Learn Accounting. Understand Business.
4.3 (125 ratings)
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Learn Accounting. Understand Business.

Developing a Business Mindset through the Application of Accounting Concepts
4.3 (125 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.
5,581 students enrolled
Created by Calvin Liu
Last updated 10/2015
English
Current price: $199 Original price: $200 Discount: 0% off
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • 18 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • 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.
View Curriculum
Requirements
  • No previous knowledge required
  • A learning attitude
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.

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
Curriculum For This Course
33 Lectures
05:26:35
+
Introduction to Accounting
4 Lectures 12:26

Introduction to the Course Text
2 pages


Basics of Accounting Text
5 pages
+
Business Essentials- The Early Stages
4 Lectures 17:06
Cash Vs Accrual Basis
07:21

Cash Vs Accrual Basis Text
3 pages

Accounting Cycle
09:45

Accounting Cycle Text
10 pages
+
Technical Theory
12 Lectures 55:10
Managing Inventory
10:18

Managing Inventory Text
16 pages

Accounting for Sales
09:30

Accounting for Sales Text
7 pages

Reconciling Cash
07:33

Reconciling Cash Text
5 pages

Accounting for Payroll
04:55

Accounting for Payroll Text
2 pages

Breaking Down the Balance Sheet
16:02

Breaking Down the Balance Sheet Text
14 pages

Depreciation/Amortization
06:52

Depreciation/Amortization Text
4 pages
+
Business Essentials: The Latter Stages
8 Lectures 29:42
Trial Balance
04:39

Trial Balance Text
4 pages

Adjusting Entries
05:55

Adjusting Entries Text
4 pages

Preparing Financial Statements
16:00

Preparing Financial Statements Text
11 pages

Wrapping up the Accounting Cycle
03:08

Wrapping up the Accounting Cycle Text
3 pages
+
Analyzing Businesses
2 Lectures 10:11
Ratio Analysis
10:11

Ratio Analysis Text
6 pages
+
Course Wrap Up
3 Lectures 00:00
Course Wrap Up Test
4 pages

Course Wrap Up Test Answers
6 pages

Textbook Download
96 pages
About the Instructor
Calvin Liu
4.3 Average rating
124 Reviews
5,581 Students
1 Course
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