Introduction to Bookkeeping from the Top Down

🌱 Introduction to Bookkeeping from the Top Down: Your Gateway to Mastering Accounting

🚀 Course Headline: 📊 Learn Accounting and Bookkeeping Basics Intuitively with Diagrams and Examples

👩‍🏫 Your Instructor: David Johnson, an experienced educator with a passion for simplifying complex accounting concepts.

📖 Course Description: Dive into the world of accounting without the overwhelm! Our "Introduction to Bookkeeping from the Top Down" course is designed to make learning bookkeeping intuitive and engaging. With a focus on visual learning through diagrams and practical examples, you'll grasp the fundamental principles of accounting effortlessly. We begin with the big picture, exploring the bookkeeping/accounting job market, and even take a peek at Facebook's financial statements to provide context.

Throughout the course, we'll follow the story of Thai Teak Concepts, a fictitious furniture importer, to illustrate real-world transactions. You'll understand the importance of double-entry accounting and learn the definitions and functions of key terms like Assets, Liabilities, Equity, Revenues, and Expenses.

As we delve deeper, you'll explore the creation of financial statements with Excel spreadsheets, transitioning to journal entries in QuickBooks. Each step is accompanied by downloadable lecture notes, online quizzes, and practical exercises to solidify your understanding. 🖥️📈

Course Lectures Overview:

1. Introduction 🎓

   • A quick overview of what to expect in the course.

2. Start with the Big Picture 🌐

   • An exploration of the bookkeeping/accounting job market and a real-world look at Facebook's financial statements.

3. Story Example 📚

   • Introduction to Thai Teak Concepts, our case study for understanding transactions.

4. First Month's Checkbook 📝

   • Understanding why Thai Teak Concepts checkbook doesn't reveal the whole financial picture.

5. What Is Double Entry Accounting? 🔄

   • Diagrams that explain the two sides of every transaction and the stakeholders involved.

6. What Are Assets, Liabilities, Equity, Revenues, Expenses? 💹

   • Definitions and explanations of key accounting terms.

7. Why Are There Three Financial Statements? 🤔

   • Diagrams illustrating the impact of transactions on different financial statements.

8. The Spreadsheet 🗝️

   • Introduction to using an Excel spreadsheet to record transactions.

9. Illustration Month 1 & Month 2 📊

   • Practical application of recording monthly transactions for Thai Teak Concepts.

10. Interactive Financial Statements Month 1 & Month 2 🔍

    • Using diagrams to understand how transactions affect financial statements in real-time.

11. Can't Measure Profits with Cash 🤷‍♂️

    • Exploring the timing differences between cash flows and accounting entries.

12. Debit Credit Introduction 📑

    • Understanding debits, credits, and why they can be confusing.

13. Debit Credit Example Month 1 & Month 2 💳

    • Applying debits and credits to enter transactions and post entries.

14. QuickBooks Introduction 🖥️

    • Overview of QuickBooks' powerful features for accounting.

15. QuickBooks Chart of Accounts 📋

    • Customizing the chart of accounts for Thai Teak Concepts in QuickBooks.

16. Debit Credit Example QuickBooks Month 1 & Month 2 🏦

    • Posting entries to QuickBooks, bringing everything full circle.

Join us on this exciting journey into the world of bookkeeping and accounting! With David Johnson's clear instruction, engaging visuals, and hands-on practice, you'll be well on your way to becoming an accounting pro. 🌱💡 Sign up today and transform your understanding of financial management!