ASSETS = LIABILITIES + OWNER’S EQUITY
This equation forms the basis for understanding financial transactions.
With clear explanations and practical examples, you’ll gain a deep understanding of how these elements interact and impact financial statements.
Struggling with the fundamentals?
From financial statements to the Accounting Equation, Debits & Credits, and Cash vs. Accrual methods, I break it all down with clear examples so you gain confidence in accounting.
Build a strong foundation for your Finance & Accounting journey
There’s so much under the Accounting umbrella – roles, key concepts, departments, etc. Gain a comprehensive understanding of this global discipline.
Navigate financial reporting, auditing, taxation, and management accounting as you unlock the secrets of the Accounting
Lay the groundwork for your journey to becoming a successful accountant.
Explore accounting degrees, licenses, certifications, and designations. Choose the right educational path, understand professional requirements, and gain the knowledge to excel in the field
Intro to course
How to use this course
About me
The Definition of Accounting
The World of Finance & Accounting
Accounting Degrees, Certifications, Licenses, and Designations
The difference between Accounting & FP&A
Intro to the financial statements
The Accounting Equation
GAAP vs IFRS
Cash vs Accrual
The Matching Principle
Taxes
Auditing
Debits & Credits
Financial statement preparation
Related reports
Bank Register
Bank Reconciliation
The General Ledger
The Chart of Accounts
The Trial Balance
Accounts Payable Ledger
Accounts Receivable Ledger
The Profit & loss
The Profit & loss Overview
Revenue
COGS
Gross Profit & Gross Margin
Operating Expenses / Selling SG&A
Net Operating Income
Other Income Other Expense, and Net Other Income
Net Income
The Balance Sheet
The Balance Sheet Overview
Assets
Liabilities
Owners Equity
5. The Statement of Cash Flows
The Statement of Cash Flows Overview
Direct vs Indirect Method
The Sections of the Cash Flows
T Accounts
Prepaid Expenses
Accounts Receivable
Inventory
Fixed Assets, Depreciation & Amortization
Accounts Payable
Accrued Expenses
Deferred Revenue
Common vs Preferred Stock
Other areas of accounting
Continued Learning
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