The Visual Learning Basic Accounting Course

Learn Basic Accounting the Easy Way with an animated presentation
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  • Lectures 6
  • Length 1 hour
  • 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 5/2016 English

Course Description

Accounting is the "language of business" and critical for anyone involved in the world of business to understand, including business and accounting students, small business owners and financial professionals. But accounting can be counter intuitive, difficult to comprehend and discouraging to study.  My name is Tim Burns and to say that I struggled with accounting was an understatement. I had a very difficult time with basic accounting and even though I receive an MBA in accounting and passed the CPA exam, my poor foundation doomed me to fighting through the material by brute force instead of more easily following  its logical progression.  It was only after i began teaching accounting at a college level that the critical accounting fundamentals finally sunk in.

I realized that my own accounting students were struggling, but that effective visuals, instead of crowded slides of confusing columns and texts, significantly enhanced their ability to understand accounting fundamentals.  I eventually developed a completely animated course featuring a unique character, the Accounting Whiz Kid.  The Whiz Kid is that bright student who encourages his classmates to learn with a friendly, encouraging tone as well as effective visuals, which utilize real-world accounting examples and offers concise and useful illustrations. The fundamental accounting equation and introductory material are presented in an entertaining and easy to follow format that deftly uses "visual learning" techniques in addition to "verbal learning."  Visual learners remember best what they "see," e.g. pictures and animations and "verbal learners" obtain more knowledge from words.  Everyone learns more when the information is presented visually and verbally.

In this course you will learn:

Fundamental accounting equation:  Assets = Liabilities + Owners Equity (so important to maser this concept which is the basis of the business organization)

Accounting debits and credits 

Double entry method of bookkeeping

Revenue and expense items

Recording accounting ransactions

Preparing trial balance

Preparing Adjusting entries

Preparing financial statements

Balance sheets

Income statements

Statements of owner's equity

Cash Flow statements 

What are the requirements?

  • No prior knowledge

What am I going to get from this course?

  • Unlock and understand the fundamental accounting equation (A = L + OE), the financial basis of business
  • Become financially literate and learn the language of business

Who is the target audience?

  • Anyone involved in or interested in the world of business
  • Business and accounting students
  • Small business owners
  • Financial professionals

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: Basic Accounting Equation: Assets = Liabilities + Owner's Equity

Understand debits and credits and double entry method of recording transactions

Use of T accounts to illustrate debits and credits

Section 2: Revenue and Expense Items

How to account for revenue and expense entries with debits and credits

Section 3: The Recording Process and The Trial Balance

Basic steps of the transaction recording process, determining the account items which are increased or decreased, translating those items into debits and credits and preparing journal entries.


Continuing with the recording process, preparing trial balances, adjusting entries for deferrals and accruals and preparing adjusted trial balance.

Section 4: Preparing the Adjusted Trial Balance and Set of Financial Statements

Continuing with adjusted trial balance, accrual vs. basic accounting, and adjusting entries.


Adding inventory expense, preparing balance sheet, income statement, statement of owner's equity and statement of cash flows.

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Instructor Biography

MBA, CPA, Attorney at Law Tim Burns, Award Winning Accounting Instructor

Tim Burns is a part time accounting professor and practicing certified public accountant and tax attorney.  He received his Bachelor of Arts in Economics, his Masters in Business Administration and a Juris Doctorate from Tulane University.  Tim has served as an Adjunct Professor at Tulane University, Loyola University and the University of New Orleans. He has long been interested in innovative teaching methods and developed the Accounting Whiz Kid course, which utilizes animation and real world accounting examples to instruct students and for whicj he was recognized for teaching excellence.

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