An Introduction to the Accounting World (Part 1)

Uday Gehani, Dedicated to make complex topics easy!

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12 Lessons (54m)
    • 1. Trailer

    • 2. Introduction: What should you expect?

    • 3. Mind the GAAP!

    • 4. Types of Accounting - Financial Accounting

    • 5. Managerial Accounting

    • 6. Tax Accounting

    • 7. Understanding the Language of Accounts!

    • 8. The Accounting Equation

    • 9. Revenues, Expenses, Profits and Losses

    • 10. Gains and Losses

    • 11. A Deep Dive into the Accounting Equation Final

    • 12. Examples of the Acctg Eqtn


About This Class

Does Accounting sound like a Foreign Language to you?

If you answered YES to that question - You've come to the right place. 

This 3 Part Course is designed to give you an introduction to the language of Accounts where we go over the Basic building blocks of Accounting together.   Let me add that this Course is not designed to be the be all and end all of all accounting courses - But, more as a start to give you a good overview of the most important aspects in Accounts. 

There are 3 PARTS to this Course -

In the First Part we go through Accounting Lingo so that you begin to understand the language of Accounts.  This Section is meant for those who have little working knowledge of accounts and will help bring you up to speed with Basic Accounting Vocabulary.  After all, if you were to learn any Language you would start with the ABC's right?

We learn about the different types of Accounting such as Financial, Managerial and Tax Accounting.  We also take a 'deep dive' into the Accounting Equation and learn why it is the Fundamental Building Block on which Accounts is based.   

In the Second Part - We go through the Accounting Cycle.  Ever wondered what Accountants really do?  Are they really working or busy playing the latest version of Clash of Clans on their phone.  In this Section, we walk through what Accountants really do.  Every transaction that happens in Business follows a certain process.  This process is called the Accounting Cycle.  Understanding this process helps you understand the world of Accounts better.  Once you know more about the Accounting Cycle you'll uncover the mystery behind the numbers.

In the 3rd Part - we will look at and understand Financial Statements.  If you have not understood Financial Statements in the past and why they are so important - You've been missing out!  Understanding Financial Statements is a MUST for anybody who wants to make a dent in the world of Business.  If you own a Business or ever plan to own a Business - Understanding how to read Financial Statements can take you from being a Good business owner to a Great one.  They can take you from an Average investor to a Savvy one.     

This course is made in an easy to follow, topic by topic format.  You will also be seeing a bit of my zany humor in bits and pieces so please find it in your heart to forgive me.  After all, most accounting courses have put me to sleep and if that's the kind, of course, your looking for then this course is not for you.  This Course is also NOT designed to save your Marriage or get you a Date with Katy Perry (Or Brad Pitt if you prefer).  See, I warned you about my zany humor, didn't I?

Apart from any of the humor - more importantly - This Course WILL give you a Good Introduction into the world of Accounts - something which I believe will help you in many ways throughout your lifetime.  

With Best Regards,

Uday Gehani