Introduction to Accounting: The Language of Business

Learn Accounting and the Language of Business from the #1 accounting university in the world.
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  • Lectures 134
  • Length 11.5 hours
  • 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

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.

What are the requirements?

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

What am I going to get from this course?

  • You will learn the language of business through accounting fundamentals

Who is the target audience?

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

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.


Section 1: Introduction to Financial Accounting
Introduction and Objectives
Speed Note
1 page
What is a Business, Keys to a Successful Business, Debt vs Equity Financing
Equity Financing, Financial and Managerial Accounting
Quiz Notification
1 page
GP financial Stmts., Importance of Comparable Info, GAAP, SEC, AICPA, FASB,
International GAAP, Importance of Credible Information

Problem #1 - Answer

Problem - General Accounting Questions - Question
1 page
Problem - General Accounting Questions - Answer
2 pages
Problem - Problem 1 General Accounting Questions - Walk Through
Problem - More General Accounting Questions
Problem - More General Accounting Questions - Question
1 page
Problem - More General Accounting Questions - Answer
2 pages
Problem - More General Accounting Questions - Walk Through
Problem - MiniScribe Fraud
Problem - MiniScribe Fraud - Question
4 pages
Problem - MiniScribe Fraud - Answer
1 page
Problem - MiniScribe Fraud - Walk Through
What CPA's do, An Accounting Education, Legal Forms of a biz, Proprietorship
Partnerships, Corporations, Corporate Governance , Business is Good.
Section 2: General Purpose Financial Statements
Introduction and Objectives
Speed Note
1 page
Intro to Financial Statements, Assets, Liabilities, & Owners Equity Defined
Stephen's Sweet Shot
Problem - Defined Terms - Introduction
Problem - Defined Terms - Question
1 page
Problem - Defined Terms - Hint
Problem - Defined Terms - Answer
5 pages
Problem - Defined Terms - Walk Through
The Income Statement, Expenses Defined, Revenues Defined
Quiz Notification
1 page
Problem - Definitions - Introduction
Problem - Definitions - Question
2 pages
Problem - Definitions - Hint
Problem - Definitions - Answer
4 pages
Problem - Definitions - Walk Through
Expanded Equation
Problem Introduction
Problem - Expanded Equation - Question
1 page
Problem - Expanded Equation - Hint
Problem - Expanded Equation - Answer
1 page
Problem - Expanded Equation - Walk Through
Problem - Expanded Equation Two - Introduction
Problem - Expanded Equation Two - Question
1 page
Problem - Expanded Equation Two - Hint
Problem - Expanded Equation Two - Answer
1 page
Problem - Expanded Equation Two - Walk Through
Relationship of Statements
Fin. Stmts. Formats, Balance Sheet, Retained Earnings, Income Stmts, Stmts of CF
Problem - Statement Formats - Introduction
Problem - Statement Formats - Question
1 page
Problem - Statement Formats - Hint
Problem - Statement Formats - Answer
3 pages
Problem - Statement Formats - Walk Through
Section 3: Accounting Cycle Part One
Introduction and Objectives
Speed Note
1 page
Asset Valuation Topics, Accounting system
Accounting Systems Continued, Debits and Credits, Journal Entry Examples
More Journal Entry Examples, Bank's perspective on Cash
Problem - Prepping Journal Entries - Introduction
Problem - Prepping Journal Entries - Question
2 pages
Problem - Prepping Journal Entrires - Answer
3 pages
Problem - Prepping Journal Entrires - Walk Through
Posting to General Ledger
Problem - Posting to General Ledger - Introduction
Problem - Posting to General Ledger - Question
1 page
Problem - Posting to General Ledger - Answer
6 pages
Problem - Posting to General Ledger - Walk Through
Trial Balance - What and Why?
Problem - Preparing a Trial Balance - Introduction
Problem - Preparing a Trial Balance - Question
5 pages
Problem - Preparing a Trial Balance - Answer
1 page
Problem - Preparing a Trial Balance - Hint
Problem - Preparing a Trial Balance - Walk Through
Preparing the Financial Statements
Problem - Preparing Financial Statements - Introduction
Problem - Preparing Financial Statements - Question
2 pages
Problem - Preparing Financial Statements - Hint
Problem - Preparing Financial Statements - Answer
3 pages
Problem - Preparing Financial Statements - Walk Through
Lesson Summary
Section 4: Accounting Cycle Part Two
Introduction and Objectives
Speed Note
1 page
Introduction to Lesson, Common Ending Accounting Balances
Problem - Common Accounting Balances - Introduction
Problem - Common Accounting Balances - Question
2 pages
Problem - Common Accounting Balances - Answer
2 pages
Problem - Common Accounting Balances - Walk Through
Steps of Acc System, Accrual Basis Accounting, Accrual vs Cash example
Adjusting Entries, Prepaid Expense Examples
Problem - Adjusting Entries - Introduction
Problem - Adjusting Entries - Question
3 pages
Problem - Adjusting Entries - Hint
Problem - Adjusting Entries - Answer
3 pages
Problem - Adjusting Entries - Walk Through

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Instructor Biography

Professor Norm Nemrow, 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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