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Learn Accounting in 1 Hour.

Learn basic bookkeeping skills including debits and credits, posting journal entries, and drafting financial statements.

Instructed by Blair Cook

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Play & Pause Videos
High Quality Recorded Lectures 24
Learn Online from Mobile/PC/Tablet
Download Course for Offline Viewing
Inlcudes Real Projects
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Certificate of Completion
Free Instructor Support

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  • Play & Pause Videos
  • High Quality Recorded Lectures
  • Learn Online from Mobile/PC/Tablet
  • Download Course for Offline Viewing
  • Inlcudes Real Projects
  • Certificate of Completion
  • Free Instructor Support

$199 /month

Buy Subscription See all plans
  • Access to all marketplace courses
  • Access to all new courses
  • Play & Pause Videos
  • High Quality Recorded Lectures
  • Learn Online from Mobile/PC/Tablet
  • Download Course for Offline Viewing
  • Inlcudes Real Projects
  • Certificate of Completion
  • Free Instructor Support
  • Describe and recognize the accounting underlying any set of financial statements.
  • Analyze business transactions to determine which are reportable and of those which are on account of income and which are on account of capital.
  • Prepare journal entries for common business transactions.
  • Post entries to create a general ledger and a trial balance using a spreadsheet.
  • Prepare the income statement, the statement of changes in equity, and the balance sheet.

This course is for aspiring accountant or finance people who want to improve their understanding of how accounting works.  This course packs into one hour the best of what you need to know to perform accounting.  Along the way, I’ll show you tips and techniques to make sure you stay on track and your books balance.  I will teach you how to prepare financial statements using a simple conceptual model that can apply to any organization small or large.

  • No prerequisites are required.
  • Anyone looking to learn more about accounting and the principles of accounting should take this course including business students, non-finance business people, and managers looking to further develop financial acumen.
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Section 1 : Welcome to the Course!

  • Lecture 1 :
  • In this introduction, I’ll share with you the framework for this course. Whether you just starting your university program in business or you are someone looking to build competency in accounting, this course is for you. When you learn the principles of accounting, you learn about all facets of the organization. Everything eventually flows through the accounting records. The accountant control and communicates the information about the organization. In this course, you'll be provided with a conceptual model of accounting and then see it in action with a sample case that you can follow along.

Section 2 : Debits and Credits.

  • Lecture 1 :
  • Debits and Credits.
  • In this lesson, I will establish a conceptual of model for accounting using the formula: Assets = Liabilities + Equity. From there, I'll introduce you to debits and credits. We will walk through an accounting system. We'll finish off by looking at the financial statements of a Fortunate 500 company. Talk about learning fast!

Section 3 : Preparing Journal Entries.

  • Lecture 1 :
  • Preparing Journal Entries.
  • In this lesson, I am going to analyze events that happen in the business to determine which of those give rise to accounting transactions. From there, I will show you how to work through a month end using a case full of common transactions to help you learn how to prepare journal entries.

Section 4 : Posting Journal Entries to a Trial Balance.

  • Lecture 1 :
  • Posting Journal Entries to a Trial Balance.
  • In this lesson, we roll up our sleeves and post all the entries from the last lesson to a working trial balance using a spreadsheet. So many new learners get step mixed up and I'm going to show you how to do it right the first time every time.

Section 5 : Preparing Financial Statements.

  • Lecture 1 :
  • Preparing Financial Statements.
  • Now for the moment of truth, can we prepare financial statements. In this lesson, I'm going to have to prepare an income statement (easy-peasie), a statement of changes in equity - which just about everyone ignores, but is important for you to prepare so that your balance sheet balances the first time, every time.
  • 1. How do i access the course after purchase?

    Once you purchase a course (Single course or Subscription), you will be able to access the courses instantly online by logging into your account. Use the user name & password that you created while signing up. Once logged in, you can go to the "My Courses" section to access your course.
  • 2. Are these video based online self-learning courses?

    Yes. All of the courses comes with online video based lectures created by certified instructors. Instructors have crafted these courses with a blend of high quality interactive videos, lectures, quizzes & real world projects to give you an indepth knowledge about the topic.
  • 3. Can i play & pause the course as per my convenience?

    Yes absolutely & thats one of the advantage of self-paced courses. You can anytime pause or resume the course & come back & forth from one lecture to another lecture, play the videos mulitple times & so on.
  • 4. How do i contact the instructor for any doubts or questions?

    Most of these courses have general questions & answers already covered within the course lectures. However, if you need any further help from the instructor, you can use the inbuilt Chat with Instructor option to send a message to an instructor & they will reply you within 24 hours. You can ask as many questions as you want.
  • 5. Do i need a pc to access the course or can i do it on mobile & tablet as well?

    Brilliant question? Isn't it? You can access the courses on any device like PC, Mobile, Tablet & even on a smart tv. For mobile & a tablet you can download the Learnfly android or an iOS app. If mobile app is not available in your country, you can access the course directly by visting our website, its fully mobile friendly.
  • 6. Do i get any certification after completing the course?

    Yes. Once you succesfully complete any course on Learnfly marketplace, you get a certiifcate of course completion emailed to you within 24 hours with your name & the Learnfly badge. You can definately brag about it & share it on your social media or with friends as one of your achievement. Click here to view the sample certificate Click Here
  • 7. For how long can i access my course after the purchase?

    If you buy a single course, that course is accessible to you for a lifetime. If you go for a premium subcription, you can access all the courses on Learnfly marketplace till your subscription is Active.
  • 8. Whats the difference between Single Course Purchase & Go Premium option?

    With Single Course Purchase, you only get an access of one single course. Whereas, with premium monhtly or annual subscription, you can access all the existing or new courses on learnfly marketplace. You can decide what option suits you the best and accordingly you can make your purchase.
  • 9. Is there any free trial?

    Currently, we don't have any free trial but it may be available in near future.
  • 10. What is the refund policy?

    We would hate you to leave us. However, if you are not satisfied, you can ask for a full refund within 30 days & we will be happy to assist you further.

Blair Cook,

Blair is a many-time corporate director, CFO, author, speaker, educator, innovator, and thought leader. His educational videos of accounting and finance have million of views on YouTube. He has keynoted and spoken at national conferences from New York to Toronto. Along with Jen, he co-hosts CPA Canada’s podcast series “CPA Success Podcast.” He works with real businesses to experiment with theories and practices developed both in the academic and real world. He then shares these experiences and stories with others of what works, what doesn’t, and what was learned. He is the author of The Illiterate Executive: An Executive’s Handbook for Mastering Financial Acumen.
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