What you'll learn:
- Understand the Accounting Equation and the Debit/Credit System.
- Identify All Stages of The Accounting Cycle.
- Measure, Value and Re-value Assets, Liabilities and Equity.
- Apply Financial Accounting Principles to Business Settings.
- Prepare a Cash Flow Statement.
- Develop a Basic Understanding of GAAP and IFRS Accounting Policies.
Welcome to the Financial AccountingCrash Course.
This course will provide you with 69video lessons that span over 10hours of content(including quizzes to help test your knowledge). Follow along as I explain the basics about assets, liabilities and equity, along with fundamental concepts like the accounting equation, debits and credits, the accounting cycle, financial statements and more!
Financial accounting is the language of business. In business, we use financial accounting to report everything we do. Whether it’s paying our employees, issuing a dividend to shareholders or purchasing a capital asset, we report it. Bookkeepingensures that we have a history of every economic activity. Summarizing all of these transactions into financial statements provides us with a general snapshot of our performance and position in the marketplace. Having this financial information at our fingertips is key to future planning and decision making.
The first part of the crash course will cover:
Basics of Financial Accounting
Assets, Liabilities and Equity
Debits and Credits andThe Double Entry Accounting System
The Accounting Cycle, including: Journal Entries,T-accounts, General Ledger, Trial Balance Statements, Adjusting Entries, Adjusted Trial Balance Statements, andClosing Entries
The second part of the crash course will cover:
Merchandise Inventory:Perpetual and Periodic Systems
Inventory Costing Systems:FIFO, Weighted-average, LIFO
Receivables and Bad Debts
Revenue Recognition
Depreciation and Amortization
Intangible Assets
The Cash Flow Statement:IndirectMethod
**BONUS:Financial Accounting final exam downloadable .PDFnow included at the end of the course!**
HERE'S WHAT SOME STUDENTS OF HAVETOLDMEABOUTMYCOURSE:
"The Notepirate videos got me through Acct 101 with a 97%. I've always found your videos easy to understand and well-paced." - Alan P.
"Hello Dave, just wanted to say thank you! Your videos helped my classmates and I tremendously. We did very well. 95%, 90%, 86%, 85%. Thanks again!" - Ariel S.
"Hey Dave. I'm also reviewing in order to become a CPA. Your videos are absolutely brilliant. I have never seen the business activities presented in such a manner... but I will remember this model for a lifetime now. Thank you so much for taking the time to record these videos. You truly are making a huge difference and impact on the world. Cheers..." - Sarah B.
