0401 Accounting Fundamentals

Part of the Accounting Section of the CEA Curriculum

1 STUDENTS ENROLLED

Accounting is the language of business. In this series, we show you how to approach this often times daunting subject the right way in order to gain a solid understanding of the fundamentals. We also give away the big secret that only accountants know!

Learning Objectives: 
After completing this course, you will be able to:

  • Understand  the five components of financial statements
  • Articulate basic accounting principles and underlying assumptions
  • Describe how Newton’s third law applies to accounting
  • Categorize basic transactions into proper G/L accounts
  • Recognize the normal balances in accounts

Course Curriculum

Part 1
Understanding Accounting Basics FREE 00:03:00
Assumptions Accountants Make 00:02:00
Accounting Principles 00:07:00
General Purpose of Accounting 00:02:00
The Simplest Kind of Accounting System 00:02:00
Newtons 3rd Law & How It Applies to Accounting 00:02:00
Understanding Assets, Liabilities & Equity FREE 00:04:00
Understanding How Debits & Credits Work 00:04:00
Part 2
Journalizing in Accounting 00:04:00
The Chart of Accounts for the Balance Sheet 00:03:00
The Chart of Accounts for the Income Statement 00:02:00
Journalizing Examples – Part 1 00:04:00
Journalizing Examples – Part 2 00:05:00
Wrap Up of Journalizing 00:02:00
The Big Secret of Accounting 00:02:00

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TAKE THIS COURSE
  • Price Options +
  • 1 year
  • Program Level: Fundamentals/Beginner

    75 minutes | CPE = 1.5 units

    Field of Study: Accounting


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