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Erik Slayter, Accounting Professor at Cal Poly
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Taught by a two time former Controller and noted accounting professor at Cal Poly San Luis Obispo, this course begins as review for accounting and finance professionals who need to sharpen their fundamental understanding of core accounting concepts and how they translate into the accounting and financial concepts used to run companies.
The course then dives deeper into accounting topics like transaction analysis, financial statements, the accounting equation, reconciliations, accounts receivable, depreciation, inventory accounting, and the adjusting and closing processes. Consider this an entire accounting education neatly summed up in one course.
Learning Objectives
- Define the accounting terms debit and credit and record business transactions into an accounting ledger represented by t-accounts using debits and credits
- Identify how a trial balance and the accounting equation provide a framework for companies to prepare financial statements and the classification of accounts and recognize how they are impacted by debits and credits
- Discover how to implement t-accounts and ledgers to perform transaction analysis and how to use journal entries to record transactions, recognize how to perform transaction analysis using journal entries, and identify the steps of the accounting cycle
- Demonstrate what each financial statement does and how they are utilized by companies both large and small.
- Measure your company’s performance through the use of financial statements.
- Sharpen your understanding of how financial statements work together.
- Identify the elements of the primary accounting equation, including defining assets, liabilities and shareholders equity and recognize various transactions and their impact on the accounting equation
- Discover how to prepare 3 of the 4 primary financial statements (income statement, statement of retained earnings, balance sheet)
- Discover Internal Controls and their objectives
- Recognize how to prepare a bank reconciliation and prepare adjusting entries from a bank reconciliation
- Define key terms regarding receivables and bad debts and the sequence of events related to the three primary journal entries related to accounting for bad debts
- Recognize the impact of accounting for bad debts on the related accounts
- Discover how to calculate values used in the Allowance Method of accounting for bad debts, how to calculate simple interest on notes receivable
- Identify the characteristics of property, plant and equipment, how to calculate and record straight-line depreciation, units of activity depreciation, and declining balance depreciation, and how to calculate and record the sale of equipment, as well as basic concepts associated with inventory costing
- Recognize how to perform calculations on a sequence of inventory purchases and sales under the FIFO system, the LIFO system, and the Average Cost system
- Discover core concepts related to inventory for a merchandising business
- Recognize how to perform transactions for the sales of inventory cycle, the purchase of inventory cycle, and other transactions associated with inventory such as sales tax and physical inventory counts
- Discover the adjusting process and its place in the accounting cycle
- Recognize the proper accounting treatment for prepayments made, prepayments received, expenses accrued prior to payment, and revenue earned prior to payment
- Discover the reason to perform closing journal entries and identify how they fit in the accounting cycle
- Recognize how to prepare the four closing journal entries
- Identify the closing entries and discover how they compare to the statement of retained earnings
Last updated/reviewed: May 9, 2022
291 Reviews (1105 ratings)Reviews
Anonymous
()
Great review of accounting basics. I liked the calculations on the exam, reminded me of being in school when all of the needed info was neatly provided:) Like a couple others said, some of the practice questions weren't worded clearly, and maybe 1-2 of the exam questions.
Anonymous
(Vice President)
Great course, very intuitive and able to understand the course content to refresh the memory. Exam was great process. Highly recommend to all levels.
Anonymous
(Treasury Accounting)
Good course! Just the right amount of content, and also challenging. Would recommend this.
Anonymous
(President)
Good, basic content for new learners and great review for seasoned accountants
Anonymous
()
Good back to basics refresher, reminded me of topics I forgot.
Sanjay Gaur
( at Caesars General Trading Company)
Refreshed all accounting fundamentals. Good quality course.
Anonymous
(-)
This was a very helpful review of the material usually covered in a first year accounting course. The instructor explains concepts clearly and in a way that is compelling.
Most of the classes use worksheets instead of PowerPoint slides, which is a welcome change. The worksheets are designed so you can follow and work alongside the instructor.
The "homework" exercises are very helpful in grasping the material and are accompanied by answer keys to check your work.
The organization of the classes within the course can be a little confusing. It appears to be assembled from previous courses (for Udemy, for example), and the instructor will sometimes refer to a topic as something we already covered when it is later in the course the way Illumeo has it organized. This isn't much of an issue, but it took a minute to figure out what was going on.
Overall, you really couldn't ask for a better course on these topics. It's concise, thorough and there's plenty of supporting materials (worksheets and exercises).
Luke Olson
(Corporate Controller at Floor and Decor)
Some of the questions are improperly written and need to be reviewed. Specifically, the insinuation that any accounting event happens when transactions are invoiced (there is not accounting transaction upon sending or receiving an invoice; the event is only when services are rendered). A few other nits as well. Overall point - clean up the questions so that they pass muster for a public company accounting environment and not a small, private company Quick Books environment. Best for students to learn the right way rather than convenient short-cuts that they won't encounter in a real world SOX environment.
Anonymous
(Consultant)
Some of the questions are improperly written and need to be reviewed. Specifically, the insinuation that any accounting event happens when transactions are invoiced (there is not accounting transaction upon sending or receiving an invoice; the event is only when services are rendered). A few other nits as well. Overall point - clean up the questions so that they pass muster for a public company accounting environment and not a small, private company Quick Books environment. Best for students to learn the right way rather than convenient short-cuts that they won't encounter in a real world SOX environment.
Rahman Ullah
(Senior Accountant at Cardtronics)
Very comprehensive for a back to basics course. This sort of longer course has it's inherit drawbacks. You will want to take notes on this one as key concepts will be tested and having to go back an review is difficult without a better fast forward button or nice reference slides. The supporting material needs to be improved for this course as it would complement the course nicely and be more useful for those of us having to do this in stages (we forget a few things).
Overall a must see and one of the best on Illumeo.
Anonymous
(Sr Director, Workforce Management &a..)
