What is Accounting? Accounting 101 Explained for All Levels
¿Qué es la contabilidad? 什么是会计？Shénme shì kuàijì? Qu’est-ce que la comptabilité ? लेखांकन क्या है? lekhaankan kya hai?
ما هي المحاسبة؟ ma hi almuhasabatu?
Dive into the essentials of accounting with our accessible, comprehensive course designed for all skill levels. Whether you’re starting from scratch or refreshing your knowledge, this course covers everything from debits and credits to financial statements and the accounting cycle. Perfect for beginners and professionals, enroll today to start simplifying the complexities of accounting and enhancing your financial acumen.
Course Outline
Introduction: Full Course Breakdown + Free Material Available!
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- Welcome to What is Accounting? Accounting 101 Explained for All Levels (1:05)
- Course Breakdown - Table of Contents (2:11)
- Download Cheat Sheet, Templates + Comprehensive Question Now!
- Practice: Journal Entry Question and Step-by-Step Solution (14:14)
- Practice: T-Accounts Question and Step-by-Step Solution (9:37)
Chapter 1: The Five Main Accounts
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- Lesson 1 - Introduction to the Five Main Accounts in Accounting (3:24)
- Lesson 2 - What is an Asset? (2:25)
- Lesson 3 - What is a Liability? (2:56)
- Lesson 4 - What is Shareholder (Owners) Equity? (2:39)
- Lesson 5 - Deeper Dive into Shareholders Equity: Common vs. Preferred Shares (7:16)
- Lesson 6 - Deeper Drive into Shareholders Equity: Retained Earnings (4:30)
- Lesson 7 - What are Revenues? (2:02)
- Lesson 8 - What are Expenses? (2:40)
- Practice Test 1: Test Your Knowledge!
Chapter 2 - Financial Statements (Balance Sheet, Income Statement and More)
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- Lesson 1 - Introducing the Four Financial Statements (2:55)
- Lesson 2 - Income Statement (Statement of Financial Performance) (6:13)
- Lesson 3 - Statement of Changes in Equity (7:07)
- Lesson 4 - Statement of Retained Earnings (2:11)
- Lesson 5 - Balance Sheet (Statement of Financial Position) (5:00)
- Lesson 6 - Statement of Cash Flows (9:53)
- Lesson 7 - Relationship Between the Financial Statements (0:35)
- Practice: Income Statement, Statement of Changes in Equity and Balance Sheet (15:49)
- Lesson 8 - Introducing the Multiple-Step Income Statement (6:03)
- Practice: Multiple-Step Income Statement Question and Step-by-Step Solution (9:02)
- Lesson 9 - Introducing the Classified Balance Sheet (3:27)
- Lesson 10 - Classified Balance Sheet in Detail (4:32)
- Practice: Classified Balance Sheet Question and Step-by-Step Solution (10:14)
Chapter 3 - Continuing with Accounting Basics
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Chapter 4 - Analyze, Journalize, T-Accounts and Trial Balance (Step 1 - 4)
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- Lesson 1 - Journal Entries in More Detail (3:42)
- Practice: Journal Entry Question and Step-by-Step Solution (14:14)
- Lesson 2 - The General Ledger (T-Accounts) in More Detail (1:51)
- Practice: T-Accounts Question and Step-by-Step Solution (9:37)
- Lesson 3 - The Trial Balance in More Detial (3:24)
- Practice: Trial Balance Question and Step-by-Step Solution (5:15)
- Practice: Analyze, Journalize, T-Accounts and Unadjusted Trial Balance Q&A (24:02)
Chapter 5 - Adjusting Entries
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- Introduction - What are the Adjusting Entries? (3:00)
- Lesson 1 - What are Prepaid Expenses? (Prepaid Insurance and Prepaid Rent) (4:50)
- Practice: Prepaid Expense - Question and Step-by-Step Solution (6:58)
- Lesson 2 - Exploring Supplies for the Purpose of the Adjusting Entries (3:46)
- Practice: Supplies - Question and Step-by-Step Solution (5:02)
- Lesson 3 - What are Unearned Revenues? (3:24)
- Practice: Unearned Revenues - Question and Step-by-Step Solution (5:00)
- Lesson 4 - What is Depreciation? (7:54)
- Practice: Depreciation - Question and Step-by-Step Solution (6:54)
- Lesson 5 - What are Accrued Revenues (Receivables)? (1:06)
- Practice: Accrued Revenues - Question and Step-by-Step Solution (5:51)
- Lesson 6 - Introduction to Accrued Expenses (Interest and Salaries) (0:57)
- Lesson 7 - What is Accrued Interest? (Interest Payable) (4:12)
- Practice: Accrued Interest - Question and Step-by-Step Solution (5:17)
- Lesson 8 - What is Accrued Salaries? (Salaries Payable) (4:49)
- Practice: Accrued Salaries - Question and Step-by-Step Solution (3:44)
- Practice: Comprehensive Adjusting Entries Example #1 - Question and Solution (11:10)
- Practice: Comprehensive Adjusting Entries Example #2 - Question and Solution (10:16)
- Practice: Comprehensive Adjusting Entries Example #3 - Question and Solution (9:26)
Chapter 6 - Closing Entries and the Post-Closing Trial Balance
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Chapter 7 – A Comprehensive Example - Real-World Accounting Scenario
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Congratulations! You've Reached A Milestone
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