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Accounting Review: The Basics of Debits and Credits

This course covers the fundamentals of debits & credits, the primary building blocks of accounting & financial statement
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Content

Platform: Udemy
Video: 52m
Language: English
Next start: On Demand

Table of contents

Description

In this course we discuss debits and credits, the primary building blocks of accounting and financial statements.
Taught by a two time former Controller and noted accounting professor at Cal Poly San Luis Obispo, this course serves as review for accounting and finance professionals who need to sharpen their fundamental understanding of core accounting concepts and how they translate into the accounting and financial concepts used to run companies.
We cover:
•A brief overview of core financial statements.
•How each financial statement has accounts that are used to keep track of all business transactions.
•“T-accounts,” debits and credits, and the behavior of those accounts, including recording a variety of transactions into a ledger represented by t-accounts.
•Preparation of basic financial statements.

You will learn

✓ Define the accounting terms debit and credit.
✓ Record business transactions into an accounting ledger represented by t-accounts using debits and credits.
✓ Identify how a trial balance and the accounting equation provide a framework for companies to prepare financial statements.

Requirements

• No advanced preparation or prerequisites are required for this course.

This course is for

• Anyone interested in Accounting, Finance, or related fields.
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Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.
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Platform: Udemy
Video: 52m
Language: English
Next start: On Demand

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