Introduction to Accounting: The Language of Business
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This course is the identical material used in Accounting 200 (introductory accounting) at Brigham Young University, which is often cited as the #1 accounting program in the United States and World (London Financial Times 2013). Taught by the award winning professor and selfmade millionaire, Norm Nemrow, this course will teach you the fundamentals of financial accounting better and more effectively than any course available today. We have run nearly 100,000 students through our courses over the last decade and now we making one of our main courses available on Udemy for FREE.
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·Developed and used at the #1 accounting university in the World
·Mentioned in Wired Magazine, Gigaom, & New York Times
Let’s be honest, accounting has a negative stigma attached to it. Why? Because mainstream accounting education teaches students how to be nothing more than bean counters. Boring! We take a different approach; a better approach. In a nutshell, we teach students how to become business decision makers. Our goal is to give entrepreneurs the necessary tools so they can unleash their ideas and be successful in the open business market. Accounting is the language of business and a entrepreneur with a solid understanding of the fundamental principles of accounting can run a business and solve problems better than competitors who fail to learn these crucial concepts.
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Section 1: Introduction to Financial Accounting  

Lecture 1 
Introduction and Objectives

Article  
Lecture 2 
Speed Note

1 page  
Lecture 3 
What is a Business, Keys to a Successful Business, Debt vs Equity Financing

11:07  
Lecture 4 
Equity Financing, Financial and Managerial Accounting

16:29  
Lecture 5 
Quiz Notification

1 page  
Lecture 6 
GP financial Stmts., Importance of Comparable Info, GAAP, SEC, AICPA, FASB,

17:56  
Lecture 7 
International GAAP, Importance of Credible Information

09:24  
Lecture 8  00:55  
Problem #1  Answer 

Lecture 9 
Problem  General Accounting Questions  Question

1 page  
Lecture 10 
Problem  General Accounting Questions  Answer

2 pages  
Lecture 11 
Problem  Problem 1 General Accounting Questions  Walk Through

03:10  
Lecture 12 
Problem  More General Accounting Questions

00:05  
Lecture 13 
Problem  More General Accounting Questions  Question

1 page  
Lecture 14 
Problem  More General Accounting Questions  Answer

2 pages  
Lecture 15 
Problem  More General Accounting Questions  Walk Through

03:32  
Lecture 16 
Problem  MiniScribe Fraud

00:06  
Lecture 17 
Problem  MiniScribe Fraud  Question

4 pages  
Lecture 18 
Problem  MiniScribe Fraud  Answer

1 page  
Lecture 19 
Problem  MiniScribe Fraud  Walk Through

06:55  
Lecture 20 
What CPA's do, An Accounting Education, Legal Forms of a biz, Proprietorship

16:48  
Lecture 21 
Partnerships, Corporations, Corporate Governance , Business is Good.

14:25  
Section 2: General Purpose Financial Statements  
Lecture 22 
Introduction and Objectives

Article  
Lecture 23 
Speed Note

1 page  
Lecture 24 
Intro to Financial Statements, Assets, Liabilities, & Owners Equity Defined

19:24  
Lecture 25 
Stephen's Sweet Shot

18:45  
Lecture 26 
Problem  Defined Terms  Introduction

00:10  
Lecture 27 
Problem  Defined Terms  Question

1 page  
Lecture 28 
Problem  Defined Terms  Hint

01:40  
Lecture 29 
Problem  Defined Terms  Answer

5 pages  
Lecture 30 
Problem  Defined Terms  Walk Through

03:58  
Lecture 31 
The Income Statement, Expenses Defined, Revenues Defined

14:55  
Lecture 32 
Quiz Notification

1 page  
Lecture 33 
Problem  Definitions  Introduction

00:11  
Lecture 34 
Problem  Definitions  Question

2 pages  
Lecture 35 
Problem  Definitions  Hint

02:08  
Lecture 36 
Problem  Definitions  Answer

4 pages  
Lecture 37 
Problem  Definitions  Walk Through

04:54  
Lecture 38 
Expanded Equation

15:41  
Lecture 39 
Problem Introduction

00:54  
Lecture 40 
Problem  Expanded Equation  Question

1 page  
Lecture 41 
Problem  Expanded Equation  Hint

03:21  
Lecture 42 
Problem  Expanded Equation  Answer

1 page  
Lecture 43 
Problem  Expanded Equation  Walk Through

07:15  
Lecture 44 
Problem  Expanded Equation Two  Introduction

00:20  
Lecture 45 
Problem  Expanded Equation Two  Question

1 page  
Lecture 46 
Problem  Expanded Equation Two  Hint

01:32  
Lecture 47 
Problem  Expanded Equation Two  Answer

1 page  
Lecture 48 
Problem  Expanded Equation Two  Walk Through

03:37  
Lecture 49 
Relationship of Statements

08:04  
Lecture 50 
Fin. Stmts. Formats, Balance Sheet, Retained Earnings, Income Stmts, Stmts of CF

