Free Course Image Accounting for beginners

Free online courseAccounting for beginners

Duration of the online course: 28 hours and 47 minutes

4.25

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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

  • Core accounting equation: Assets = Liabilities + Equity (and how it ties to the balance sheet)
  • Debit/credit rules using DC ADE LER (assets & expenses increase with debits; others with credits)
  • How to build journal entries for cash sales, expenses, asset purchases, A/R and A/P transactions
  • Using T-accounts, the general ledger, and why every account needs its own T-account
  • Preparing an unadjusted trial balance and understanding how entries keep books in balance
  • Income statement structure: revenues minus expenses = net income; link to retained earnings/equity
  • Accounting for fixed assets: capitalization vs expensing, accumulated depreciation as a contra-asset
  • Depreciation methods: straight-line and double-declining balance; compute and record entries
  • Adjusting entries purpose and types: prepaid, unearned, accrued revenue, accrued expense
  • Inventory accounting: perpetual vs periodic systems; FIFO, LIFO, weighted average and income effects
  • Payroll basics: net pay, withholdings, employer taxes, and payroll journal entries
  • Notes/loans payable: borrowing, repayments, and simple interest/accrued interest entries
  • Bank reconciliation basics and how to arrive at an adjusted cash balance
  • Managerial basics: fixed vs variable costs, contribution margin, break-even point, target profit

