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Financial Accounting Principles: Get an A in Accounting (Udemy.com)

Master Debits & Credits, Journal Entries, Income Statement, Balance Sheet & the Accounting Cycle with Excel Case Studies

4.1
1,013 reviews

Created by: Dr. John Daniel Mclellan

Last updated August 2026

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What you will learn

  • Record business transactions using debits, credits, journals, and T-accounts so the accounting equation always balances.
  • Prepare an income statement, statement of retained earnings, and classified balance sheet from transaction data.
  • Complete the accounting cycle, including adjusting entries, worksheets, trial balances, and closing the books.
  • Keep a full set of accounting records for a service company in Excel and apply the same process to merchandizing example

How it compares

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

  • Rating4.1 out of 5higher than 4% of them
  • Reviews1,013#54 of 201 by number of reviews
  • Length3.3 hoursshorter than 73% of them
  • Last updatedAugust 2026more recently than 92% of them

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Course Description

Learn financial accounting from the ground up and get an A in your introductory college or university accounting course. This course teaches the principles of financial accounting in a clear, practical way. You will master the language of business: assets, liabilities, equity, revenues, expenses, debits, credits, journals, ledgers, and financial statements.

You will work through the full accounting cycle:

  • Identify and analyze business transactions

  • Record journal entries and post to T-accounts

  • Prepare a trial balance

  • Make adjusting entries (accruals and deferrals)

  • Complete worksheets

  • Prepare the income statement, statement of retained earnings, and classified balance sheet

  • Close the books

Hands-on Excel case studies (including Jarvis Consulting and other practice sets) let you keep a complete set of records for a service company and see how the same process applies to merchandise businesses.

What you will be able to do

  • Read and prepare an income statement and balance sheet

  • Use debits and credits correctly in a double-entry system

  • Journalize transactions and complete the accounting cycle

  • Use Excel to record transactions and produce financial statements

  • Walk into your introductory financial accounting exam with more confidence

Who this course is for

  • College and university students taking Principles of Financial Accounting or Introductory Accounting

  • High school students in bookkeeping or accounting

  • Entrepreneurs and small-business owners who want to understand their own books

  • Anyone who wants a solid foundation before taking a more advanced accounting course

No prior accounting knowledge is required. Excel files and case materials are included. Enroll now and start building the accounting skills that help students earn an A.

Reviews of this course

This is one of the best courses I have gone through. My finance knowledge has increased to large extent.  Sonalika Sood

Hi! at first i underestimated your way of teaching (because it was too theoretical) but now i enjoy your lecture. Thank you so much for your clear explanations!!! Laurent

It help me to understand how to measure and record balance sheet and income statement elements in organizations. Anonymized User Udemy Business.

Yes, it was good and got lot of things. Shanika Wijenarayana Sonnadara Udemy Business.

Having this new kind of perspective in Financial Accounting is an amazing learning. Anonymized User Udemy Business.
Read More Beginner Beginner Level product length iconTime: 3.3h

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Instructor Details

Dr. John Daniel Mclellan

  I am a professor of management accounting with more than 35 years of teaching experience. I help college students, MBA students, and CMA candidates learn financial accounting, managerial accounting, and cost accounting in a clear, practical way.

I earned the Certified Management Accountant (CMA) designation more than 40 years ago, then completed an MBA and a Ph.D. in accounting. I also hold the Certified Quality Auditor credential.

My courses focus on the skills students actually need: Get an A in introductory financial accountingMaster managerial accounting tools: CVP, budgets, incremental analysis, and cost systemsPrepare for CMA Part 1 and Part 2 with exam-style practiceI explain accounting as the language of business, then walk through journals, financial statements, job costing, process costing, ABC, standard costing, and decision analysis with demonstration problems,

Excel cases and real-company examples.

I have taught thousands of students on Udemy and created more than 30 accounting and management courses. If you want accounting that is clear, structured, and usable in class or on the CMA exam, you are in the right place.

Dr. John Daniel Mclellan

BA, CMA, MBA, Phd and CQA

Read More

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Reviews

4.1

1,013 ratings on Udemy

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

Write a review

By Laurent on 10/4/2023

Hi! at first i underestimated your way of teaching (because it was too theoretical) but now i enjoy your lecture. Thank you so much for your clear explanations!!!

By Anonymized User on 9/19/2023

It help me to understand how to measure and record balance sheet and income statement elements in organizations

By Chris Eichenberg on 10/24/2022

#17 under Section 13 has no sound. Could be better organized, condensed would be a better term; many sections have just one item applied to them. the biggest issue is the question forms, these are not web friendly on either site. Though I understand his reasoning, udemy not providing a way to download course transcripts is very annoying, he also should consider that some companies might not allow a site from outside the company's designated ones ( domestic or foreign ) to open.

By Anonymized User on 9/23/2022

This Principles of Financial Accounting would be applied in operations of the company to have a deeper understanding of the methods to be used in handling accounts.

By Anonymized User on 7/28/2022

It's been a good experience so far, the only thing I would've liked is if there were PDF resources to download so that I can refer to them at a later stage.

By Desmond D'Costa on 3/26/2022

Enjoyed the content and the instruction! Did not care much for the need to shell outside of the main course content (HP5 platform) but not a deal breaker, at least not for me.

By Anonymized User on 2/25/2022

Thank you, I have learned a lot about Financial Accounting. It's not easy but it help me to have background or ideas about Accounting.

By Daniel Ating on 7/28/2016

Many of the worked examples do not reflect the information/resources for the lecture. Seems out of date. Files missing. Inventory section needs more elaboration and depth.

By Mohammed_ali111 on 11/14/2015

I liked your explanations dr, because you explain every chapter step by step so that’s very good and understandable to the students, and each video or each lecture almost is not so long. also dr, thank you very much for this kind of teaching style really even am already take this course but I feel I need to go through this videos to learn from you dr because it's very important course .

By Sonalika Sood on 10/28/2015

This is one of the best courses i have gone through.My finance knowledge have increased to large extent.

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Overall Score : 82 / 100

Financial Accounting Principles: Get an A in Accounting
Visit course on Udemy Write a review
  • Video Duration: icon 3.3h
  • Price: $19.99
  • Provider: icon Udemy
  • Updated: icon August 2026
  • Level: Beginner Beginner
  • Language: icon English
  • Certificate: icon Yes
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