The Ultimate Financial Accounting & CPA Certification Training Bundle delivers 25 hours of content covering the fundamentals of financial accounting.
Financial Accounting: Adjusting Entries & Financial Statement
Learn How to Create Financial Statements, Balance Sheets, Income Statements & More Right From a Practicing CPA
This course covers adjusting entries, posting adjusting entries to a worksheet, financial statement creation from an adjusted trial balance, and reversing entries. The adjusting process takes place after normal business transactions have been entered. Adjusting entries help us better understand the accrual process because they deal with timing differences. In this course, you’ll be using a worksheet to record the adjusting process and discuss the components of the worksheet.
4.3/5 average rating: ★ ★ ★ ★ ★★
- Access 20 lectures & 2 hours of content 24/7
- List the steps in the accounting cycle
- Explain the importance of using an adjusting entries worksheet
- List types of adjusting entries
- Enter adjusting entries to an adjusting entry worksheet
- Create an adjusted trial balance
- Create financial statements from a trial balance
- Enter reversing entries
- Perform fundamental Excel operations (addition, subtraction, cell relationships)
Please note this course will NOT make you CPA-certified.
Financial Accounting: Debits & Credits – Accounting Transaction
Understand the Journal Entry Process Better with Detailed Content on Accounting Terms & Financial Transactions
Accounting core concepts will be covered, foundational accounting skills needed for all levels of accounting including the accounting terms, the double entry accounting system, and recording transactions using both the accounting equation and debits and credits. These are the accounting fundamentals which most accounting courses spend far too little time on. The better we understand these accounting foundation topics, the better we will do in all accounting concepts. This course will provide much more structure to the journal entry process than most courses, including a detailed step by step process for thinking about how to construct financial transactions.
4.3/5 average rating: ★ ★ ★ ★ ★★
- Access 23 lectures & 5 hours of content 24/7
- Define accounting
- Explain the relationship between financial statements
- Describe the double-entry accounting system
- Name and explain the accounting equation
- Record financial transactions using the accounting equation
- Record financial transactions using debits & credits
- Post general journal entries to the general ledger
Please note this course will NOT make you CPA-certified.
Financial Accounting: Depreciation Calculation & Fixed Assets
Everything About Depreciation, Straight Line Method, Double-Declining Method, Disposal Assets & More
This 3-hour course will cover property plant and equipment, also known as plant assets, fixed assets, or depreciable assets. It will also discuss multiple depreciation methods including the straight-line depreciation method, the double-declining depreciation method, and the units of production depreciation method. Throughout the course, you will learn the pros and cons of each depreciation method and outline a format for structuring any deprecation problem. You will also explore the straight-line method, the double-declining method, and more.
4.2/5 average rating: ★ ★ ★ ★ ★★
- Access 15 lectures & 3 hours of content 24/7
- Understand accounting for property plant & equipment
- Record purchase of plant assets
- Journalize a lump sum purchase of fixed assets
- Learn about straight-line & double-declining methods of calculating depreciation
- Record capital expenditures & revenue expenditures
Please note this course will NOT make you CPA-certified.
Financial Accounting: Inventory Costs Flow
Walk Through Inventory Cost Flow Assumptions – First In First Out (FIFO), Last In Firs Out (LIFO), Weighted Average Methods
This course covers inventory costs and cost flows, including what is included in the cost of inventory and how to account for inventory freight costs, inventory insurance costs, and discounts. With 15 lectures, it will also discuss inventory flow assumptions including specific identification, first in first out (FIFO), last in first out (LIFO), and weighted average methods. FIFO, LIFO, and weighted average methods will be discussed using both a periodic inventory system and a perpetual inventory system.
4.3/5 average rating: ★ ★ ★ ★ ★★
- Access 15 lectures & 3 hours of content 24/7
- Learn about inventory costing
- Understand First In First Out (FIFO) cost flow method
- Understand Last In First Out (LIFO) cost flow method
- Explore other methods: weighted average cost flow, periodic inventory, & perpetual inventory
Please note this course will NOT make you CPA-certified.
Financial Accounting: Payroll
Learn About Payroll Calculations: Federal Income Tax, Social Security, Medicare & More
This financial accounting and payroll class will cover payroll topics including payroll legislation, payroll calculations, and entering payroll journal entries. Because payroll is becoming more complex and more of a specialized field, it is difficult to find content that puts it all together in one spot like this course does. With 43 lectures, you will learn about payroll legislation, going over a wide variety of laws that influence payroll, as well as calculating payroll taxes and more.
4.2/5 average rating: ★ ★ ★ ★ ★★
- Access 43 lectures & 6 hours of content 24/7
- Learn about a wide variety of laws that influence payroll
- Understand the generation of payroll registers & earning reports
- Calculate payroll tax withholding like federal tax income, social security, & Medicare
- Calculate net pay from gross pray
Please note this course will NOT make you CPA-certified.
Financial Accounting: Subsidiary Ledgers & Special Journals
Gain Knowledge on Subsidiary Ledgers for Accounts Receivables & Accounts Payable
We record transactions using special journals and track accounts receivable by customers and accounts payable by the vendor using a subsidiary ledger. To reduce the amount of data input when using a manual system, we can group transactions by transaction type and create special journals to record them. An accounting system using special journals can reduce data input by limiting the amount of data needed to be input for each transaction due to the format of the special journal. This course will take you through subsidiary ledgers and special journals for easy transaction recordings.
4.4/5 average rating: ★ ★ ★ ★ ★★
- Access 12 lectures & 2 hours of content 24/7
- Construct an accounting system where you can record every financial transactions
- Group transactions by type & create special journals to record them
- Eliminate posting each transaction to the general ledger
- Track who owes you money & who you owe money to
Please note this course will NOT make you CPA-certified.
Financial Accounting: Merchandising Transactions
Merchandising Transaction Including Purchase & Sale of Inventory, Discounts, and Returns
This accounting course will cover merchandising transactions, those transactions that deal with inventory, including the purchase of inventory and the sale of inventory. It will discuss related topics including sales discounts, purchase discounts, sales return and allowances, shrinkage, and the cost of goods sold calculation. You’ll also get to compare and contrast a perpetual inventory system and periodic inventory system, listing and describing the pros and cons of each, explaining when each may be most appropriate in practice.
4.1/5 average rating: ★ ★ ★ ★ ★★
- Access 7 lectures & 3 hours of content 24/7
- Review accounting fundamentals
- Learn about merchandising transactions
- Record purchase & sale of merchandise
- Understand perpetual & periodic inventory systems
Please note this course will NOT make you CPA-certified.
Financial Accounting: Closing Process
Understand Accounting Concepts with Closing Processes
The financial accounting closing process is the final step in the accounting cycle. In this course, you’ll learn why the closing process is needed and be able to perform the closing process in multiple ways. The closing process will zero out temporary accounts including income statement accounts of revenue and expenses and the draws or dividends account. Understanding the closing process helps you understand the concept of temporary accounts and permanent accounts, which helps us understand the relationship between the financial statements and how to read them.
4.4/5 average rating: ★ ★ ★ ★ ★★
- Access 11 lectures & 1 hour of content 24/7
- Describe the closing process & its importance
- Perform closing process using one to three journal entries
- Describe the post-closing trial balance
- Define temporary accounts & permanent accounts
- Understand fundamentals of Excel
Please note this course will NOT make you CPA-certified.
