Duration of the online course: 28 hours and 47 minutes
4.3
(49)
Build job-ready accounting skills fast with this free course: master debits/credits, journal entries, financial statements, and confidence for business.
In this free course, learn about
Accounting Foundations
Journal Entries and Core Accounting Tools
Trial Balance and Account Classifications
Adjusting Entries and Equity
Inventory Accounting Methods
Payroll, Loans, and Business Transactions
Bank Reconciliation and Depreciation
Managerial Accounting and Break-Even Analysis
Widget Incorporated Accounting Case Study
Accounting Fundamentals Review
Accounting Classes and Practice Tests
Fast Accounting Basics
Notes, Prepaids, and Owner Equity
Applied Journal Entries and Accounting Problems
About the free online course
If accounting has ever felt like a different language, this beginner-friendly course helps you translate it into something practical, predictable, and useful for real work. You will learn how the core logic of accounting fits together, so you can stop memorizing rules and start understanding why every transaction has a specific place in the books. The focus is on building confidence from the ground up, whether you are a student, an aspiring entrepreneur, or someone moving into an entry-level business role.
Step by step, you will connect debits and credits to the accounting equation and learn how that structure drives everything else. As you practice journal entries, the double-entry system starts to feel less like a mystery and more like a simple way to keep records balanced and accurate. The course guides you through how everyday activity, getting paid, paying bills, buying equipment, borrowing money, affects accounts such as cash, receivables, payables, equity, revenue, and expenses.
You will also build the ability to read and explain the big financial statements in plain terms. Income statement thinking helps you understand how revenue and expenses flow into profit, while balance sheet thinking helps you track what a business owns, owes, and retains over time. Along the way, you will learn how common adjustments work, including situations involving prepaid items, unearned revenue, accruals, and depreciation, so your numbers better reflect what actually happened in the period.
Because accounting becomes clear through repetition and feedback, the course includes frequent checks for understanding and applied questions that reinforce the underlying patterns. By the end, you should be able to follow the trail from a transaction to its journal entry, into ledger thinking, and out to the statements with far less confusion. It is a practical starting point for anyone who wants to operate more effectively in business and marketing contexts, communicate better with finance teams, or prepare for further study in accounting.
Course content
Video class: Accounting for Beginners #1 / Debits and Credits / Assets = Liabilities Equity04m
Exercise: What is the main concept emphasized in the DC/ADE/LER mnemonic for accounting?
Video class: Accounting For Beginners #2 / Basics / Accounting Equation / Accounting Tutorial10m
Exercise: What is the basic accounting equation mentioned?
Video class: Accounting for Beginners #3 / Journal Entries / Beginner Tips / Basics / Accounting Tutorial13m
Exercise: What should be recorded as a Debit in the journal entry when a service is provided and payment is received?
Video class: Accounting for Beginners #4 / Income Statement / Revenue - Expenses08m
Exercise: What is an Income Statement primarily comprised of?
Video class: Accounting for Beginners #5/ The Balance Sheet / Basic Tutorial07m
Exercise: What is the basic accounting equation represented in the balance sheet?
Video class: Accounting for beginners #6 / Putting an Asset on the Balance Sheet06m
Exercise: What is the journal entry for purchasing a truck for $30,000 if the payment is made in cash?
Video class: Accounting for beginners #7 / Depreciating an Asset / Basics06m
Exercise: What is the correct journal entry for annual depreciation of a truck valued at $5,000?
Video class: Accounting for beginners #8 / Depreciation Expense / Basics05m
Exercise: How do you calculate straight-line depreciation for a vehicle worth $30,000 with a salvage value of $5,000 at the end of 5 years?
Video class: Accounting for beginners #9 / Accounts Receivable / Basics04m
Exercise: What is Accounts Receivable classified as in accounting?
Video class: Accounting for Beginners #10 / Accounts Payable / Basics02m
Exercise: What is the nature of Accounts Payable in accounting?
Video class: Accounting For Beginners #11 / Fifo and Lifo Inventory / Basics05m
Exercise: What is the effect of using LIFO inventory valuation method on the net income?
