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Introduction to Bookkeeping from the Top Down

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Partner: Udemy
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Description: Jump-start your accounting education by learning bookkeeping intuitively with diagrams and examples.  Most people struggle with accounting because it is a new way to think. This course will have you conceptualize accounting by using diagrams. It will explain the "double" in double-entry accounting and why it is needed. I provide simple diagrams of transactions, then show how they affect the financial statements. Only after you have a firm grasp of the double-entry concepts, do I show how to enter transactions first in a spreadsheet, then using debits and credits, and finally how to enter journal entries in QuickBooks.Each lecture contains downloadable lecture notes and an online quiz. For one of the modules there is a Excel Spreadsheet for you to practice what you have learned.Here are the course lectures:Introduction. A quick overview of the course. Start with the Big Picture. Overview of the bookkeeping/accounting job market and a look at Facebook's financial statements.Story Example. Introduction of Thai Teak Concepts, a fictitious furniture importer that I use to illustrate transactions. First Month's Checkbook. Illustration of reason Thai Teak Concepts checkbook can't reveal revenues and expenses.What Is Double Entry Accounting? Diagrams of two sides to every transaction with stakeholders of companyWhat Are Assets, Liabilities, Equity, Revenues, Expenses? Definition of terms.Why Are There Three Financial Statements? With diagrams, illustrate how different sides of transactions affects different financial statements.The Spreadsheet. Introduction of Excel spreadsheet to initially record transactions. Illustration Month 1. Use of spreadsheet to enter transactions for month 1 of Thai Teak ConceptsIllustration Month 2. Use of spreadsheet to enter transactions for month 2 of Thai Teak Concepts Interactive Financia
Category: Finance & Accounting > Accounting & Bookkeeping > Bookkeeping
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Price: 19.99
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Source: Impact
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