Principles of Financial Accounting
Financial Accounting
Updated on Apr, 2024
Language - English
Finance & Accounting,Accounting & Bookkeeping,Financial Accounting
Lectures -14
Resources -21
Duration -1.5 hours
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Course Description
This is an introductory financial accounting course that covers all the financial accounting concepts offered in an introductory financial accounting course at university or college.
Learn and Master the Financial Accounting Process.
Understand that accounting is the language of business.
Know business terminology (biz speak).
Understand the difference between a corporation and a single proprietorship.
Know the three forms of business - service company, merchandise company and a manufacturer.
Understand an Income Statement and how to prepare one.
Understand a Balance Sheet and how to prepare one.
Know how to analyse and record business transactions
Learn how to use debits and credits to record business transactions.
Know how to use the accounting journal and ledger,
Complete a set of accounting records for a service business using excel spreadsheets.
Complete a set of accounting records for a merchandise company using excel spreadshe
Goals
What will you learn in this course:
- Know how to identify a business transaction
- Be able to record transactions using debits and credits
- Be able to post to the ledger
- Prepare an income statement and balance sheet
- Complete the accounting records for a small business
Prerequisites
What are the prerequisites for this course?
- some understanding of Excel
Curriculum
Check out the detailed breakdown of what’s inside the course
Accounting the Language of Business
2 Lectures
-
Introduction to Accounting
14:06
14:06
-
Interactive exercises
00:16
00:16
Know how to present the Income Statement and Balance Sheet
3 Lectures
Introduction to Analyzing Business Transactions
2 Lectures
Introduction to Debits and Credits
1 Lectures
Know how to Journalize Business Transactions
1 Lectures
Introduction to Adjusting entries
1 Lectures
Practice Set - Fraser's Golf Academy
3 Lectures
Instructor Details
Dr. John McLellan
Dr JohnI am a Professor of Accounting with over thirty-five years experience teaching accounting to college students, undergraduate and MBA university students as well as CMA candidates seeking to earn their Professional Certified Management Accountant Designation.
I achieved my Certified Management Accountant Designation 40 years ago. With that I then earned my Masters of Business Administration degree and later a PHD in accounting.
I have developed and will continue to develop a number of courses in both Financial Accounting and Management Accounting for you - a college or university student (or even a secondary student) to help you to achieve the best result in your undergraduate accounting course. If you get an "A" from me I guarantee you will get an "A" from your accounting prof.
For Graduate students, I have a course to prepare those of you who do not have a business degree for the Masters of Business Administration. Also I have a course at the masters level called Managerial Accounting.
For CMA Candidates, I have courses to prepare you to successfully pass their Certified Management Accounting Exams offered by Institute of Management Accountants.
Dr. John
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