Video class: Accounting For Beginners #12 / 1 Journal Entry With 2 Assets / Basics07m
Exercise: What is the journal entry for buying a desk for $500 in cash?
Video class: Accounting for Beginners #13 / Accounting Study Guide / Template07m
Exercise: What is the correct order of DC A LER for accounting?
Video class: Accounting for Beginners #14 / Journal Entry with Cash / Expense05m
Exercise: How to record a $300 payment to Comcast in a journal entry?
Video class: Accounting For Beginners #15 / Journal Entry With Cash / Revenue05m
Exercise: What is the correct journal entry for receiving $500 for services performed?
Video class: Accounting For Beginners #16 / Debits04m
Exercise: What is the mirror aspect in basic accounting?
Video class: Accounting For Beginners #17 / T-Accounts / Debits and Credits / Accounting 10110m
Exercise: What is the left side of a T-account called in accounting?
Video class: Accounting For Beginners #18 / What is a Draw? / Withdraw / Distribution / Dividend / Equity08m
Exercise: What is a draw in accounting?
Video class: Accounting for Beginners #19 / Don't Abbreviate / Accounting 101 / Basics08m
Exercise: What does the abbreviation 'COGS' stand for in accounting terms?
Video class: Accounting For Beginners #20 / Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses08m
Exercise: What is the correct order for listing accounts on a Chart of Accounts?
Video class: Accounting For Beginners #21 / T Account Example / Accounting Tutorial09m
Exercise: Why is it important to create a t-account for every account in the chart of accounts?
Video class: Accounting For Beginners #22 / Trial Balance Unadjusted / Accounting Basics10m
Video class: Accounting For Beginners #23 / Cash in a Bank Account / Checking Account / Basic Accounting12m
Video class: Accounting For Beginners #24 / Does The Transaction Increase Assets / Accounting Basics10m
Video class: Accounting for Beginners #25 / Accounts Receivable Example / Accounting 101 / Accounting Basics11m
Video class: Accounting For Beginners #26 / Reducing Accounts Receivable / We got Paid / Accounting basics07m
Exercise: What is the journal entry for the transaction "receive cash as payment from customer on account for $2,000"?
Video class: Accounting for Beginners #27 / Paying an Expense / Does it Increase Assets / Accounting Tips09m
Video class: Accounting for Beginners #28 / Assets / What is an Asset ? / Accounting Basics / Balance Sheet07m
Video class: Accounting for Beginners #29 / Liabilities / What are Liabilities / Accounting 10108m
Video class: Accounting for Beginners #30 / Equity / What is Equity / Accounting 101 / Balance Sheet08m
Video class: Accounting for Beginners #31 / Adjusting Entries / Journal Entries / Depreciation Expense08m
Exercise: What is the purpose of adjusting entries in accounting?
Video class: Accounting for Beginners #32 / Adjusting Entries / Journal Entries / Prepaid Expense10m
Video class: Accounting for Beginners #33 / Adjusting Entries / Journal Entries / Unearned Revenue09m
Video class: Accounting for Beginners #34 / Adjusting Entries / Journal Entries / Accrued Revenue09m
Video class: Accounting for Beginners #35 / Adjusting Entries / Journal Entries / Accrued Expense10m
Video class: Accounting for Beginners #36 / Adjusting Entries Summary / Journal Entries / Basic Accounting09m
Exercise: What is the mapping system that CPA Strength uses for accounting?
Video class: Accounting for Beginners #37 / Net Income / Income Statement / Balance Sheet / Accounting Basic11m
Video class: Accounting for Beginners #38 / Retained Earnings / Balance Sheet / Journal Entry / Accounting Basics07m
Video class: Accounting for Beginners #39 / What is the Equity / Balance Sheet / Shareholder Distribution10m
Video class: Accounting for Beginners #40 / Inventory / Asset / Journal Entry / Purchasing Inventory12m
Video class: Accounting for Beginners #41 / Perpetual Inventory Vs. Periodic Inventory/ Asset / Journal Entry12m
Exercise: What is the difference between perpetual inventory and periodic inventory?
