Learn Basic Accounting Fast & Easy!

Wouldn’t it be great if learning basic accounting was fast and easy? That’s what this 38-minute course is all about.
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3,330 students enrolled
Instructed by Logan Musil Business / Finance
Free
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  • Lectures 14
  • Contents Video: 38 mins
  • 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 10/2014 English

Course Description

Wouldn’t it be great if learning basic accounting was fast and easy?

That’s what this course is all about.

This course offers students, business owners, and bookkeepers resources that help you learn accounting quickly and easily.

We have a short series of bite-sized video lessons along with a course handout. In just 38 minutes, we use color-coded visuals, simple illustrations, and step-by-step walkthroughs to learn the most important basic accounting concepts.

ACCOUNTING IN 38 MINUTES COURSE OUTLINE:

·Accounting in 38 Minutes Course Intro (video 1 of 14)

PURPOSE OF ACCOUNTING –

·Purpose of Accounting (video 2 of 14)

We spend a moment to cover the overall purpose of accounting. Everything else builds on this.

A TEAM POINTS ANALOGY –

    ·Accounts & Ledgers ( ~ A Team Points Analogy ~ ) (video 3 of 14)

    ·Double-Entry Accounting ( ~ A Team Points Analogy ~ ) (video 4 of 14)

    ·The Accounting Equation ( ~ A Team Points Analogy ~ ) (video 5 of 14)

    ·Financial Statements ( ~ A Team Points Analogy ~ ) (video 6 of 14)

Videos 3-6. We learn the basics of accounting by building on what you already know how to do – track points earned by a team and its players for games played in a season. Before you know it, you’ve learned the concept of accounts, ledgers, double-entry accounting, and the accounting equation. At this point we’re ready to dive in to real-world accounting.

REAL-WORLD ACCOUNTING –

    ·Accounts & Ledgers, Double-Entry Accounting, & The Accounting Equation (video 7 of 14)

    ·How to Record Transactions using the Accounting Equation & Double-Entry Accounting (video 8 of 14)

    ·How to Prepare Financial Statements (Balance Sheet & Income Statement) (video 9 of 14)

    ·General Ledger Accounts & the Chart of Accounts (video 10 of 14)

Videos 7-10. With the Team Points Analogy fresh on our minds at the end of video 6, we transition to real-world accounting. (1) Overall team points, (2) points scored by your teammates, and (3) points scored by you become (1) assets, (2) liabilities (debts), and (3) owners’ equity. Each of these accounting terms are illustrated with simple definitions and examples. Armed with the understanding of what these terms represent and how they fit together, we learn how to record real-world business transactions. We also learn how to prepare the most important financial statements, to show summaries of the business transactions we’ve recorded over time.

DEBITS & CREDITS –

    ·Intro to Debits & Credits (video 11 of 14)

    ·How to use Debits & Credits to Record Transactions & Prepare Financial Statements (Balance Sheet & Income Statement) (video 12 of 14)

    ·Debits & Credits – Quick Reference (video 13 of 14)

Videos 11 – 14. Videos 2-10 gave us a solid grasp of core accounting topics using plusses and minuses. By video 11 we’re ready to learn how to use debits and credits to record business transactions, rather than plusses and minuses. We see that preparing the financial statements from debits and credits is very easy business. We conclude with a quick reference chart for debits and credits that makes it easy to recall how to use debits and credits to record every type of transaction.

CONGRATULATIONS –

·Congratulations, Course Summary, & Links (video 14 of 14)

What are the requirements?

  • There are no prerequisites for this course.

What am I going to get from this course?

  • Understand the purpose of accounting
  • Understand assets, liabilities, owners’ equity, and how these fit together on the balance sheet
  • Understand revenues, expenses, net income, and how these fit together on the income statement
  • Understand accounts & ledgers, double-entry accounting, the accounting equation, and financial statements
  • Understand how to record transactions using the accounting equation & double-entry accounting
  • Understand how to prepare financial statements
  • Understand general ledger accounts & the chart of accounts
  • Understand how to use debits & credits to record transactions & prepare financial statements

What is the target audience?

  • This course is for students, business owners, and bookkeepers who want free resources that help you learn basic accounting quickly and easily.

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.

Curriculum

Section 1: ACCOUNTING IN 38 MINUTES COURSE INTRO
Accounting in 38 Minutes Course Intro
00:40
Section 2: PURPOSE OF ACCOUNTING
01:22

We spend a moment to cover the overall purpose of accounting. Everything else builds on this.

Section 3: A TEAM POINTS ANALOGY
01:42

Videos 3-6. We learn the basics of accounting by building on what you already know how to do – track points earned by a team and its players for games played in a season. Before you know it, you’ve learned the concept of accounts, ledgers, double-entry accounting, and the accounting equation. At this point we’re ready to dive in to real-world accounting.

01:09

Videos 3-6. We learn the basics of accounting by building on what you already know how to do – track points earned by a team and its players for games played in a season. Before you know it, you’ve learned the concept of accounts, ledgers, double-entry accounting, and the accounting equation. At this point we’re ready to dive in to real-world accounting.