This course provided a comprehensive, deep-dive into the fundamentals of accounting. While much of the content served as a general refresher, there were several, less-familiar concepts that proved to be challenging. Nonetheless, the instructor presented content in an engaging way, The supporting materials were helpful; however, navigating through the various modules seemed a bit overwhelming at times.
Anonymous
(CPA, CFE, MBA)
Good review and overview of basic accounting concepts. The instructor was clear and thorough. There were, however a few answers on the test that I believe have the wrong answer and do not tie to the answers given in the class materials as I reviewed the materials again after reviewing my test results. Since the final exam results don't have question numbers I can't refer you to the specific questions.
Anonymous
()
This course is a lot of information. But it accomplishes what it sets out do. You get a review of the fundamentals of basic accounting. It provides some great insight into how the whole accounting process works. It does require you to think through problems but the math is easy and problems are basic. It is a lot of information so, be prepared to spend some time getting through everything.
Karen Harper
(- at JLL)
excellent refresher for everyone especially those that teach college level classes, manage accounting departments, train peers and subordinates or anyone in the profession so they can speak to clients, peers, teams about the financial statement process and help them understand the process an resulting statements!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Anonymous
(Financial Analyst)
I liked the pace and that there was supplemental workbook activities. I did not like that for the workbook there was not a explanation for how an answer was reached- don't just give me the answer but tell me why and how to get there. Also more information is needed on questions about how different accounts are affected if information is omitted/changed (under/overstated NI and RE etc)
Anonymous
(unemployed)
Found this to be a great refresh on financial accounting activities, especially for activities you don't perform on a regular basis or fall outside of our your role. As some others have mentioned, there is some repetition in the earlier sections. Supplemental materials provide an additional opportunity for practice. Wish I had this instructor when I first took accounting courses.
Rodney Troyer
( at Wayne Garage Door)
This was exactly what it claims to be: a back to the basics course for accounting fundamentals. The supporting materials were broken up into too many different files. It would have been nice to have it one pdf instead of so many different ones. There was at least one question on the final exam that did not have the correct answer listed as a choice on the multiple choice exam.
Anne Heredia
(Financial Controller, GBUs and Real Esta.. at Oracle)
Great introductory class and refresher. It was easy to listen to and had some great examples.
Some of the final exam questions should be reviewed:
-One had a duplicate answer
-I have a hard time believing straight line isn't used the most for depreciation expense calculations
-Supplies are very rarely an asset usually classified as an expense
Anonymous
(Director)
This course helped me to recall the knowledge of basic accounting. The professor is great to organize the information about the accounting cycle. The examples during the course gave me a better understanding of the concept we were talking about. The note templates and workbooks are really helpful for me to review the class and find out my weakness.
Anonymous
(Senior Internal Auditor)
Was a great course, I would highly recommend. Serves as a great re-fresher. A lot of things that might be known but plenty to re-new and ensure a solid foundation. Would recommend - thank you! Please consider taking. Great job! I think I like the questions on journal entries the most. It is a great way to refresh the simple accounting entries.
Anonymous
(None)
I don't think it's wise to tell students that they can skip writing memos. It's necessary in the real world in simple and complex companies. Also, gross margin is a percentage, gross profit is the term that should be used when trying to teach people. I'm a little frustrated with some of the details but overall it was a good refresher course.
tom granger
( at Washington Eductation Association)
Erik Slayter is an excellent instructor. I seek out his courses even though the topics themselves may not be the ones in which i am most interested, simply because I am guaranteed to learn something or see something in a different light. this was a review course for me, but I really saw some important concepts from a new perspective.
Jennifer Wergland Lyon
( at N/A)
This course was a great refresher for someone who had been away from the basics for a couple of years. Explanations & materials were clear & straightforward, with an appropriate amount of time spent in each area. I would recommend this for newer accountants or those who have been away from the detailed level books for awhile.
Patricia Fisher
(CPA at Trish Fisher, CPA)
Thank you for a great course. I had to pay attention as there were some areas that could be tricky. I liked his step-by-step approach. It was easier to follow than some courses I have seen. Overall, I give this course an "A". It was slow in some stops when I thought I knew the material - but that was a good review for me.
Connor Rudolph
(Finance Analyst at Cisco LIFT - Hired 2017)
Professor Slayter is a great instructor for this course. He was thorough and diligent in his explanations. Students interested in learning basic accounting should definitely take this course. The chapters kind of jumped around a little which was didn't make sense from a chronological perspective. Everything else was great!
Cammy Dollins
(Payroll Coordinator at Laclede Electric Cooperative)
This is a very good course on accounting. This course was more complicated than I expected, and took me much longer than 12 hours to complete. Notes should be taken while watching this course. I do appreciate the opportunity to learn these concepts, and I plan to utilize this course for future references.
Maria Halpin
(Payroll Specialist at Administrative Office of the U.S. Courts)
I have had 1 year or equivalent of two semesters full of Accounting courses but graduated in Computer Science instead. I have always been interested in Accounting and wanted to refresh my knowledge by taking this course. This is one of the best courses I have taken so far. Thank you
Anonymous
(Accounting Manager)
A good introduction to accounting but focuses a lot of attention on areas that may not have relevance in (most?) RL accounting roles. For example, as most Companies are now maintaining accounting records electronically, the amount of emphasis on the Closing Process seems unnecessary.
Anonymous
(Compass Program Lead)
great course, liked it a lot except that there was at least one final exam question where the correct answer was not an option. Please fix that in the course as soon as possible. this course is for beginners in accounting or anyone who needs a refresher on basic accounting topics.
Anonymous
(Accounting Manager)
A handful of the methods outlined in this training are dated and do not represent present day guidance. Specifically the allowance for doubtful accounts methods have been replace by CECL and double declining depreciation is not actually used in practice. Course could use a refresh.