Video class: Accounting for Beginners #42 / Inventory Perpetual / FIFO / First In First Out / Accounting 10112m
Video class: Accounting for Beginners #44 / Inventory Perpetual / Weighted Average / Accounting 101 / Valuation11m
Video class: Accounting for Beginners #45 / LIFO / FIFO / Weighted Average / Summary / Inventory Perpetual16m
Video class: Accounting for Beginners #46 / FIFO / First in First Out Journal Entries / Inventory Perpetual15m
Video class: Accounting for Beginners #47 / LIFO / Last in First Out Journal Entries / Inventory Perpetual12m
Video class: Accounting for Beginners #43 / Inventory Perpetual / LIFO / Last in First Out / Accounting Basics11m
Video class: Accounting for Beginners #48 / Example of Negative Draw / Shareholder Distribution / Accounting 10109m
Video class: Accounting for Beginners #49 / Why is the Truck an Asset? / Why is the Truck not an Expense?15m
Video class: Accounting for Beginners #50 / DC ADE LER / Its a Lifestyle !!! / Debit and Credit Mapping System18m
Video class: Accounting for Beginners #51 / Payroll / Employees Net Pay / Where do the Taxes Go? / Accounting 10113m
Exercise: What is considered a payroll in CPA Strength's opinion?
Video class: Accounting for Beginners #52 / Payroll / Employer taxes / Employer FICA match / Accounting 10111m
Video class: Accounting for Beginners #54 / Tax Refund / Getting Money from your Tax Return / Federal Withholding12m
Video class: Accounting for Beginners #53 / Payroll Journal Entry / Payroll Taxes / Accounting Basics15m
Video class: Accounting for Beginners #55 / Loaning a Business Cash / Increasing a Liability / Journal Entry14m
Video class: Accounting for Beginners #56 / Paying a Loan Back / Reducing Liabilities / Accounting 10112m
Exercise: What is the correct way to pay back a loan in the scenario presented by CPA Strength?
Video class: Accounting for Beginners #57 / Purchase Supplies on Account / Accounts Payable / Accounting 10120m
Video class: Accounting for Beginners #58 / Bank Reconciliation / Adjusted Balance / Accounting Basics Tutorial12m
Video class: Accounting for Beginners #59 / Bank Reconciliation Example / Adjusted Balance / Accounting Basics13m
Video class: Accounting for Beginners #60 / Accumulated Depreciation / Contra Asset / Accounting Basics12m
Video class: Accounting for Beginners #61 / Depreciation / Factors in Computing Depreciation / Accounting Basics14m
Video class: Accounting for Beginners #62 / Straight Line Depreciation Method / Accounting Tutorial 10115m
Video class: Accounting for Beginners #63 / Double Declining Balance Depreciation / With Residual Value10m
Video class: Accounting for Beginners #64 / Double Declining Balance Depreciation / Without Residual Value10m
Video class: Accounting for Beginners #65 / Straight Line Depreciation Method / Solve the Accounting Problem13m
Video class: Accounting for Beginners #66 / Double Declining Balance Depreciation / Solve Problem10m
Exercise: What is the double declining balance depreciation method?
Video class: Accounting for Beginners #67 / Fixed Costs / Variable Costs / Managerial Accounting Tutorial 10113m
Video class: Accounting for Beginners #68 / Contribution Margin / Managerial Accounting Tutorial 10110m
Video class: Accounting for Beginners #69 / Contribution Margin Example / Managerial Accounting Tutorial 10112m
Video class: Accounting for Beginners #70 / Breakeven Point / Revenue = Expense / Managerial Accounting Basics13m
Video class: Accounting for Beginners #71 / Breakeven Point Example / Managerial Accounting Basics Tutorial 10113m
Exercise: What is the break-even point in accounting?
Video class: Accounting for Beginners #72 / Target Profit / Managerial Accounting Basics Tutorial 10114m
Video class: Accounting for Beginners #73 / Loan From Shareholder / Balance Sheet / Widget INC #113m
Video class: Accounting for Beginners #74 / Paying Rent Expense / Journal Entry / Widget INC #211m
Video class: Accounting for Beginners #75 / Buying a Truck / Chart of Accounts / Widget INC #313m
Video class: Accounting for Beginners #76 / Getting Paid with Service Revenue / Income Statement / Widget INC #413m
Exercise: What is CPA Strength's favorite journal entry for receiving cash for services rendered?
