4.65 out of 5
4.65
80 reviews on Udemy

Financial Accounting-Debits & Credits-Accounting Transaction

Includes downloadable e-book in multiple formats so you can open it on your tablet or Kindle -Formats (EPUB, MOBI, PDF)
Instructor:
Robert (Bob) Steele
1,808 students enrolled
English [Auto-generated]
Define accounting
List accounting objectives
List and describe financial statements
Explain the relationship between financial statements
Describe the double entry accounting system
Name and explain the accounting equation
Record financial transactions using the accounting equation
Record financial transactions using debits and credits
Post general journal entries to the general ledger

Includes downloadable e-book in multiple formats so you can open it on your tablet or Kindle – Formats (EPUB, MOBI, PDF).

Accounting Instruction Reference #100 is a book that sells on Amazon and is available in Kindle, Paperback, and audiobook format. Often times when we receive a book that is published on Amazon it is exciting until we find it is only in PDF format. The e-book we provide is in a format you can use on a tablet and Kindle.

Accounting core concepts will be covered, foundational accounting skills needed for all levels of accounting including the accounting terms, the double entry accounting system, and recording transactions using both the accounting equation and debits and credits.

 

These are the accounting fundamentals which most accounting courses spend far too little time on. The better we understand these accounting foundation topics, the better we will do in all accounting concepts.

 

Like practicing catch or going over those musical scales, practicing the accounting fundamentals is time well spent for beginners as well as experienced accountants. We are never too smart to practice the accounting fundamentals. This course will thoroughly cover the fundamentals and will provide a foundation for learning concepts that limit the likelihood of learning rules that do not always apply.

 

We also offer practical practice problems in Excel, along with step by step instructional videos to walk you through an example problem. Learning basic concepts in Excel while learning accounting concepts will advance our ability to learn both topics much faster. We will only cover very basic Excel tops, using step by step instruction, including learning how Excel names cells, how to add and subtract in Excel, and how to use the sum function.

 

This course will provide much more structure to the journal entry process than most courses, including a detailed step by step process for thinking about how to construct financial transactions. This process will eliminate the problem of getting stuck and not knowing how to move forward. The process will also help us understand the transactions we are recording and eliminate the problem of learning concepts that do not apply in all circumstances.

 

I am available for questions throughout the course. I have been teaching and working in accounting for a long time, have a lot of experience breaking down concepts, and enjoy working with new people.

 

Please join us in learning financial accounting concepts

Introduction

1
Course Outline
2
Download E-book Available Formats - (EPUB, MOBI, PDF) - Works on tablet & Kindle

Why Learn Accounting

1
Why Learn Accounting Overview
2
PDF - 1.5 Why Learn Accounting U
3
Why Learn Accounting
4
Notes - What is Accounting and Why Learn Accounting
5
Describe Accounting Opportunities

Accounting Objectives, Accounting Equation, & Ethics

1
Accounting Objectives, Accounting Equation, & Ethics Overview
2
PDF - 1.11 Accounting Objectives U
3
Accounting Objectives
4
Notes - Accounting Objectives
5
PDF - 1.15 Accounting Equation
6
Accounting Equation
7
Notes - Accounting Assumptions
8
PDF - 1.17 Lecture 3 Ethics, profession, and Generally Excepted Accounting u
9
Ethics & Profession
10
Notes - Ethics in Accounting
11
Notes - Categories of Accounting
12
Notes - Define and describe Generally Accepted Accounting Principles GAAP
13
Discussion - Why is ethics important in accounting?
14
Practice Short Calculation Test Questions Accounting Equation

Financial Statements

1
Financial Statements Overview
2
PDF - 1.18 Balance Sheet Explained u
3
Balance Sheet
4
PDF - 1.20 Income Statement Explained u
5
Income Statement
6
PDF - 1.23 Statement of Owner's Equity u
7
Statement of Equity
8
PDF - 1.15 Balance Sheet & Income Statement Relationship
9
Balance Sheet & Income Statement Relationship
10
Notes - Business Categorization
11
Notes - Financial Statements
12
Discussion - Who are users of financial statements and what do the need?
13
Practice Short Calculation Test Questions Accounting Equation

Accrual Method, Cash Method, Revenue & Expense Recognition

1
Accrual Method vs Cash Method Overview
2
PDF - 1.12 Revenue recognition principle u
3
Revenue Recognition Principle
4
PDF - 1.14 Cash Vs Accrual u
5
Cash Method vs Accrual Method
6
Notes - Accrual Basis and Cash Basis
7
Notes - Accounting Equation and Account Types
8
Discussion - Is cash the same as revenue?
9
Practice Short Calculation Test Questions Accounting Equation

Financial Transaction Rules & Thought Process

1
Financial Transaction Rules & Thought Process Overview
2
PDF - 1.18 Transaction rules for accounting equation u
3
Financial Transaction Rules
4
PDF - 1.19 Financial Transaction Thought Process
5
Financial Transaction Thought Process
6
Notes - Transaction Rules & Thought Process Using the Accounting Equation
7
Notes - Transactions & The Accounting Equation
8
Practice Short Calculation Test Questions Accounting Equation

Recording Transactions Using Accounting Equation

1
Recording Transactions Using Accounting Equation Overview
2
PDF1.20 Cash Transactions
3
Cash Transactions Accounting Equation
4
Excel Worksheet
5
Google Docs Worksheet - 10 Worksheet 1 Accounting Equation Cash
6
Worksheet - Accounting Equation - Cash
7
PDF - 1.30 Accounts Receivable Transactions
8
Accounts Receivable Transactions - Accounting Equation
9
PDF - 1.40 Accounts Payable
10
Excel Worksheet
11
Google Docs Worksheet - 20 Worksheet 3 Accounting Equation Accounts Payable
12
Worksheet - Accounting Equation - Accounts Payable
13
Practice Test Question - Accounting Equation

Mid - Point Glossary and Resources

1
Glossary - Part 1
2
Midpoint Test in PDF Format

Debits and Credits Defined

1
Debits & Credits Defined Overview
2
PDF - 2.05 Debits & Credits
3
Debits & Credits
4
Notes - Debits and Credits Notes
5
PDF - 2.06 Debit Credit - One Rule To Rule Them u
6
Rules for Using Debits & Credits
7
Notes - Account Types & Normal Balances
8
Discussion - Why are debits on the left and credits on the right?

Debit & Credit Rules & Thought Process

1
Debit & Credit Rules & Thought Process Overview
2
PDF - 2.07 Debit and Credit Thought Process u
3
Journal Entry Thought Process
4
Notes - How to increase and decrease accounts
5
PDF - 2.5 Trial Balance u
6
Trial Balance
7
Notes - General Ledger & Trial Balance
8
Discussion - Explain the Steps in Processing Transactions

Record Cash Transactions Using Debits and Credits

1
Record Cash Transactions Using Debits & Credits Overview
2
PDF - 2.10 Cash Journal Entries
3
Cash Journal Entries
4
Notes - Cash Journal Entries
5
Excel Worksheet
6
Google Docs Worksheet - 30 Prob 4 Debit and Credits Cash
7
Worksheet Prob 4 Debits and Credits Cash
You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
4.7
4.7 out of 5
80 Ratings

Detailed Rating

Stars 5
55
Stars 4
12
Stars 3
10
Stars 2
2
Stars 1
1
436f62f04818ad790e0358fa516ff6b0
30-Day Money-Back Guarantee

Includes

17 hours on-demand video
29 articles
Full lifetime access
Access on mobile and TV
Certificate of Completion