Wendi Finn
View Instructor Profile
The course was a very good accounting refresher and would also server as a great introduction to accounting. I did not like the 64 question exam at the end only because it took so long and being on-line I was afraid I might lose my work (the questions were fair and well written).
Anonymous
(Accountant)
The information in this course was a good overview of basic accounting. The only reason I didn't give it five stars was because the format of the presentation made it difficult to go back and find topics that needed repeating and it felt like it jumped around between topics.
Richard Rees
(Consultant at DLC Group)
I believe there are two Final Exam questions that should be reviewed/adjusted: #30 (duplicate answers), #54 (similar to workbook F.I.T.B. 5 but with different result).
Thank you for the insightful journey. Greatly enjoyed the presentation format and the instructors style
Susan Cypert
(Accounting Position at Currently Seeking)
This was in depth accounting course to view. Some of the videos were redundant, but it reiterated the information. It was be helpful for the course material to reflect which video it was referring to. Overall, great refresher course for accounting principals.
Anonymous
(Senior Consultant)
Overall a very comprehensive and thorough refresher on the most essential fundamentals of accounting. This combined all of my accounting 101/102 lessons into a comprehensive training. Greatly appreciate this course and made me feel like I was back in college.
Anonymous
()
Thanks very much for Mr.Erik' great courses,which are very helpful to me to refresh my knowledge about the accounting, and help me to improve my work efficiency and co-work relationship.I will go over the content from time to time to keep the course in mind.
Anonymous
(Accounting Manager)
This was a great refresher course. Also, as someone who trains/manages accountants newer in their career, it was great to go back to the basics and remember how it's being taught in school so that I can use the common language/methods to explain processes.
Anonymous
(Staff Accountant)
Great refresher for financial accounting basics. Actually made me realize that my org should probably be recording a couple entries differently going forward. Loved the interactive worksheets instead of just slides. Definitely helpful and worth the time!
Dana Lester
(Payroll Analyst at Flynn Restaurant Group)
The is a very informative course. The way in which the concepts are presented is helpful and it is easy to understand. The instructor was engaging and was able to keep this interesting. This course could be useful across many levels of an organization.
Anonymous
()
Good review of basic accounting principals. I needed the refresher on bank reconciliations and depreciation methods as I rely on software to do this for me now. It was also helpful to review the accounting closing entries and other basic principals.
Robert Stellato
( at DS Smith)
This course was ok although I think some of the "correct" answers on the final exam were actually WRONG.. And also.. that Closing Entry section.. is kind of obsolete.. with accounting software today.. you never really have to post "Closing Entries".
Stephen Leitz
( at Netchex)
A great course and definitely loved the very beginning. I'm not an accountant and struggled with some of the content like bad debt and write-offs. It made sense in theory but was tough for me to get when put in question form. Great course overall!
Amber Irwin
(Internal Audit Lead at Intuit)
Awesome summary of accounting fundamentals, delivered in a great amount of detail but not too convoluted to be able to consume. Review questions were so helpful and the exam questions were tough but fair to ensure comprehension of the material.
Anonymous
()
This course provides an great overview of introductory accounting topics. The main baseline is the concept of debit and credits and the effect they have on the accounting equation which this course thoroughly explains with various examples.
Anonymous
(Senior Accountant)
Great supplementary information through the pdf. The Review questions were incredibly helpful in preparing for the quiz and for understanding the discussed material. Really well organized format. Good length and summary of the detail.
Staci Brown
(Director of Finance at Cair Paravel Latin School)
The instructor was very clear and easy to understand. I thought his method of using an income summary was interesting and something I had not heard of before. Sometimes I had sound issues when it was hard to hear the instructor.
Clint Harris
(Managing Partner at Elms Harris Design)
I very much appreciated the way the instructor started each section by explaining the overall concepts before diving into the details, and the way he repeatedly explained how the details in each example demonstrated those concepts.
Anonymous
(CFO)
Excellent course for helping refresh what most of us learned in Intermediate Accounting. Content is good and well delivered. My only complaint is the sound quality isn't great in a couple of the modules and should be redone.
Natalia Lippold
(Certified Payroll Professional at Trivantus, Inc.)
This course was a great refresher for me! I was happy to see how much information I remembered from my college courses, even though I don't use this in my daily work. Thank you for making it easy to follow and understand!
Brian Zinner
( at Brian K. Zinner, CPA)
Good refresher course for accountants who have been in the work force for a long time.
Mr. Slayter is a very good instructor and explains accounting principles clearly. He uses good examples to reinforce the material.
Lawrence Hirsch
(Controller at Builders design)
Erik, Thank you so much for this review class. It was amazing how you can keep the interest of the student (me) for all these hours and topics. The final exam was fair and I am very pleased. Thank you again. Larry
Heather Messam
( at Mortgage Bankers Association)
Course was good and provided an excellent refresher for me. I was surprised at the final exam as it really challenged me to work out the answers...I was expecting to blaze through the exam but it was not that easy.
Robyn Ortolano
(Corporate Accounting Manager at DataPath, Inc.)
This is a great refresher course. It hits all the important areas of basic accounting and financial statements. The exam questions were thorough, although I felt there were too many questions focused on inventory.
Anonymous
()
Instructor provided presentations relevant to skills needed to pass the exam. He gave great examples and demonstrated how to calculate the problems in an organized and clear manner. I appreciated his lectures.
Anonymous
(Director)
The course was very informative and was explained and presented very clearly. The instructor gave great insights and tips that will be useful in the professional world. I would recommend this course to others.
Anonymous
(Controller)
I love the T accounts and way the structure of the instruction. It would be helpful to have some of the scenarios, methods of inventory costing, etc in a hand out to reference but otherwise great for basics.
Anonymous
(Senior Accountant)
I did not like the way the test questions were written. Often times I would have to re-read the questions to understand what was being asked of me. Very detailed overview of all things related to accounting.
