Accounting 101
Offered By: YouTube
Course Description
Overview
Syllabus
Debits and credits DC ADE LER.
Accounting equation explained.
Debits and credits explained.
Double entry accounting explained.
Balance sheet and income statement relationship.
Accruals explained.
Prepaid expenses explained.
Prepaid expense examples.
Suspense accounts explained.
Depreciation explained.
History of accounting.
What is a general ledger.
US GAAP vs IFRS.
Trial balance explained.
T accounts explained.
Current assets and current liabilities.
Cost Of Goods Sold (COGS) explained.
Income statement explained.
BALANCE SHEET explained.
Closing entries in accounting.
Accrued revenue.
Accrued revenue vs deferred revenue.
Adjusting entries.
Trial balance vs balance sheet.
What is gross profit.
Average cost inventory method.
Taught by
The Finance Storyteller
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