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Introduction to Accounting: The Language of Business

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Learn Accounting and the Language of Business from the #1 accounting university in the world.

11,757 students enrolled

- 9 hours on-demand video
- 5 Articles
- 46 Supplemental Resources
- Full lifetime access
- Access on mobile and TV

- Certificate of Completion

What Will I Learn?

- You will learn the language of business through accounting fundamentals

Requirements

- Elementary math skills (i.e., basic addition subtraction, multiplication, & division)

Description

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 self-made 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.

** ·5 out of 5 rating on Facebook with 250+ reviews **

** ·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.

Who is the target audience?

- Students, Entrepreneurs, and anyone who wants to take control of their financial future

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Curriculum For This Course

Expand All 134 Lectures
Collapse All 134 Lectures
11:20:56

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Introduction to Financial Accounting
21 Lectures
01:41:57

Introduction and Objectives

01:05

Speed Note

1 page

Equity Financing, Financial and Managerial Accounting

16:29

Quiz Notification

1 page

GP financial Stmts., Importance of Comparable Info, GAAP, SEC, AICPA, FASB,

17:56

International GAAP, Importance of Credible Information

09:24

Problem #1 - Answer

Problem - General Accounting Questions - Introduction

00:55

Problem - General Accounting Questions - Question

1 page

Problem - General Accounting Questions - Answer

2 pages

Problem - Problem 1 General Accounting Questions - Walk Through

03:10

Problem - More General Accounting Questions

00:05

Problem - More General Accounting Questions - Question

1 page

Problem - More General Accounting Questions - Answer

2 pages

Problem - More General Accounting Questions - Walk Through

03:32

Problem - MiniScribe Fraud

00:06

Problem - MiniScribe Fraud - Question

4 pages

Problem - MiniScribe Fraud - Answer

1 page

Problem - MiniScribe Fraud - Walk Through

06:55

What CPA's do, An Accounting Education, Legal Forms of a biz, Proprietorship

16:48

Partnerships, Corporations, Corporate Governance , Business is Good.

14:25

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General Purpose Financial Statements
34 Lectures
02:19:54

Introduction and Objectives

00:37

Speed Note

1 page

Intro to Financial Statements, Assets, Liabilities, & Owners Equity Defined

19:24

Stephen's Sweet Shot

18:45

Problem - Defined Terms - Introduction

00:10

Problem - Defined Terms - Question

1 page

Problem - Defined Terms - Hint

01:40

Problem - Defined Terms - Answer

5 pages

Problem - Defined Terms - Walk Through

03:58

The Income Statement, Expenses Defined, Revenues Defined

14:55

Quiz Notification

1 page

Problem - Definitions - Introduction

00:11

Problem - Definitions - Question

2 pages

Problem - Definitions - Hint

02:08

Problem - Definitions - Answer

4 pages

Problem - Definitions - Walk Through

04:54

Expanded Equation

15:41

Problem Introduction

00:54

Problem - Expanded Equation - Question

1 page

Problem - Expanded Equation - Hint

03:21

Problem - Expanded Equation - Answer

1 page

Problem - Expanded Equation - Walk Through

07:15

Problem - Expanded Equation Two - Introduction

00:20

Problem - Expanded Equation Two - Question

1 page

Problem - Expanded Equation Two - Hint

01:32

Problem - Expanded Equation Two - Answer

1 page

Problem - Expanded Equation Two - Walk Through

03:37

Relationship of Statements

08:04

Fin. Stmts. Formats, Balance Sheet, Retained Earnings, Income Stmts, Stmts of CF

19:51

Problem - Statement Formats - Introduction

00:50

Problem - Statement Formats - Question

1 page

Problem - Statement Formats - Hint

02:57

Problem - Statement Formats - Answer

3 pages

Problem - Statement Formats - Walk Through

08:50

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Accounting Cycle Part One
27 Lectures
01:40:30

Introduction and Objectives

00:39

Speed Note

1 page

Asset Valuation Topics, Accounting system

15:58

Accounting Systems Continued, Debits and Credits, Journal Entry Examples

15:32

More Journal Entry Examples, Bank's perspective on Cash

17:09

Problem - Prepping Journal Entries - Introduction

01:20

Problem - Prepping Journal Entries - Question

2 pages

Problem - Prepping Journal Entrires - Answer

3 pages

Problem - Prepping Journal Entrires - Walk Through

20:30

Posting to General Ledger

05:53

Problem - Posting to General Ledger - Introduction

02:02

Problem - Posting to General Ledger - Question

1 page

Problem - Posting to General Ledger - Answer

6 pages

Problem - Posting to General Ledger - Walk Through

01:42

Trial Balance - What and Why?

