Financial Accounting 101 - Part 1 - Master The Basics!

Mastering the mechanics of Journal Entries, Posting, and Financial Statements, and diving into the topic of Assets

In this course we start from the ground level, with no assumptions of any prior accounting knowledge. We discuss the basic mechanics needed to get started, including the basic and expanded accounting equations, debit and credit entries for normal balances, journal entries, posting to the ledger, creating a trial balance, preparing adjusting entries, and preparing financial statements. Then, after we take care of the basics we dive deep into the various Asset accounts, including Cash, Accounts Receivables/Bad Debts, Inventory, and Fixed Assets/Depreciation.

In all of my courses we have study notes, video lectures, downloadable practice exercises, a video lecture walking through the practice exercise solution, quizzes, and a downloadable text covering all of the topics in the course. I also have an Instructor's Virtual Office for any questions you may have on the content.

If you enjoy Part 1 of the course, there is also a separate Part 2 course that picks up with the Liabilities and Equity Accounts (i.e. Stocks and Bonds.)

I hope to see you in the course!



Your Instructor


Christopher Severson
Christopher Severson

I have a Master of Professional Accountancy Degree (MPA) from the University of Nebraska-Lincoln. I have been teaching accounting part time, both face to face and online since 2008. I work as the manager of our Audit training area, managing the training plan and course development for 150 auditors nationwide. My work history includes reviewing, preparing, and presenting course material for the Becker Professional CPA Review.


Course Curriculum


  History and Purpose of Financial Accounting
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  Financial Accounting - Mechanics
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  Adjusting and Closing Entries
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Frequently Asked Questions


When does the course start and finish?
The course starts now and never ends! It is a completely self-paced online course - you decide when you start and when you finish.
How long do I have access to the course?
How does lifetime access sound? After enrolling, you have unlimited access to this course for as long as you like - across any and all devices you own.
What if I am unhappy with the course?
We would never want you to be unhappy! If you are unsatisfied with your purchase, contact us in the first 30 days and we will give you a full refund.

Get started now!