01:04

Videos 3-6. We learn the basics of accounting by building on what you already know how to do – track points earned by a team and its players for games played in a season. Before you know it, you’ve learned the concept of accounts, ledgers, double-entry accounting, and the accounting equation. At this point we’re ready to dive in to real-world accounting.

01:48

Videos 3-6. We learn the basics of accounting by building on what you already know how to do – track points earned by a team and its players for games played in a season. Before you know it, you’ve learned the concept of accounts, ledgers, double-entry accounting, and the accounting equation. At this point we’re ready to dive in to real-world accounting.

Section 4: REAL-WORLD ACCOUNTING
02:00

Videos 7-10. With the Team Points Analogy fresh on our minds at the end of video 6, we transition to real-world accounting. (1) Overall team points, (2) points scored by your teammates, and (3) points scored by you become (1) assets, (2) liabilities (debts), and (3) owners’ equity. Each of these accounting terms are illustrated with simple definitions and examples. Armed with the understanding of what these terms represent and how they fit together, we learn how to record real-world business transactions. We also learn how to prepare the most important financial statements, to show summaries of the business transactions we’ve recorded over time.

10:01

Videos 7-10. With the Team Points Analogy fresh on our minds at the end of video 6, we transition to real-world accounting. (1) Overall team points, (2) points scored by your teammates, and (3) points scored by you become (1) assets, (2) liabilities (debts), and (3) owners’ equity. Each of these accounting terms are illustrated with simple definitions and examples. Armed with the understanding of what these terms represent and how they fit together, we learn how to record real-world business transactions. We also learn how to prepare the most important financial statements, to show summaries of the business transactions we’ve recorded over time.

03:15

Videos 7-10. With the Team Points Analogy fresh on our minds at the end of video 6, we transition to real-world accounting. (1) Overall team points, (2) points scored by your teammates, and (3) points scored by you become (1) assets, (2) liabilities (debts), and (3) owners’ equity. Each of these accounting terms are illustrated with simple definitions and examples. Armed with the understanding of what these terms represent and how they fit together, we learn how to record real-world business transactions. We also learn how to prepare the most important financial statements, to show summaries of the business transactions we’ve recorded over time.

01:39

Videos 7-10. With the Team Points Analogy fresh on our minds at the end of video 6, we transition to real-world accounting. (1) Overall team points, (2) points scored by your teammates, and (3) points scored by you become (1) assets, (2) liabilities (debts), and (3) owners’ equity. Each of these accounting terms are illustrated with simple definitions and examples. Armed with the understanding of what these terms represent and how they fit together, we learn how to record real-world business transactions. We also learn how to prepare the most important financial statements, to show summaries of the business transactions we’ve recorded over time.

Section 5: DEBITS & CREDITS
04:56

Videos 11 – 14. Videos 2-10 gave us a solid grasp of core accounting topics using plusses and minuses. By video 11 we’re ready to learn how to use debits and credits to record business transactions, rather than plusses and minuses. We see that preparing the financial statements from debits and credits is very easy business. We conclude with a quick reference chart for debits and credits that makes it easy to recall how to use debits and credits to record every type of transaction.

06:55

Videos 11 – 14. Videos 2-10 gave us a solid grasp of core accounting topics using plusses and minuses. By video 11 we’re ready to learn how to use debits and credits to record business transactions, rather than plusses and minuses. We see that preparing the financial statements from debits and credits is very easy business. We conclude with a quick reference chart for debits and credits that makes it easy to recall how to use debits and credits to record every type of transaction.

00:49

Videos 11 – 14. Videos 2-10 gave us a solid grasp of core accounting topics using plusses and minuses. By video 11 we’re ready to learn how to use debits and credits to record business transactions, rather than plusses and minuses. We see that preparing the financial statements from debits and credits is very easy business. We conclude with a quick reference chart for debits and credits that makes it easy to recall how to use debits and credits to record every type of transaction.

Section 6: CONGRATULATIONS
Congratulations, Course Summary, & Links
00:28

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Instructor Biography

Logan Musil, Accounting Educator

Logan is a University Accounting Professor who makes basic accounting easy to learn. Certified Public Accountant (CPA; License AC 47891), Certified Internal Auditor (CIA; License 139167), Certified Management Accountant (CMA; License 48704). Bachelor’s of Accounting and Master’s of Accounting from the University of North Florida’s AACSB Accredited College of Business. Nine years of accounting and auditing experience. Extensive experience preparing and analyzing financial statements and underlying financial information. Broad experience auditing company financial statements for conformity with applicable financial reporting standards — evaluating audit evidence, performing analytic and detail tests on account balances, and evaluating test results in support of audit reports. In both the public and private sectors, he has enjoyed clarifying and simplifying business information.

Logan’s Accounting in 38 Minutes course offers a short series of bite-sized video lessons along with a course handout. In just 38 minutes, color-coded visuals, simple illustrations, and step-by-step walkthroughs help you master basic accounting.

Since information is power, Logan’s courses are taken at your own risk. He will not be liable for any of your future success.

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