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Accounting for newbies

Bookkeeping and balance sheet fundamentals

Instructed by Accounting is a piece of cake VRN

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  • Bookkeeping for purchase for cash
  • Bookkeeping for purchase on credit
  • Bookkeeping for goods sold for cash
  • Bookkeeping for goods sold on credit
  • Bookkeeping for unearned revenues
  • Bookkeeping for prepaid expenses
  • Balance sheet structure
  • Balance sheet ratios analysis

This course is designed to help you become familiar with:

the accounting objects: assets, liabilities, owners’ equity, expenses, revenues and transactions;

the rules of “Debit-credit language”;

the structure of balance sheet and

how to calculate and analyze some ratios. 

The course lightens the process of understanding the basics of accounting and one of the most important financial statements – Balance sheet. 

The course will be regularly up-dated with new videos and quizzes. The more the students, the more materials will be published. Enjoy! 

  • No requirements
  • No prerequisites
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Section 1 : Bookkeeping

  • Lecture 1 :
  • Lecture 2 :
  • Expanded accounting equation
  • Lecture 3 :
  • Transactions
  • Lecture 4 :
  • Accounts
  • Lecture 5 :
  • Accrual accounting system
  • Lecture 6 :
  • Double-entry accounting system
  • Lecture 7 :
  • Credit purchases
  • Lecture 8 :
  • Cash purchases
  • Lecture 9 :
  • Credit sales
  • Lecture 10 :
  • Cash sales
  • Lecture 11 :
  • Unearned revenues
  • Lecture 12 :
  • Prepaid expenses
  • Lecture 13 :
  • Closing accounts and a trial balance

Section 2 : Balance sheet analysis

  • Lecture 1 :
  • Balance sheet
  • Lecture 2 :
  • Balance sheet ratio analysis
  • Lecture 3 :
  • Current ratio
  • Lecture 4 :
  • Quick ratio
  • Lecture 5 :
  • Working capital
  • Lecture 6 :
  • Debt to equity ratio
  • Lecture 7 :
  • Total debt ratio
  • Lecture 8 :
  • Types of balance sheet

Section 3 : Quiz

  • Lecture 1 :
  • Quick Quiz
  • Choose the right answer
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Accounting is a piece of cake VRN,

Knowledge is a treasure - share your treasure! I worked as an Accounting lecturer at a university, but I realized that I need to spread my knowledge all over the world. That's why I became an Online Accounting Instructor! And something more, I find living in a digital century is a big advantage and a prerequisite to moving from the boring whiteboard to all opportunities that technology gives to present my knowledge in an interesting way!
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