Anonymous
(Financial Analyst)
If I had Erik Slayter as my accounting professor in college, perhaps I would have chosen accounting as my major! He simplifies difficult accounting concepts so well! I definitely recommend this course!
Anonymous
(Auditor)
analyze and record transactions, post transactions to the ledger, prepare a trial balance, preparefinancial statements, journalize closing entries, analyze adjustment data and prepare adjustingentries
Iskandar Rahim
( at Visa)
Great refresher accounting course. In depth materials that covers basic accounting concepts in order to start understanding the basics of accounting organisation and managing financial statements
Monique Bryant
(Financial Consultant at DLC)
I liked the examples that were given and the content was good. there were many topics that are good for the beginner in the accounting field and a good refresher for those with experience.
Anonymous
(Accounting Manager)
Excellent accounting review course. The 64 question final exam was a little daunting though. I appreciate how Erik Slayter explains the fundamentals in ways that are easy to remember.
Anonymous
()
Fantastic and help course. I work in banking now and have decided to maintain my CPA because of how hard it was to obtain. This course was very helpful for remembering some of the basics.
Anonymous
(Accounts Payable Representative)
Learned a lot through this course. It was very thorough and detailed. I would have loved the sound to be better because at times it was too faint. Other than that I loved this course.
Anonymous
(Accounting Supervisor)
This course definitely help refresh some of the basic accounting concepts. this course would definitely be beneficial to someone that has been out of the accounting world for a while
Abhiraj Gupta
(Financial Analyst at Osf Digital)
Overall the course is good explaining all the things in details and systematically. However i observed that the voice/volume is very low in many places making it difficult to listen.
Tania Roberts
(Revenue Accountant at Tangoe)
Great review and very comprehensive. I didn't realize how much I had forgotten about Retained Earnings. The reveiw was good.
I liked working the examples throughout the course.
Anonymous
()
I enjoyed reviewing the basics. The method and speed of explanation was great. I loved being able to do start and stop at my leisure. It allowed me to view and complete at work.
Anonymous
()
I liked the content. It was a great refresher. Sometimes the audio had background noise and the screen shots would be helpful not to have the instructor jump around on the page.
Becky James
(Finance Manager at Stryker)
This was a great course that served as a refresher of accounting 101. I loved being able to answer the questions and reliving my college days. Thanks so much for the great course!
Anonymous
()
Really informative course. Obviously very broad in content, but does a nice job of balancing high level concepts and detailed info to keep you engaged throughout. Very beneficial.
Anonymous
(Freelance Writer)
Good, clear instruction for new students or those who were never very familiar with the materials. A bit slow-paced at times for those who just want a refresher on the basics.
Anonymous
(Accounting Manager)
It would be helpful to have a guide or accompanying powerpoint (not just the workbooks/tests) to go along with the materials (to take notes on for use before the final exam)
Anonymous
()
I thought the instructor did a good job teaching the concepts. By breaking it down from the beginning to the end. I think overall he did a great job teaching this subject.
Anonymous
()
This class was great. I liked all of the great videos and all of the supporting materials. Most classes don't include supporting materials, so that was a nice surpirse.
Anna Poselenova
( at Junior's)
This is a full and thorough course on accounting basics. I recommend it to all who want to either brush up on their knowledge or get an understanding of basic concepts.
Dowton Martin
(Accounting and Finance Consultant at DLC Inc)
I liked the overall content and the manner in which it is presented. What surprised me was how much depth was covered and this course helped me to refresh my knowledge.
Anonymous
()
A very good review of the basics. Most of the review and test questions were relevant. The course was somewhat lengthy and could benefit by eliminating redundancies.
Andres Galdo
( at Vitol Inc)
This is a very thorough course and provides great insight on the fundamentals of accounting and principles. I recommended to anyone regardless of level of experience.
Anonymous
(Sr Assistant Financial Controller)
Good basic refresher to take. I recommend to anyone who wants to learn the basic accounting concepts, especially if you need CPE credits to renew your CPA license.
Jacinth Vidinha
(Controller at Madden Media)
Support materials are severely lacking, and for such a long course, it's nearly impossible to go back to a specific section afterwards due to it's poor organization.
Thomas Hayes
(Clinical Associate Professor at University of Arkansas)
I loved that it was comprehensive. I found several questions that I can utilize in my classes. Anyone teaching financial accounting would benefit from this course.
Anonymous
()
This is a very strong course on accounting. It is long and the test is arduous but fair. The instructor is effective and this is well worth the time and effort.
Anonymous
()
Great course to get back to the basics! Well worth putting in the time to re-learn these concepts - don't just gloss through them. Very informative and thorough!
Parker Hansen
(Estimator at Cartstar)
Really conprehensive and straight forward. Great for people who are trying refresh there knowlegde on accounting. Its very easy to pick back up with this course
Eric Ball
View Instructor Profile
Other courses address some of the same ingredients, but this course ties it all together into a cohesive whole better than other accounting courses I have seen.
Anonymous
(Finance and IT Consultant)
Great course!!! The instructor has put in great efforts to cover the course in a very orderly way. He is thorough with the concepts and is a great teacher.
Thomas Foster
(member at Foster & Company, LLC)
Quite long for a video course. Had a few questions on the exam that I could not understand because of how they were written. Overall course quite basic.
Anonymous
(Senior Accountant)
It is a good refresher on accounting basics. It is a large time commitment and the final test is 64 multiple choice questions that include calculations.
Anonymous
(CFO)
All was good but thought that the Closing Process was more complicated than it needed to be - those processes are irrelevant to anyone using GL software.
Colleen Harris
(Financial Analyst at Legrand North America)
This is a great review course overall. There are a few questions on the final exam that I believe need to be reviewed, however, overall this was great.
