Accounting 101 Principles Explained
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Accounting 101 Principles Explained

A series of 17 videos describing the essential ideas typically covered in a university-level accounting principles cours
3.9 (22 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
2,847 students enrolled
Created by Rebecca Taylor
Published 1/2011
English
Accounting 101 Principles Explained
Price: Free
Includes:
  • Full lifetime access
  • Access on mobile and TV
Description

A series of 17 videos describing the essential ideas typically covered in a university-level accounting principles course. Explains basic equations; debits and credits; the journal, ledger, and trial balance; and adjusting, correcting, closing, and reversing entries.

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Curriculum For This Course
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My First Section
15 Lectures 00:00
Third in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This discusses the relationship among assets, liabilities, and equity.
Accounting 101 Part 03 Assets Liabilities Equity
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Fourth in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This discusses the relationship among revenues, expenses, and net income.
Accounting 101 Part 04 Revenue Expense Net Income
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Fifth in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This is an important video because it explains a major idea that is not typically well covered in most accounting courses! It discusses the relationship among the beginning and ending balances of, additions to, and deductions from, any element on a balance sheet.
Accounting 101 Part 05 Beginning Adds Ending Deducts
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Sixth in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This explains what debits & credits are and how they work.
Accounting 101 Part 06 Debits Credits
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Seventh in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This is an important video for students just beginning to struggle with basic journal entries. It explains a simple memory trick to recall how debits & credits work.
Accounting 101 Part 07 The Map For Debits Credits
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Eighth in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This discusses the general journal and general ledger.
Accounting 101 Part 08 Journal Ledger
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Ninth in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This discusses the trial balance and temporary accounts.
Accounting 101 Part 09 Trial Balance Temporary Accounts
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Tenth in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This explains why we need adjusting entries.
Accounting 101 Part 10 Intro to Adjusting Entries
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Eleventh in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This is an important video because it explains succinctly the logic of all possible adjusting entries. It explains how to analyze the six adjusting entry scenarios.
Accounting 101 Part 11 Grid for Adjusting Entries
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Twelfth in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This explains why deferrals are often recorded in Income Statement accounts and how that affects the adjusting entries; it also illustrates each of the six adjusting entry scenarios.
Accounting 101 Part 12 Grid for Adjusting Entries Illustrated
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Thirteenth in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This explains how errors sneak into accounting information, how to discover them and, finally, how construct correcting entries.
Accounting 101 Part 13 Correcting Entries
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Fourteenth in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This is an important video because the topic is a strong predictor of overall performance in the first year of accounting study. It demonstrates how to analyze the effects that errors have on financial reports.
Accounting 101 Part 14 Effects of Errors
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Fifteenth in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This explains closing entries.
Accounting 101 Part 15 Closing Entries
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Sixteenth in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This explains the overall process by which financial reports are constructed.
Accounting 101 Part 16 The Big Picture
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Final segment in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This explains reversing entries.
Accounting 101 Part 17 Reversing Entries
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About the Instructor
Rebecca Taylor
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