Instructor for this course
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Enrolled:
747
Duration: 1.5 Hours
Level: Foundational
Access This Course: Instant Access to Course Library

This course is for aspiring accountants or non-CPA finance professionals who want to improve their understanding of how accounting works.  This course packs the best of what you need to know to understand core accounting concepts and perform common accounting transactions in one hour. 

Along the way, I show you tips and techniques to make sure you stay on track and your books balance.  I teach you how to prepare financial statements using a simple conceptual model that can apply to any organization small or large.

Course Collections

This course is included in the following Course Collections:

Learning Objectives

  • Describe and recognize the accounting underlying financial statements.
  • Analyze business transactions to determine which are reportable, and of those, which are on account of income and which are on account of capital.
  • Prepare journal entries for common business transactions.
  • Post entries to create a general ledger and a trial balance using a spreadsheet.
  • Prepare the income statement, the statement of changes in equity, and the balance sheet.

165 Reviews (419 ratings)Reviews

3
Anonymous Author
I've never taken an accounting course. I wish it was way more visual than just text on a slide. When he was talking through the financial statements, we should have seen his process, not just heard it.
5
Anonymous Author
nice basic refresher.
5
Member's Profile
Effective course that teaches the basics of accounting. I like the step by step explanation of how the different types of accounting statements tie together. It helps me understand the concepts better and apply them to the different scenarios. One thing I disliked is how it doesn't show the questions we got wrong. It would be better if the website shows incorrect answers after the final exam is complete so I can review them.
4
Anonymous Author
If we've failed the final exam, I wish the the program would show us which questions we answered correctly, and which were incorrect so we can go about correcting the incorrect ones. Having to restart to a blank test leads me to second guess answers I might have gotten right initially. I don't learn from my mistakes if I never knew which had been answered incorrectly in the first place.
4
Anonymous Author
Overall it was a very good course. The instructor went over from the very basic journal entries to constructing the financial statements. I really liked the journal entry practices. However I do think that was a lot of information to cover in just about an hour. Many of the contents can be a little confusing to understand for someone who is new to accounting.
5
Anonymous Author
Like the way you put everything transaction represented in debit/(credit) this makes life so easy. Furthermore, I like the fact that you used working trial balance as a base to complete the income statement, statements of equity changes and balance sheets because it really draw out the real flow of how financial statements to be put up.
3
Anonymous Author
Very basic. If you are truly new to accounting the details about when to debit or credit various types of accounts will need some supplementary knowledge not found in this course. Without the extra help you will not be prepared to consistently make correct journal entries. Decent beginners course.
4
Anonymous Author
The course was pretty straight forward and to the point, Surprised that this course condenses chunks of books in a short period of time, making this effective in terms of time. I think newbies in accounting as well as those who need to refresh their knowledge would gain from this.
5
Anonymous Author
Instructor crystalized organized basics of accounting in a very understandable format in only an hour. I have a BS in Acctg. and an MBA, but took this as a refresher course since I don't deal with accounting much anymore. Detangles confusing debits and credits so it all makes sense.
3
Member's Profile
I understand that this is supposed to be a fast course, but had trouble following along so quickly. This was especially true when trying to follow along on excel. I did like that the course was shown with an example, and that the example was consistent throughout the entire course.
5
Very good, very basic overview. Blair provides an excellent introduction to the topic that helps make the "accounting-speak" jargon more transparent, so that newbies can understand better what they are looking at, and can be more productive.
5
Member's Profile
