Course Overview

    1. Accounting Course Overview

    2. Understanding Accounting

    3. Accounting 101

    4. Assumptions Accountants Make

    5. Accounting Principles and Assumptions

    6. General Purpose of Accounting

    7. Accounting Categories

    8. The Simplest Kind of Accounting System

    9. Accounting & Newton's 3rd Law

    10. Kinds of Accounts: Assets, Liabilities and Equity

    11. Understanding How Debits and Credits Work

    12. Journalizing in Accounting

    13. Journalizing + The Chart of Accounts For The Balance Sheet

    14. Understanding the Chart of Accounts for the Income Statement

    15. Journalizing Examples Part 1

    16. Journalizing Examples Part 2

    17. Wrap Up of Journalizing

    18. The Big Secret of Accounting

    19. 0401 Glossary Accounting Overview

    20. Accounting Quiz 1

    1. Welcome to Financial Statements

    2. Introduction to Financial Statements

    3. Financial Statements and the Balance Sheet

    4. Looking at the Balance Sheet

    5. Dividing Up the Balance Sheet

    6. Looking at the Different Sections of the Balance Sheet

    7. Problems with Understanding the Balance Sheet

    8. How to Look At The Balance Sheet

    9. How to Read a Balance Sheet

    10. Reading the Balance Sheet for NonCurrent Assets

    11. Accounting Quiz 2

    12. Reading the Balance Sheet at Liabilities

    13. Reading the Balance Sheet and Long Term Liabilities

    14. Observations about the Balance Sheet

    15. Cost of Goods Sold Equation

    16. Understanding Gross Margin

    17. Construction Accounting

    18. Looking at Expenses

    19. Strange Acronyms and Methods of Accounting

    20. Problems To Be Aware Of

    21. The Cash Flow Statement And The Indirect Method

    22. Accounting Quiz 3

    23. The Cash Flow Statement and the Direct Method

    24. Cash Flow Activities and the Statement of Owner's Equity

    25. Notes to Financial Statements

    26. The Accountant's Report

    27. The Compilation Financial Statement

    28. Reviewed Financial Statement

    29. Audited Financial Statement

    30. Accounting Services

    31. The Accounting Pyramid and Summary of Course

    32. Accounting Quiz 4

    1. Welcome to Accounting Processes

    2. Understanding the Process of the Accounting Cycle

    3. Bookkeeping and Journalizing

    4. Deeper Dive of Journalizing

    5. The Payroll Process in Journalizing and Adjustments

    6. Summarizing and Adjustments

    7. Preparing the Financial Statement

    8. Accounting Quiz 4

    1. Welcome to Accounting Principles

    2. Understanding Accounting Principles

    3. Accrual Accounting

    4. GAAP

    5. Basic Accounting Principles Explored

    6. The Accrual Method

    7. Financial Statements & Accounting Principles

    8. Looking at the Balance Sheet: Accounts Recievable

    9. Accounting Quiz 5

    10. Inventory

    11. Fixed Assets and Other Assets

    12. The Liabilities Section

    13. The Equity Section

    14. The Income Statement

    15. Other Accounting Issues

    16. Accounting Quiz 6

    1. Welcome to Managerial Accounting

    2. Managerial Accounting Intro

    3. What Managerial Accounting is All About

    4. Variance Analysis

    5. Cost Analysis

    6. Understanding Cost Benefit

    7. Other Aspects of Cost Benefit

    8. Break-Even & Cost Volume Profit

    9. Activity Based Costing

    10. Product Costing

    11. Business Driver Metrics

    12. Forecasting and Planning

    13. Accounting Quiz 7

    1. When Accounting Goes Bad

    2. How Sales Tax Should be Handled

    3. Software Issues

    4. Red Flags to Look For

    5. Causes of Unreliable Financials

    6. Welcome to When Accounting Goes Bad

    7. Accounting Quiz 8

Course Details

  • 125 lessons
  • 11.5 hours of video content
  • Category: Accounting
  • Online & Mobile
  • Level: Basic

Understand Accounting Like Never Before

Course Overview

This comprehensive course serves as an  primer on accounting tailored for practicing accountants who are  seeking a refresher or professionals aiming to enhance their understanding of accounting basics. Participants will delve into a broad spectrum of accounting topics, covering:

Accounting Overview: Gain insight into the overarching principles and concepts that underpin the field of accounting, providing a framework for understanding the subsequent topics covered in the course.