Rafael Romero
( at Codina Management, LLC)
This material is basic accounting principles. Is refreshing and straight forward. It goes back to the first accounting course you take in college.
Mary Ventura
(Bonding Manager at FBM)
This course is a great review of commonly used accounting concepts. Particularly helpful is the review of depreciation and shipping calculations.
Derrick Clarke
(Sr. Accountant at OGC)
The scope of the exam was useful because it touched on all areas of financial accounting. It would also be beneficial to include payroll entries.
Jacob Hunter
(Senior Accountant at Southern Veterinary Partners)
This was a great refresher course on the fundamentals of accounting. I would recommend this course to any of my peers in the accounting industry.
Anonymous
(VP of Finance and Accounting)
Good overview and reminders of the basics. Covered a lot of various topics, and jogged my memory of several things I do not deal with regularly.
S Marie Vernon
(- at --)
This is a wonderful refresher course for any accountant or accounting personnel. The course is easy to navigate and easy to follow throughout.
Anonymous
()
This would actually be pretty simple for most CPAs. Was a good review of some areas that normally I don't work in such as inventory and sales.
Anonymous
(Controller)
This is an excellent course for both the beginner seeking to understand and the CPA looking for a good knowledge refresher. Highly recommend.
Anonymous
()
A good course for non-degreed accountants working in your department. Will help them understand high-level the basics of journals/entries.
Anonymous
(Senior Regional Accountant)
This was an amazing course and the instructions were done with amazing detail. Very excited about continuing to explore similar courses.
KIM MILLER
( at Miller's Mowing & More)
I learned alot. But the quiz was very hard. I think this information will be very useful in my career. Thank you for the opportunity.
DEBORAH CAYLOR
(Accounting Manager at self)
Easy to understand. Grading was quick. Good overview of basic accounting including inventory, basic closing of retained earnings, et.
Anonymous
()
This course is a good recap of accounting basics. It doesn't hurt to make sure you still understand the ins and outs of accounting.
Anonymous
(Financial Analyst)
The final exam wasn't very good. Some of the answers had duplicate answers and it made it very confusing as to which one to choose.
Anonymous
(Managing Director)
good course. materials very clear. exam was a bit challenging, but overall the course is a challenging course for non accountants
Anonymous
(Consulting Senior)
The course was an excellent review of accounting basics, many of which you don't realize you didn't remember! Very good refresher.
Anonymous
(Auditor)
I stepped away from accounting for some time and this course helped review a lot of information clearly. I recommend this course.
Shaila Shankar
( at Minted)
This course would be helpful to an individual who is learning accounting for the first time, or as a refresher for professionals.
Anonymous
(CFO)
Good and thorough course on accounting, it is a very good basic accounting class and was hoping for more technical that was there.
Eugene Rura
(Manager Finance at Saputo DF USA)
Very good course, graphics need updating, reference material would benefit from the summaries of each chapter. Excellent round-up.
Anonymous
()
Pretty straightforward but you have to be a good multiple choice test taker and pay attention to the way the question is worded.
Doug Slaybaugh
( at The CPA Coach)
Great perspective on fundamental accounting and a solid refresher for some of the basics that can be long forgotten. Thank you!
Anonymous
()
Great course! I enjoyed that this provided an overall review of accounting and I actually learned a new way of doing things.
Anonymous
(Finance Manager)
The course is long, but I really enjoyed the material. The material could have been laid out in a more organize fashion.
Anonymous
(Payroll Supervisor)
Pay attention to this class the test is lengthy and uses a little bit of everything from the course. Good class though!!
Anonymous
()
Good overview of financial accounting structure and related closing process. Fairly long and covers a variety of topics.
Anonymous
(Financial Analyst)
Thorough but the test takes quite a bit of time. Learned a good amount but some of the videos could have been shortened.
Jason Sandberg
( at Thunder Bridge)
Great course. Relevant content taught in a manner which allows for the student to absorb the information effectively.
Anonymous
(Payroll Manager)
This was a fantastic course covering the basic of accounting. there were a lot of good exercises to practice included.
Tyler Whitlock
( at Christensenarms)
This course was great. It was a good review of the accounting basics. I think a refresher is huge every year or two.
Anonymous
(Financial Analyst)
Thank you so much this was a great course I cant believe how much I love accounting now god bless you for this product
Yelena Rye-Kirova
(Tax Associate at Grant Thornton, LLP)
Great job on presentation and materials. That was a good review of financial accounting, I think I have learnt a lot.
Julian Byles
(Financial Analyst at Cisco)
Good course with good pacing. Anyone looking for a refresher on basic accounting principles would benefit from this.
Christi Schaefbauer
( at University of Mary)
Nice comprehensive overview. It was a good review for me. Very thorough and informative with lots of illustrations.
Anonymous
(Director of Accounting)
Great course to get back to the basics of accounting and financial statements! Need to read test questions carefully.
Anonymous
(CFO)
terrific refresher course that I would recommend to anyone that has been out of the accounting process for a period
Peter Abader
(- at BMO)
Nice refresh course; good for beginners or people who are not using accounting skills frequently as a refresher...
Anonymous
(Consultant)
Good overview of lots of accounting items. Some of the test questions were trick questions, so read them carefully.
Anonymous
(Payroll Technician)
Very long winded and monotone, but good lessons. In payroll, I do not do a lot of this so it was difficult for me.
Sean Flynn
(Accounting Manager at Rosemawr Management)
Extremely thorough course covering a very broad overview of accounting. Good, well presented, a lot of information.
Anonymous
(CFO)
Good review of basic accounting. Material covered basic concepts. Review material was information. Test was fair.
Anonymous
(Accounting Manager)
Great course to brush up on the basics learned in initial accounting college courses. Erik is a great teacher.
Anonymous
(Internal Audit)
Comprehensive overview of basic accounting principles and recommended as a review or introduction to accounting.
