Online Accounting Course Simple Studies

Accounting Lectures

Our free online accounting lessons explain accounting principles. Each accounting lecture is devoted to a particular accounting topic or area. Lessons contain detailed explanations of material, including accounting terms. In order to start with a lecture, simply click on a link. You can find short descriptions of all accounting lectures below.


Accounting Lectures
Introduction to Accounting Accounting and its role, accounting information, elements of financial reporting, fundamental accounting equation, introduction to accounting entries.
Accounting for Accruals Accrual accounting, events recording under accounting equation, revenues and expenses, adjusting entries.
Accounting for Deferrals Deferrals, events recording under accounting equation, financial statements preparation, costs vs. expenses.

Double-entry Accounting System

 Double-entry accounting system, T-account, debit and credit, closing entries, general journal records.
Accounting in Merchandising Companies Service vs. merchandising companies, product vs. selling and administrative costs, perpetual and periodic inventory systems, single- and multi-step income statements.
Accounting for Advanced Accruals Allowance and direct write-off methods for bad debts, credit purchases, warranty obligations, discount notes.
Accounting for Inventories Inventory cost flow methods (FIFO, LIFO, etc.), sample computations for these methods and respective financial statements differences, lower of cost or market rule for inventories.
Accounting for Long-term Assets Tangible vs. intangible assets, historical cost of assets, depreciation methods, natural resources and depletion, intangible assets and amortization, goodwill.
Cost Behavior Cost behavior, cost driver, variable costs, fixed costs, mixed costs, step variable costs, high-low and scatter graph methods of separating mixed costs.