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YouTube

Accounting 101

via YouTube

Overview

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This course aims to help learners understand the basics of accounting through a series of key videos. By the end of the course, students will be able to grasp concepts such as debits and credits, the accounting equation, double-entry accounting, balance sheets, income statements, accruals, prepaid expenses, depreciation, general ledger, US GAAP vs IFRS, trial balances, T accounts, current assets, current liabilities, COGS, gross profit, and various accounting entries. The teaching method involves video tutorials covering a wide range of accounting topics. This course is designed for beginners looking to establish a solid foundation in accounting principles.

Syllabus

Debits and credits DC ADE LER.
Accounting equation explained.
Debits and credits explained.
Double entry accounting explained.
Balance sheet and income statement relationship.
Accruals explained.
Prepaid expenses explained.
Prepaid expense examples.
Suspense accounts explained.
Depreciation explained.
History of accounting.
What is a general ledger.
US GAAP vs IFRS.
Trial balance explained.
T accounts explained.
Current assets and current liabilities.
Cost Of Goods Sold (COGS) explained.
Income statement explained.
BALANCE SHEET explained.
Closing entries in accounting.
Accrued revenue.
Accrued revenue vs deferred revenue.
Adjusting entries.
Trial balance vs balance sheet.
What is gross profit.
Average cost inventory method.

Taught by

The Finance Storyteller

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