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After our first course, dig deeper into the actual "How" of recording bookkeeping activity.

£100.00
Course Access

Unlimited Duration

Last Updated

October 18, 2021

Students Enrolled

371

Course Duration

3 hours, 55 minutes

Course Instructor
Certification
Using simple, easy-to-understand discussion, illustrations and note sheets, this focused course with video lessons teaches you the basic understanding of the financial tools "debits" and "credits" along with allowing you to put your learning into practice. Everyday examples, using common phrases and terms you already know, allows the instructor to break through the confusion and teach the concept and use of the tools on which everything else in bookkeeping and accounting is built.  Then as each new concept is introduced, you will have the opportuning to apply those points using a short, customized practice activity.  After completing your work, Ron will walk through the steps to allow you to understand what has taken place and identify areas you may need more practice or a better understanding. After completing the course, students will feel more confident and knowledgeable on topics such as... • What's the difference between debits and credits • When does each one mean an increase versus a decrease • How do they relate to assets, liabilities and equity • Also, how do they relate to income and expenses • What is a T-Account and how is it used in bookkeeping • What is an EASY way to remember when to use "debit" and use "credit" This course works in conjunction with other courses in the series including: • an overview of the basic fundamentals of how bookkeeping works for small businesses • a complete practice set that allows you to put all the new learning into use • an overview of the largest small-business software in the world • and a course specifically designed to connect the concepts with personal finance.

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Course Curriculum

    • Course Overview 00:04:00
    • Course Overview 00:01:00
    • Meet the Instructor and Resources 00:05:00
    • Meet the Instructor and Resources 00:01:00
    • Tips for the Experience. 00:02:00
    • The Set Up of the Course 00:05:00
    • The Set Up of the Course 00:01:00
    • Accounting Is A Process 00:05:00
    • Accounting Is A Process 00:01:00
    • Intro & Let’s Refresh 00:06:00
    • Intro & Let’s Refresh 00:01:00
    • Finish Up The Refresh 00:08:00
    • Finish Up The Refresh 00:01:00
    • Seeing Double? 00:06:00
    • Double Entry Acct 00:01:00
    • Seeing MORE Than Double? 00:04:00
    • Double Entry Acct 2 00:01:00
    • Bob and the Equation 00:07:00
    • Bob and the Equation 00:01:00
    • Bob and the Equation 2 00:08:00
    • Bob and the Equation 2 00:01:00
    • Equation Practice 00:06:00
    • Equation Practice 00:01:00
    • T-Accounts & What Is A Debit? 00:12:00
    • T-Accounts & What Is A Debit? 00:01:00
    • Transactions to T-Accounts 00:16:00
    • Transactions to T-Accounts 00:01:00
    • Footing, Balancing and Trial Balancing 00:06:00
    • Footing, Balancing and Trial Balancing 00:01:00
    • Intro the Assignments 00:02:00
    • Bookkeeping Mechanics Quiz 00:01:00
    • Homework Activity – Part 1 00:01:00
    • Homework Answers – Part 1 00:01:00
    • Introducing “The Cycle” 00:06:00
    • Introducing “The Cycle” 00:01:00
    • Interim vs Final 00:06:00
    • Interim vs Final 00:01:00
    • What Are Adjustments and Closings? 00:06:00
    • What Are Adjustments and Closings? 00:01:00
    • Setting Up The Worksheet 00:05:00
    • Setting Up The Worksheet 00:01:00
    • The Cycle Quiz 00:01:00
    • Why Adjust? 00:03:00
    • Adjustments Intro 00:01:00
    • Prepaid Assets 00:07:00
    • Prepaid Assets 00:01:00
    • Inventory Adjustments 00:08:00
    • Inventory Adjustments 00:01:00
    • Depreciation 00:08:00
    • Depreciation 00:01:00
    • More Depreciation 00:05:00
    • More Depreciation 00:01:00
    • Accrued Liabilities 00:07:00
    • Accrued Liabilities 00:01:00
    • Wrapping The Adjustments 00:09:00
    • Wrapping The Adjustments 00:01:00
    • Adjusting Quiz 00:01:00
    • Homework Activity – Part 2 00:01:00
    • Homework Answers – Part 2 00:01:00
    • Closing? We’re Still In Business! 00:06:00
    • Closing Intro 00:01:00
    • What Gets Closed 00:04:00
    • What Gets Closed 00:01:00
    • Revenue, Expenses and IS 00:07:00
    • Revenue, Expenses and IS 00:01:00
    • Closing The IS and Draw 00:05:00
    • Closing The IS and Draw 00:01:00
    • Closing Quiz 00:01:00
    • Homework Activity – Part 3 00:01:00
    • Homework Answers – Part 3 00:01:00
    • BONUS: Let’s Wrap Up 00:02:00
    • Get Your Certificate & Transcript 00:00:00

Course Reviews

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