Course Description

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 Equity 04m
  • 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 Tutorial 10m
  • Exercise: What is the basic accounting equation mentioned?
  • Video class: Accounting for Beginners #3 / Journal Entries / Beginner Tips / Basics / Accounting Tutorial 13m
  • 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 - Expenses 08m
  • Exercise: What is an Income Statement primarily comprised of?
  • Video class: Accounting for Beginners #5/ The Balance Sheet / Basic Tutorial 07m
  • Exercise: What is the basic accounting equation represented in the balance sheet?
  • Video class: Accounting for beginners #6 / Putting an Asset on the Balance Sheet 06m
  • 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 / Basics 06m
  • 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 / Basics 05m
  • 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 / Basics 04m
  • Exercise: What is Accounts Receivable classified as in accounting?
  • Video class: Accounting for Beginners #10 / Accounts Payable / Basics 02m
  • Exercise: What is the nature of Accounts Payable in accounting?
  • Video class: Accounting For Beginners #11 / Fifo and Lifo Inventory / Basics 05m
  • 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 / Basics 07m
  • Exercise: What is the journal entry for buying a desk for $500 in cash?
  • Video class: Accounting for Beginners #13 / Accounting Study Guide / Template 07m
  • Exercise: What is the correct order of DC A LER for accounting?
  • Video class: Accounting for Beginners #14 / Journal Entry with Cash / Expense 05m
  • Exercise: How to record a $300 payment to Comcast in a journal entry?
  • Video class: Accounting For Beginners #15 / Journal Entry With Cash / Revenue 05m
  • Exercise: What is the correct journal entry for receiving $500 for services performed?
  • Video class: Accounting For Beginners #16 / Debits 04m
  • Exercise: What is the mirror aspect in basic accounting?
  • Video class: Accounting For Beginners #17 / T-Accounts / Debits and Credits / Accounting 101 10m
  • 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 / Equity 08m
  • Exercise: What is a draw in accounting?
  • Video class: Accounting for Beginners #19 / Don't Abbreviate / Accounting 101 / Basics 08m
  • Exercise: What does the abbreviation 'COGS' stand for in accounting terms?
  • Video class: Accounting For Beginners #20 / Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses 08m
  • Exercise: What is the correct order for listing accounts on a Chart of Accounts?
  • Video class: Accounting For Beginners #21 / T Account Example / Accounting Tutorial 09m
  • 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 Basics 10m
  • Video class: Accounting For Beginners #23 / Cash in a Bank Account / Checking Account / Basic Accounting 12m
  • Video class: Accounting for Beginners #24 / Does The Transaction Increase Assets / Accounting Basics 10m
  • Video class: Accounting for Beginners #25 / Accounts Receivable Example / Accounting 101 / Accounting Basics 11m
  • Video class: Accounting For Beginners #26 / Reducing Accounts Receivable / We got Paid / Accounting basics 07m
  • 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 Tips 09m
  • Video class: Accounting for Beginners #28 / Assets / What is an Asset ? / Accounting Basics / Balance Sheet 07m
  • Video class: Accounting for Beginners #29 / Liabilities / What are Liabilities / Accounting 101 08m
  • Video class: Accounting for Beginners #30 / Equity / What is Equity / Accounting 101 / Balance Sheet 08m
  • Video class: Accounting for Beginners #31 / Adjusting Entries / Journal Entries / Depreciation Expense 08m
  • Exercise: _What is the purpose of adjusting entries in accounting?
  • Video class: Accounting for Beginners #32 / Adjusting Entries / Journal Entries / Prepaid Expense 10m
  • Video class: Accounting for Beginners #33 / Adjusting Entries / Journal Entries / Unearned Revenue 09m
  • Video class: Accounting for Beginners #34 / Adjusting Entries / Journal Entries / Accrued Revenue 09m
  • Video class: Accounting for Beginners #35 / Adjusting Entries / Journal Entries / Accrued Expense 10m
  • Video class: Accounting for Beginners #36 / Adjusting Entries Summary / Journal Entries / Basic Accounting 09m
  • 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 Basic 11m
  • Video class: Accounting for Beginners #38 / Retained Earnings / Balance Sheet / Journal Entry / Accounting Basics 07m
  • Video class: Accounting for Beginners #39 / What is the Equity / Balance Sheet / Shareholder Distribution 10m
  • Video class: Accounting for Beginners #40 / Inventory / Asset / Journal Entry / Purchasing Inventory 12m
  • Video class: Accounting for Beginners #41 / Perpetual Inventory Vs. Periodic Inventory/ Asset / Journal Entry 12m
  • 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 101 12m
  • Video class: Accounting for Beginners #44 / Inventory Perpetual / Weighted Average / Accounting 101 / Valuation 11m
  • Video class: Accounting for Beginners #45 / LIFO / FIFO / Weighted Average / Summary / Inventory Perpetual 16m
  • Video class: Accounting for Beginners #46 / FIFO / First in First Out Journal Entries / Inventory Perpetual 15m
