Accounting–Financial Accounting Total-Beginners to Advanced | Udemy


Accounting–Financial Accounting Total-Beginners to Advanced | Udemy
English | Size:
Genre: eLearning

What you’ll learn
An Introduction to Accounting, The Double Entry Accounting System, & Recording Transactions using Debits and Credits
Analyze, use, and create from scratch financial statements including a balance sheet, income statement, statement of equity, and statement of cash flows
Use the concepts of the double entry accounting system
Record financial transactions using the accounting equation
Record financial transactions using debits and credits
Learn when and how to use accounting methods such a the accrual method and cash method
Apply the concepts related to the revenue recognition principle and the matching principle to recording transactions and reading financial statements
Record period end adjusting entries and be able to explain why adjusting entries are necessary is a well designed accounting system
Record merchandising transactions. Record transactions involving inventory
Track inventory using cost flow methods like FIFO, LIFO, and Weighted Average Methods
Create and use subsidiary ledgers like accounts receivable by customer and accounts payable by vendor subsidiary ledgers
Learn how to create and use special journals and how they can be part of an accounting system
Construct and interpret a bank reconciliation, one of the most critical internal controls
Be able to implement internal controls over cash
Value account receivable and record bad debt expense using either the allowance method or direct write off method
Calculate depreciation using different depreciation methods including straight line depreciation, double declining balance, & units of production depreciation
Record payroll transactions and calculate net pay and income tax withholding
Record transaction specific to partnerships including methods to allocate net income to the partners, adding a new partner, and a partner leaving or selling a partnership interest
Record transaction specific to a corporation including selling capital stock, selling preferred stock, buying treasury stock, issuing cash dividends, and issuing stock dividends
Record transactions related to the issuance of bonds
Record transactions related to notes payable. Learn to create an amortization table.
Construct a statement of cash flows using the direct method and indirect method. We go into more detail about best practices to construct a statement of cash flows than any other course we have seen

Who this course is for:
Aspiring accounting students who have an interest in the topic
Accounting professionals
Anyone who whats to learn accounting
Accounting and business students who want a reference source to the material they can actually keep, unlike most digital textbooks used in most accounting programs these days
Business professional who want a comprehensive reference to standard financial accounting topics they can refer to

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