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Accounting 101 Made Easy And Fun (Udemy.com)

Most Important Accounting Ideas Easy And Fast

Created by: Mark Smolen

Last updated October 2026

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What you will learn

  • Introduction To Accounting
  • Define Each Item Of Accounting Vocabulary
  • Accounting For Dummys
  • Be Able To Make Journal Entries
  • Basic Accounting Concepts
  • Be Able To Make Debits And Credits
  • Accounting Help For Slow Students
  • Identify Each Step In The Accounting Cycle
  • Be Able To Record Transactions In The Fundamental Accounting Equation
  • Be Able To Record Inventory Transactions
  • Be Able To Make End-Of-Month Accounting Adjustments
  • Be Able To Make End-Of-Month Closing Entries
  • Be Able To Record Distributing Partnership Income
  • Be Able To Record Transactions In The Perpetual Inventory System
  • Be Able To Record Transactions In The Periodic Inventory System
  • Be Able To Record Journal Entries In QuickBooks Online And QuickBooks Desktop
  • Be Able To Calculate Mortgage Interest

How it compares

Against the other 200 rated Udemy courses in Accounting on CourseDuck:

  • Rating4.4 out of 5higher than 31% of them
  • Reviews156#160 of 201 by number of reviews
  • Length7.1 hourslonger than 51% of them
  • Last updatedOctober 2026more recently than 100% of them

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Course Description

This Special new introduction to accounting class makes learning fun and easy! It will give you the clearest and simplest explanations to all the basic accounting ideas that that come from accounting 101. This “accounting for dummies” is a special type of training tutorial and is engaging and enjoyable. It’s the perfect accounting lessons for slow learners because it presents bookkeeping and accounting theory and concepts in common sense clear terms that apply to things we all understand. You will be ready to take accounting exams and practical accounting and bookkeeping projects when you finish this top-rated course.

Each of these presentations are special methods of learning accounting and studying bookkeeping skills. They are taken from accounting lessons that I have presented live at job training schools over the decades, where most of my students got jobs doing bookkeeping, accounting, and QuickBooks. You will always know what to Debit and what to Credit because you learned the history of the fundamental accounting ideas and the fundamental accounting equation. Then you will be able to make journal entries in your QuickBooks Accounting software without needing the help of an accountant! See how accounting concepts it evolved into T accounts and how the general ledger was developed.

If you see the context in a nice interesting engaging story that's entertaining and clear, then you will build up your accounting and bookkeeping skills all the way to the final practice projects and exercises. These will give you the ability to make all the journal entries you need to run your business without needing any outside bookkeeping help. Non-accounting people should be able to do all the accounting they need. This fantastic basic accounting class will give you that ability.

The course now has projects and exercises that you can use during the course for you to stop and check your accumulated skill and new knowledge. This will make sure you're on track before you go to the next learning session These practical accounting quizzes and projects will reinforce the learning and help you remember better. They can be fun puzzles as you do them with the people whom who you watch the course with. Taking the final theory multiple choice quiz can be like playing a board game with your family to see who remembers best from the fun videos that you learned from. Topics include……………….


What Are Assets? What Are Liabilities?


The Fundamental Accounting Equation


What Is Owner’s Equity?


What Are Debits And Credits?


What To Debit And What To Credit?


The Double-Entry System Of Accounting


Advanced Transactions And Advanced Debits And Credits


What Is The Accounting Cycle?


How To Make Journal Entries In QuickBooks


End-Of-Month Accounting Adjustments


Owner’s Equity Accounts


Distributing Partnership Income


Using Income Summary


The Perpetual Inventory System


The Periodic Inventory System


What Is "First-In-First-Out" (F.I.F.O) Method Of  Inventory Valuation?


What Is "Weighted Average" Inventory Valuation ?


Interest And Mortgage Calculations


What Is Accounts Receivable


What Is Accounts Payable


Early Pay Discounts


Discount Terms


What Is A “Bank Reconciliation?


Why Financial Statements?


These tried-and-true methods have helped thousands learn accounting well enough to get good jobs. These accounting lectures and lessons always entertain and engage when I perform them live. Even if you still need an accountant periodically, you will understand what your accountant is doing by finishing this easy-to-learn basic accounting and bookkeeping course. Now you have an opportunity to see the new and improved lessons with video animation and improved quality. You can watch these great lessons as often as you need to because if you purchase the course, you will owe them forever! You will always get any questions you have answered almost immediately because I always get back to my students right away. I want everyone’s leaning experience to be smooth and enjoyable. This is a course that will help everyone, and I hope to see you there.


-Mark

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Instructor Details

Mark Smolen

I have 3 decades of experience teaching Computerized Accounting. I have taught QuickBooks at A.S.A college in Manhattan New York. I have made my lessons available to certified job training schools for adult education and have helped place hundreds of students in good paying jobs using QuickBooks and other software that they learned in my class. Now, I've helped thousands of students from Udemy get great jobs or run their own business.

I am a permanently licensed teacher by the New York State Education Department. I am also a Certified QuickBooks Pro adviser for 2 decades. I have made these videos by determining what my clients needed.

I wanted to help anyone using QuickBooks be prepared for the real-life, hands-on challenges that come with mastering the bookkeeping function of any company. I will prepare you for real life QuickBooks situations that can be challenging or frustrating if nobody shows the tips and tricks that will make using QuickBooks a fun task

I enjoy helping students turn frustration in to a feeling of comfort and satisfaction with QuickBooks. I'm always available to my students when they need me.

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Reviews

4.4

156 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

By Kathy MacRury on 7/20/2025

I need to have more knowledge about the accounting process and how it works together for the job I am currently at. I am hopeful that this course will provide a good base for my learning.

By Anne MacArthur on 12/19/2024

It is the perfect fit!! I have tried other classes and couldn't understand a thing. This class breaks things down so it is easy to follow and comprehend what is going on and how to do the accounting work.

By Vicky Rios Lujan on 11/15/2024

I am somewhat new to this environment and I'm actually understanding and enjoying the concept of accounting. Thank you for your wonderful teaching method and your beautiful assistant, Sirena. I'm still finding great enjoyment in learning accounting. Thank you!

By Leonardo Alcantara on 5/3/2024

This course was perfect for me, gave me all the tools needed to embark myself on managing my books. And love the part when Mark's niece was invloved in the video, a real talented girl!!

By Heru Mulyono on 1/29/2024

Basic Accounting that we need to understand and It's user friendly to understand with the material & practice. Thank you...

By Esmeralda Bruno on 8/1/2023

Overall good. It could have lingered on the more challenging parts instead of repeating how simple the easy parts were. So simple that an elementary school-aged child could understand. Also please double-check the examples as there are some mistakes.

By Denise A Chiccola on 5/14/2023

class was good overall. there were errors though that made some things confusing.

By Sarah Wall on 5/4/2021

What a great instructor! Every idea and concept is explained clearly, concisely, and thoroughly. He assumes the viewer is intelligent, but knows nothing about accounting. I HIGHLY recommend this course to anyone who wants to become a capable bookkeeper, but has no background in accounting (or who took accounting classes and was confused).

By Anonymized User on 9/17/2019

Thus far, the instructor's explanations of accounting terms is easy to remember due to his examples of each term.

By Erasmo on 9/12/2019

Excellent, well explained, simplified, very useful and applicable for a business.Thanks for this course, its fun to learn. I am lucky to have it.

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Overall Score : 88 / 100