Course Information
Course Overview
Accounting Essentials - Accounting terms Bookkeeping & recording transactions using the accounting equation
This course will provide only Excel practice problems, so learners can practice working through problems. Our course entitled “Financial Accounting – Debit & Credits-Accounting Transactions” will also include test questions, presentations, and discussion questions.
Accounting core concepts will be covered, foundational accounting skills needed for all levels of accounting including the accounting terms, the double entry accounting system, and recording transactions using both the accounting equation and debits and credits. These accounting skills are fundamental bookkeeping skills.
These are the accounting fundamentals which most accounting courses spend far too little time on. The better we understand these accounting foundational topics, the better we will do in all accounting concepts.
Like practicing catch or going over those musical scales, practicing the accounting fundamentals is time well spent for beginners as well as experienced accountants. We are never too smart to practice the accounting fundamentals. This course will thoroughly cover the fundamentals and will provide a foundation for learning concepts that limit the likelihood of learning rules that do not always apply.
Course Content
- 4 section(s)
- 9 lecture(s)
- Section 1 Introduction
- Section 2 Financial Transactions Using The Accounting Equation
- Section 3 Financial Transactions Using Debits and Credits
- Section 4 Financial Transactions Posting to The General Ledger
What You’ll Learn
- Define accounting
- List accounting objectives
- List and describe financial statements
- Explain the relationship between financial statements
- Describe the double entry accounting system
- Name and explain the accounting equation
- Record financial transactions using the accounting equation
- Record financial transactions using debits and credits
- Post general journal entries to the general ledger
Skills covered in this course
Reviews
-
SShawntel comeaux
it's a little too slow with the explaining of the excel sum function.
-
SSara Bara
Taking an accounting class at the local community college, but they were not providing any problems to work through - this class was a great supplement and really taught me about the use of debits/credits/normal balance.
-
JJuvonya Wingate
The class was interesting.
-
EElaine Anderson
So far, so good. I will say this is helping in two ways. I am recognizing some of the Excel shortcuts used like data validation. This is shown with how the accounts are effected if there is an increase, decrease or none.