Learn Basic Cash & Receivables Accounting – Fast & Easy!

Color-coded visuals, simple illustrations, and step-by-step walkthroughs help you master cash & receivables accounting.
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3,603 students enrolled
Instructed by Logan Musil Business / Finance
Free
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  • Lectures 6
  • Contents Video: 32 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 12/2014 English

Course Description

Wouldn’t it be great if learning basic cash & receivables 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 master basic cash & receivables accounting. The course offers bite-sized video lessons along with a course handout. Color-coded visuals, simple illustrations, and step-by-step walkthroughs help you master the concepts quickly and easily.

Please feel free to post a comment or question, and I’ll be happy to respond. Hope you enjoy the course!

Logan Musil

At the end of the course, you will be able to…

Understand the purpose of accounting for cash

Understand instruments defined as cash

Understand where cash is reported in the financial statements

Prepare a bank reconciliation

Describe accounts receivable

Describe Bad Debt Expense

Describe Customer account write-off

Account for accounts receivable upon sales of goods & services

Describe where receivables are reported in the financial statements

Account for uncollectible accounts using the Direct Write-off Method

Account for uncollectible accounts using the Allowance Method

Understand the allowance method equation for net realizable value

Calculate estimated uncollectible accounts using the Percentage of Sales Method

Calculate estimated uncollectible accounts using the Aging Method

Record the write off of uncollectible accounts using the allowance method

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 for cash
  • Understand instruments defined as cash
  • Understand where cash is reported in the financial statements
  • Prepare a bank reconciliation
  • Describe accounts receivable
  • Describe Bad Debt Expense
  • Describe Customer account write-off
  • Account for accounts receivable upon sales of goods & services
  • Describe where receivables are reported in the financial statements
  • Account for uncollectible accounts using the Direct Write-off Method
  • Account for uncollectible accounts using the Allowance Method
  • Understand the allowance method equation for net realizable value
  • Calculate estimated uncollectible accounts using the Percentage of Sales Method
  • Calculate estimated uncollectible accounts using the Aging Method
  • Record the write off of uncollectible accounts using the allowance method
  • Account for notes receivable

What is the target audience?

  • This course is for students, business owners, and bookkeepers who want resources that help you learn basic cash and receivables 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: Course Intro
Course Intro
01:45
Section 2: How to account for cash
Introduction to Cash Accounting
02:44
How to prepare a bank reconciliation
08:05
Section 3: How to account for accounts receivable
How to account for accounts receivable
13:28
Section 4: How to account for notes receivable
How to account for notes receivable
05:24
Section 5: Congratulations & Course Summary
Congratulations & Course Summary
01:04

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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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