Financial Accounting Part 2 - Passing The Class
5.0 (5 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.
19 students enrolled
Wishlisted Wishlist

Please confirm that you want to add Financial Accounting Part 2 - Passing The Class to your Wishlist.

Add to Wishlist

Financial Accounting Part 2 - Passing The Class

Master the Basics of Accounting to Pass The Class or Enhance Your Career (Textbook and Templates Included)
5.0 (5 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.
19 students enrolled
Created by Chris Severson
Last updated 6/2017
English
Current price: $10 Original price: $20 Discount: 50% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 4 hours on-demand video
  • 18 Articles
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Calculate and Record the Journal Entries for Warranties
  • Calculate and Record the Journal Entries for Payroll
  • Calculate and Record the Journal Entries for Bond Issuances
  • Amortize Bond Expense with Discounts and Premiums (Using Straight Line Amortization)
  • Amortize Bond Expense with Discounts and Premiums (Using the Effective Interest Method)
  • Prepare a Bond Amortization Schedule
  • Calculate the Price of a Bond Issuance
  • Utilize the Time Value of Money Principles For Lump Sums and Annuities
  • Understand the Concept of Operating and Capitalize Leases
  • Prepare Journal Entries for Stock Issuances
  • Prepare Journal Entries for Cash and Stock Dividends
  • Prepare Treasury Stock Journal Entries
View Curriculum
Requirements
  • It is recommended that you take the Financial Accounting I course or have a basic understanding of journal entries and normal balances of accounts. Other than that, the only requirement for this course is a desire to learn more about accounting. No specific software or textbooks are required.
Description

Accounting often referred to as the “language of business.” Whether you are going into management or actually going to be an accountant, you need to be familiar with the basics of accounting. This includes understanding the concepts of debits and credits, assets and liabilities, revenues and expenses, dividends and equity. From an investor’s perspective, the business results are communicated through the financial statements, including the income statement, statement of owner’s equity, balance sheet and statement of cash flow. These are all discussed in this course!

This course is for those students who have not had much (or any) experience in accounting and are looking to enhance their understanding of it, to either help pass a course or to enhance your business career. It is for anyone who may have felt lost in prior accounting courses and wants real life examples and a down to earth explanation, rather than something read word for word out of a textbook. Is this you? Then you are in the right place!

This course is taught by an instructor with over eleven years of training experience, including corporate training, face to face instruction, and online course development. In addition to the lectures and study material common to many other courses, this course also has a downloadable textbook/study note file, along with downloadable Excel templates paired with a lecture walking through the solution once you are done. To test your knowledge of the basic concepts we also have quizzes after each section to make sure you feel comfortable with the topic before moving on to the next one.

At the end of this course, you will have a better understanding of the mechanics of accounting, the concepts, and the goals of accounting in general. You will be able to pass that class!! Let’s get started!

Who is the target audience?
  • This accounting course is for anyone who wants to learn more about accounting. This course starts at the ground level, with no assumption that you have any prior experience. If you are taking an accounting course and are having trouble understanding the topics this course is for you. If you are looking to enhance your career by understanding more about accounting, this course is for you. This course does not get into the more advanced accounting topics, though I do have other courses for this.
Students Who Viewed This Course Also Viewed
Curriculum For This Course
36 Lectures
04:35:45
+
Welcome to Financial Accounting Part 2!
1 Lecture 02:04

Welcome to Financial Accounting Part 2. My name is Chris Severson and I will be working with you through the course. Feel free to view this introductory video as we get started!

Preview 02:04
+
Liabilities - Accounts Payables
2 Lectures 15:32

This article discusses the current liabilities known as accounts payable.

Study Notes - Accounts Payable
04:57

This video discusses the current liabilities known as accounts payable.

Preview 10:35
+
Liabilities - Warranties
4 Lectures 22:56

This video discusses the topic of warranties, including warranty expense and liabilities. 

Study Notes - Warranty Liabilities
02:47

This video discusses the current liabilities known as warranty expense and liabilities. 

Video - Warranty Liabilities
12:23

Quiz - Warranties
4 questions

This is a practice exercise that students can download and work before viewing the lecture where we walk through the solution. 

Exercise - Warranty Exercise Downloadable Spreadsheet
00:15

In this lecture, we review the practice exercise on the topic of warranty expense and liabilities and discuss the solution.  

Video - Warranty Exercise Solution Review
07:31
+
Liabilities - Payroll
2 Lectures 18:41

This video discusses the topic of payroll expenses and liabilities.

Study Notes - Payroll Liabilities
03:30

This video discusses the topic of payroll taxes and liabilities. 

Video - Payroll Liabilities
15:11
+
Liabilities - Bonds Payables
14 Lectures 02:10:58

This video discusses the terms that need to be understood in relation to bonds. 

Video - Bond Terminology
16:41

This article discusses various topics related to the issuance of bonds and creation of journal entries.

Study Notes - Bonds - Concept and Issuance
02:58

This video discusses bond concepts and the preparation of journal entries. 

Video - Bonds - Concept and Issuance
11:35

Bond Terminology
03:30

This video discusses the topic of bond amortization using straight line interest.

Video - Bonds - Amortization Using Straight Line Interest
15:46

This video discusses the topic of bond amortization under the effective interest method.

Video - Bonds - Amortization Using Effective Interest Method
14:10

Exercise - Bond Amortization and Journal Entry Exercise Downloadable Spreadsheet
00:27

In this lecture, we review the practice exercise on the topic of bond amortization and journal entries and discuss the solution.  

Video - Bond Amortization and Journal Entry Solution Review
18:00

Quiz - Bonds
3 questions

Video - Bonds - Pricing
16:36

Lecture Notes - Bond Pricing Downloadable Spreadsheet
00:23

In this lecture, we review the practice exercise on the topic of Bond Pricing and liabilities and discuss the solution.  

Video - Bond Pricing Exercise Solution Review
10:46

Video - Bonds - Retirement
09:34

Video - Contingent Liabilities
08:53

Study Notes - Contingent Liabilities
01:38
+
Liabilities - Leases
2 Lectures 19:51
Video - Liabilities - Capital and Operating Leases
15:56

Study Notes - Capital and Operating Leases
03:55
+
Equity-Stock
3 Lectures 26:04
Video - Equity - Classes of Stock (Common vs Preferred)
16:05

Lecture Notes - Retained Earnings
01:26

Video - Equity - Retained Earnings
08:33

Equity
2 questions
+
Equity - Treasury Stocks
2 Lectures 17:54
Lecture Notes - Equity-Treasury Stock
04:21

Video - Equity - Treasury Stock
13:33
+
Equity - Dividends
2 Lectures 21:03
Lecture Notes - Equity - Cash Dividends
03:41

Video - Equity - Cash Dividends
17:22
+
Stock Dividends and Stock Splits
3 Lectures 04:44
Lecture Notes - Equity Stock Splits
02:30

Lecture Notes - Stock Options
01:13

Lecture Notes - Stock Dividends
01:00
1 More Section
About the Instructor
Chris Severson
4.7 Average rating
19 Reviews
54 Students
2 Courses
Accounting Professor, Training Manager, and Course Developer

I have a Master of Professional Accountancy Degree (MPA) from the University of Nebraska-Lincoln. I have been teaching accounting part time, both face to face and online since 2008. I work as the manager of our Audit training area, managing the training plan and course development for 150 auditors nationwide. My work history includes reviewing, preparing, and presenting course material for the Becker Professional CPA Review.