Teeter-Totter Accounting
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Teeter-Totter Accounting

Your visual guide to understanding Debits and Credits!
0.0 (0 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.
0 students enrolled
Created by dantes joseph
Last updated 2/2017
English
Current price: $10 Original price: $90 Discount: 89% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 1 hour on-demand video
  • 8 Articles
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Have a clearer understanding of how to debit or credit the right accounts.
View Curriculum
Requirements
  • Have a basic understanding of accounting.
  • Have taken an introduction to accounting course.
Description

This course focuses primarily on journal entries that can be viewed graphically to help you obtain a mental picture of the process. This mental picture is what I believe to be the key to unlocking the mystery behind the double-entry accounting system! 

Understanding debits and credits should be a real challenge if you are new or fairly new to accounting. But understanding how to journalize  transactions does not have to be a hassle. Having been an accounting tutor and instructor for over ten years, I've come to understand the basic needs of others like you who wish they had a better way of understanding which accounts to debit and which ones to credit. Some of the related questions I come across include the following:

  • Why does a debit increase an asset account like cash?
  • Why do liability accounts like payables increase with a credit?
  • How do I treat contra accounts relating to assets and equity?

Following the simple steps I've outlined for you here should give you a head start over those who may still be thinking of recording journal entries the old-fashioned way, without the teeter totter in mind.

Who is the target audience?
  • Accounting students
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Curriculum For This Course
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Course Summary and Benefits.
2 Lectures 06:52

What's an Account?
01:11
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Teeter-Totter Journal Entries
5 Lectures 46:46
Teeter-Totter Entries
01:34


Entries 11-20
10:07

Entries 21-29
11:05

Entries 30-40
12:44
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Financial Statements
3 Lectures 00:24
The Income Statement
00:10

The Balance Sheet
00:07

The Statement of Owner's Equity
00:07
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Exercises and Quizzes
2 Lectures 00:51
Practice Journal Entries
00:48

Practice Journal Entries - Answers
00:02

Practice Questions

Practice Questions
10 questions
About the Instructor
dantes joseph
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1 Course
Accounting

- Twenty years of accounting and managerial experience

- Three years experience in auditing

- Over ten years experience teaching accounting online

- Author of the book Simple Accounting 4.0 Accounting   GPA 

Keen sense for accounting and balancing debits and credits. In the recent past, I have been self employed doing bookkeeping, taxes and payroll for small companies.

Awards and Publications: BS, Accounting - 1987 AS,   Accounting - 1985  Tax Consultant - 1985 Author – Simple Accounting (Publisher: Author house) 

Board Games: The Accounting Game  
Century Teacher Award: UniversalClass  Millennium Educator Award: UniversalClass

Fluency in French and Spanish

Education:
Jersey City State College (Accounting)