Intermediate Accounting 1: Easy. Fast. Simple!
4.5 (16 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.
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Intermediate Accounting 1: Easy. Fast. Simple!

Experience the "Aha" moment in accounting. Prepare yourself for the CPA exam.
4.5 (16 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.
144 students enrolled
Created by Stefan Ignatovski
Last updated 8/2017
Current price: $10 Original price: $200 Discount: 95% off
5 hours left at this price!
30-Day Money-Back Guarantee
  • 3 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Finally understand the concepts of accounting in a fun way, while retaining all the information.
  • Refresh their understanding of basic financial accounting concepts
  • Learn the conceptual framework of financial reporting
  • Prepare the income statement
  • Prepare the Balance Sheet
  • Prepare and present the supplementary Disclosures
  • Review the concept of Time Value of Money
  • Analyze receivables and write-off bad debts
  • Value Inventories and use the basic inventory assumptions
  • Apply the lower-of-cost-or-market
  • Prepare the statement of cash flows using the indirect method
  • Prepare the statement of cash flows using the direct method
View Curriculum
  • Basic knowledge of financial accounting
  • Detailed mindset
  • Any material or device that will allow you to take notes

(Updated as of July 2017)

~~~See why and how my videos helped over 170,000 students worldwide---

~~~Learn everything about Managerial Accounting in less than 4 hours.~~~

I believe that you should not fall asleep when learning something new. You need to be encouraged and excited instead. In order to be excited about learning, you need to understand easily. If you struggle to understand, of course you will fall asleep. I have implemented a new way of teaching. Animated videos which are easy to understand. Problem solving videos that teach you how to apply what you have learned. Learning has never been so exciting.

In this course you will find great tools used in business that will aid the decision-making process. You will be able to identify and use important accounting information, identify and analyze various alternatives (projects, investments), and choose the best.

In this course you will find everything explained with a video lecture. There are 2 types of video lectures. The first type is an animated (cartoon) video that breaks down the most difficult concepts used in business. The second type is a problem solving shared screen that will help you with the calculations and analysis, as well as your thinking process.

Depending on your commitment, this course can take you somewhere from a week to few weeks to complete. The curriculum is designed as such, so that you will retain the information you will receive.

Whether you are a business owner, manager, or a student, you will need this course. This course will provide you with great tools that will make your decisions much more informative and calculated.

Who is the target audience?
  • CPA exam takers
  • College students (MBA and Accounting)
  • Business Owners
Compare to Other Accounting Courses
Curriculum For This Course
41 Lectures
Introduction to the Course
1 Lecture 02:40
Accounting Information System - Refresher
13 Lectures 52:58
Accounting in Business

The Language of Business

Accounting Equation

Financial Statements - Basics

T-Accounts; Debits and Credits

Journalizing and Posting - Exercise

Accounts Balances

Adjusting Entries


Accrued Expenses - Adjusting, Reversing, and Paying

Accrued Revenues - Adjusting, Reversing, Payment

The Accounting Cycle
Conceptual Framework for Reporting
1 Lecture 05:43
Conceptual Framework
Income Statement; Other Income Items; Other Reporting Issues
3 Lectures 08:28
Usefulness and Limitations of Income Statement; Earnings Management

Single-Step VS. Multi-Step Income Statement

Discontinued Operations; Non-controlling Interest; Other Reporting Issues
Balance Sheet
2 Lectures 07:23

Classified Balance Sheet; Supplemental Disclosures
Time Value of Money
1 Lecture 04:56
Cash and Receivables
8 Lectures 28:13
Cash and Cash Equivalents

Petty Cash Fund

Receivables - Introduction

Valuation of Accounts Receivable (Bad Debts)

Bad Debts - Direct Write-Off Method

Bad Debts - Allowance Method (Percentage of Sales)

Bad Debts - Allowance Method (Aging Receivables)

Internal Controls - Basics
8 Lectures 50:32
Merchandising Companies

Merchandising - Problem Solving

FIFO Problem Solving (Perpetual)

LIFO Problem Solving (Perpetual)

Average Cost Problem Solving (Perpetual)

Dollar-Value LIFO
Other Valuation Issues of Inventories
2 Lectures 06:22
Lower of Cost or Market

Gross Profit Method
Statement Of Cash Flows
2 Lectures 21:54
SCF Indirect Method

SCF - Direct Method
About the Instructor
Stefan Ignatovski
4.4 Average rating
543 Reviews
7,131 Students
9 Courses
Helped Over 170,000 Students Worldwide

An Accounting Professor, Investor and Entrepreneur who teaches at multiple colleges in the US, including University of Washington. Stefan has also established multiple companies and invested in multiple start-up companies. Additionally, he is the author of the book "What College Didn't Teach You!". His area of expertise is concentrated in Accounting Forensics, which focuses on financial fraud, creative accounting, and anti-money laundering.

In every course Stefan makes, you will find the difference in teaching. He has his own way of creating interesting videos (less than 5 minutes, of course!) in which you will find everything you need to know about a specific topic. The DIFFERENCE is that his videos are fun to watch and will give you the desired "Aha!" moment. You will never forget the information, since each one is very descriptive. Visit the twitter profile for interesting updates.

Stefan's classes are very dynamic and make you eager to learn!