IIRF Online > Finance & Accounting > Accounting & Bookkeeping > Financial Accounting > Financial Accounting: The Complete Introductory Crash Course
Financial Accounting: The Complete Introductory Crash Course by Udemy
Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!
Course Highlights
- Understand the Accounting Equation and the Debit/Credit System.
- Identify All Stages of The Accounting Cycle.
- Measure, Value and Re-value Assets, Liabilities and Equity.
- Apply Financial Accounting Principles to Business Settings.
- Prepare a Cash Flow Statement.
- Develop a Basic Understanding of GAAP and IFRS Accounting Policies.
Skills you will learn!
Curriculum
12 Topics
What is Financial Accounting?
What is Financial Accounting
Structures of a Business
Structures of a Business Quiz
Internal vs. External Users of Accounting Information
Internal vs. External Users of Accounting Information Quiz
Business Activities: Operating Investing and Financing
Business Activities Quiz
What are Financial Statements and the Types of Financial Statements
What are the Financial Statements Quiz
Elements of Financial Accounting
Elements of Financial Accounting Quiz
4 Topics
What is an Asset?
What is a Liability?
What is Equity?
What is a Equity? Quiz
7 Topics
The Financial Accounting Equation
The Financial Accounting Equation Quiz
Financial Accounting Conceptual Framework
The Double Entry Accounting System
The Double Entry Accounting System Quiz
Debits and Credits for Financial Accounting
Normal Account Balances and RED (Revenue Expense Dividends) Accounts
19 Topics
Journal Entries and The Accounting Cycle
Journal Entries and The Accounting Cycle Quiz
General Ledger T Accounts and The Accounting Cycle
General Ledger T Accounts and The Accounting Cycle Quiz
Trial Balance Statement and The Accounting Cycle
Trial Balance Statement and The Accounting Cycle Quiz
Adjusting Entries for Accrued Expenses
Adjusting Entries for Accrued Expenses Quiz
Adjusting Entries for Prepaid Expenses
Adjusting Entries for Prepaid Expenses Quiz
Adjusting Entries for Unearned Revenues
Adjusting Entries for Unearned Revenues Quiz
Adjusting Entries for Accrued Revenue
Adjusting Entries for Accrued Revenue Quiz
Adjusting Entries for Amortization and Depreciation
Prepare an Adjusted Trial Balance Statement
Preparing the Financial Statements
Permanent Vs. Temporary Accounts
How To Prepare Closing Entries
7 Topics
Introduction to Merchandise Inventory
Perpetual Vs. Periodic Inventory System
Perpetual Inventory System and How to Journalize Purchase Entries
Perpetual Inventory System Sales Entries
Prepare a Multiple Step Income Statement
Purchase Journal Entries for the Periodic Inventory System
Periodic Inventory System and the Multiple Step Income Statement
6 Topics
Specific Identification Method and Expensing Inventory
FIFO Method First in First Out Method for Expensing Inventory
Weighted Average Cost Flow Method for Expensing Inventory
LIFO Method Last in First Out Method for Expensing Inventory
Prepare the Average Cost Method for a Perpetual Inventory System
Analyzing the Cost Flow Assumptions: FIFO Average Cost LIFO Methods
7 Topics
Intro to the Allowance Method and Uncollectible Accounts
Allowance for Doubtful Accounts Part 2
Sales Method for Estimating Bad Debts Expense
Percentage of Receivables Method for Bad Debts Expense
Aging Table and Percentage of Receivables Method Part 2
Write Off Receivables Using the Allowance Method
Direct Write Off Method for Receivables
10 Topics
Revenue Recognition Principle for Accrual Based Accounting
Revenue Recognition Examples: Consignment Criteria Long Term Contracts
Summary of Percentage of Completion Cost RecoveryCompleted Contract Methods
Percentage of Completion Method for Long Term Contracts
Percentage of Completion Method for Long Term Contracts Quiz
Percentage of Completion Method Journal Entries
Percentage of Completion: Journalize Losses in Period and on Contracts
Cost Recovery Method and Deferred Income
Completed Contract Method Explanation and Journal Entries
Completed Contract Method and Losses in a Period and on Contract
4 Topics
Depreciation Amortization and Depletion Explanation
Straight Line and Declining Balance Method
Straight Line and Double Declining Balance Depreciation Example
Gains and Losses on Disposal of Property Plant and Equipment
4 Topics
Accounting for Intangible Assets
Amortizing Intangible Assets and Presentation
Impairment of Intangible Assets
Recording Goodwill Amortization and Impairment
7 Topics
Preparing a Cash Flow Statement using Indirect Method: Part 1
Preparing a Cash Flow Statement using the Indirect Method Quiz
Cash Flow Statement using Indirect Method: Part 2 Receivables
Cash Flow Statement using the Indirect Method: Part 3 Inventory
Cash Flow Statement using Indirect Method: Part 4 Payables
Cash Flow Statement using Indirect Method: Part 5 Non Cash Expenses
Cash Flow Statement: Investing and Financing Activities
1 Topic
BONUS: Financial Accounting Exam
Financial Accounting: The Complete Introductory Crash Course
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