Basics of Business Accounting will add the crucially important skills of understanding, interpreting and building financial statements to your existing business and management skill base.

"Ray has done a great job by teaching a robust approach to accounting that has ranged from its history to practical development and application." - Dion B.

Who this course is for:
  • Anyone desiring to expand their business foundation
  • Engineers, technicians, supervisors, non-financial managers, inventory specialists
  • Small business owners, manufacturing supervisors, entrepreneurs
Course content
Expand all 27 lectures 02:31:25
+ Introduction
26 lectures 02:29:37

An introduction to the Basics of Business Accounting

Preview 03:19

An overview of the entire series

02 Getting Started
02:09

Explain the nature of economic entities and why understanding them is critical t the foundation of accounting.

Preview 04:01

An introduction to balance sheets including explanations of assets, liabilities, and owners' equity, and a special section on unearned revenue.

04 The Balance Sheet, Pt 1
12:22

Start building a Balance Sheet.

05 The Balance Sheet, Pt 2
01:52

An explanation of the Fundamental Accounting Equation

06 The Balance Sheet, Pt 3
07:46

Meet the Luca Pacioli, and learn why he's honored with the moniker "The Father of Accounting".

Preview 03:17

A further explanation of debits, credits and the double entry bookkeeping system.

08 The Double Entry Bookkeeping System Explained (Optional Video)
10:08

An explanation and examples of current and non-current assets.

09 The Balance Sheet, Pt 3
09:30

What are depreciation and amortization, how are they alike, and how are they different.

10 Depreciation and Amortization
07:11

Wrapping up the assets side of the balance sheet.

11 The Balance Sheet, Pt 4
02:40

An explanation and examples of current and non-current liabilities.

12 The Balance Sheet, Pt 5
03:59

An explanation of the owners' equity portion f the balance sheet, and a look at an actual balance sheet from a publicly held company.

13 The Balance Sheet, Pt 6
14:05
Balance Sheets
3 questions

What the heck is an Income Statement?  The answer to that burning question, and much, much more.

14 The Income Statement, Pt 1
06:24

Net Sales, COGS, SG&A, Depreciation expense and more.

15 The Income Statement, Pt 2
08:25

Other Income, Gain/Loss, EBIT, net interest and more.

16 The Income Statement, Pt 3
03:54

Common-sized statements, net earnings and interpreting Income Statements.

17 The Income Statement, Pt 4
09:09
The Income Statement
3 questions

CASH.  Where is came from and where it went.

Preview 01:47

The connection between the Income Statement and the Balance Sheet.

19 The Cash Flow Statement, Pt 2
06:58

Building an Income Statement: Operating, Investing and Financing.

20 The Cash Flow Statement, Pt 3
02:32

Cash from operating activities.

21 The Cash Flow Statement, Pt 4
05:13

Cash from investing activities.

22 The Cash Flow Statement, Pt 5
01:43

Cash from financing activities.

23 The Cash Flow Statement, Pt 6
04:10
The Cash Flow Statement
3 questions

The Statement of Owners' Equity: How changes to the owners' equity portion of the balance sheet are tracked.

24 The Statement of Owners' Equity
10:36

Resources to aid your further education in accounting principles and practice

25 Where to go from here?
04:42
26 Conclusion
01:45
+ Bonus Lecture "Business Finance: A Complete Introduction"
1 lecture 01:47

A special offer to students of "The Basics of Business Accounting" ONLY

Bonus Lecture "Business Finance: A Complete Introduction"
01:47