- 1x (Normal)
Introduction: What should you expect?4:21
Mind the GAAP!2:42
Understanding the Language of Accounts!1:47
The Accounting Equation3:33
Revenues, Expenses, Profits and Losses3:11
Gains and Losses1:53
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 Course is designed to give you an introduction to the Language of Accounts where we will 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 -
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?
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,
Class Projects 4 See All
I began my career as a Financial Analyst at a New York Bank analyzing the Financial Statements for Small and Medium Enterprises for 10 years which made me understand and enhance all my Accounting and Finance concepts. This Knowledge later enabled me to create a concrete business plan and successfully start and run two profitable businesses since then - All in a span of 4 years. Having my fundamentals of Accounting, Finance and Entrepreneurship clear has had a big impact on my life and I am passionate about teaching what I have learnt to others.