Introductory Financial Accounting

Master the fundamentals of Financial Accounting, including the accounting cycle, inventory, depreciation, and more, with practical exercises and a comprehensive workbook.

  • Overview
  • Curriculum
  • Instructor
  • Review

Brief Summary

This course is your go-to for understanding the basics of Financial Accounting. You'll dive into the accounting cycle, inventory management, and financial statements, all while practicing with a handy workbook. Perfect for beginners who want a solid foundation!

Key Points

  • Understanding the accounting cycle: transaction analysis, adjustments, closing
  • Buying and selling inventory
  • Costing inventory and managing internal controls
  • Working with fixed assets and depreciation
  • Learning about financial statements: Income statement, Balance Sheet, etc.

Learning Outcomes

  • Get comfy with the accounting cycle and its steps.
  • Master how to buy and sell inventory like a pro.
  • Understand how to handle fixed assets and their depreciation.
  • Learn to prepare essential financial statements.
  • Boost your confidence in handling real accounting problems.

About This Course

Learn the basics of Accounting including: the accounting cycle, inventory, depreciation, receivables, and more!

This course covers the basics of Financial Accounting:

  • The accounting cycle (transaction analysis, adjustments, closing)

  • Buying and selling inventory

  • Costing inventory

  • Internal controls and cash

  • Receivables

  • Fixed assets and depreciation

  • Financial statements: Income statement, Statement of retained earnings, Balance Sheet, and Statement of cash flows

The method of instruction is a combination of lecture and exercises we work through together.  Also included in the course is a workbook that has problems to work through (answers in the back) as a way to practice practice practice!

Take this course now and learn financial accounting basics.

  • Understand the basics of Financial Accounting

  • Practice using the included workbook

Course Curriculum

Instructor

Profile photo of Erik Slayter
Erik Slayter

Erik SlayterCertified Public Accountant Erik is currently an Accounting Professor at California Polytechnic State University in San Luis Obispo.  Formerly, Mr. Slayter served as Division Controller for the San Luis Obispo County division of Waste Connections, Inc. (NYSE: WCN).  Prior to Mr. Slayter’s work for Waste Connections, he was Controller and MIS Director for Waller Genetics, a leading horticultural research...

Review
4.9 course rating
4K ratings
ui-avatar of Slm
Slm
5.0
2 years ago

cool

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ui-avatar of Donavan Lum
Donavan L.
5.0
2 years ago

very clear super good.

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ui-avatar of Jean Pierre Castro
Jean P. C.
5.0
2 years ago

Great explanation of Financial Accounting. Thank you Udemy.

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ui-avatar of Elmary Claybon
Elmary C.
4.5
2 years ago

so far super easy to follow along.

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ui-avatar of Deidre De Koker
Deidre D. K.
4.5
3 years ago

I have learned alot and it was a good match for me

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ui-avatar of Manoj Padmanabhan
Manoj P.
4.0
3 years ago

Yes it is a right decision

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ui-avatar of Tanya Boch
Tanya B.
5.0
3 years ago

Good

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ui-avatar of James Mwangi
James M.
5.0
3 years ago

So nice

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ui-avatar of Tekura Kahutianui Teriaki
Tekura K. T.
5.0
4 years ago

really enjoyed it, help get a refresher and a bit more knowledge

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ui-avatar of Walter van Lieshout
Walter V. L.
4.0
4 years ago

I give Erik Slayter full credit for knowing his subject and ensuring that his students understand accounting principles and fundamentals. He emphasizes what practicing professionals need to know.

On a personal note, I rarely engaged with the dry presentation of material but repetition helped greatly. Thanks!

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