Course Highlights
  • Learn and identify specific items on the Financial Statements (Income Statement, Statement of Retained Earnings, Balance Sheet)
  • Learn how to prepare financial statements
  • Learn how to analyze business transactions
  • Learn about Debits and Credits
  • Must-Know Accounting Regulations
  • Learn about the Accounting Cycle
  • Learn how to prepare the Trial Balance (and Adjusted Trial Balance)
  • Learn about accounting for Accounts Receivable
  • Learn about accounts that cannot be collected
  • Learn how to prepare a Bank Reconciliation (Must Know Item!)
  • Learn how to track inventories (FIFO, LIFO, Average Cost)
  • Learn the process of depreciation, amortization and disposal of assets
  • Learn about short-term and long-term investments
  • Learn everything about bonds
  • Learn how to analyze Financial Statements with the use of Ratios
Curriculum

1 Topic
Introduction to the course

17 Topics
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Section 2 Introduction
Accounting and Business
The Language of Business
The Language of Business Quiz
Accounting Principles And Assumptions
Principles and Assumptions Quiz
The Accounting Equation
Accounting Equation Quiz
Problem Solving with Stefan
Your Review Matters!
Specific Transactions and Effects on the Accounting Equation
Financial Statements and Relationships
Effects on the Accounting Equation Part 1
Effects on the Accounting Equation Part 2
Exercises
Solutions to Exercises

12 Topics
Section 3 Introduction
Debits and Credits Lecture
Debits and Credits - Visually Explained
Debits and Credits - Quiz
Journalizing and Posting - Exercise
Accounts Balances
Problem Solving with Stefan: Part 1
Problem Solving with Stefan: Part 2
Problem Solving with Stefan: Part 3
Debits and Credits
Exercises
Solutions to Exercises

13 Topics
Section 4 Introduction
Adjusting Entries: Accounting at Year-End
Deferrals
Accrued Expenses - Adjusting Reversing and Paying
Accrued Revenues - Adjusting Reversing Payment
Problem Solving with Stefan: Part 1
Problem Solving with Stefan: Part 2
Accounting Cycle and Closing Entries
Problem Solving with Stefan: Part 3
Problem Solving with Stefan: Part 4
Classified Balance Sheet
Exercises
Solutions to Exercises

8 Topics
Section 5 Introduction
Internal Controls
Bank Reconciliation - Explanation and Example
BankReconciliaiton
Cash Management and Internal Controls
Petty Cash Fund
Exercises
Solutions to Exercises

11 Topics
Section 6 Introduction
Accounts Receivable - Collections - Not everyone pays
Receivables Lecture
Direct Write-Off Method (Bad Debts)
Allowance Method - Percentage of Sales (Bad Debts)
Allowance Method - Aging Receivables (Bad Debts)
Problem Solving with Stefan (Part 1)
Problem Solving with Stefan (Part 2)
Problem Solving with Stefan (Part 3)
Exercises
Solutions to Exercises

7 Topics
Section 7 Introduction
Merchandisers (Retailers)
Accounting for Merchandising Businesses (Retailers)
Seller's Perspective
Buyer's Perspective
Shipping
Merchandising Operations - Comprehensive Problem

9 Topics
Section 8 Introduction
FIFO LIFO Weighted Average Cost
FIFO Method (Perpetual Inventory)
LIFO Method (Perpetual Inventory)
Weighted Average Cost Method (Perpetual Inventory) Moving Average
Inventories - Problem Solving Part 1
Inventories - Problem Solving Part 2
Exercises
Solutions to Exercises

13 Topics
Section 9 Introduction
Fixed Assets - Introduction
Acquisition (Purchasing) of Fixed Assets
Use of Fixed Assets (Depreciation)
Depreciation: Straight-Line Method
Depreciation: Units of Production Method
Depreciation: Double Declining Balance Method
Depreciation - Problem Solving (All Methods)
Depreciation: Partial Year and Revised Depreciation
Disposal of Fixed Assets
Intangible Assets
Exercises
Solutions to Exercises

13 Topics
Section 10 Introduction
Current Estimated and Contingent Liabilities
Bonds
Bonds: Issuance Amortization (Straight line) Maturity
Bonds: Amortization (Effective Interest Method)
Time Value of Money
Bond Pricing - Present Value of Bonds
Bonds Exercises
Discount on Bonds: Straight-Line Method
Discount on Bonds: Effective Interest Method
Premium on Bonds: Straight-Line Method
Premium on Bonds: Effective Interest Method
Bond Pricing Problem Solving

11 Topics
Section 11 Introduction
Overview of Corporations and Stock
Issuing Stock (Common and Preferred)
Common VS. Preferred Stockholders
Cash Dividends Comprehensive Problem
Stock Splits Explanation
Problem Solving with Stefan (Part 1)
Problem Solving with Stefan (Part 2)
Problem Solving with Stefan (Part 3)
Problem Solving with Stefan (Part 4)
Problem Solving with Stefan (Part 5)

7 Topics
Section 12 Introduction
Investments and Time Value of Money
Trading Investments
Fair Value Adjustment (Example)
Held-to-Maturity Investments (Example)
Exercises
Solutions to Exercises

9 Topics
Section 13 Introduction
Preparing the Statement of Cash Flows - Indirect Method
Problem Solving with Stefan (Part 1)
Problem Solving with Stefan (Part 2)
Problem Solving with Stefan (Part 3)
Problem Solving with Stefan (Part 4)
Problem Solving with Stefan (Part 5)
Statement of Cash Flows - Direct Method
Statement of Cash Flows

3 Topics
Section 14 Introduction
Financial Statements
Financial Statement Analysis

1 Topic
Conclusion and Thank You!

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Accounting: From Beginner to Advanced!

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