Financial Accounting: The Complete Introductory Crash Course

Why take this course?
🚀 Welcome to Your Financial Accounting Journey! 🎓
Embark on a comprehensive and engaging introductory journey into the world of Financial Accounting with our exclusive Financial Accounting: The Complete Introductory Crash Course. This course, led by the experienced and passionate educator David Burrell, BComm, is designed to transform complex accounting concepts into clear and digestible lessons.
🎞️ What's in Store for You?
- 🕰 69 Video Lessons (10+ Hours of Content): Dive deep into financial accounting with over 10 hours of content, complete with quizzes to reinforce your learning.
- 💰 Master the Basics: Get up to speed with assets, liabilities, and equity, and understand the fundamental concepts like the accounting equation, debits and credits, and more.
- 📊 Understand the Accounting Cycle: Learn the ins and outs of the accounting cycle, including journal entries, T-accounts, general ledger, and closing entries.
- 📈 Analyze Financial Statements: Gain insight into balance sheets, income statements, cash flow statements, and understand how they reflect a company's financial health.
- 🛍️ Inventory Management: Explore different inventory systems and learn about the impact of receivables, bad debts, and revenue recognition on your business's bottom line.
- ⚙️ Depreciation and Amortization: Discover how to manage intangible assets and understand the principles of depreciation and amortization.
- 🏢 Cash Flow Statements: Master the indirect method for preparing a cash flow statement.
Financial Accounting is not just about numbers; it's about understanding the financial language of business. Every transaction, from paying employees to purchasing assets, is part of this critical communication tool that helps businesses make informed decisions and plan effectively.
Course Breakdown:
Part 1: Foundations of Financial Accounting
- Basics of Financial Accounting
- Assets, Liabilities, and Equity
- Debits and Credits in Double Entry Bookkeeping
- The Accounting Cycle (Journal Entries, T-accounts, General Ledger, etc.)
Part 2: Diving Deeper into Financial Statements and Concepts
- Merchandise Inventory Systems (Perpetual vs. Periodic)
- Inventory Costing Methods (FIFO, Weighted-average, LIFO)
- Managing Receivables and Assessing Bad Debts
- Understanding Revenue Recognition
- Depreciation and Amortization of Assets
- Exploring Intangible Assets
- Preparing the Cash Flow Statement using the Indirect Method
**🚀 BONUS: A downloadable .PDF Financial Accounting Final Exam is included at the end of the course to test your knowledge!
💬 Real Student Feedback:
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"The Notepirate videos got me through Acct 101 with a 97%. I've always found your videos easy to understand and well-paced." - Alan P.
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"Hello Dave, just wanted to say thank you! Your videos helped my classmates and I tremendously. We did very well. 95%, 90%, 86%, 85%. Thanks again!" - Ariel S.
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"Hey Dave. I'm also reviewing in order to become a CPA. Your videos are absolutely brilliant. I have never seen the business activities presented in such a manner... but I will remember this model for a lifetime now. Thank you so much for taking the time to record these videos. You truly are making a huge difference and impact on the world. Cheers..." - Sarah B.
Join thousands of students who have already transformed their understanding of financial accounting with our Crash Course. Whether you're looking to pass an introductory course, prepare for the CPA exam, or simply understand the financial aspect of your business better, this course is your first step towards mastering financial accounting! 🌟
Enroll now and unlock a world of financial knowledge at your fingertips! 📚✨
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Comidoc Review
Our Verdict
The Financial Accounting: The Complete Introductory Crash Course is an accessible and engaging starting point for those unfamiliar with financial accounting. Although some minor quiz issues and limited advanced topic coverage exist, the course's pros outweigh these cons, offering a great beginner-friendly foundation in finance.
What We Liked
- Covers all important topics of financial accounting at a high level, making it great for beginners or those needing a refresher.
- Instructor explains concepts in an easy-to-understand manner and provides charismatic presentation style.
- Quizzes throughout the course help learners reinforce their understanding and retain knowledge.
- Recent 2020 update shows the instructor's commitment to maintaining the course's relevance and quality.
Potential Drawbacks
- Some resources from YouTube videos are not optimized for Udemy, causing minor inconsistencies.
- A handful of errors in quiz questions could confuse learners and require vigilant double-checking.
- Lacks advanced examples or problem-solving exercises to help bridge theory with practical application.
- Limited discussion on specific advanced topics like discontinued operations, revaluation methods under ASPE & IFRS, and revenue recognition.