Accounting in 60 Minutes - A Brief Introduction

Unlock the Secrets of Basic Accounting with Professor Turner!

This isn't your average accounting course. Professor Turner, with experience teaching basic accounting to thousands, has crafted a unique approach using intuitive shortcuts and relatable analogies. If you're looking for a simple and fun way to learn accounting, this introductory course is perfect for you.

In approximately one hour, you'll grasp the very basics of accounting. The course features engaging videos of the instructor explaining concepts at the whiteboard, reinforced by simple quizzes to solidify your understanding.

Who is this course for?

• Business Owners: Gain a crucial understanding of how your business's financial numbers work – essential for success.
• Managers: Navigate daily accounting discussions with confidence and understand the roles of accounting staff.
• Business Students: Conquer your first accounting course or get a fresh, easy-to-understand explanation of fundamental concepts.
• Accounting Students: Refresh your understanding of basic accounting principles and build a solid foundation.

What will you learn?

This course demystifies key accounting concepts, including:

• The Accounting Equation: Understand the fundamental relationship between assets, liabilities, and equity.
• Balance Sheets: Learn to interpret a balance sheet and understand its components.
• Income Statements: Master the income statement and how it reflects your business's performance.
• Debits and Credits: Finally understand debits and credits – and how to determine which increases or decreases an account.
• Profit vs. Cash: Discover why profit does not equal cash and its implications for your business.

Learning Objectives:

• Apply the basic accounting formula to real-world scenarios.
• Identify assets, liabilities, and equity with ease.
• Describe the connection between the income statement and balance sheet.
• Recognize why profit does not equal cash.
• Interpret a balance sheet to assess financial health.
• Predict whether an account increases with a debit or credit.
• Summarize the purpose of a trial balance.
• Differentiate between income statement and balance sheet accounts.

Ready to finally understand accounting? This course provides a welcoming and accessible introduction to the world of finance.

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