0401 Accounting Fundamentals

Part of the Accounting Section of the CEA Curriculum


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

    75 minutes | CPE = 1.5 units

    Field of Study: Accounting

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