# Accounting Made Simple by 30 Examples

Discover basic logic of accounting by animated examples

Updated on Sep, 2023

Language - English

30-days Money-Back Guarantee

Training 5 or more people ?

## Course Description

A course where we discover credit, debit accounts, key ratios and balance sheet.

We will simplify how to make journal entry records, debit- credit accounts, which accounts are assets and which are liabilities.

As we move further, we will make more complicated entries, so hurry up :)

Contents: (All with journal entry examples)

1) Cash Sale: Journal Entry for cash sale

2) Inventory Purchase : Journal Entry for Inventory Purchase

3) Fixed Asset Sale: Selling a fixed asset

4) Service Sale: Selling a service

5) Bank Loan Usage: Using a bank loan

6) Sales with Credit: Again we sell, but this time with credit (journal entry)

7) Collection: Collecting the receivable in example 7

8) Bad Debt: What journal entry do we do if we can not collect money?

9) Sales Discount: We make a sale with discount

10) Depreciation (Straight Line Method): Basic application of depreciation

11) Compound Interest: Compound interest over many years

12) Purchasing a fixed asset with interest rate: Paying the interest

13) FIFO method: Most popular cost calculation method

14) Weighted Average method: Important cost calculation method

15) LIFO method: Important cost calculation method

18) Calculating Inventory

19) Cost of Goods Sold (Journal Entry)

20)  Calculating Inventory Turnover Rate: Ratio for inventories

21) Invesment in available for sale securities: Short term investment

22) Investment in another company (%20- %50): Investment that does not give you majority

23) Investment in another company (above %50): Investment giving you majority

24) General Ledger: A general look

25) Depriciation (Declining balances): Second alternative depreciation method

26) Distribution of cash dividends: Distributing the profit to investors

27) Current Ratio

28) Leverage

29)  Receivable Turnover Rate

30) Payable Turnover Rate.

### Goals

What will you learn in this course:

• Getting familiar with accounting

• Making Journal entries

• Understanding structure of journal entries

• Relationship between debit, credit accounts and p/l table

### Prerequisites

What are the prerequisites for this course?

• Just the motivation and will to learn accounting

## Curriculum

Check out the detailed breakdown of what’s inside the course

Introduction
11 Lectures
• Intro and Example 1 01:58 01:58
• Inventory Purchase 00:43 00:43
• Fixed Asset Sale 01:44 01:44
• Services Sale 01:01 01:01
• Bank Loan Usage 00:33 00:33
• Sales with credit 00:58 00:58
• Collection 00:43 00:43
• Sales Discount 01:16 01:16
• Depreciation 00:58 00:58
• Deprecitation - b 00:57 00:57
Intermediate
10 Lectures
10 Lectures

## Instructor Details

Cem Bulut

CPA, Public Accountant, Financial Analyst for 20 years

## Course Certificate

User your certification to make a career change or to advance in your current career. Salaries are among the highest in the world.