Financial Accounting-Accounting Cycle
4.7 (137 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.
3,748 students enrolled

Financial Accounting-Accounting Cycle

Includes downloadable e-book in multiple formats so you can open it on your tablet or Kindle - Formats (EPUB, MOBI, PDF)
4.7 (137 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.
3,748 students enrolled
Last updated 1/2019
English
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This course includes
  • 27.5 hours on-demand video
  • 56 articles
  • 63 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Assignments
  • Certificate of Completion
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What you'll learn
  • We will discuss what accounting is and whey is it used
  • We will learn accounting concepts including accrual accounting, the revenue recognition principle, and matching principle

  • We well learn to record transaction using the accounting equation

  • We will record transactions using debits and credits
  • We will describe the adjusting process
  • We will discuss the categories of adjusting entries
  • We will create an adjusting entry worksheet
  • We will enter adjusting entries
  • We will create the financial statements from the adjusted trial balance
  • Describe what the closing process is
  • Perform closing process in one step
  • Perform closing process in two step
  • Perform closing process in four steps
  • Prepare a post closing trial balance
Requirements
  • None
Description

Includes downloadable e-book in multiple formats so you can open it on your tablet or Kindle - Formats (EPUB, MOBI, PDF).

Accounting Instruction Reference #100 is a book that sells on Amazon and is available in Kindle, Paperback, and audiobook format. Often times when we receive a book that is published on Amazon it is exiting until we find it is only in PDF format. The e-book we provide is in a format you can use on a tablet and Kindle.

The full accounting cycle including an introduction to accounting, accounting objectives, accounting methods, recording transactions using both the accounting equation and debits and credits, the adjusting process, creating financial statements, the closing process, and a comprehensive problems. 

In addition to instructional video, this course will include downloadable

•    Downloadable PDF Files

•    Excel Practice Files

•    Multiple Choice Practice Questions

•    Short Calculation Practice Questions

•    Discussion Questions

The PDF files allow us to download reference information we can use offline and as a guide to help us work through the material.

Excel practice files will be preformatted so that we can focus on the adjusting process and learning some of the basics of Excel, like addition, subtraction, and cell relationships.

Multiple choice example question helps us improve our test-taking skills by reducing the information into the size and format of multiple choice questions and discussing how to approach these questions.

Short calculation questions help us reduce problems that have some calculation down to a short format that could be used in multiple choice questions.

Discussion Question will provide an opportunity to discuss these topics with the instructor and other students, a process many students find very helpful because it allows us to see the topic from different viewpoints.

Who will we be learning from?

You will be learning from somebody who has technical experience in accounting concepts and in accounting software like QuickBooks, as well as experience teaching and putting together curriculum.

You will be learning from somebody who is a:

•    CPA – Certified Public Accountant

•    CGMA – Chartered Global Management Accountant

•    Master of Science in Taxation

•    CPS – Certifies Post-Secondary Instructor

•    Curriculum Development Export

As a practicing CPA the instructor has worked with many technical accounting issues and helped work through them and discuss them with clients of all levels.

As a CPS and professor, the instructor has taught many accounting classes and worked with many students in the fields of accounting, business, and business applications.

The instructor also has a lot of experience designing courses and learning how students learn best and how to help students achieve their objectives. Experience designing technical courses has also benefit in being able to design a course in a logical fashion and deal with problems related to technical topics and the use of software like QuickBooks Pro.

Summary of what will be covered: 

Financial Transaction:

  • We will discuss what accounting is and whey is it used

  • We will learn accounting concepts including accrual accounting, the revenue recognition principle, and matching principle.

  • We well learn to record transaction using the accounting equation

  • We will record transactions using debits and credits. 

Adjusting Process & Financial Statement Creation:

  • We will describe the adjusting process

  • We will discuss the categories of adjusting entries. 

  • We will create an adjusting entry worksheet

  • We will enter adjusting entries

  • We will create the financial statements from the adjusted trial balance. 