Course was informative. Liked that the professor used layman terms for beginners to understand the accounting language. The glossary, slides and excel schedule was very helpful in understanding how to create the financial statements.
5
Anonymous Author
I was looking for other courses by Blair and found this one. I watched thinking it might be helpful to our interns and new accounting staff...it is the best intro course I have seen and I plan to use some of this for our staff orientation.
4
Anonymous Author
Thought it was very helpful; he did speak a bit fast so it was difficult to take notes, but I could always pause the video or refer to the PDFs at the end, (so it wasn't much of an issue). He explained things very well most of the time.
5
Member's Profile
I thought this was a good course. You would need to know just a little bit about accounting to not be confused since it's such a quick overview, but is a great refresher for someone that may not have seen the information in a while.
5
Member's Profile
Good thorough review of the basics of accounting. And I liked his graphic of Assets = Liabilities +Equity, that the boxes on either side of the = have to be exactly the same size. That is a good concept to share with non-accountants.
4
Member's Profile
quick paced and a high overview that anyone with some basic financial background can appreciate as a first step into some of the formal aspects of financial reporting. Good/challenging content for the basic level.
4
Anonymous Author
This is my first ever accounting course. I own a few businesses and am preparing to be a CFO. I believe your app is helpful and the supplements to the video are very informative and important to the course.
3
Anonymous Author
One of the Review questions has a wrong answer...
The answer has been corrected. Thank you for letting us know about the problem! — Proformative Editor
5
Member's Profile
I have done accounting before, and it has been awhile. The course covered a lot of ground and was simple for anyone. The examples were great and assisted in understanding the material.
4
Anonymous Author
This was a really good course. I took accounting courses a long time ago and felt this course was detailed and excellent for those that have had accounting and needed a refresher..
5
Member's Profile
The course is very understandable and useful. I've learned new things about accounting, and understood more clear some core concepts. Excellent explanation, thank you very much!
5
Member's Profile
This was a very good introduction to basic accounting without getting bogged down in the details that often confuse brand new students. I really like Mr. Cook's enthusiasm.
5
Anonymous Author
I like the course, simple and easy to understand. It's nice that I can go back and take it again. I also like that graphics was incorporated in explaining the course.
5
Anonymous Author
A little too basic for CPA's but a great tool for a CFO to use as a guide when training managers and owners basic accounting and financial stmt understanding.
3
Member's Profile
Audio quality wasn't great. The complexity of instruction went from easy to hard very quickly — but I guess that's what happens when it's just one hour.
4
Anonymous Author
I liked the supporting materials for this course. I often had to pause and take my own notes. I would have liked a better understand of journal entries
5
Anonymous Author
The pace of this course was perfect and the energy level of the instructor kept me engaged. This course covered a lot of ground in a very short time.
5
Member's Profile
Great overview of Accounting that clearly explains everything from creating a Chart of Accounts to completing Income Statements and a Balance Sheet.
Anonymous Author
More bookkeeping than into level folks are going to understand. Need more concepts like balance sheet as a snapshot, and i/s as cumulative amounts
5
Member's Profile
Very simple and informative explanation and demonstration with a set of transactions for a new company - pretty good for an introductory class.
4
Anonymous Author
I liked that it was pretty straight forward. Easy to follow and understand. Do not like that I do not know which answer I got wrong.
5
Member's Profile
I was planning on reviewing my introductory book (which contains 23 chapters), but this lesson covered everything in less than an hour.
4
Member's Profile
Course is what it says it is: for beginners but also a nice refresher for those of us who don't do actual accounting on a regular basis.
5
Member's Profile
Great presentation. Very clear way to better explain debits and credits. This spreadsheet tool was the highlight of the course for me.
5
