Full accounting crash course for beginners and new accountants.
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If you are a complete beginner, or just interested in learning accounting as a profession, this 1.5 hours video will help you understand what is accounting? the accounting principles, rules of debit and credit, how journal entries are done and how financial statements are made, all in less than 90 minutes. After taking this free video course, you can even start working in the Accounting department as this will help you grasp all the concepts and learn how accounting takes care of all business transactions in a company.

Together we learn all the accounting principles, learn the rules and conventions of accounting, prepare journal entries for various transactions and then prepare trial balance, profit or loss statement, balance sheet and cash flow statement to complete the full cycle of accounting.

00:00 Introduction
01:02 What is accounting?
02:30 What are debits and credits?
05:14 Rules of Debit and Credit
08:38 Default balance position
09:04 What is an Asset in Accounting
10:23 What are International Financial Reporting Standards (IFRS)
15:24 Examples of Assets
18:50 Types of assets in Accounting
19:12 Current assets in Accounting
22:10 Noncurrent assets in Accounting
23:20 Intangible assets
24:45 What is a Liability in Accounting
28:54 Types of Liabilities
30:49 What is Equity
34:31 Income and expenses
40:34 Accounting principles
53:58 Practice accounting entries (Examples)
1:09:47 Flow of Accounting entries
1:11:04 General Journal
1:12:38 General Ledger
1:16:00 Trial balance
1:17:28 Financial statements
1:18:07 Balance sheet
1:19:30 Income statement
1:22:37 Cash flow statement

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