Description
Course Description
Understanding Accounting is Understanding Business.
Take a minute and think about the world we live in today. Whether it is social media, sport teams, non-profits, or local mom and pop shops- all of these are individuals, like me and you, creating a business and delivering it to the masses. Regardless of your background, you are immersed in a world of business. A foundation in accounting can help you navigate the complexities and develop a new perspective on the world we live in. Accounting is the language of business and in its simplest form, accounting is a platform that allows businesses to record transactions.
Business and accounting come hand in hand. You cannot have one without the other. This course seeks to teach you basic accounting principles through a business lense. By the end of this course, you will understand key accounting concepts that are universally applicable to all businesses. In turn, you will be able to apply these concepts to:
- Streamline your Small Business
- Improve Investing/Analytical Skills
- Manage Personal Finances
- Develop Bookkeeping Principles
- Understand Business Operations
About the Course
This beginner course is a 15 chapter series of video lectures and textbook with an emphasis on financial accounting. It is imperative that you utilize both to get the most of the course.
It is designed to make accounting as simple and relevant as possible. Many other courses will have lessons on regulatory agencies or governmental accounting, however, this course purposely leaves those out. Frankly, unless you want to become a CPA, that information is too specialized and you simply will never use it. This course focuses only on concepts that can be applicable to your every day life.
The course starts with an overview of accounting and business concepts and then dives into technical theory. After going over technical concepts, it then takes a step back and shows how the technical theory relates to business operations. Lastly, it concludes with a chapter on utilizing technical theory to analyze companies.
What are the requirements?
- No previous knowledge required
- A learning attitude
What am I going to get from this course?
- Over 33 lectures and 5.5 hours of content!
- By the end of this course, you will understand basic accounting principles universal to all businesses. In turn, you will be able to apply these concepts to your unique situation.
What is the target audience?
- People with little to no business or accounting experience
- People seeking to explore a career in the business/finance/accounting industry
- People seeking to improve personal finances
- People seeking to turn a hobby into a career
- Students/Professionals
- Small business owners
Curriculum
| Section 1: Introduction to Accounting | |||
|---|---|---|---|
| Lecture 1 |
Introduction to the Course
|
04:41 | |
| Lecture 2 |
Introduction to the Course Text
|
2 pages | |
| Lecture 3 |
Basics of Accounting
|
07:45 | |
| Lecture 4 |
Basics of Accounting Text
|
5 pages | |
| Section 2: Business Essentials- The Early Stages | |||
| Lecture 5 |
Cash Vs Accrual Basis
|
07:21 | |
| Lecture 6 |
Cash Vs Accrual Basis Text
|
3 pages | |
| Lecture 7 |
Accounting Cycle
|
09:45 | |
| Lecture 8 |
Accounting Cycle Text
|
10 pages | |
| Section 3: Technical Theory | |||
| Lecture 9 |
Managing Inventory
|
10:18 | |
| Lecture 10 |
Managing Inventory Text
|
16 pages | |
| Lecture 11 |
Accounting for Sales
|
09:30 | |
| Lecture 12 |
Accounting for Sales Text
|
7 pages | |
| Lecture 13 |
Reconciling Cash
|
07:33 | |
| Lecture 14 |
Reconciling Cash Text
|
5 pages | |
| Lecture 15 |
Accounting for Payroll
|
04:55 | |
| Lecture 16 |
Accounting for Payroll Text
|
2 pages | |
| Lecture 17 |
Breaking Down the Balance Sheet
|
16:02 | |
| Lecture 18 |
Breaking Down the Balance Sheet Text
|
14 pages | |
| Lecture 19 |
Depreciation/Amortization
|
06:52 | |
| Lecture 20 |
Depreciation/Amortization Text
|
4 pages | |
| Section 4: Business Essentials: The Latter Stages | |||
| Lecture 21 |
Trial Balance
|
04:39 | |
| Lecture 22 |
Trial Balance Text
|
4 pages | |
| Lecture 23 |
Adjusting Entries
|
05:55 | |
| Lecture 24 |
Adjusting Entries Text
|
4 pages | |
| Lecture 25 |
Preparing Financial Statements
|
16:00 | |
| Lecture 26 |
Preparing Financial Statements Text
|
11 pages | |
| Lecture 27 |
Wrapping up the Accounting Cycle
|
03:08 | |
| Lecture 28 |
Wrapping up the Accounting Cycle Text
|
3 pages | |
| Section 5: Analyzing Businesses | |||
| Lecture 29 |
Ratio Analysis
|
10:11 | |
| Lecture 30 |
Ratio Analysis Text
|
6 pages | |
| Section 6: Course Wrap Up | |||
| Lecture 31 |
Course Wrap Up Test
|
4 pages | |
| Lecture 32 |
Course Wrap Up Test Answers
|
6 pages | |
| Lecture 33 |
Textbook Download
|
96 pages | |
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