Member's Profile
I worked as an accounting professor for a few years and had a similar style to teaching. It is extremely effective. Nice review sir.
5
Member's Profile
Great course - finally feel like I have a firm grasp on basic accounting principals and a "talking knowledge" of basic accounting.
5
Member's Profile
This course helped solidify my understanding of debits and credits and the difference between an Income Statement and Balance Sheet!
5
Anonymous Author
A good revision course with practice questions. Well presented and well explained. Improved my knowledge of accounting standard.
4
Member's Profile
I think this course should have been broken up into 2 course- needed a little more instruction and explanation for beginners.
5
Member's Profile
Very succinct and provided great information for someone like me who has a good foundation of accounting basics.
4
Anonymous Author
Great intro course to accounting. Good starting point to get a high level understanding of accounting.
3
Member's Profile
I found the debits and credits section somewhat confusing( the t-table part) everything else was good.
Anonymous Author
The information is well presented but is very basic for CPAs. However, this is still a good refresher.
4
Member's Profile
A good introduction to the basics of accounting. This course will help anyone just getting started.
4
Member's Profile
Took accounting courses over 3 years ago. It was a great recap of the basics and helpful reminder.
5
Member's Profile
Well organized. Good refresher for teaching intro. Good course for anyone teaching principles.
2
Anonymous Author
This course was not very informative. I wish there were more examples and more ways to engage.
5
Anonymous Author
The way the teacher explains things makes it easier to comprehend and retain the information.
5
Anonymous Author
I liked how details the videos were and that we had access to the slides for the final exam.
4
Anonymous Author
since I'm don't have an accounting background I was challenged with some of the nomenclature
5
Anonymous Author
Emphasized what was needed and most important. Gave suggestions for additional practice
5
Member's Profile
Great course for a detailed but high level introduction to basic accounting principles.
4
Anonymous Author
I liked the Excel Spreadsheet however it did seem to be too quick for that section.
5
Member's Profile
The instructor is amazing. The course was very informative and fun at the same time.
5
Member's Profile
Sometimes, even the simplest things need a thorough review and this course does it!
4
Anonymous Author
The music is what I disliked. :) I thought it was detailed and well put together.
5
Anonymous Author
Well laid out. A good review if you haven't looked at the concepts in some time.
5
Member's Profile
This course served as a clear and quick review of basic accounting principles.
5
Member's Profile
I was surprised how much information could be taught in one hour. Impressive
5
Member's Profile
Great introduction to accounting. Works as first time or refresh exercise.
5
Anonymous Author
I didn't thought I would learn and understand basic accounting in an hour.
5
Anonymous Author
Easy to understand with lots of examples. Anyone with interest in finance.
4
Anonymous Author
Very basic, but good overview for people with little accounting knowledge
4
Member's Profile
Very easy to follow and excellent examples of what accounting looks like.
5
Member's Profile
Terrific introduction to accounting. Blair is an excellent instructor.
5
Member's Profile
good review of debits/credits and simple journal entries and examples.
5
Anonymous Author
Great, love the teaching, lot of marterial is covered in short time.
5
Member's Profile
Super basic, but maybe what we're looking for if taking this course.
4
Member's Profile
Good amount of material covered within the course and many examples.
5
Member's Profile
Due to my accounting background, this course was easy to follow.
Anonymous Author
a good presentation of the core concepts for the uninitiated
4
Member's Profile
Very upbeat instructor. Kept the topic somewhat interesting
4
Member's Profile
Easy to follow along. Good information -- all was relevant
5
Member's Profile
Nice basic overview, good for beginners or as a refresher.
5
Member's Profile
It is a 101 accounting course deliverd in a very nice way
5
Member's Profile
Great and simple way to understand fundamental accounting
4
Member's Profile
Great refresher course without too much unnecessary info.
5
Member's Profile
Great way of describing the necessary steps and forms.
5
Anonymous Author
Great basic course for someone new to the accounting.
5
Anonymous Author
