Financial Accounting: A Comprehensive Guide with E-book
Unlock Financial Accounting Mastery: Comprehensive Course for Students, Professionals, and Business Owners
4.40 (3920 reviews)
192 371
students
119 hours
content
Jun 2023
last update
$129.99
regular price
What you will learn
Grasp the basics of financial accounting and understand its objectives and significance in business.
Demonstrate proficiency in using the double-entry accounting system and interpreting the accounting equation.
Record business transactions using debits and credits, including period-end adjusting entries.
Understand and apply the rules for closing entries at the end of an accounting period.
Handle transactions related to the purchase and sale of inventory, including applying inventory cost flow assumptions such as FIFO, LIFO, and weighted average m
Master the use of subsidiary ledgers and special journals, specifically for accounts receivable and accounts payable
Conduct bank reconciliations and apply best practices for cash internal controls.
Accurately estimate and record allowance for doubtful accounts using both allowance method and direct write-off methods.
Understand, calculate, and record depreciation for property, plant, and equipment using various methods, including straight-line, double-declining balance, and
Handle transactions related to the purchase and sale of property, plant, and equipment.
Understand and execute the payroll accounting process, including the calculation of payroll taxes and recording complex payroll journal entries.
Grasp the unique accounting considerations and transactions for partnerships, including income allocation, admission and withdrawal of a partner, and partnershi
Handle transactions unique to a corporate form of entity, including issuance and repurchase of shares, and dividend distributions.
Understand the concept of bonds payable and notes payable, including their issuance, discount/premium amortization, and interest payment.
Prepare a comprehensive statement of cash flows using both direct and indirect methods, and understand its importance in financial analysis.
Use Excel to perform various accounting tasks, including creation of amortization schedules and financial statement preparation.
Understand how to update and adjust accounting records to reflect changes in the business environment.
Grasp the importance of theory in making appropriate accounting adjustments and decisions.
Learn how to compare and contrast different accounting procedures and choose the most suitable for a given business scenario.
Understand and apply the time-value of money concept in the context of bond and note transactions.
Determine current and long-term portions of notes payable using amortization schedules.
Learn how to adapt accounting procedures and policies to ever-changing business and regulatory environments.
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Our Verdict
Bob Steele's Financial Accounting: A Comprehensive Guide with E-book on Udemy is a solid choice for anyone looking for an extensive and practical understanding of financial accounting. Despite minor concerns like confusing section numbering and the occasional monotonous tone, this course offers valuable insights and real-life application examples across numerous subject areas. With regular updates since its initial release in 2018 and continuous improvements to keep up with evolving business needs, it's no surprise that this course boasts a strong rating of 4.4 and has been subscribed to by more than 192,000 students. Equip yourself with solid accounting skills through Bob Steele's instruction, and benefit from the flexibility of learning at your own pace.
What We Liked
- This comprehensive course provides an extensive exploration of financial accounting, making it a valuable resource for students, professionals, and business owners.
- The course content is designed to cater to learners with varying abilities, allowing for better retention and understanding of the material.
- Numerous practical exercises and examples are explained clearly throughout the lectures, making complex concepts more accessible to a broader audience.
Potential Drawbacks
- Some students may find the section numbering confusing, which can momentarily disrupt the learning experience.
- The monotone voice used in the video presentations might impact focus during long study sessions, but access to course materials compensates for this.
Related Topics
1574798
udemy ID
28/02/2018
course created date
20/08/2019
course indexed date
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