Financial Accounting: The Complete Introductory Crash Course (Udemy.com)

Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!

( 106 Reviews )

Created by: David Burrell, BComm

Produced in 2021

What you will learn

Understand the Accounting Equation and the Debit/Credit System.
Identify All Stages of The Accounting Cycle.
Measure, Value and Re-value Assets, Liabilities and Equity.
Apply Financial Accounting Principles to Business Settings.
Prepare a Cash Flow Statement.
Develop a Basic Understanding of GAAP and IFRS Accounting Policies.

Quality Score

Content Quality

Video Quality

Qualified Instructor

Course Pace

Course Depth & Coverage

Overall Score : 86 / 100

Course Description

Welcome to the Financial AccountingCrash Course. This course will provide you with 69video lessons that span over 10hours of content(including quizzes to help test your knowledge). Follow along as I explain the basics about assets, liabilities and equity, along with fundamental concepts like the accounting equation, debits and credits, the accounting cycle, financial statements and more!
Financial accounting is the language of business. In business, we use financial accounting to report everything we do. Whether its paying our employees, issuing a dividend to shareholders or purchasing a capital asset, we report it. Bookkeepingensures that we have a history of every economic activity. Summarizing all of these transactions into financial statements provides us with a general snapshot of our performance and position in the marketplace. Having this financial information at our fingertips is key to future planning and decision making.
The first part of the crash course will cover:
Basics of Financial AccountingAssets, Liabilities and EquityDebits and Credits andThe Double Entry Accounting SystemThe Accounting Cycle, including: Journal Entries,T-accounts, General Ledger, Trial Balance Statements, Adjusting Entries, Adjusted Trial Balance Statements, andClosing EntriesThe second part of the crash course will cover:
Merchandise Inventory:
Perpetual and Periodic SystemsInventory Costing Systems:
FIFO, Weighted-average, LIFOReceivables and Bad DebtsRevenue RecognitionDepreciation and AmortizationIntangible AssetsThe Cash Flow Statement:
IndirectMethod**BONUS:
Financial Accounting final exam downloadable .
PDFnow included at the end of the course!**HERE'S WHAT SOME STUDENTS OF HAVETOLDMEABOUTMYCOURSE:"The Notepirate videos got me through Acct 101 with a 97%. I've always found your videos easy to understand and well-paced." - Alan P."Hello Dave, just wanted to say thank you! Your videos helped my classmates and I tremendously. We did very well. 95%, 90%, 86%, 85%. Thanks again!" - Ariel S."Hey Dave. I'm also reviewing in order to become a CPA. Your videos are absolutely brilliant. I have never seen the business activities presented in such a manner... but I will remember this model for a lifetime now. Thank you so much for taking the time to record these videos. You truly are making a huge difference and impact on the world. Cheers..." - Sarah B.
Who this course is for:
College StudentsUniversity StudentsHigh School StudentsPotential CPA Test TakersBookkeepersSmall Business OwnersAccountantsManagers

Time: 10h

Instructor Details

David Burrell, BComm

4.3 Rating
106 Reviews

Iworked on myBachelor of Commerce, majoring in Accounting and Finance at Ryerson Universityand am currently working towards my CPA. I've run Notepirate(an accounting and finance website) for 5 years and have worked as an Accounting and Finance educator for 6 years. My videos have been used by countless CPAwebsites and continuing education websites like TVO's, Independent Learning Center.

Growing up in Toronto (Canada)Istarted my Accounting education in high school at North Toronto Collegiate. Like many of you, Istruggled to master the fundamentals of Accounting which eventually lead to me being frustrated and confused. Iunderstand this feeling (that you might be having)much too well.

During the summer Itook some time to go back and re-read everythingfrom the beginning. Ifocused on the fundamentals specifically, because everything youlearn in Accounting is derived from them. This provided a strong foundation for me to teach Accounting because of my original confusion with the subject but also my subsequent clarity of the subject.
When I explain concepts, you're going to see that I not onlyprovide lectureson the subject, but also provide a deep understanding of the material.
Accounting and finance has not only influenced my professional life but also my personal life. Decisions are made on a daily basis.Ibelieve that a strong education in Accounting and Finance equips us with the know how t

Reviews

4.3

106 total reviews

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Write a Review

By Hazel McFarlane on 12/13/2020

Unprofessional

By Pamela Joy on 11/13/2020

Yes.

By Mira Radieva on 10/16/2020

It seems like these videos are from youtube. I've done other courses where the teacher does a better job of laying out the flow of the class and strategies on how to tackle everything. This guy seems to know his material but I just can't get past the youtube feel.

By Harvey Keith T Honorio on 9/16/2020

Great content!

By Sandy Roussel on 9/16/2020

Great and knowledgeable explanations!

By Darshan D P on 9/6/2020

GOOD

By Tony Henry on 7/24/2020

Great class. Hope it helps me in this pandemic!!!

By Uriel Tocker on 7/22/2020

This course is amazing as it helps boost your knowledge about basic accounting principles as well as well help one get a better grasp on accounting during their studies.

By Adelia Widiyanti on 7/19/2020