Anonymous
(EVP Finance)
The material itself was good, but many of the questions on the review and exam were vague and not worded well.
Andrew Theis
(Risk Manager at US Bank)
There was one repeated question, and one question with repeated answer choices; otherwise, the course was good.
Anonymous
(Director, Governance)
A lot to get through but good overview. There are not slides available to refer back to during the final exam.
Anonymous
(Sr. Accountant)
Very helpful overview of basic accounting rules. Great examples throughout, and pace of instruction was great.
Kade Tibbetts
(Transaction Advisory at Intrinsic)
Great overview of the basics. A good refresher on inventory and depreciation accounting methods. Worth a go.
Anonymous
(Accounting Manager)
With such a long class, I liked the way it was section and I like the matter of fact style of the instructor.
Anonymous
()
a very good refresher course on basic accounting, pretty much covered the entire financial statement concepts
Anonymous
()
Very comprehensive and thorough course. 5 stars. I will definitely be referring back to this for a refresher.
Connor Foran
(Controller at Squarespace)
Some of the questions weren't worded very clearly and the supporting documentation could have been stronger.
Bryan Oliver
(Senior Accounting Analyst at UMB Financial Corporation)
Solid refresher course on accounting basics. Always good to go back and be sure to have everything straight.
David Cuppett
(Financial Analyst at Cisco)
Video quality was not always great and didn't always feel tailored for this class. Very repetitive at times.
Ross Connor
( at HVAC Incorporated)
I appreciated the basic nature of the course which made it easy to get more credits for CPA license renewal.
Clayton Armfield
(Senior Financial Analyst at Stryker)
Great course and easy to follow. The videos are very lengthy so I would advice adding time links. Thanks!
Anonymous
()
Good overview of accounting fundamentals. However, some of the assessment questions could be worded better.
Anonymous
(Director of Accounting)
In-depth course covering a variety of frequently used accounting subjects across a variety of industries.
Anonymous
(Senior Financial Analyst)
Course provided a very thorough and easy to follow overview of basic accounting principles and concepts.
Michael Johansen
(Senior Accountant at Woodard & Curran)
Closing Process presentation did not work! All other presentations worked well. Examples were excellent.
Leon Klipple
( at PPL EU Services Corp)
The audio is a bit hard to understand, but the course materials are well stated and clear to understand.
Celeste Houston
(Payroll Manager at Stratus.hr)
This course was very detailed and informative. It was well presented and the trainer was well informed.
Charles Howery
(- at Versona)
sometimes the screen was hard to read. Concepts were presented clearly. more typed summaries would help
Anonymous
(None)
A very thorough and helpful course to review the basics of accounting. Very understandable and logical.
Anonymous
(Police Officer)
Very good refresher course. It helped me remember some of those accounting 101 basics I had forgotten.
Vanessa Almeida
( at Cisneros Group)
It was a good overview and review of the accounting process. Brings you back to the good solid basics.
Anonymous
(Assistant Controller)
Great comprehensive basic accounting overview. Hits a lot of core accounting processes and knowledge.
Anonymous
()
Would prefer handouts that are an outline of what is discussed, rather than blank pages to take notes.
Anonymous
()
Excellent basic review. I would recommend to anyone looking for a very basic overview of accounting.
Kari Grimes
( at Allianz Life)
this was a a wonderful course - very thorough and insightful for someone new to accounting basics
Michael Criscione
(Accountant at Amber Road)
This Course was long, but well worth it. Provides a good understaning of Accounting fundamentals
Casey Johnson
(Director, Internal Audit at Charter Communications)
A lot of detail and there are 64 questions in the final exam - make sure you take LOTS of notes.
Andrew Koslow
(Analyst at APS)
Some wording errors, had a multiple questions with grammatical errors, one with duplicate answers
Michael Savino
(COO-Owner at ITSco.com)
This is a great review for CPA's in operations and not in the details as much as you used to be.
Renae Pryjmak
( at Rocket Lab)
Some of the questions did not have enough detail to determine the right answer. Course was okay.
Anonymous
(Close & Consolidations Senior Manage..)
great overview of accounting! would be helpful to have a transcript of it to go back and review
Anonymous
()
Great presentation and very useful material. Index and Match is a great alternative to vlookup
Anonymous
(Senior Financial Analyst)
Very helpful. I have reviewed this material before, but it was great to get a refresher on it.
Anonymous
(CFO)
Like the videos to watch, easy to navigate. Great refresher course to get back to the basics.
Lauren Reid
(Accounting Managet at Bolt Financial, Inc.)
like the scope of areas covered. Easy to understand. Good refresher of basic accounting info.
Sulaiman Onibudo
(Sr. mgr. Finance at Coca-Cola)
I honestly have no additional comments to add. I was actually very satisfied with this course
Anonymous
()
Great over view really good refresher question were hard need calculator and scratch paper
Anonymous
(Controller)
Great refresher it covers full accounting cycle and concepts very good information provided
Anonymous
()
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Anonymous
(-)
Very well organized; Instructor was well versed and material presented in a logical order
Anonymous
(Financial Controller)
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Anonymous
(Head of Internal Audit)
Very god presentation and test if you want to check whether you still remember the basics
Mercedes Watkins
(Chief Strategist at Meveau)
Excellent refresher course. The professor created an easy-to-follow, no-nonsense lecture.
Anonymous
(Maps and Chrome Controllership)
Good refresher course especially if you work in a highly concentrated area of accounting
Anonymous
(Financial Analyst - LIFT)
Very straight-forward and easy to follow, but slightly repetitive and could be condensed.
Anonymous
(Controller)
Good presentation of accounting basics. Course was easy to understand and follow along.
Anonymous
(Payroll Training Specialist)
this is very extensive and thorough and a lot to learn but I did it!!! Great instructor.
