Financial Accounting: The Complete Introductory Crash Course

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Welcome to the Financial Accounting Crash Course. This course will provide you with 69 video lessons that span over 10 hours of content (including quizzes to help test your knowledge). Follow along as I explain the basics about assets, liabilities and equity, along with fundamental concepts like the accounting equation, debits and credits, the accounting cycle, financial statements and more! Financial accounting is the language of business. In business, we use financial accounting to report everything we do. Whether it’s paying our employees, issuing a dividend to shareholders or purchasing a capital asset, we report it. Bookkeeping ensures that we have a history of every economic activity. Summarizing all of these transactions into financial statements provides us with a general snapshot of our performance and position in the marketplace. Having this financial information at our fingertips is key to future planning and decision making. The first part of the crash course will cover: Basics of Financial Accounting Assets, Liabilities and Equity Debits and Credits and The Double Entry Accounting System The Accounting Cycle, including: Journal Entries, T-accounts, General Ledger, Trial Balance Statements, Adjusting Entries, Adjusted Trial Balance Statements, and Closing Entries The second part of the crash course will cover: Merchandise Inventory: Perpetual and Periodic Systems Inventory Costing Systems: FIFO, Weighted-average, LIFO Receivables and Bad Debts Revenue Recognition Depreciation and Amortization Intangible Assets The Cash Flow Statement: Indirect Method       HERE'S WHAT SOME STUDENTS OF HAVE TOLD ME ABOUT MY COURSE: "The Notepirate videos got me through Acct 101 with a 97%. I've always found your videos easy to understand and well-paced."  - Alan P. "Hello Dave, just wanted to say thank you! Your videos helped my classmates and I tremendously. We did very well. 95%, 90%, 86%, 85%. Thanks again!" - Ariel S. "Hey Dave. I'm also reviewing in order to become a CPA. Your videos are absolutely brilliant. I have never seen the business activities presented in such a manner... but I will remember this model for a lifetime now. Thank you so much for taking the time to record these videos. You truly are making a huge difference and impact on the world. Cheers..." -  Sarah B.