Financial Accounting Made Easy!
Learning Financial Accounting is probably easier than you think, but it does require some practice. Unfortunately most Financial Accounting textbooks are really frustrating for many students. Lectures that may make sense while you are in class disappear from your head when you are doing homework or worse, taking a test! Frustrating!!!
You of course have options. Struggle reading through the text over and over. Hire a tutor at the cost of hundreds of dollars and hope they have a clue about your topic. Search YouTube and Vimeo for related videos. Worse yet, get frustrated and give up - wasting more time and money immediately.
Accounting is the Language of Business. The biggest reason businesses fail is because they don't understand their finances. I am here to help you with that!
What I have found in my 25 years in education and 30 years in accounting is that people often learn easier and retain more when they have a visual lesson that they can refer back to as needed. I have also found that accountants like to make things harder (job security)! What I have been able to do is learn how to make the complex seem simple. I have taught hundreds of students in my college undergrad and graduate classes how to understand accounting at all levels. It is now my mission to help as many people outside my classroom understand as possible!
In this course, you'll get access to a series of approximately 80 specific videos demonstrating using accounting effectively. This isn't a 500 page book that confuses you and then gathers dust on the shelf because it is too complicated and boring. These videos cover specific topics. View only the ones you need or watch the whole series. With lifetime access you can watch them as often as you need.
The course has 12 Units covering everything you need to know to understand the basics of Financial Accounting. We start out with a Unit that covers the basics including the Accounting Equation, Accrual Accounting and the Matching Principle, T-Accounts and a case study demonstrating transactions using Debits and Credits. From there we put together the financial statements using the case study T-Accounts.
We then move on to Audit reports, footnotes and the basic financial statments using Apple Inc.'s 2014 financial statements.
We cover Accounts Receivable methods of recording and reporting including the Allowance method. We demonstrate using the Aging of Accounts Receivable mehtod as well as the Percentage of Sales method for valuation. Of course we also cover Bad Debts and how we write off accounts and also restore accounts that had been previously written off.
Next up is Inventory Valuation including using First-in-First-Out (FIFO), Last-in-First-Out (LIFO) and Average Cost methods of valuation and their effects on the Balance Sheet and Income Statement. Included in these are demonstrations using Legos (yep the blocks). We also cover more complex concepts such as Lower of Cost or Market, Net Realizable Value, the Retail Method and the Gross Profit method.
Fixed Assets make up a large portion of the Balance Sheet and Income Statement with Depreciation Expense. We demonstrate the purchasing of Fixed Assets and Depreciation Expense methods including Straight Line, Double Declining Balance, Units of Production, and MACRS. We also cover Change in Estimates, how to handle the Sales of Assets, and also the Exchange of Assets.
Of course we also have the Sources of Funds covered. We go in depth with Equity Financing, Liabilities - both Short and Long Term, and Payroll processing.
We demonstrate how to Close the Accounting Period and also how to simply prepare and understand the Statement of Cash Flows.
As an added bonus, I have add demonstrations of how to calculate and understand key ratios using Apple Inc.'s 2014 Financial Statements.
These videos are what I use to help the hundreds of college students learn accounting, released to the general public in this course for the First Time! You CAN Learn Accounting!!!
Here's Exactly What You'll Get Inside the
Financial Accounting Tutorial
- Approximately 80 videos and screencasts demonstrating the concepts of Accounting in easy understandable language.
- How to understand the Language of Business.
- How to do transaction accounting using Debits and Credits and T-Accounts.
- Understand the key elements of the Financial Statements and calculate key ratios so you understand what the statements are telling you.
- How to Close the Accounting Cycle and Put together the Financial Statements
- Much, Much More
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