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Financial accounting is a very detailed discipline, but the details must be properly understood otherwise they have no value.
To succeed in accounting, an accounting student must understand the financial statements and how they work together to form the big picture. Having an understanding of the financial statements will enable an accountant to make journal entries using common sense, and will empower managers and owners to make solid business decisions.
This class is designed to walk you through the balance sheet, income statement, and statement of cash flows.
I truly believe that the secret to being a great accountant and successful businessperson is being able to see the big picture. Please join me for an enjoyable class that will change the way you see accounting.
|Course Introduction: Financial Accounting||01:36|
|What is a Balance Sheet||13:42|
|What does the Balance Sheet actually tell us?||10:40|
|Understanding the Income Statement||09:16|
|Profit = Cash?||04:00|
|Introduction to the Statement of Cash Flows||02:57|
|Understanding the Statement of Cash Flows||11:03|
|Understanding the Big Picture||03:35|
|January & February Journal Entries and Financial Statements||10:43|
|March & April Journal Entries and Financial Statements||08:56|
|May & June Journal Entries and Financial Statements||13:09|
|Review & Goodbye!||00:52|
|Quiz for course „Financial Accounting: Understanding the Big Picture“|