  • Video class: Accounting for Beginners #47 / LIFO / Last in First Out Journal Entries / Inventory Perpetual 12m
  • Video class: Accounting for Beginners #43 / Inventory Perpetual / LIFO / Last in First Out / Accounting Basics 11m
  • Video class: Accounting for Beginners #48 / Example of Negative Draw / Shareholder Distribution / Accounting 101 09m
  • 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 System 18m
  • Video class: Accounting for Beginners #51 / Payroll / Employees Net Pay / Where do the Taxes Go? / Accounting 101 13m
  • Exercise: _What is considered a payroll in CPA Strength's opinion?
  • Video class: Accounting for Beginners #52 / Payroll / Employer taxes / Employer FICA match / Accounting 101 11m
  • Video class: Accounting for Beginners #54 / Tax Refund / Getting Money from your Tax Return / Federal Withholding 12m
  • Video class: Accounting for Beginners #53 / Payroll Journal Entry / Payroll Taxes / Accounting Basics 15m
  • Video class: Accounting for Beginners #55 / Loaning a Business Cash / Increasing a Liability / Journal Entry 14m
  • Video class: Accounting for Beginners #56 / Paying a Loan Back / Reducing Liabilities / Accounting 101 12m
  • 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 101 20m
  • Video class: Accounting for Beginners #58 / Bank Reconciliation / Adjusted Balance / Accounting Basics Tutorial 12m
  • Video class: Accounting for Beginners #59 / Bank Reconciliation Example / Adjusted Balance / Accounting Basics 13m
  • Video class: Accounting for Beginners #60 / Accumulated Depreciation / Contra Asset / Accounting Basics 12m
  • Video class: Accounting for Beginners #61 / Depreciation / Factors in Computing Depreciation / Accounting Basics 14m
  • Video class: Accounting for Beginners #62 / Straight Line Depreciation Method / Accounting Tutorial 101 15m
  • Video class: Accounting for Beginners #63 / Double Declining Balance Depreciation / With Residual Value 10m
  • Video class: Accounting for Beginners #64 / Double Declining Balance Depreciation / Without Residual Value 10m
  • Video class: Accounting for Beginners #65 / Straight Line Depreciation Method / Solve the Accounting Problem 13m
  • Video class: Accounting for Beginners #66 / Double Declining Balance Depreciation / Solve Problem 10m
  • Exercise: _What is the double declining balance depreciation method?
  • Video class: Accounting for Beginners #67 / Fixed Costs / Variable Costs / Managerial Accounting Tutorial 101 13m
  • Video class: Accounting for Beginners #68 / Contribution Margin / Managerial Accounting Tutorial 101 10m
  • Video class: Accounting for Beginners #69 / Contribution Margin Example / Managerial Accounting Tutorial 101 12m
  • Video class: Accounting for Beginners #70 / Breakeven Point / Revenue = Expense / Managerial Accounting Basics 13m
  • Video class: Accounting for Beginners #71 / Breakeven Point Example / Managerial Accounting Basics Tutorial 101 13m
  • Exercise: _What is the break-even point in accounting?
  • Video class: Accounting for Beginners #72 / Target Profit / Managerial Accounting Basics Tutorial 101 14m
  • Video class: Accounting for Beginners #73 / Loan From Shareholder / Balance Sheet / Widget INC #1 13m
  • Video class: Accounting for Beginners #74 / Paying Rent Expense / Journal Entry / Widget INC #2 11m
  • Video class: Accounting for Beginners #75 / Buying a Truck / Chart of Accounts / Widget INC #3 13m
  • Video class: Accounting for Beginners #76 / Getting Paid with Service Revenue / Income Statement / Widget INC #4 13m
  • 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 #5 13m
  • Video class: Accounting for Beginners #78 / Getting Paid with Service Revenue / Journal Entry / Widget INC #6 14m
  • Video class: Accounting for Beginners #79 / Office Expense / Computer 13m
  • Video class: Accounting for Beginners #80 / Accounts Receivable Journal Entry / Balance Sheet / Widget INC #8 13m
  • Video class: Accounting for Beginners #81 / Paying a Shareholders Loan Back / General Ledger / Widget INC #9 14m
  • Video class: Accounting for Beginners #82 / Accounts Payable / Liability / Balance Sheet / Widget INC #10 18m
  • Video class: Accounting for Beginners #83 / Getting Paid From Accounts Receivable / Widget INC #11 13m
  • Video class: Accounting for Beginners #84 / Depreciation Expense Journal Entry / Widget INC #12 14m
  • Video class: Accounting for Beginners #85 / Net Income to Retained Earnings / Balance Sheet / Widget INC #13 10m
  • Video class: Accounting for Beginners #86 / Service Revenue / Income Statement / Widget INC #14 10m
  • 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 #15 12m
  • Video class: Accounting for Beginners #88 / Shareholder Distribution/ withDRAW / Dividend / Widget INC #16 09m
  • Video class: Accounting for Beginners #89 / ACCOUNTING in Five Minutes / Balance Sheet 05m
  • Video class: Accounting for Beginners #90 / BALANCE SHEET in Five Minutes / ACCOUNTING 101 TUTORIAL / FAST 05m
  • Video class: Accounting for Beginners #91 / what is the BEST? Assets, Draw, Expense, Liability, Equity, Revenue 15m
  • Video class: Accounting for Beginners #92 / Debits = Left : Credits = Right / Neither is Good Nor Bad / Elevation 10m
