Accounting in 60 Minutes - A Brief Introduction
Beginner LevelFinance & AccountingAccounting

Accounting in 60 Minutes - A Brief Introduction

Learn the very basics of accounting in just about an hour.

Created by Vincent Turner
1 hour
Video Content
16
Lectures
100,240
Students
4.6
Rating
4.6
(100,240 students enrolled)

What you'll learn

Understand the basic accounting equation
Know the difference between a debit and a credit
See how to prepare a balance sheet and income statement
Understand why profit does not equal cash

Course Content

8 sections • 16 lectures • 01:40:39 total length

The Accounting Equation

3 lectures • 11:01

What = Who04:04
Let's Buy a Car03:33
Some Practice Entries03:24
CPE Review Quiz: Section 12 questions

Everything Balances

3 lectures • 13:14

Debits = Credits07:19
The Trial Balance05:55
Debit and Credit Worksheet - A One Page Template to Help You Know When To Debit!1 page
CPE Review Quiz: Section 22 questions

The Balance Sheet

1 lectures • 06:00

It Balances!06:00
CPE Review Quiz: Setion 32 questions

Let's Make Some Money!

3 lectures • 15:41

Income Accounts07:06
Net Income04:07
The Income Statement04:28
CPE Review Quiz: Section 42 questions

Let's Put Together a Financial Statement

1 lectures • 00:00

A Short Ebook on How to Put Together a Balance Sheet9 pages
CPE Review Quiz: Section 52 questions

Profit Does Not Equal Cash!

3 lectures • 12:35

It's All About Timing04:16
Income Does Not Equal Cash04:54
Expenses and Timing03:25
CPE Review Quiz: Section 62 questions

Conclusion

1 lectures • 02:08

What We Have Learned02:08

Extras!

1 lectures • 00:00

How To Increase Your Profits with Break Even Analysis!30 pages
CPE Qualified Assessment10 questions

Description

    This is not your typical accounting course! 

    Professor Turner has taught thousands of students basic accounting.  He has developed shortcuts and analogies to make learning accounting easy.  If you want to understand this subject in a simple, fun way then this brief introductory course is for you. 

    This course will show you the very basics of accounting.  You can complete it in about an hour.  The course includes videos of the instructor at the whiteboard.  You will complete simple quizzes to reinforce what you have learned.  This course is intended for business owners, business students, managers or anyone who wants to understand basic accounting.  It presents the information in an understandable format.  Even if you have taken an accounting course you will find the material insightful. 

    The course introduces 

  • The Accounting Equation (One you can understand!)

  • Balance Sheets

  • Income Statements

  • Debits and Credits (And how to know which is which!)

  • Why Profit Does Not Equal Cash!

    If you have dreaded the thought of learning accounting, this is exactly the introduction you will welcome! 

    Why should take this course? 

    You are a business owner.  You want your business to succeed and you know that you need a better understanding of how the numbers are put together. 

    You are a manager.  You deal with accounting staff, bookkeepers, owners and subordinates.  You hear accounting terms daily but you want to know more about what accounting means. 

    You are a business student.  You dread taking your first accounting course.  Or maybe you are in an introductory class right now.  It all sounds so complicated.  You want to find a simple explanation of what you are trying to learn. 

    You are an accounting student.  You feel that you really did not get a firm grasp of the basics.  You would like to start from scratch in an easy to learn format. 


CPE (Continuing Professional Education)

Learning Objectives

  1. Apply the basic accounting formula

  2. Identify assets, liabilities and equity

  3. Describe how the income statement and balance sheet are connected

  4. Recognize why profit does not equal cash

  5. Interpret a balance sheet

  6. Predict when an account increases with a debit or increase with a credit

  7. Summarize the purpose of a trial balance

  8. Differentiate income statement accounts from balance sheet accounts

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Who this course is for:

  • business owners
  • managers
  • business students
  • beginning accounting students

This course includes:

  • 1 hour on-demand video
  • 0
  • 10 downloadable resources
  • Access on mobile and TV
  • Full lifetime access
  • Certificate of completion

Instructor

Vincent Turner

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