Lesson Summary

Welcome to the free introductory crash course in accounting, designed to cover the essentials and make accounting accessible for everyone. Whether you are a beginner, a small business owner, a student, or just curious about accounting, this course is for you. Led by Indy Jeet, this course provides a comprehensive overview of accounting principles and practices in less than an hour. Here is what you can expect to learn in this course:

• An introduction to the five main accounts
• Understanding the dynamics of debits and credits
• Exploring T accounts and breaking down the main accounting equation
• Introduction to the four key financial statements
• Guidance through the nine-step accounting cycle, including analyzing transactions and the post-closing trial balance

By the end of this crash course, you will have a solid foundation in accounting principles and practices, making it a valuable resource for beginners, small business owners, students, and anyone interested in understanding how accounting works.