Unlocking Accounting Expertise: What You Get in this Comprehensive Course
Introduction: Mastering the Fundamental Equation
At the heart of financial understanding lies the most crucial equation in Accounting: ASSETS = LIABILITIES + OWNER’S EQUITY. This course demystifies this equation, providing a foundation for comprehending financial transactions. With clear explanations and practical examples, participants will develop a profound understanding of how assets, liabilities, and owner’s equity interact to impact financial statements.
Clarity with Accounting Fundamentals
For those grappling with the fundamentals, this course offers clarity. From financial statements to the Accounting Equation, Debits & Credits, and Cash vs. Accrual methods, each concept is meticulously broken down with clear examples. The objective is to instill confidence in accounting by building a robust foundation for the journey into Finance & Accounting.
World of Accounting Roles: A Comprehensive Exploration
Delving into the expansive realm of Accounting, this course covers various roles, key concepts, and departments. Participants will gain a comprehensive understanding of this global discipline, navigating through financial reporting, auditing, taxation, and management accounting. The course aims to unlock the secrets of the accounting profession.
Building Foundations for a Successful Accounting Career
For those aspiring to become successful accountants, this course lays the groundwork. It explores accounting degrees, licenses, certifications, and designations. Participants will be guided in choosing the right educational path, understanding professional requirements, and acquiring the knowledge necessary to excel in the field.
Course Structure: A Roadmap to Expertise
Getting Started
- Intro to the course
- How to use this course
- About me
Understanding Accounting
- The Definition of Accounting
- The World of Finance & Accounting
- Accounting Degrees, Certifications, Licenses, and Designations
- The difference between Accounting & FP&A
The Basics of Accounting
- Intro to the financial statements
- The Accounting Equation
- GAAP vs IFRS
- Cash vs Accrual
- The Matching Principle
- Taxes
- Auditing
- Debits & Credits
Deep Dive on the Financial Statements
- Financial statement preparation
- Related reports
- Bank Register
- Bank Reconciliation
- The General Ledger
- The Chart of Accounts
- The Trial Balance
- Accounts Payable Ledger
- Accounts Receivable Ledger
- The Profit & loss
- Revenue
- COGS
- Gross Profit & Gross Margin
- Operating Expenses / Selling SG&A
- Net Operating Income
- Other Income Other Expense, and Net Other Income
- Net Income
- The Balance Sheet
- The Balance Sheet Overview
- Assets
- Liabilities
- Owners Equity
- The Statement of Cash Flows
- The Statement of Cash Flows Overview
- Direct vs Indirect Method
- The Sections of the Cash Flows
Adjusting Journal Entries
- T Accounts
- Prepaid Expenses
- Accounts Receivable
- Inventory
- Fixed Assets, Depreciation & Amortization
- Accounts Payable
- Accrued Expenses
- Deferred Revenue
- Common vs Preferred Stock
Recap & Wrap-Up
- Other areas of accounting
- Continued Learning
In conclusion, this course promises to equip participants with a comprehensive understanding of accounting, covering fundamental concepts, roles, financial statements, and practical applications. Whether you’re a beginner or seeking to deepen your accounting expertise, the course offers a structured roadmap to navigate the complexities of the accounting profession.