Closing Process: 

  • Describe what the closing process is

  • Perform closing process in one step

  • Perform closing process in two step

  • Perform closing process in four steps

  • Prepare a post closing trial balance

Who this course is for:
  • Accounting students
  • Business owner
  • Anyone who whats to learn accounting
Course content
Expand all 248 lectures 30:53:20
+ Introduction
2 lectures 09:27
Download E-book Available Formats - (EPUB, MOBI, PDF) - Works on tablet & Kindle
00:12
+ SEC 1- Accounting Objectives, Accounting Equation, & Ethics
10 lectures 54:40
2 Accounting Objectives, Accounting Equation, & Ethics
00:29
PDF - 1.11 Accounting Objectives U
00:08
102 Accounting Objectives U
09:24
Notes - Categories of Accounting – Financial Accounting & Managerial Accounting
01:48
PDF - 1.15 Double entry accounting - Accounting equation u
00:08
115 Accounting Equation
15:14
Notes - Accounting Objectives
01:28
PDF - 1.17 Lecture 3 Ethics, profession, and Generally Excepted Accounting u
00:08
150 Ethic & Profession
22:02
Notes - Ethics in Accounting
03:50
+ SEC 1- Financial Statements
10 lectures 01:09:45
3 Financial Statements
00:37
PDF - 1.18 Balance Sheet Explained u
00:08
PDF - 1.20 Income Statement Explained u
00:08
PDF - 1.23 Statement of Owner's Equity u
00:08
131 Statement of Owner's Equity
10:49
PDF - 1.15 Lecture 2 Accounting Building Blocks Ch. 1 u
00:08
132 Balance Sheet & Income Statement Relationship
23:47
Notes - Financial Statements
03:14
+ SEC 1- Accrual Method, Cash Method, Revenue & Expense Recognition
6 lectures 30:16
4 Accrual Method vs Cash Method
00:38
PDF 1.40 Lecture 5 Accounting Equation Business Transactions Involving Accounts
00:08
134 Revenue Recognition Principle
08:49
PDF - 1.14 Cash Vs Accrual u
00:08
135 Cash Method vs Accrual Method
16:19
Notes - 8 Accrual Basis and Cash Basis
04:14
+ SEC 1 - Financial Transaction Rules & Thought Process
7 lectures 26:19
5 Financial Transaction Rules & Thought Process
00:36
PDF - 1.18 Transaction rules for accounting equation u
00:08
Notes - Accounting Equation and Account Types
04:47
PDF - 1.19 Financial Transaction - How to Understand u
00:08
160 Financial Transaction Thought Process
11:52
Notes - Transaction Rules & Thought Process Using the Accounting Equation
01:00
+ SEC 1 - Recording Transactions Using Accounting Equation
8 lectures 58:11
6 Recording Transactions Using Accounting Equation
00:47
PDF - 1.20Lecture 3 Accounting Equation Business Transactions Involving Cash
00:08
165 Cash Transaction - Accounting Equation
16:25
Notes - Transactions & The Accounting Equation
04:47
PDF - 1.30 Lecture 5 Accounting Equation Business Transactions Involving Account
00:08
170 Accounts Receivable Transactions Accounting Equation
10:26
170 Accounts Payable Transactions Accounting Equation
25:22
PDF - 170 Accounts Payable Transactions Accounting Equation
00:08
+ SEC 1 - End of Section One Resources
1 lecture 02:35
Glossary (John J. Wild, 2015) Click here for videos
02:35
+ SEC 1 - Debits and Credits Defined
8 lectures 43:34
7 Debits & Credits Defined
00:42
PDF - 2.05 Double entry accounting Debits and Credits - Accounting equation u
00:08
205 Debits & Credits
15:49
Notes - What are Debits and Credits
03:40
PDF - 2.06 Debit Credit - One Rule To Rule Them u
00:08
210 Rules for Using Debits & Credits
18:27
Notes - Account Types Normal Balances
01:54
Note - Define Account Types and List Accounts by Account Type
02:45
Compare general ledger and a chart of accounts.
Discussion Question - Debits and Credits
1 question