Anonymous
()
Excellent instructor. Good review of basic accounting principles with useful examples.
Anonymous
()
Very comprehensive course that touches on all accounting 101 topics. Highly recommend.
Anonymous
(Financial Behavior and Leadership Consul..)
a really good review of accounting subjects which help me as I move into a new position
DAVID EDWARDS
(Sr. Accountant at Calpine)
Great course! I felt like I was in Accounting 101 all over again! Excellent refresher!
Anonymous
(Supervisor)
Test had too many questions, questions were sometimes long. Course was good refresher.
Anonymous
()
Good overview of accounting concepts.. Nice to get back to basics once in a while..
Anonymous
(Senior Associate)
This was a great refresher course, would highly recommend for CPE or general knowledge
Anonymous
(Revenue Accountant)
Very clear and straightforward presentation of basic accounting. Very comprehensive.
Anonymous
(Analyst)
Thank you! The way you taught the material was really excellent and I appreciate you
Mahira Sheikh
(Accounting Manager at DLC Group)
Great reminder of accounting processes. Some of these methods are forgotten easily.
Christopher Madsen
(Manager/Corporate Planning at Southwest Gas Corporation)
A very thorough review of Accounting fundamentals, just as the course name implies.
Muhammad Baig
(Managing Director at N/A)
Excellent coverage of various topics
Quiz and Exam questions were quite set nicely
Linda Jacobs
(acct at n/a)
A few of the beginning sections were a bit repetitive, but overall a good review.
Arleen Kearns
( at Charles Schwab)
Like the template and workbook, easy to follow. Final exam was a bit long though.
Alex Blonigan
(Consultant at DLC Group)
Learned a lot and back to the basic, highly recommend to anyone needing refresher
Anonymous
(Tax Consultant)
A good review of fundamentals for those who need to brush up on accounting basics
Anonymous
()
Good refresh I enjoyed the overall knowledge. I think the videos are helpful.
Anonymous
(Sales Manager)
This was an excellent refresher course that was similar to the CMA exam itself.
Anonymous
(CPA)
This was a good exercise to refresh my basic knowledge of accounting principals.
Anonymous
(Owner)
Whoa......didn't realize how much of the basics I forgot. Good refresher course
Anonymous
()
No comment. I believe the course offered a good refresher on accounting basics.
Nicole Goodwin
(Director of Chemistry, Stress & Repa.. at GSK)
Great review of some basic principles.Like having to recalculate a few things.
Anonymous
(CEO)
Great course. Provides a high-level review of the basic accounting functions.
Anonymous
(Chief Financial Officer)
A very comprehensive refresher course. Good overview for anyone at any level.
Debra Johnson
( at Hagan & Johnson, CPA's ..)
I liked that the professor used simple terms and examples of every day items.
Anonymous
(Financial Analyst)
Great course that provided a concise yet thorough introduction to accounting
shu wei low
( at Digital Alchemy (S) Pte Ltd)
Consider this an entire accounting education neatly summed up in one course.
Anonymous
()
A lot of information, though very well laid out. Very happy with the course.
Sealtiel Alvarez Sanchez
(Shared Service Center Manager at Aliaxis)
Extensive class that cover most of the accounting principles. Good course!
Anonymous
()
Good review on the basics. I would recommend this class to get CPE credit.
Marynn Loock
( at Msl accounting)
I like the order everything was taught. The dotted line box is distracting.
Anonymous
(Senior Accountant)
Great review of the basics! Great questions in the review and final exam!
Anonymous
(Senior Accountant)
Good review of basic concepts, used a refresher to brush up on my skills.
Anonymous
(Advisor)
This was a great refresher on the basic debits and credits of accounting.
Anonymous
()
I found this course useful, but very slow paced and sometime repetitive.
Matthew Warren
(Director of Financial Reporting at Newpark Resources, Inc.)
Good information. Wish the supporting materials were better consolidated.
Carrie Wagner
(Executive Director at GALS)
Great course. Very easy to understand and practical examples were given.
Tyler Harmon
(Financial Analyst at Cisco LIFT)
The first few videos seemed very repetitive, everything else was great.
Anonymous
(Manger of technical accounting)
very comprehensive and detailed for the overview of general accounting.
Anonymous
(Accountant)
Course was a great review of basic accounting. It was a refresher course
Anonymous
()
its a good course for refresh your basic basic accounting information.
Mark Szczepaniak
( at Velocity Financial, Inc)
Erik Slayter did a great job presenting all of the accopunting concepts.
Anonymous
(Financial Analyst)
Good accounting class that serves as a refresher for accounting basics.
Sean Lee
( at PureFacts Financial Solutions Inc.)
good overall fundamental courses for basic accounting. good refresher!!
Anonymous
()
Good course Good course Good course Good course Good course Good course
Anonymous
(Program Coordinator)
Overall, good course - a bit of repetitiveness from section to section
CJ Halsey
(Revenue Manager at Apttus)
The pace is slow, but this is a thorough review of basic accounting.
Anonymous
(Consultant)
Fast and fair, this is a great refresher! Fun to review the basics!
Anonymous
(Compass Consultant)
A great way to refresh on accounting basics and earn a lot of credit!
Anonymous
(Accountant)
This is a good high level course to refresh accounting fundamentals.
Erika Alpiste
( at ADP)
Very easy intro back into accounting and basics. Highly recommended!
Francis Nguyen
(Controller at Zuri Furniture)
Great comprehensive review of the basics of accounting fundamentals.
Mei Tang
(Accountant, Realtor at self employed)
It would be better to show the answers to the Final Exam questions.
Anonymous
(Rogers Towers PA)
very comprehensive and detailed very good groundwork for accounting
Ramakrishna Nalluri
(Senior Financial Analyst at LifeWorks Inc)
Allowed to refresh fundamentals in Accounting and financials close
Jarrod Keeler
(Assoc. Finance Mgr. at Stryker)
A good refresher on fundamental items I don't deal with every day.
