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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!

4.5

3,107 reviews

Created by: David Burrell

Last updated September 2020

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.

How it compares

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

Rating4.5 out of 5higher than 49% of them
Reviews3,107#20 of 201 by number of reviews
Length9.8 hourslonger than 64% of them
Last updatedSeptember 2020earlier than 75% of them

Course Description

Welcome to the Financial Accounting Crash Course.

This course will provide you with 69 video lessons that span over 10 hours 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 it’s paying our employees, issuing a dividend to shareholders or purchasing a capital asset, we report it. Bookkeeping ensures 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 Accounting
Assets, Liabilities and Equity
Debits and Credits and The Double Entry Accounting System
The Accounting Cycle, including: Journal Entries, T-accounts, General Ledger, Trial Balance Statements, Adjusting Entries, Adjusted Trial Balance Statements, and Closing Entries

The second part of the crash course will cover:

Merchandise Inventory: Perpetual and Periodic Systems
Inventory Costing Systems: FIFO, Weighted-average, LIFO
Receivables and Bad Debts
Revenue Recognition
Depreciation and Amortization
Intangible Assets
The Cash Flow Statement: Indirect Method

**BONUS: Financial Accounting final exam downloadable .PDF now included at the end of the course!**

HERE'S WHAT SOME STUDENTS OF HAVE TOLD ME ABOUT MY COURSE:

"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.

All Levels

Time: 9.8h

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Instructor Details

David Burrell

4.5 Rating
3,107 Reviews

I worked on my Bachelor of Commerce, majoring in Accounting and Finance at Ryerson University and 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 CPA websites and continuing education websites like TVO's, Independent Learning Center.

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

During the summer I took some time to go back and re-read everything from the beginning. I focused on the fundamentals specifically, because everything you learn 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 only provide lectures on the subject, but also provide a deep understanding of the material.