Learn Basic Receivables Accounting – Fast & Easy!
3.3 (114 ratings)
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Learn Basic Receivables Accounting – Fast & Easy!

Color-coded visuals, simple illustrations, and step-by-step walkthroughs help you master cash & receivables accounting.
3.3 (114 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.
3,713 students enrolled
Created by Logan Musil
Last updated 12/2014
English
Price: Free
Includes:
  • 32 mins on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • 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
View Curriculum
Requirements
  • There are no prerequisites for this 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

Who 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.
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Curriculum For This Course
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Course Intro
1 Lecture 01:45
Course Intro
01:45
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How to account for cash
2 Lectures 10:49
Introduction to Cash Accounting
02:44

How to prepare a bank reconciliation
08:05
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How to account for accounts receivable
1 Lecture 13:28
How to account for accounts receivable
13:28
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How to account for notes receivable
1 Lecture 05:24
How to account for notes receivable
05:24
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Congratulations & Course Summary
1 Lecture 01:04
Congratulations & Course Summary
01:04
About the Instructor
Logan Musil
4.2 Average rating
441 Reviews
7,927 Students
4 Courses
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.