Duration of the online course: 10 hours and 14 minutes
4.48
(110)
Immerse yourself in the comprehensive world of Financial Accounting. This extensive 10-hour and 14-minute course unravels the intricate details of accounting principles, making it an essential resource for those pursuing a career in Business Administration, particularly within the Accounting subcategory. With an impressive average rating of 4.5 out of 5 stars, this course is celebrated by many for its depth and clarity.
The journey begins with a foundational overview in FA1 - Introduction to Financial Accounting. As you advance, you'll explore the rudiments of The Accounting Equation. Through illustrative examples, the instructor ensures you grasp the pivotal concepts of Assets, Liabilities, and Equity, setting a solid base for more complex topics ahead.
The course expertly navigates you through the processes of Preparing the Financial Statements and the Income Statement. You'll delve into crafting the Statement of Changes in Equity and the Balance Sheet, essential skills for any budding accountant. To further your analytical prowess, you'll also cover Financial Ratios, equipping you with the tools to assess the financial health of a business effectively.
Journal Entries are demystified as the instructor walks you through their explanations and examples. The mechanics of T-Accounts and the Trial Balance are made clear with practical illustrations. Adjusting Journal Entries, often seen as a challenging area, are tackled with multiple examples, ensuring you gain confidence and competence.
The course doesn't stop there; it takes you deeper into Preparing Detailed Financial Statements and understanding the nuances of Closing Journal Entries. A crucial aspect of accounting, Accounting for Cash, is examined thoroughly, along with Bank Reconciliation processes and related Journal Entries.
Diverse methods of handling Accounts Receivable, including the Percentage of Sales Method and the Aging of Receivables Method, are skillfully covered, alongside practical advice on Writing Off a Receivable. Inventory management, a critical component of any accounting system, is addressed from introductory concepts to specific inventory discount scenarios.
Gain insights into Merchandiser's Financial Statements, exploring both the Statement of Changes in Equity and the Balance Sheet. Master various Inventory methods such as FIFO, LIFO, and Weighted Average, each explained with clear, practical examples. The course further delves into Capital Asset Depreciation with different methods like Straight-Line, Units of Production, and Double Declining Balance.
Understanding and accounting for liabilities, warranties, and bonds, including those issued at a discount or premium, are covered comprehensively. Discover the intricacies of Shareholders' Equity with explicit problem-solving examples, and master the crucial Statement of Cash Flows using both direct and indirect methods.
The course culminates in a thorough exploration of Financial Statement Analysis, including Horizontal and Vertical Analysis. Lastly, you'll refine your skills in Financial Ratio Calculations and Analysis, providing you with a robust toolkit to tackle real-world financial challenges.
With expert guidance, this course promises to elevate your accounting knowledge, making you proficient in handling intricate financial tasks with confidence. Join the countless others who have rated this course highly and take your first step towards mastering Financial Accounting.
Video class: FA1 - Introduction to Financial Accounting
18m
Exercise: _What is the definition of assets in financial accounting?
Video class: FA2 - The Accounting Equation EXAMPLE
04m
Exercise: What is the missing liabilities amount for Business Two?
Video class: FA3 - Understanding Assets, Liabilities and Equity
08m
Exercise: _What is the account type of "long term investments"?
Video class: FA4 - Preparing the Financial Statements
07m
Exercise: What is the primary purpose of an income statement?
Video class: FA5 - Preparing the Income Statement
12m
Exercise: _What type of account is wages payable and is it current or long-term?
Video class: FA6 - Preparing the Statement of Changes in Equity
06m
Exercise: Understanding Statement of Changes in Equity
Video class: FA7 - Preparing The Balance Sheet
13m
Exercise: _What is the purpose of dating the balance sheet with a specific date instead of saying "for the year-end"?
Video class: FA8 - Financial Ratios
12m
Exercise: What is considered a safe current ratio?
Video class: FA9 - Journal Entries Explained
18m
Exercise: _What is the reason why understanding journal entries is crucial in financial accounting courses?
Video class: FA10 - Journal Entries Example
23m
Exercise: What is the correct entry for the initial investment in a company?
Video class: FA11 - T-Accounts Explained
10m
Exercise: _What is the purpose of posting journal entries into T accounts?
Video class: FA12 - The Trial Balance Example
06m
Exercise: What is the primary purpose of preparing a trial balance?
Video class: FA13 - Adjusting Journal Entries Explained
04m
Exercise: _What is the purpose of adjusting journal entries in financial accounting?
Video class: FA14 - Adjusting Journal Entries EXAMPLES
32m
Exercise: How do prepaids become an expense?
Video class: FA15 - Adjusting Journal Entries - MORE EXAMPLES
17m
Exercise: What is the amount of Supplies Expense recorded on June 30th?
Video class: FA16 - Adjusted Trial Balance
09m
Exercise: What is the purpose of creating an adjusted trial balance?
Video class: FA17 - Preparing Detailed Financial Statements
17m
Exercise: _What is the net income of Net Lock Security for the year ended June 30, 2024?
Video class: FA18 - Closing Journal Entries EXPLAINED
09m
Exercise: What is a closing journal entry meant to do at the end of a fiscal year?
Video class: FA19 - Accounting for Cash
08m
Exercise: _What was the author's job at the bank?
Video class: FA20 - Bank Reconciliation Example
18m
Exercise: What amount should be added to correct the error in the cash account due to the bookkeeper's mistake?
10 hours and 14 minutes of online video course
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Course comments: Financial Accounting
Edward wright (Eddie)
ok
Mpho Ngobeni
I really loved the course, the facilitator is very knowledgeable and easy to listen to.
Joseph Kobilo
Good information
Youssef Ayman
appreciate for Dr. Tony Bell, it’s the most important course for business students
Reshma kazi
simple and easy explanation to understand.
Prassan Parab
great course
Constanta-Alina Fernandes
Excellent comprehensive financial accounting course with extensive explanations. I searched for a free professional bookkeeping course for years.
Livingstone Doko
this is a great course. I love it
Floyd Mabaso
great course content
Unathi Hlalatu
I enjoyed the course, great stuff