Accounting Crash Course - Be job ready in 1.5 hours!

Full accounting crash course for beginners and new accountants.

If you are a complete beginner, or just interested in learning accounting as a profession, this 1.5 hours video will help you understand what is accounting? the accounting principles, rules of debit and credit, how journal entries are done and how financial statements are made, all in less than 90 minutes. After taking this free video course, you can even start working in the Accounting department as this will help you grasp all the concepts and learn how accounting takes care of all business transactions in a company.

Together we learn all the accounting principles, learn the rules and conventions of accounting, prepare journal entries for various transactions and then prepare trial balance, profit or loss statement, balance sheet and cash flow statement to complete the full cycle of accounting.

00:00 Introduction
01:02 What is accounting?
02:30 What are debits and credits?
05:14 Rules of Debit and Credit
08:38 Default balance position
09:04 What is an Asset in Accounting
10:23 What are International Financial Reporting Standards (IFRS)
15:24 Examples of Assets
18:50 Types of assets in Accounting
19:12 Current assets in Accounting
22:10 Non-current assets in Accounting
23:20 Intangible assets
24:45 What is a Liability in Accounting
28:54 Types of Liabilities
30:49 What is Equity
34:31 Income and expenses
40:34 Accounting principles
53:58 Practice accounting entries (Examples)
1:09:47 Flow of Accounting entries
1:11:04 General Journal
1:12:38 General Ledger
1:16:00 Trial balance
1:17:28 Financial statements
1:18:07 Balance sheet
1:19:30 Income statement
1:22:37 Cash flow statement

Connect:

Hope you find the information in the video helpful. If you like to watch more videos in accounting, financial analysis and controller ship, videos that help you directly in doing your job, subscribe to my channel. If you liked the video, I would love if you could LIKE it and leave a comment. If you have any questions or feedback, again leave a comment. Lets stay connected at #learnaccountingfinance.

[oprahsgran]

Doing Accounting for the first at college level, and having a difficult time grasping what is going on half the time. Praying this video will get me in the groove of things so I can actually start practising. Will give a review tomorrow

[miningindustrysupplysl]

Thank you. Its well explained and precise

[Hrutvyexpress]

I must say very well explained, its s great refresher for me as I prepare for interviews. Keep it going.

[tonyreisdorff]

This one video was clearer and more helpful than several bookkeeping courses I have purchased. What a great teacher - thank you!

[and.so.it.is.]

Thank you for this refresher course. This was extremely helpful as an accountant that has been out of the office for a few years.

[shellapacheco]

I was so glad that I came across your video!!! Being determined to learn as a beginner, I have watched quite a number of videos of accounting tutorials and boy, the more I watched, the more I got confused!😄 But in your video, I really learned very well!!!! Thank you so much!!!!

[sophiemonfared]

Dear Professor. Thank you so much for providing these wonderful free courses. They are very clear and
helpful.

[elangomaria]

Very well explained. Accounting lessons for dummies ❤

[siddharthsofin]

Thank you so much, best accounting crash course ever!

[Med_Amine]

Many thanks! Your teaching is clear and concise

[mariavigilviera]

Thanks, it was very helpful, I learn lot and was very interesting, not boring at all!

[glenmarshall]

Very good video. The examples were clearly explained.

[HeenaFatima-wdux]

Sir u ar very politely explaining.Do you have any other lecture in which u explain how it works in Real time.Please share the link
Thanks

[FinancialLiteracy-wvgj]

Thank you for your extensive course. I appreciate all of this knowledge that I will be applying immediately at work.

[DrGTD]

the example in 36:43 about burgers seem to go against the credit/debit rule for income ? seems like both debt and credit were increased as you mentioned asset (recorded under debit) and income (recorded under credit) both increases ?

[noyb]

Thank you. Tried EdX and Udemy their classes are full of bullshit and time wasting. Thank you for making it clear and concise.

[pihouuy]

What was the main finance question that interview given to finance position please master

[ShubhamSharma-ym]

The video was very helpful for a beginner like me in the accounting but i didn't get the second example of matching principle.
can someone explain it to me?

[TheCANexus]

Credit debit note who issues and when it is issued?

[guruprasadchaudharya]

Ledger make sales and purchase at excel