Financial Statements: Delve into the preparation, presentation, and analysis of financial statements, including the income statement, balance sheet, and statement of cash flows, essential tools for assessing an organization's financial performance and position.

The Accounting Process: Navigate through the intricacies of the accounting cycle, from recording transactions to preparing financial statements, ensuring accuracy, reliability, and compliance with accounting standards.

Managerial Accounting: Explore the role of managerial accounting in internal decision-making processes, focusing on cost analysis, budgeting, and capital investment evaluation to support strategic planning and control within organizations.

When Accounting Goes Bad: Examine the consequences of accounting malpractice and unethical behavior, highlighting the importance of integrity, transparency, and adherence to professional standards in maintaining the credibility and trustworthiness of financial information.

Financial Analysis: Develop proficiency in financial analysis techniques, utilizing financial ratios, trend analysis, and other tools to interpret financial data and evaluate the performance and solvency of businesses.

Accounting Software: Familiarize yourself with accounting software applications, exploring their features and functionalities to streamline accounting processes, enhance efficiency, and facilitate accurate financial reporting.

This course offers a holistic review of accounting concepts, making it suitable for professionals at any organizational level seeking to bolster their understanding of accounting. Through this program, participants will emerge equipped with the knowledge and skills to navigate the complexities of accounting with confidence and competence.


Prerequisites: 

  • A familiarization of accounting
  • No advanced preparation needed

Accreditation Information:

  • NASBA Delivery: QAS Self-Study
  • NASBA Field of Study: Accounting 11 hrs
  • NASBA National Registry of CPE Sponsors: Pending
  • NASBA Publication Revision Date: 8/2022

Learning Objectives

Upon successful completion of this course, the participants should be able to:

  • Understand the Entity Concept: Describe the fundamental principle of the entity concept in accounting, elucidating its significance in treating a business as a distinct economic entity and tracking both incoming and outgoing transactions.

  • Analyze Financial Performance: Interpret the financial health of a business by evaluating key indicators such as profitability, liquidity, assets, liabilities, and owner's equity, enabling informed decision-making for business owners and managers.

  • Comprehend Financial Statements: Differentiate between the three primary financial statements—income statement, balance sheet, and cash flow statement—explaining their respective purposes, structures, and significance in assessing a business's financial position and performance.

  • Evaluate Supplementary Financial Documents: Assess the importance of supplementary financial documents, including the notes to financial statements and accountant's report, in providing additional context, disclosures, and expert assessments for a comprehensive understanding of financial data.

  • Apply Accounting Principles and Assumptions: Apply foundational accounting principles and assumptions to ensure consistency, reliability, and transparency in financial reporting, aligning with industry standards and regulations.

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Instructor

CPA, MBA, CEA Carl Heintz

Carl Heintz earned his undergraduate degree in business Magna Cum Laude from the University of Southern California, and obtained his MBA degree from the USC's Marshall School of Business. He passed the CPA exam on the first try, and is licensed as a CPA in several states. He was a tax manager for Ernst & Young where he served on the firm's regional management advisory services committee and co-author the firm's first internal operational auditing manual. Later, he served as a partner in a several local CPA firms and has started and grown multiple CPA firms. Carl has been a consultant to a variety of Fortune 100 corporations, such as BP and Cigna, and many smaller companies, ranging from one-person “solopreneurs” to emerging public companies. He's helped companies in initial and secondary public offerings as well as providing “leading edge” engagements, such as sophisticated financial plans, modeling and multivariate analyses, stochastic analyses, ROI, NPV, and ratio analyses, sensitivity analyses, strategic plan formulation and complex business plan models, in addition to the “bread and butter” accounting and tax services. He's helped dozens of small businesses set up systems and use financial information to achieve operational success. Carl has owned interests in many businesses, including publishing, personnel placement, software, storage facilities and internet enterprises. He is the primary author of a financial accounting software system used by over 200 large businesses across the country, and he developed a rental property software system adopted by several large office buildings on both coasts. Recently, he's been a nationally recognized speaker and author for Thompson Reuter's Gear Up seminars. He has also been an instructor in taxation, accounting and data processing at the University of California, Los Angeles, University of Southern California and several community colleges. He is the author of dozens of published articles and three books, as well as serving on the editorial board for numerous tax, accounting and technology publications. He was the producer and presenter for National Public Radio's “tax tips” series.

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