Michael Solomon
(Financial Analyst at Cisco)
It was good, the first few videos were a little too easy and slow.
Anonymous
()
Good course on the basics. Found the review helpful. Many thanks.
Anonymous
(Assistant Controller)
Great, Easy to Follow, Made Sense, Very Helpful, Good Use of Time
Anonymous
()
Nice overview & good refresher to brush up on some of the basics.
Anonymous
()
A great refresher, though some of the information felt redundant.
Anthony Imburgia
( at None)
Erik Slayter is a good teacher. This was a great review course.
Anonymous
()
Back to the basics is a concise refresher on general bookkeeping
Anonymous
(Sole Practitioner)
good enough for me as continuing cpa and cia to keep my license
Anonymous
(Financial Analyst)
Typos, questions incomplete, even some with the wrong answers..
Anonymous
(Business Controller, Waze)
good refresher of basic accounting and close process. lengthy
Timothy Au
(Associate at GT)
Very good review on fundamentals of accounting/book keeping.
Anonymous
()
good review. really for beginners but cover the topics well.
Robby Ensor
( at GulfshoreCPA PLLC)
This course was a great refresher on accounting fundamentals.
James Ogilvie
( at Intermountain Healthcare)
Good overview, but be prepared for the length of the course.
Anonymous
()
This class was very informative and helpful. I learned alot.
Anonymous
(VP Technical Accounting)
Some simplification of close and bank recs is not universal.
Anonymous
()
This was very informative. I enjoyed this course very much.
This was a great course with lots of excellent information.
Anonymous
()
Was a great course to review the fundamentals of accounting.
Anonymous
(Controller)
This course is a good refresher for the basics of accounting
Steven Meek
(Snr Tax Director at Yahoo, Inc)
Long course but a nice general overview of accounting basics
Anonymous
(Internal Audit Manager)
Enjoyable refresher on accounting fundamentals and process.
Judith Poli
(Payroll Manager at Odyssey Systems Consulting)
Long but informative class, teacher gave numerous examples.
Richard Porter
( at Fortinet Inc.)
Excellent breadth and sufficient depth in the fundamentals.
Anonymous
()
great review of retained earnings and the income statement
Vishal Patel
(M&A Accounting Manager at Cisco US Controller's Org)
great course... much needed refresher on accounting basics
Anonymous
(Accountant)
Great course going over accounting basics, really helpful!
rashaad clavon
(Director of FP&A at Ronin Equity Partners)
good course for refreshers on daily task I no longer do.
Anonymous
(Auditor)
It is challenging and I was able to advance my knowledge.
Charles Elwis
(Insurance Broker at Health Guys)
good overall review, would like answer with explanations
Anonymous
()
This course was a great refresher on accounting basics.
Amanda Hamner
( at ADP)
I hate completing this section. please remove this box.
Kristen Lanham
( at ThriveDX)
Great overview and refresher on the basics of accounting
Eric Oosta
(Senior Associate at Grant Thornton LLP)
Good review course. Fairly simple accounting concepts.
Anonymous
(Director of Accounting)
Course did enough to refresh basic accounting concepts
Anonymous
()
Nice one. Very nice. Liked this course very much so.
Anonymous
()
Great refresher course! Materials were very thorough.
Anonymous
(Accountant)
There was a lot of repeat material in the early videos
Anonymous
(Not Provided)
Lengthy but a great refresher for accounting basics.
Anonymous
()
Great overview/refresher of accounting fundamentals.
Lakshmi Sudarshan
( at Laks Consulting LLC)
Very helpful to understand the accounting concepts.
Robert Werner
(CAO at Invitae)
Good class to refresh basic accounting knowledge.
Anonymous
()
Enjoyed this review of financial accounting basics.
Anonymous
(Auditor)
It was a good review of the foundational concepts.
Anonymous
(Senior Internal Auditor)
Very comprehensive; great refresher course for me!
Anonymous
()
Questions sometimes have duplicate answer choices.
Anonymous
(Director Finance)
Very good coverage of all areas of the financials.
Yao Lu
(Analyst at Cisco Systems Inc.- FCRM)
Good course that covers basic accounting knowledge
Bettie McCarthy
(Consultant at Bridgepoint Consulting)
Great refresher course or those new to accounting.
Melissa Embry
( at TDI Fleet Services)
very good summary of the entire accounting process
Alice Jeanna Yu
(title at bank)
good refresher on basics and fundamentals
helpful
Syed Kazmi
(Controller at Encompass Capital Advisors LLC)
detailed and good.material a comprehensive course.
Prerequisites
Course Complexity: Foundational
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 or send an e-mail to .
How do I print the syllabus?
What order should these classes be taken? The order displayed starts with the Basics of Debits and Credits, but the video starts by saying it is the second video, so not sure what the best order is.
Hi Erik,
Great course, I have recently completed the course and took the exam and received an 81%. I was wondering if its possible to get the answers to the exam, I have assigned this course to my entire Accounting Dept and would like to be able to review the exam with them after they have completed the course.
My email is: peter [dot] kotsifas
gmail [dot] com
Thanks,
Peter
Question:
Brooks Co. owes money to Richie Co. The arrangement has been documented on a promissory note with the following details:
• Principal balance: $11,621
• Annual interest rate: 13%
• Loan length: 7 months
Assuming 4 months have passed since the origination of the loan without any previous related adjusting journal entries, how much interest should be recorded for this loan for this 4 month period?
I had a problem with this on the final - can you help me. I received 86% but this one question I could not answer correctly. Please help and show how to get the answer. Thanks so much. Greatly appreciated.
Since we're calculating simple interest for this, the calculation would be:
Principal * Rate * Time = $11621 * 13% * 4/12 = $504