Video class: Accounting for Beginners #77 / Paying an Independent Contractor / General Ledger / Widget INC #513m
Video class: Accounting for Beginners #78 / Getting Paid with Service Revenue / Journal Entry / Widget INC #614m
Video class: Accounting for Beginners #79 / Office Expense / Computer13m
Video class: Accounting for Beginners #80 / Accounts Receivable Journal Entry / Balance Sheet / Widget INC #813m
Video class: Accounting for Beginners #81 / Paying a Shareholders Loan Back / General Ledger / Widget INC #914m
Video class: Accounting for Beginners #82 / Accounts Payable / Liability / Balance Sheet / Widget INC #1018m
Video class: Accounting for Beginners #83 / Getting Paid From Accounts Receivable / Widget INC #1113m
Video class: Accounting for Beginners #84 / Depreciation Expense Journal Entry / Widget INC #1214m
Video class: Accounting for Beginners #85 / Net Income to Retained Earnings / Balance Sheet / Widget INC #1310m
Video class: Accounting for Beginners #86 / Service Revenue / Income Statement / Widget INC #1410m
Exercise: What account should be debited when Widget Incorporated makes $40,000 from Widget Service?
Video class: Accounting for Beginners #87 / Paying Back a Loan From Shareholder / Liability / Widget INC #1512m
Video class: Accounting for Beginners #88 / Shareholder Distribution/ withDRAW / Dividend / Widget INC #1609m
Video class: Accounting for Beginners #89 / ACCOUNTING in Five Minutes / Balance Sheet05m
Video class: Accounting for Beginners #90 / BALANCE SHEET in Five Minutes / ACCOUNTING 101 TUTORIAL / FAST05m
Video class: Accounting for Beginners #91 / what is the BEST? Assets, Draw, Expense, Liability, Equity, Revenue15m
Video class: Accounting for Beginners #92 / Debits = Left : Credits = Right / Neither is Good Nor Bad / Elevation10m
Video class: Accounting for Beginners #93 / How does the Journal Entry Balance ? / Assets = Liabilities Equity07m
Video class: Accounting for Beginners #94 / Debit the asset if Increasing / Credit the Asset if Decreasing12m
Video class: Accounting for Beginners #95 / ACCOUNTING EQUATION / BALANCE SHEET / ASSETS / LIABILITIES / EQUITY08m
Video class: Accounting for Beginners #96 / withDRAW / SHAREHOLDER DISTRIBUTION / DIVIDENDS / THE BALANCE SHEET08m
Exercise: What is the basic accounting equation?
Video class: Accounting for Beginners #97 / ACCOUNTS RECEIVABLE / GENERAL LEDGER / SERVICE REVENUE / CPA STRENGTH09m
Video class: Accounting for Beginners #98 / IS IT AN ASSET OR EXPENSE / DEPRECIATION EXPENSE / ACCOUNTING06m
Video class: HOW TO PASS YOUR FIRST ACCOUNTING CLASS / WRITE THIS DOWN EVERY DAY / ACCOUNTING FOR BEGINNERS #9908m
Video class: ASSETS = LIABILITIES EQUITY / THE BASIC ACCOUNTING EQUATION / ACCOUNTING FOR BEGINNERS #10013m
Video class: TANGIBLE07m
Exercise: What is a tangible asset?
Video class: ACCRUAL BASIS VS. CASH BASIS / ACCOUNTING FOR BEGINNERS #102 / ACCRUED DEFERRED / CPA STRENGTH05m
Video class: ACCOUNTING CLASS / BALANCE SHEET / JOURNAL ENTRIES / ASSETS = LIABILITIES EQUITY1h59m
Video class: ACCOUNTING PRACTICE TEST / BALANCE SHEET / JOURNAL ENTRIES / ASSETS = LIABILITIES EQUITY / #21h03m
Video class: ACCOUNTING PRACTICE TEST / BALANCE SHEET / JOURNAL ENTRIES / ASSETS = LIABILITIES EQUITY1h23m
Video class: Accounting Basics Fast03m
Exercise: What is the key to mastering accounting according to CPA Strength?
