Course curriculum

  • 1

    Accounting Overview

    • Understanding Accounting

    • Accounting 101

    • Assumptions Accountants Make

    • Accounting Principles and Assumptions

    • General Purpose of Accounting

    • Accounting Categories

    • The Simplest Kind of Accounting System

    • Accounting & Newton's 3rd Law

    • Kinds of Accounts: Assets, Liabilities and Equity

    • Understanding How Debits and Credits Work

    • Journalizing in Accounting

    • Journalizing + The Chart of Accounts For The Balance Sheet

    • Understanding the Chart of Accounts for the Income Statement

    • Journalizing Examples Part 1

    • Journalizing Examples Part 2

    • Wrap Up of Journalizing

    • The Big Secret of Accounting

  • 2

    Financial Statements

    • Introduction to Financial Statements

    • Financial Statements and the Balance Sheet

    • Looking at the Balance Sheet

    • Dividing Up the Balance Sheet

    • Looking at the Different Sections of the Balance Sheet

    • Problems with Understanding the Balance Sheet

    • How to Look At The Balance Sheet

    • How to Read a Balance Sheet

    • Reading the Balance Sheet for NonCurrent Assets

    • Reading the Balance Sheet at Liabilities

    • Reading the Balance Sheet and Long Term Liabilities

    • Observations about the Balance Sheet

    • Cost of Goods Sold Equation

    • Understanding Gross Margin

    • Construction Accounting

    • Looking at Expenses

    • Strange Acronyms and Methods of Accounting

    • Problems To Be Aware Of

    • The Cash Flow Statement And The Indirect Method

    • The Cash Flow Statement and the Direct Method

    • Cash Flow Activities and the Statement of Owner's Equity

    • Notes to Financial Statements

    • The Accountant's Report

    • The Compilation Financial Statement

    • Reviewed Financial Statement

    • Audited Financial Statement

    • Accounting Services

    • The Accounting Pyramid and Summary of Course

  • 3

    The Accounting Process

    • Understanding the Process of the Accounting Cycle

    • Bookkeeping and Journalizing

    • Deeper Dive of Journalizing

    • The Payroll Process in Journalizing and Adjustments

    • Summarizing and Adjustments

    • Preparing the Financial Statement

  • 4

    Accounting Principles

    • Understanding Accounting Principles

    • Accrual Accounting

    • GAAP

    • Basic Accounting Principles Explored

    • The Accrual Method

  • 5

    Managerial Accounting

    • Managerial Accounting Intro

    • What Managerial Accounting is All About

    • Variance Analysis

    • Cost Analysis

    • Understanding Cost Benefit

    • Other Aspects of Cost Benefit

    • Break-Even & Cost Volume Profit

    • Activity Based Costing

    • Product Costing

    • Business Driver Metrics

    • Forecasting and Planning

  • 6

    When Accounting Goes Bad

    • When Accounting Goes Bad

    • How Sales Tax Should be Handled

    • Software Issues

    • Red Flags to Look For

    • Causes of Unreliable Financials

  • 7

    Financial Analysis

    • Analyzing Financial Statements

    • Qualitative Analysis - Part 1

    • Qualitative Analysis of Financial Statements

    • Quantitative Financial Analysis

    • Horizontal and Vertical Analysis Overview

    • An Example of Vertical Analysis

    • Ratio Analysis Revisited

    • Ratio Analysis for Analytical Thinkers

    • Different Kinds of Ratio Analysis

    • Ratio Analysis for Account Payables

    • Rational Behind Ratio Analysis with Examples

    • Ratio Analysis Case Study

    • Special Financial Analysis Tools

    • The DuPont System

    • Altman Z Score

    • Component Analysis

    • Common Sizing of Financial Statements

    • Looking at Industry Statistics

    • Businesses in Crises and Wrap Up

  • 8

    Accounting Software

    • Accounting Software

    • Key Features and Software to Consider

    • The AICPA's Strategy for Software

    • Issues with Accounting Software

    • Quickbooks and Beyond