I love the workbook approach over "t" tables. Yes!
5
Anonymous Author
Great job explaining the various chart of accounts.
5
Member's Profile
Very good overview of basic accounting principles.
4
Anonymous Author
It sounds an effective way to manage accounting.
4
Anonymous Author
Overall a thorough overview of basic accounting.
5
Anonymous Author
Thorough and clear presentation of the concepts!
5
Member's Profile
Very good refresher of basic accounting concepts
5
Member's Profile
It was very well explained and easy to follow.
5
Anonymous Author
Good refresher for internal training programs.
5
Member's Profile
Good overview of basic accounting principles
5
Member's Profile
This was a great course I'd love to take more
5
Member's Profile
Found this useful to refresh core principals
4
Member's Profile
I appreciate the supporting documentation.
4
Anonymous Author
very nicely put together, very informative
5
Anonymous Author
Very good refresher for basic accounting.
5
Anonymous Author
It is a good starter for new accountants.
4
Member's Profile
Gets to the point and easy to understand.
5
Member's Profile
Clear, concise presentation of materials
5
Member's Profile
basic but informative, very to the point
5
Member's Profile
Very helpful and goes into great depth.
5
Anonymous Author
Great introduction to basic accounting!
4
Anonymous Author
Good information about accounting 101.
5
Anonymous Author
Basic and to the point, great starter.
5
Anonymous Author
Made accounting simple to understand!
5
Anonymous Author
Very detailed and easy to understand.
4
Member's Profile
Very good; however spoke too quickly
4
Anonymous Author
Great quick summation of Accounting.
3
Member's Profile
It was okay, a little long though.
5
Anonymous Author
A good crash course in accounting.
5
Member's Profile
covered all the topics in an hour
4
Member's Profile
Introductory accounting students.
5
Anonymous Author
Great review of basic accounting
5
Anonymous Author
a great way to learn the basics
5
Member's Profile
Great intro to basic accounting
5
Anonymous Author
Like the graphic explanations.
5
Member's Profile
Very effective teaching style.
5
Anonymous Author
very basic, but comphrehensive
5
Member's Profile
Simple and easy to understand
5
Member's Profile
excel visual aids are helpful
4
Anonymous Author
Overall, very informative.
5
Anonymous Author
Does what it claims to do.
5
Member's Profile
It was easy to understand
4
Anonymous Author
Anyone working in finance
5
Anonymous Author
Good simple explanations
5
Anonymous Author
Good intro to accounting.
4
Member's Profile
Thank you. Most helpful
5
Member's Profile
Excellent, great summary
5
Member's Profile
Very informative course!
5
Member's Profile
discussion of dividends
4
Member's Profile
A few trick questions.
5
Anonymous Author
This was very helpful
5
Member's Profile
Very straight forward
4
Anonymous Author
Very well layed out.
4
Member's Profile
Enthusiast presenter
5
Anonymous Author
Very helpful review
5
Member's Profile
Easy to understand
5
Anonymous Author
Very interactive!
4
Member's Profile
Very informative
5
Anonymous Author
Excellent review
5
Member's Profile
Very informative
4
Member's Profile
Very informative
5
Anonymous Author
Well presented.
4
Member's Profile
easy learning
5
Member's Profile
Very Helpful!
5
Member's Profile
Great course!
5
Member's Profile
Great Lesson!
5
Member's Profile
Great review.
5
Member's Profile
Great course!
5
Member's Profile
Very helpful
5
Anonymous Author
great course
5
Anonymous Author
Great course
5
Anonymous Author
Great Course
5
Anonymous Author
Informative.
4
Anonymous Author
Good review
4
Anonymous Author
Nice review
5
Member's Profile
Excellent!
5
Anonymous Author
Excellent
5
Anonymous Author
Beginners
5
Anonymous Author
good one
5
Member's Profile
Great!
5
Anonymous Author
good.
5
Anonymous Author
Good
4
Member's Profile
Nice
5
Member's Profile
Good
5
Member's Profile
ok

Prerequisites

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 ext. 106, or send an e-mail to .

1 QuestionCourse Questions and Answers

Member's Profile

Excellent course developed and the way presented by Mr. Blair Cook. I have never leant accounting in such a nice way.

Course Syllabus
INTRODUCTION AND OVERVIEW
Accounting Basics
  21:43Debits and Credits
  20:41Preparing Journal Entries
  12:31Posting Entries
  13:55Preparing Financial Statements
Continuous Play
  1:10:03Accounting 101 – How To Do Basic Accounting In One Hour full video
SUPPORTING MATERIALS
  PDFSlides: Learn Core Accounting Concepts in 1 Hour
  PDFLearn Accounting in 1 Hour Glossary/Index
  xlsxExcel Schedules
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM