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Intermediate Accounting 1: Easy. Fast. Simple!

Experience the "Aha" moment in accounting. Prepare yourself for the CPA exam.
Instructor:
Stefan Ignatovski, Ph.D.
2,449 students enrolled
English [Auto]
Finally understand the concepts of accounting in a fun way, while retaining all the information.
Refresh their understanding of basic financial accounting concepts
Learn the conceptual framework of financial reporting
Prepare the income statement
Prepare the Balance Sheet
Prepare and present the supplementary Disclosures
Review the concept of Time Value of Money
Analyze receivables and write-off bad debts
Value Inventories and use the basic inventory assumptions
Apply the lower-of-cost-or-market
Prepare the statement of cash flows using the indirect method
Prepare the statement of cash flows using the direct method

~~~Learn everything about Intermediate Accounting in about 4 hours.~~~

I believe that you should not fall asleep when learning something new. You need to be encouraged and excited instead. In order to be excited about learning, you need to understand easily. If you struggle to understand, of course you will fall asleep. I have implemented a new way of teaching. Animated videos which are easy to understand. Problem solving videos that teach you how to apply what you have learned. Learning has never been so exciting.

In this course you will find great tools used in business that will aid the decision-making process. You will be able to identify and use important accounting information, identify and analyze various alternatives (projects, investments), and choose the best.

In this course you will find everything explained with a video lecture. There are 2 types of video lectures. The first type is an animated (cartoon) video that breaks down the most difficult concepts used in business. The second type is a problem solving shared screen that will help you with the calculations and analysis, as well as your thinking process.

Depending on your commitment, this course can take you somewhere from a week to few weeks to complete. The curriculum is designed as such, so that you will retain the information you will receive.

Whether you are a business owner, manager, or a student, you will need this course. This course will provide you with great tools that will make your decisions much more informative and calculated.

Introduction to the Course

1
Introduction

Accounting Information System - Refresher

1
The Language of Business
2
Accounting Equation
3
Your Review Matters!
4
Accounting Equation and Transactions
5
Financial Statements - Basics
6
T-Accounts; Debits and Credits
7
Journalizing and Posting - Exercise
8
Accounts Balances
9
Adjusting Entries
10
Deferrals
11
Accrued Expenses - Adjusting, Reversing, and Paying
12
Accrued Revenues - Adjusting, Reversing, Payment
13
The Accounting Cycle

Conceptual Framework for Reporting

1
Conceptual Framework

Income Statement; Other Income Items; Other Reporting Issues

1
Usefulness and Limitations of Income Statement; Earnings Management
2
Single-Step VS. Multi-Step Income Statement
3
Discontinued Operations; Non-controlling Interest; Other Reporting Issues

Balance Sheet

1
Usefulness and Limitations of the Balance Sheet
2
Classified Balance Sheet; Supplemental Disclosures

Time Value of Money

1
Time Value of Money - Basics
2
Present Value and Future Value of a Single Sum
3
Present Value and Future Value of Annuities

Cash and Receivables

1
Cash and Cash Equivalents
2
Petty Cash Fund
3
Receivables - Introduction
4
Valuation of Accounts Receivable (Bad Debts)
5
Bad Debts - Direct Write-Off Method
6
Bad Debts - Allowance Method (Percentage of Sales)
7
Bad Debts - Allowance Method (Aging Receivables)
8
Internal Controls - Basics

Inventories

1
Merchandising Companies
2
Merchandising - Problem Solving
3
Manufacturing Companies
4
Inventory Assumptions (FIFO, LIFO, Average Cost, Specific Identification)
5
FIFO Problem Solving (Perpetual)
6
LIFO Problem Solving (Perpetual)
7
Average Cost Problem Solving (Perpetual)
8
Dollar-Value LIFO

Other Valuation Issues of Inventories

1
Lower of Cost or Market
2
Gross Profit Method

Statement Of Cash Flows

1
SCF Indirect Method
2
SCF - Direct Method
You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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Includes

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