Learn Accounting. Understand Business.

Developing a Business Mindset through the Application of Accounting Concepts
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Instructed by Calvin Liu Business / Finance
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  • Lectures 33
  • Length 5.5 hours
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 3/2014 English

Course Description

Understanding Accounting is Understanding Business.

Take a minute and think about the world we live in today. Whether it is social media, sport teams, non-profits, or local mom and pop shops- all of these are individuals, like me and you, creating a business and delivering it to the masses. Regardless of your background, you are immersed in a world of business. A foundation in accounting can help you navigate the complexities and develop a new perspective on the world we live in. Accounting is the language of business and in its simplest form, accounting is a platform that allows businesses to record transactions.

Business and accounting come hand in hand. You cannot have one without the other. This course seeks to teach you basic accounting principles through a business lense. By the end of this course, you will understand key accounting concepts that are universally applicable to all businesses. In turn, you will be able to apply these concepts to:

  • Streamline your Small Business
  • Improve Investing/Analytical Skills
  • Manage Personal Finances
  • Develop Bookkeeping Principles
  • Understand Business Operations

About the Course

This beginner course is a 15 chapter series of video lectures and textbook with an emphasis on financial accounting. It is imperative that you utilize both to get the most of the course.

It is designed to make accounting as simple and relevant as possible. Many other courses will have lessons on regulatory agencies or governmental accounting, however, this course purposely leaves those out. Frankly, unless you want to become a CPA, that information is too specialized and you simply will never use it. This course focuses only on concepts that can be applicable to your every day life.

The course starts with an overview of accounting and business concepts and then dives into technical theory. After going over technical concepts, it then takes a step back and shows how the technical theory relates to business operations. Lastly, it concludes with a chapter on utilizing technical theory to analyze companies.

What are the requirements?

  • No previous knowledge required
  • A learning attitude

What am I going to get from this course?

  • By the end of this course, you will understand basic accounting principles universal to all businesses. In turn, you will be able to apply these concepts to your unique situation.

Who is the target audience?

  • People with little to no business or accounting experience
  • People seeking to explore a career in the business/finance/accounting industry
  • People seeking to improve personal finances
  • People seeking to turn a hobby into a career
  • Students/Professionals
  • Small business owners

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Introduction to Accounting
Introduction to the Course
Introduction to the Course Text
2 pages
Basics of Accounting
Basics of Accounting Text
5 pages
Section 2: Business Essentials- The Early Stages
Cash Vs Accrual Basis
Cash Vs Accrual Basis Text
3 pages
Accounting Cycle
Accounting Cycle Text
10 pages
Section 3: Technical Theory
Managing Inventory
Managing Inventory Text
16 pages
Accounting for Sales
Accounting for Sales Text
7 pages
Reconciling Cash
Reconciling Cash Text
5 pages
Accounting for Payroll
Accounting for Payroll Text
2 pages
Breaking Down the Balance Sheet
Breaking Down the Balance Sheet Text
14 pages
Depreciation/Amortization Text
4 pages
Section 4: Business Essentials: The Latter Stages
Trial Balance
Trial Balance Text
4 pages
Adjusting Entries
Adjusting Entries Text
4 pages
Preparing Financial Statements
Preparing Financial Statements Text
11 pages
Wrapping up the Accounting Cycle
Wrapping up the Accounting Cycle Text
3 pages
Section 5: Analyzing Businesses
Ratio Analysis
Ratio Analysis Text
6 pages
Section 6: Course Wrap Up
Course Wrap Up Test
4 pages
Course Wrap Up Test Answers
6 pages
Textbook Download
96 pages

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Instructor Biography

Calvin Liu, AcademyforAccounting, CPA, Tax Consultant

Throughout my career and personal life, I have seen the universal application of accounting. Friends, Family, Clients- all from different walks of life have sought out basic advice on how to manage their personal finances and business. Whether it's advice on managing cash flow for a start up business or advice on the impact of taking out a mortgage on a house, I quickly realized that no matter what you do for a living, sooner or later you will need to develop a foundation of accounting knowledge. It is through these experiences that I became inspired to create a course that teaches the average individual concepts that he or she can apply to his or her day to day lives.

Bio Highlights:

-Certified Public Accountant

-Founder at AcademyforAccounting

-Bachelors in Accounting from USC

-Masters in Business Taxation from USC

-Tax Consultant at one of the Big 4 Accounting Firms

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