Video class: Accounting Basics Fast04m
Video class: Accounting Basics Fast05m
Video class: Accounting Basics Fast06m
Video class: Accounting Basics Fast03m
Video class: Accounting Basics Fast03m
Exercise: If an asset is decreasing in value, what do we do with it?
Video class: Accounting Basics Fast02m
Video class: Accounting Basics Fast01m
Video class: Accounting Basics Fast03m
Video class: Accounting Basics Fast03m
Video class: Accounting Basics Fast02m
Exercise: What does DC a blur stand for in accounting?
Video class: Simple Interest on a Note Payable / Accounting for Beginners #118 / How to Complete a Journal Entry03m
Video class: Note Payable Journal Entry / How to Record a Journal Entry / Accounting for beginners #11713m
Video class: Note Payable Repayment with Interest Journal Entry / Accounting for beginners #119 / Positivity09m
Video class: Accrued Interest Expense Balancing on the Balance Sheet / Accounting for Beginners #120 / POSITIVITY06m
Video class: Prepaid Insurance Journal Entry / Balance Sheet11m
Video class: What is Capital or Owners Equity ? Accounting 101 / Accounting for Beginners #122 / SHOW UP TO WIN10m
Video class: Statement of Changes in Equity / What is the Net Income? / Accounting for Beginners #123 / Elevate07m
Video class: Journal Entries for Accounting Made Easy / Prepaid Rent is Asset / Accounting for Beginners #12509m
Video class: Journal Entries for Accounting Made Easy / Capital Contribution / Accounting for Beginners #12408m
Video class: Journal Entries for Accounting Made Easy / Prepaid Insurance / Accounting for Beginners #12607m
Exercise: If you paid someone $1800 for property and casualty insurance policies for the year, what would happen to your cash account and how would you record it in a journal entry?
Video class: Journal Entries for Accounting Made Easy / Unearned Revenue / Accounting for beginners #12706m
Video class: Journal Entries for Accounting Made Easy / Accounts Payable / Accounting for Beginners #12806m
Video class: Journal Entries for Accounting made Easy / Accounts Receivable / Accounting for Beginners #12906m
Video class: Journal Entries For Accounting Made Easy / Advertising Expense / Accounting for Beginners #13006m
Video class: Journal Entries for Accounting Made Easy / Reducing Accounts Payable / Accounting for beginners #13108m
Exercise: What account would you debit when paying Morrilton Company $800 for debt incurred on April 7th?
Video class: Journal Entries for Accounting made Easy / Service Revenue / Accounting for beginners #13208m
Video class: Accounting For Beginners #133 / Balance Sheet / Basic Accounting Equation15m
Video class: Accounting for Beginners #134 / Wages Payable Journal Entries / Liabilities on the Balance Sheet10m
Video class: ACCOUNTING Q1h54m
Video class: Journal Entries with Cash / increasing a debit / decreasing a Credit / Accounting for Beginners #13610m
Exercise: What happens when an account is decreasing?
Video class: Journal Entry with a WithDraw / Shareholder Distribution / Accounting for beginners #13714m
Video class: Accounting Basics / Petty Cash Journal Entrries / Accounting for Beginners #138 / CPA Strength17m
Video class: Accounting Problem Solved / What is the ending Equity / Accounting for Beginners #13910m
What is the accounting equation, and how is it used on a balance sheet?
The accounting equation is Assets = Liabilities + Equity. A balance sheet uses it to show what a business owns, owes, and retains.
How do you record a cash payment for an expense in a journal entry?
Debit the relevant expense account and credit Cash for the same amount, such as debit Utilities Expense and credit Cash for a Comcast payment.
How is straight-line depreciation calculated for a business vehicle?
Subtract salvage value from the vehicle cost, then divide by its useful life. For $30,000 cost, $5,000 salvage value, and five years, annual depreciation is $5,000.
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Course comments: Accounting for beginners
Tenayish
he's just that good
maryann
it briefly and understand
Yakub I Tetelepta
this is good course... verry easy to follow just need to keep think the DC ADE LER... thanks man...
Geo Hann
that's good can I have accounting principles please