4.61 out of 5
4.61
2327 reviews on Udemy

Financial Accounting – #1 Ranked University: Course 1 of 5

Honored by the President of the United States for outstanding teaching, learn Accounting from the self-made millionaire.
Instructor:
Norm Nemrow
21,132 students enrolled
English [Auto] More
Learn accounting from the #1 highest rated Accounting course on Udemy!
Produced and used at the #1 Accounting university in the World (as rated by the London Financial Times - 2013)
You will learn how to run a business through understanding accounting at the university level... the most in-depth course available
Learn how to maximize your business profits by understanding the Accounting Cycle
You will learn how to Finance a Business, the different Financial Statements, and legal forms of Businesses
You will learn about the vital Income statement and the famed accounting equation
Quickly learn debits and credits
Learn how to create financial statements
You will learn Accrual Accounting vs Cash accounting and know the advantages of each for your business
You will learn about Sales Revenue and Inventory (LIFO, FIFO, Average Cost)
You will learn how to protect your business so you don't get ripped off with Internal Controls.
You will learn about Long-Term Assets, Stocks, Bonds, and Dividends
You will learn how to strategically invest in a company's stock through analyzing their financial statements

Quick Glance

  1. Produced by the #1 Accounting University in the World (as rated by the London Financial Times)

  2. Professor is a self-made millionaire many times over. Taught accounting at his university as a volunteer and became the #1 best teacher on campus

  3. Professor honored by the President of United States for teaching

  4. #1 rated Accounting course on Udemy for many YEARS

  5. Earn real University CREDITS by taking this course (see below for details)

  6. Between 5-10 times MORE content than other Udemy accounting courses. A real university course isn’t accomplished in 1-3 hours (don’t believe the hype). We train the highest recruited accounting students by the top four accounting firm on earth. We know what it takes to make you powerful in accounting.

Description

Learn accounting from the self-made millionaire Norm Nemrow and the recipient of a famed teaching award from the President of the United States. This course is produced by the #1 accounting university in the world, Brigham Young University (Rated by the London Financial Times 2013). This course will teach you the fundamentals of Financial Accounting better and more effectively than any course available today… guaranteed. Other courses may talk a good game but our course is the gold standard. This IS the specific course that prepares the top recruits into the big four accounting firms worldwide and recommended by HARVARD to its incoming MBA students.  Join over 100,000 top students from the top universities all over the world with our famous course that we’re now making available on Udemy.  No other Accounting course to our knowledge has been highlighted in Wired magazine, Gagaom, and the New York Times, yes, it’s that popular and well acclaimed. Welcome to the Norm Nemrow Accounting Course where you can get a NNAC in Accounting.

The Introduction to Accounting Course Series is composed of FIVE courses. If you take the challenge and learn the content in all FIVE courses then you will have mastered the first year of accounting at the best accounting university program in the world. These are the SAME courses we use at the university, which means if you sign-up with our Independent Study program, you only need to take the exams and you’ll receive 6-credit hours. These credits are extremely valuable and will transfer to virtually any higher institution in the world. No other course on Udemy prepares you for real college credit-hours like our courses. However, if you decide the credits are not for you, that’s also great… you will have received the best accounting education in the world here on Udemy, and you will have the knowledge you need to master your business and lead your company into the future.


Courses Offered
(All FIVE courses build on each other in order):

Course 1: Introduction to Financial Accounting (THIS COURSE)

Course 2: Introduction to Managerial Accounting

Course 3: Advanced Financial Accounting (NEW)

Course 4: Advanced Managerial Accounting (NEW)

Course 5: Accounting Capstone (NEW)

  • Developed and used at the #1 Accounting University in the World   

  • Discussed in Wired Magazine, Gigaom, & New York Times

  • Professor Norm Nemrow, self-made millionaire and the recipient of the National Points of Light Service Award from President Bush and teacher of the year at BYU EVERY YEAR the award was offered.

    Let’s be honest, accounting has a negative stigma attached to it. Why? Because mainstream accounting education teaches students how to be nothing more than bean counters. Talk about boring! We take a different approach; a better approach. In a nutshell, we teach students how to become business decision makers. Our goal is to give business leaders and entrepreneurs the necessary tools so they can unleash their ideas and be successful in the open business market. Accounting is the language of business and an entrepreneur with a solid understanding of the fundamental principles of accounting can run a business and solve problems better than competitors who fail to learn these crucial concepts. So join us in this exciting educational experience that will enrich your life and give you the competitive edge in your business.

Meet Your Instructor and Introduction to Course

1
Meet Your Instructor and Introduction to Course

Introduction to Financial Accounting

1
What is a Business? | Keys to a Successful Business
2
Debt vs. Equity Financing | Financial vs. Managerial Accounting
3
General Financial Statements | Comparable Information | The Role of GAAP
4
Legal Forms of Business Ownership | Corporate Governance |Business is Good

General Purpose Financial Statements

1
Introduction to the Financial Statements |Balance Sheet | Stephen's Sweet Shop
2
The Income Statement | Revenues Defined | Expenses Defined
3
Expanded Equation
4
Relationship of Statements | Financial Statement Formats

Accounting Cycle Part One

1
Asset Valuation
2
Debits & Credits | Journal Entry Examples
3
Posting to the General Ledger
4
Trial Balance: What and Why? | Income Statement |Statement of Retained Earnings

Accounting Cycle Part Two

1
Common Ending Account Balances
2
Accrual Basis Accounting | Revenue Recognition Principle | Accrual vs Cash Basis
3
Adjusting Entries | Prepaid Expense Examples | Unrecorded Expenses and Revenues
4
Closing entries | Real vs. Nominal Accounts | Closing Entry Example
5
Account Analysis Examples

Financial Practice Set

1
Financial Practice Set - Introduction and Objectives
2
Introduction
3
Financial Practice Set form
4
Purpose of Exercise, Business Information, Requirement, Enclosures
5
Enclosures Continued, Subsidiary Ledger, Record Transaction, Special Journals
6
Using a Special Journal
7
Transactions Continued, General Journal, Trial Balance, Conclusion
8
Transactions continued, General Journal, Trial balance,
9
Financial Practice Set Solution

Sales Revenues

1
Sales Revenue
2
Accounting for Uncollectible Accounts

Inventory

1
Introduction to Accounting for Inventory
2
Purchase Discounts and Returns of Inventory
3
Inventory Cost Flows
4
Effects of Inflation and Deflation
5
Application of FIFO, LIFO, MWA
6
Physical Inventory Count and Recap

Operating Expenses and Internal Controls

1
Income Statement Format
2
Payroll Tax
3
Other Operating Expenses
4
Internal Controls

Long Term Operating Assets

1
Introduction to Long-Term Assets
2
Acquisition of an Asset
3
Allocation of the Cost of an Asset (expense over useful life)
4
Repairs, Maintenance and Improvements of Assets
5
Sale or Disposal of Asset
6
Practice Problems: Long-Term Assets
7
Intangible Assets
8
Goodwill
9
Natural Resources and Practice Questions

Debt and Equity Financing

1
Notes Payable
2
Mortgage Notes Payable
3
Bonds Payable
4
Common Stock
5
Preferred Stock
6
Dividend Payments

Financial Statement Analysis

1
Measures of Liquidity
2
Measures of Leverage
3
Measures of Management
4
Measures of Profitability
5
Measures of Stock Value
6
Vertical Analysis
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Includes

24 hours on-demand video
1 article
Full lifetime access
Access on mobile and TV
Certificate of Completion