  • Video class: Accounting for Beginners #93 / How does the Journal Entry Balance ? / Assets = Liabilities Equity 07m
  • Video class: Accounting for Beginners #94 / Debit the asset if Increasing / Credit the Asset if Decreasing 12m
  • Video class: Accounting for Beginners #95 / ACCOUNTING EQUATION / BALANCE SHEET / ASSETS / LIABILITIES / EQUITY 08m
  • Video class: Accounting for Beginners #96 / withDRAW / SHAREHOLDER DISTRIBUTION / DIVIDENDS / THE BALANCE SHEET 08m
  • Exercise: _What is the basic accounting equation?
  • Video class: Accounting for Beginners #97 / ACCOUNTS RECEIVABLE / GENERAL LEDGER / SERVICE REVENUE / CPA STRENGTH 09m
  • Video class: Accounting for Beginners #98 / IS IT AN ASSET OR EXPENSE / DEPRECIATION EXPENSE / ACCOUNTING 06m
  • Video class: HOW TO PASS YOUR FIRST ACCOUNTING CLASS / WRITE THIS DOWN EVERY DAY / ACCOUNTING FOR BEGINNERS #99 08m
  • Video class: ASSETS = LIABILITIES EQUITY / THE BASIC ACCOUNTING EQUATION / ACCOUNTING FOR BEGINNERS #100 13m
  • Video class: TANGIBLE 07m
  • Exercise: _What is a tangible asset?
  • Video class: ACCRUAL BASIS VS. CASH BASIS / ACCOUNTING FOR BEGINNERS #102 / ACCRUED DEFERRED / CPA STRENGTH 05m
  • Video class: ACCOUNTING CLASS / BALANCE SHEET / JOURNAL ENTRIES / ASSETS = LIABILITIES EQUITY 1h59m
  • Video class: ACCOUNTING PRACTICE TEST / BALANCE SHEET / JOURNAL ENTRIES / ASSETS = LIABILITIES EQUITY / #2 1h03m
  • Video class: ACCOUNTING PRACTICE TEST / BALANCE SHEET / JOURNAL ENTRIES / ASSETS = LIABILITIES EQUITY 1h23m
  • Video class: Accounting Basics Fast 03m
  • Exercise: _What is the key to mastering accounting according to CPA Strength?
  • Video class: Accounting Basics Fast 04m
  • Video class: Accounting Basics Fast 05m
  • Video class: Accounting Basics Fast 06m
  • Video class: Accounting Basics Fast 03m
  • Video class: Accounting Basics Fast 03m
  • Exercise: _If an asset is decreasing in value, what do we do with it?
  • Video class: Accounting Basics Fast 02m
  • Video class: Accounting Basics Fast 01m
  • Video class: Accounting Basics Fast 03m
  • Video class: Accounting Basics Fast 03m
  • Video class: Accounting Basics Fast 02m
  • 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 Entry 03m
  • Video class: Note Payable Journal Entry / How to Record a Journal Entry / Accounting for beginners #117 13m
  • Video class: Note Payable Repayment with Interest Journal Entry / Accounting for beginners #119 / Positivity 09m
  • Video class: Accrued Interest Expense Balancing on the Balance Sheet / Accounting for Beginners #120 / POSITIVITY 06m
  • Video class: Prepaid Insurance Journal Entry / Balance Sheet 11m
  • Video class: What is Capital or Owners Equity ? Accounting 101 / Accounting for Beginners #122 / SHOW UP TO WIN 10m
  • Video class: Statement of Changes in Equity / What is the Net Income? / Accounting for Beginners #123 / Elevate 07m
  • Video class: Journal Entries for Accounting Made Easy / Prepaid Rent is Asset / Accounting for Beginners #125 09m
  • Video class: Journal Entries for Accounting Made Easy / Capital Contribution / Accounting for Beginners #124 08m
  • Video class: Journal Entries for Accounting Made Easy / Prepaid Insurance / Accounting for Beginners #126 07m
  • 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 #127 06m
  • Video class: Journal Entries for Accounting Made Easy / Accounts Payable / Accounting for Beginners #128 06m
  • Video class: Journal Entries for Accounting made Easy / Accounts Receivable / Accounting for Beginners #129 06m
  • Video class: Journal Entries For Accounting Made Easy / Advertising Expense / Accounting for Beginners #130 06m
  • Video class: Journal Entries for Accounting Made Easy / Reducing Accounts Payable / Accounting for beginners #131 08m
  • 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 #132 08m
  • Video class: Accounting For Beginners #133 / Balance Sheet / Basic Accounting Equation 15m
  • Video class: Accounting for Beginners #134 / Wages Payable Journal Entries / Liabilities on the Balance Sheet 10m
  • Video class: ACCOUNTING Q 1h54m
  • Video class: Journal Entries with Cash / increasing a debit / decreasing a Credit / Accounting for Beginners #136 10m
  • Exercise: _What happens when an account is decreasing?
  • Video class: Journal Entry with a WithDraw / Shareholder Distribution / Accounting for beginners #137 14m
  • Video class: Accounting Basics / Petty Cash Journal Entrries / Accounting for Beginners #138 / CPA Strength 17m
  • Video class: Accounting Problem Solved / What is the ending Equity / Accounting for Beginners #139 10m

This free course includes:

28 hours and 47 minutes of online video course

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Exercises to train your knowledge

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Course comments: Accounting for beginners

M

maryann

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it briefly and understand

YI

Yakub I Tetelepta

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this is good course... verry easy to follow just need to keep think the DC ADE LER... thanks man...

GH

Geo Hann

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that's good can I have accounting principles please

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