03:24

Problem - Preparing a Trial Balance - Introduction

00:31

Problem - Preparing a Trial Balance - Question

5 pages

Problem - Preparing a Trial Balance - Answer

1 page

Problem - Preparing a Trial Balance - Hint

00:46

Problem - Preparing a Trial Balance - Walk Through

00:40

Preparing the Financial Statements

06:20

Problem - Preparing Financial Statements - Introduction

00:37

Problem - Preparing Financial Statements - Question

2 pages

Problem - Preparing Financial Statements - Hint

01:04

Problem - Preparing Financial Statements - Answer

3 pages

Problem - Preparing Financial Statements - Walk Through

05:17

Lesson Summary

01:06

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Accounting Cycle Part Two
43 Lectures
01:58:46

Introduction and Objectives

00:38

Speed Note

1 page

Introduction to Lesson, Common Ending Accounting Balances

07:25

Problem - Common Accounting Balances - Introduction

00:14

Problem - Common Accounting Balances - Question

2 pages

Problem - Common Accounting Balances - Answer

2 pages

Problem - Common Accounting Balances - Walk Through

03:12

Steps of Acc System, Accrual Basis Accounting, Accrual vs Cash example

14:01

Adjusting Entries, Prepaid Expense Examples

12:33

Problem - Adjusting Entries - Introduction

00:12

Problem - Adjusting Entries - Question

3 pages

Problem - Adjusting Entries - Hint

02:11

Problem - Adjusting Entries - Answer

3 pages

Problem - Adjusting Entries - Walk Through

04:52

Unearned Revenue Examples

10:06

Problem - Adjusting Entries Two - Introduction

00:10

Problem - Adjusting Entries Two - Hint

00:49

Problem - Adjusting Entries Two - Question

2 pages

Problem - Adjusting Entries Two - Answer

3 pages

Problem - Adjusting Entries Two - Walk Through

03:16

Unrecorded Expenses & Revenues

06:18

Problem - Adjusting Entries Three - Introduction

00:09

Problem - Adjusting Entries Three - Question

1 page

Problem - Adjusting Entries Three - Walk Through

03:25

Problem - Adjusting Entries Three - Answer

1 page

Closing Entries, Real vs. Nominal Amount Accounts

12:02

Closing Entry Example

08:23

Problem - Closing Entries - Introduction

02:31

Problem - Closing Entries - Question

1 page

Problem - Closing Entries - Hint

00:37

Problem - Closing Entries - Answer

4 pages

Problem - Closing Entries - Walk Through

09:15

Computerized Accounting Systems, Account Analysis Examples

11:43

Lesson - Account Analysis - Introduction

00:06

Lesson - Account Analysis - Question

1 page

Lesson - Account Analysis - Hint

00:49

Lesson - Account Analysis - Answer

3 pages

Lesson - Account Analysis - Walk Through

01:43

Lesson - Account Analysis Two - Introduction

00:02

Lesson - Account Analysis Two - Question

1 page

Lesson - Account Analysis Two - Hint

00:40

Lesson - Account Analysis Two - Answer

1 page

Lesson - Account Analysis Two - Walk Through

01:24

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Financial Practice Set
9 Lectures
01:21:27

Financial Practice Set - Introduction and Objectives

00:26

Introduction

00:28

Financial Practice Set form

28 pages

Purpose of Exercise, Business Information, Requirement, Enclosures

13:33

Enclosures Continued, Subsidiary Ledger, Record Transaction, Special Journals

19:10

Using a Special Journal

16:01

Transactions Continued, General Journal, Trial Balance, Conclusion

15:49

Transactions continued, General Journal, Trial balance,

16:00

Financial Practice Set Solution

22 pages

About the Instructor

World Famous Accounting Course

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 start-up 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 full-time 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.

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