The Ultimate Financial Accounting & CPA Certification Training Bundle delivers 25 hours of content covering the fundamentals of financial accounting.
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: ★ ★ ★ ★ ★★
Please note this course will NOT make you CPA-certified.
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: ★ ★ ★ ★ ★★
Please note this course will NOT make you CPA-certified.
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: ★ ★ ★ ★ ★★
Please note this course will NOT make you CPA-certified.
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: ★ ★ ★ ★ ★★
Please note this course will NOT make you CPA-certified.
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: ★ ★ ★ ★ ★★
Please note this course will NOT make you CPA-certified.
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: ★ ★ ★ ★ ★★
Please note this course will NOT make you CPA-certified.
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: ★ ★ ★ ★ ★★
Please note this course will NOT make you CPA-certified.
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: ★ ★ ★ ★ ★★
Please note this course will NOT make you CPA-certified.