19:51  
Lecture 51 
Problem  Statement Formats  Introduction

00:50  
Lecture 52 
Problem  Statement Formats  Question

1 page  
Lecture 53 
Problem  Statement Formats  Hint

02:57  
Lecture 54 
Problem  Statement Formats  Answer

3 pages  
Lecture 55 
Problem  Statement Formats  Walk Through

08:50  
Section 3: Accounting Cycle Part One  
Lecture 56 
Introduction and Objectives

Article  
Lecture 57 
Speed Note

1 page  
Lecture 58 
Asset Valuation Topics, Accounting system

15:58  
Lecture 59 
Accounting Systems Continued, Debits and Credits, Journal Entry Examples

15:32  
Lecture 60 
More Journal Entry Examples, Bank's perspective on Cash

17:09  
Lecture 61 
Problem  Prepping Journal Entries  Introduction

01:20  
Lecture 62 
Problem  Prepping Journal Entries  Question

2 pages  
Lecture 63 
Problem  Prepping Journal Entrires  Answer

3 pages  
Lecture 64 
Problem  Prepping Journal Entrires  Walk Through

20:30  
Lecture 65 
Posting to General Ledger

05:53  
Lecture 66 
Problem  Posting to General Ledger  Introduction

02:02  
Lecture 67 
Problem  Posting to General Ledger  Question

1 page  
Lecture 68 
Problem  Posting to General Ledger  Answer

6 pages  
Lecture 69 
Problem  Posting to General Ledger  Walk Through

01:42  
Lecture 70 
Trial Balance  What and Why?

03:24  
Lecture 71 
Problem  Preparing a Trial Balance  Introduction

00:31  
Lecture 72 
Problem  Preparing a Trial Balance  Question

5 pages  
Lecture 73 
Problem  Preparing a Trial Balance  Answer

1 page  
Lecture 74 
Problem  Preparing a Trial Balance  Hint

00:46  
Lecture 75 
Problem  Preparing a Trial Balance  Walk Through

00:40  
Lecture 76 
Preparing the Financial Statements

06:20  
Lecture 77 
Problem  Preparing Financial Statements  Introduction

00:37  
Lecture 78 
Problem  Preparing Financial Statements  Question

2 pages  
Lecture 79 
Problem  Preparing Financial Statements  Hint

01:04  
Lecture 80 
Problem  Preparing Financial Statements  Answer

3 pages  
Lecture 81 
Problem  Preparing Financial Statements  Walk Through

05:17  
Lecture 82 
Lesson Summary

01:06  
Section 4: Accounting Cycle Part Two  
Lecture 83 
Introduction and Objectives

Article  
Lecture 84 
Speed Note

1 page  
Lecture 85 
Introduction to Lesson, Common Ending Accounting Balances

07:25  
Lecture 86 
Problem  Common Accounting Balances  Introduction

00:14  
Lecture 87 
Problem  Common Accounting Balances  Question

2 pages  
Lecture 88 
Problem  Common Accounting Balances  Answer

2 pages  
Lecture 89 
Problem  Common Accounting Balances  Walk Through

03:12  
Lecture 90 
Steps of Acc System, Accrual Basis Accounting, Accrual vs Cash example

14:01  
Lecture 91 
Adjusting Entries, Prepaid Expense Examples

12:33  
Lecture 92 
Problem  Adjusting Entries  Introduction

00:12  
Lecture 93 
Problem  Adjusting Entries  Question

3 pages  
Lecture 94 
Problem  Adjusting Entries  Hint

02:11  
Lecture 95 
Problem  Adjusting Entries  Answer

3 pages  
Lecture 96 
Problem  Adjusting Entries  Walk Through

04:52 
Professor Nemrow is internationally recognized for his excellence in teaching and his commitment to charitable service.
In 1979, following graduation with a Masters of Accountancy degree from BYU, Professor Nemrow began his business career with Arthur Andersen & Company in Orange County, California, where he practiced as a CPA for three years before leaving to join a startup real estate investment company. As Chief Financial Officer and then President of that company he helped manage its nationwide growth in apartment ownership to over 11,000 units before negotiating the successful sale of the business in 1985 and retiring at the age of 30. During that time he also taught as an Associate Professor at the Pepperdine University Graduate School of Management.
In 1991, Professor Nemrow and his family moved back to Utah where he took a fulltime teaching position on a volunteer basis at BYU’s School of Accountancy. He taught in that capacity until retiring in 2011. During his teaching career Professor Nemrow received numerous teaching awards and was twice voted by the BYU graduating class as “The Overall Best Teacher at BYU”.
In addition, he was a founding Board member of Habitat for Humanity of Utah County and received the Governor’s Points of Light Service Award as well as the National Points of Light Service Award from President George W. Bush.
He currently resides in Provo, Utah with his wife Cindy. He and Cindy are the parents of 5 children. Norm spends most of his time devoted to community service and philanthropic endeavors.