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Financial Accounting Part 2 - Passing The Class

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  • 340 Students
  • Updated 8/2023
4.4
(28 Ratings)
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Course Information

Registration period
Year-round Recruitment
Course Level
Study Mode
Duration
5 Hour(s) 23 Minute(s)
Language
English
Taught by
Chris Severson
Rating
4.4
(28 Ratings)

Course Overview

Financial Accounting Part 2 - Passing The Class

Master the Basics of Accounting to Pass The Class or Enhance Your Career (Textbook and Templates Included)

Accounting often referred to as the “language of business.” Whether you are going into management or actually going to be an accountant, you need to be familiar with the basics of accounting. This includes understanding the concepts of debits and credits, assets and liabilities, revenues and expenses, dividends and equity. From an investor’s perspective, the business results are communicated through the financial statements, including the income statement, statement of owner’s equity, balance sheet and statement of cash flow. These are all discussed in this course!

This course is for those students who have not had much (or any) experience in accounting and are looking to enhance their understanding of it, to either help pass a course or to enhance your business career. It is for anyone who may have felt lost in prior accounting courses and wants real life examples and a down to earth explanation, rather than something read word for word out of a textbook. Is this you? Then you are in the right place!

This course is taught by an instructor with over eleven years of training experience, including corporate training, face to face instruction, and online course development. In addition to the lectures and study material common to many other courses, this course also has a downloadable textbook/study note file, along with downloadable Excel templates paired with a lecture walking through the solution once you are done. To test your knowledge of the basic concepts we also have quizzes after each section to make sure you feel comfortable with the topic before moving on to the next one.

At the end of this course, you will have a better understanding of the mechanics of accounting, the concepts, and the goals of accounting in general. You will be able to pass that class!! Let’s get started!

Course Content

  • 10 section(s)
  • 36 lecture(s)
  • Section 1 Welcome to Financial Accounting Part 2!
  • Section 2 Liabilities - Accounts Payables
  • Section 3 Liabilities - Warranties
  • Section 4 Liabilities - Payroll
  • Section 5 Liabilities - Bonds Payables
  • Section 6 Liabilities - Leases
  • Section 7 Equity-Stock
  • Section 8 Equity - Treasury Stocks
  • Section 9 Equity - Dividends
  • Section 10 Stock Dividends and Stock Splits

What You’ll Learn

  • Calculate and Record the Journal Entries for Warranties
  • Calculate and Record the Journal Entries for Payroll
  • Calculate and Record the Journal Entries for Bond Issuances
  • Amortize Bond Expense with Discounts and Premiums (Using Straight Line Amortization)
  • Amortize Bond Expense with Discounts and Premiums (Using the Effective Interest Method)
  • Prepare a Bond Amortization Schedule
  • Calculate the Price of a Bond Issuance
  • Utilize the Time Value of Money Principles For Lump Sums and Annuities
  • Understand the Concept of Operating and Capitalize Leases
  • Prepare Journal Entries for Stock Issuances
  • Prepare Journal Entries for Cash and Stock Dividends
  • Prepare Treasury Stock Journal Entries


Reviews

  • J
    JE A
    5.0

    A great refresher of material that I studied a long time ago. Just super.

  • L
    Lynnette Price
    3.5

    I wish there was more hands on learning to be able to apply what is being learned.

  • B
    Buen Rendon III
    5.0

    I honestly haven't finished this course, but I am enrolled in all of Chris' courses. I like his style of teaching because I understand the accounting concepts better. He is also very responsive in the Q&A forum. I believe his courses are worth the money. Highly recommended! Thank you Chris for sharing your knowledge and caring to teach.

  • D
    David Bamrick
    5.0

    Great course! Very helpful.

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