Financial Accounting Made Easy for All

Financial Accounting Made Easy for All, available at $19.99, has an average rating of 4.25, with 86 lectures, 68 quizzes, based on 38 reviews, and has 138 subscribers.

You will learn about Explain the thirteen accounting principle Classify assets, liabilities and owner’s investment Describe the rules of debit and credit Record entries in the journal book Construct the T-account from journal entries Construct the Trial balance Construct the income statement and balance sheet with the help of the trial balance Explain the impact of each transaction on the components of the balance sheet Compute the net cash flows from operating, investing and financing activities Explain how a transaction affects the income statement, balance sheet and cash flow statement This course is ideal for individuals who are This course on Financial Accounting would be of immense value to business and accounting students, teachers, entrepreneurs, business owners, managers, working professionals from any function such as Marketing, Operations, HR, Accounts, etc., and from any industry. It is particularly useful for This course on Financial Accounting would be of immense value to business and accounting students, teachers, entrepreneurs, business owners, managers, working professionals from any function such as Marketing, Operations, HR, Accounts, etc., and from any industry.

Enroll now: Financial Accounting Made Easy for All

Summary

Title: Financial Accounting Made Easy for All

Price: $19.99

Average Rating: 4.25

Number of Lectures: 86

Number of Quizzes: 68

Number of Published Lectures: 86

Number of Published Quizzes: 67

Number of Curriculum Items: 154

Number of Published Curriculum Objects: 153

Original Price: $19.99

Quality Status: approved

Status: Live

What You Will Learn

Explain the thirteen accounting principle
Classify assets, liabilities and owner’s investment
Describe the rules of debit and credit
Record entries in the journal book
Construct the T-account from journal entries
Construct the Trial balance
Construct the income statement and balance sheet with the help of the trial balance
Explain the impact of each transaction on the components of the balance sheet
Compute the net cash flows from operating, investing and financing activities
Explain how a transaction affects the income statement, balance sheet and cash flow statement

Who Should Attend

This course on Financial Accounting would be of immense value to business and accounting students, teachers, entrepreneurs, business owners, managers, working professionals from any function such as Marketing, Operations, HR, Accounts, etc., and from any industry.

Target Audiences

This course on Financial Accounting would be of immense value to business and accounting students, teachers, entrepreneurs, business owners, managers, working professionals from any function such as Marketing, Operations, HR, Accounts, etc., and from any industry.

The topics covered under the subject ‘Financial Accounting’ have been designed and developed by Knowledge Horizon with the objective of demystifying these concepts for those with no prior knowledge. This is achieved with the help of our innovative, simple and easy to understand instructional strategy. These topics will equip you with the knowledge and tools to apply them in your field and functional areas. Through innovative instructional and presentational methodologies, we have tried to simplify a quantitative, and often complicated, subject like Financial Accounting with the help of animation, hence the title Animated Business Concepts (ABC). Not only do these topics save lots of your precious time, but they provide a productive and efficient learning experience owing to the use of excellent audio-visual presentational strategies. The idea is to make the concepts simple, easily accessible and enjoyable; concepts which you can use as quick reference learning material and which will fill in any knowledge gaps on the subject of Accounting easily, allowing you to apply what you learn according to your specific requirements.

This course encompasses all the fundamentals of Accounting and builds solid knowledge on the following nine issues:

Accounting Principles

Accounting Equations

Journal

T-account & Trial Balance

Income Statement

Balance Sheet

Journal to Balance Sheet

Cash Flow Statement

Interrelationship between Financial Statements

The above topics are explained through videos, easy to remember job aids and ready-to-use material and assessments to confirm your understanding on the relevant subject matter.

Course Curriculum

Chapter 1: Introduction

Lecture 1: Course Introduction

Chapter 2: Accounting Principles

Lecture 1: Generally Accepted Accounting Principles (GAAP)

Lecture 2: Business Entity & Money Measurement Principles

Lecture 3: Revenue Recognition & Dual Aspect Principles

Lecture 4: Accrual & Matching Principles

Lecture 5: Historical Cost & Accounting Period Principles

Lecture 6: Going Concern Principle

Lecture 7: Consistency & Conservatism Principles

Lecture 8: Materiality & Full Disclosure Principles

Lecture 9: Job Aids 01: Accounting Concepts

Lecture 10: Job Aids 02: Accounting Conventions

Chapter 3: Accounting Equation

Lecture 1: Components of Accounting Equation

Lecture 2: Understanding Assets

Lecture 3: Deferred Revenue Expenditure

Lecture 4: Understanding Expenses

Lecture 5: Liabilities and Owners Investment

Lecture 6: Understanding Revenues

Lecture 7: Job Aids 01: Accounting Equation

Lecture 8: Job Aids 02: Assets, Expenses, Liabilities, Owners Investment & Revenues

Chapter 4: Journal

Lecture 1: Journal Entries

Lecture 2: Debit & Credit Rules

Lecture 3: Format of Journal

Lecture 4: Recording of Capital & Assets in Journal

Lecture 5: Recording of Cash Purchases & Sales in Journal

Lecture 6: Recording of Liabilities & Expenses in Journal

Lecture 7: Recording of Investments & Expenses in Journal

Lecture 8: Recording of Credit Purchases & Sales in Journal

Lecture 9: Recording of Interest & Taxes in Journal

Lecture 10: Job Aids 01: Format of Journal

Lecture 11: Job Aids 02: Rules of Debit and Credit

Chapter 5: T Account and Trial Balance

Lecture 1: Introduction to ‘T’ account

Lecture 2: ‘T’ account for Capital & Rental Deposit

Lecture 3: ‘T’ account for Machinery & Cash

Lecture 4: ‘T’ account for Purchase of Furniture & Goods

Lecture 5: ‘T’ account for Sales & Freight Inwards

Lecture 6: ‘T’ account for Car & Bank Loan

Lecture 7: ‘T’ account for Wages & Salaries

Lecture 8: ‘T’ account for Fixed deposit & Rent

Lecture 9: ‘T’ account for Electricity Bills & Prepaid Insurance

Lecture 10: ‘T’ account for Credit Purchases & Sales

Lecture 11: ‘T’ account for Interest

Lecture 12: Balancing of ‘T’ account

Lecture 13: Trial Balance

Lecture 14: Job Aids 01: Format of ‘T’ Account

Lecture 15: Job Aids 02 Format of Trial Balance

Chapter 6: Income Statement

Lecture 1: Format of Income Statement

Lecture 2: Manufacturing and Operating Expenses – 1

Lecture 3: Manufacturing and Operating Expenses – 2

Lecture 4: Computation of Gross Profit

Lecture 5: How to Improve Gross Profit

Lecture 6: Computation of Net Profit

Lecture 7: Job Aids 01: Format of Income Statement

Lecture 8: Job Aids 02: Computation of Cost of Goods Sold

Instructors

Dr. Ma'en Al Qatamin
Founder of Knowledge Horizon & Ph.D. in Finance & Investment

Rating Distribution

1 stars: 1 votes
2 stars: 1 votes
3 stars: 2 votes
4 stars: 4 votes
5 stars: 30 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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