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Erik Slayter, Accounting Professor at Cal Poly
To Access This Course:
In this course, the accounting equation of Assets = Liabilities + Shareholder Equity is expanded upon to understand how debits and credits are used to stay in balance. Core accounting tools are presented, including t-accounts, ledgers, journals and trial balances.
You will gain an understanding of how each of these tools interacts with one another and its distinct purpose in an accounting system. There are many opportunities for hands-on practice in this course.
Course Series
This course is included in the following series:
11 CoursesBack to the Basics: Accounting Fundamentals
- Accounting Review: The Basics of Debits and Credits
- Transaction Analysis, T-Accounts, Debits and Credits, and Trial Balances
- Accounting Review: Overview of Financial Statements; P&L, Balance Sheet, and Cash Flow
- The Accounting Equation and Financial Statements
- Bank Reconciliations, Cash, and Internal Controls
- Accounts Receivable Training: Bad Debts
- Equipment and Depreciation
- Inventory Costing
- Purchase and Sale of Inventory
- The Adjusting Process
- The Closing Process
Learning Objectives
- Identify 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
- Discover how to use journal entries to record transactions
- Recognize how to perform transaction analysis using journal entries
- Identify the steps of the accounting cycle
Last updated/reviewed: November 14, 2020
37 Reviews (134 ratings)Reviews
Found the course to be a great refresher course on the fundamentals of financial accounting. The instructor is clear and easy to understand. However there is one aspect of these courses that I really dislike. The instructor writes on the screen and it is very slow. This wastes time and is annoying to the viewer. I found the workbook to be very helpful in applying the concepts taught.
Erik Slayter is one of my favorite presenters. He breaks down the material into manageable parts, has excellent examples and live "On Demand" courses which keeps the viewed engaged. In addition, the time he gives you to work though a problem of definition to guage your understanding is great way to present this type of accounting material.
this course was very 'beginner-friendly' and provided several examples. I agree with some of the other reviews that the format used with the instructor writing/drawing out everything could have been better. A simple power point presentation would have been easier to read and would have allowed plenty of space to include everything.
Much more clear than a general accounting course on here. Useful & understandable ... again the exam was a bit difficult for what was explained in the lessons, but it wasn't unmanageable.
Excellent overview of accounting especially for beginners. I like the instructors use of the "big T account" method. I also liked the part where I had to find the mistakes.
Great overview of the transaction cycles in accounting. Really enjoyed the overview of T-accounts. I feel like they are not sued enough anymore.
Demonstrates how to account for standard daily transactions. How to go from the entry to the scenario represented and vice versa.
very basic, easy to follow - individuals with no accounting or finance backgrounds will get the most out of this course
You'll be able to grasp the basics of accounting. This is a great starter for those new to the accounting world
What you would expect for a foundation level course. The questions proved to be a nice refresher.
Great Refresher course of accounting fundamentals, presented by a very clear and solid instructor
Good overview in relation to transactions and how they relate to the trial balance accounts.
it seems kind of dry in the presentation. I would love some info on not using T-accounts.
Good course full of lots of information for a quick review. Would recommend to others.
Pretty basic accounting here, but nice to solidify the knowledge. Easy to follow.
Course was a good review of debit and credit functions and was explained well.
A good refresher course on accounting basics. Good for my new job position.
Good course for basic accounting 101, especially if you like T-accounts
Some of the exam questions need to be reevaluated as they are unclear.
Good review of basic principles to keep me in shape !
Another great course and so much knowledge gained.
A decent basic accounting review. Thanks!
Good working examples of the concepts.
Took too long to write words.
A good entry level program.
Solid overview of the topic.
Good review of bookkeeping
good basic refresher course
Review of journal entries
Very informative course.
Enjoyed the course.
Good basic review.
Good course
Very NICE
Good pace
Done
Good
Prerequisites
Course Complexity: Foundational
No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.
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 .