Josh Aharonoff – Accounting Made Easy

Master Accounting Fundamentals: Build a Strong Foundation for Your Finance Career

Your Comprehensive Guide to Understanding Accounting Principles, Financial Statements, and More

This course is designed to help you master the fundamentals of accounting, from the basic equation (Assets = Liabilities + Owner’s Equity) to advanced financial reporting. Whether you’re a beginner or looking to strengthen your foundation, this program provides clear explanations, practical examples, and actionable insights to set you on the path to becoming a successful accountant or finance professional.

What You’ll Learn

Getting Started

✅ Introduction to Accounting
▪ Understand the definition and importance of accounting in business.

✅ The World of Finance & Accounting
▪ Explore the various roles, departments, and key concepts within the accounting field.

✅ Accounting Degrees, Certifications, and Licenses
▪ Learn about the educational and professional requirements to excel in accounting.

✅ Accounting vs. FP&A
▪ Understand the differences between accounting and financial planning & analysis.

The Basics of Accounting

✅ Financial Statements
▪ Get an overview of the key financial statements: Balance Sheet, Income Statement, and Cash Flow Statement.

✅ The Accounting Equation
▪ Master the foundational equation: Assets = Liabilities + Owner’s Equity.

✅ GAAP vs. IFRS
▪ Learn the differences between Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).

✅ Cash vs. Accrual Accounting
▪ Understand the two main accounting methods and their impact on financial reporting.

✅ Debits & Credits
▪ Learn the basics of double-entry accounting and how to record transactions.

✅ Taxes and Auditing
▪ Gain insights into taxation and the role of auditing in financial reporting.

Deep Dive into Financial Statements

✅ Financial Statement Preparation
▪ Learn how to prepare and analyze financial statements.

✅ Related Reports
▪ Explore additional reports like the Bank Register, Bank Reconciliation, and General Ledger.

✅ Chart of Accounts and Trial Balance
▪ Understand how to organize accounts and ensure accuracy with a trial balance.

✅ Accounts Payable and Receivable Ledgers
▪ Manage payables and receivables effectively.

The Profit & Loss Statement

✅ Revenue, COGS, and Gross Profit
▪ Break down the components of the Profit & Loss Statement.

✅ Operating Expenses and Net Income
▪ Learn how to calculate operating income and net income.

The Balance Sheet

✅ Assets, Liabilities, and Owner’s Equity
▪ Understand the key components of the Balance Sheet and their significance.

The Statement of Cash Flows

✅ Direct vs. Indirect Method
▪ Learn the two methods for preparing the Cash Flow Statement.

✅ Sections of the Cash Flow Statement
▪ Explore operating, investing, and financing activities.

Adjusting Journal Entries

✅ T Accounts and Prepaid Expenses
▪ Learn to record adjusting entries for prepaid expenses, accounts receivable, and more.

✅ Depreciation, Amortization, and Accrued Expenses
▪ Understand how to account for fixed assets, deferred revenue, and other adjustments.

Recap and Continued Learning

✅ Other Areas of Accounting
▪ Explore additional topics like inventory management, stock types, and more.

✅ Next Steps
▪ Get guidance on how to continue your accounting education and career development.

Why Choose This Course?

✅ Clear and Practical Explanations
▪ Learn accounting concepts with easy-to-understand examples and real-world applications.

✅ Comprehensive Coverage
▪ From basics to advanced topics, this course covers everything you need to build a strong accounting foundation.

✅ Expert Guidance
▪ Gain insights from an experienced instructor who breaks down complex topics into manageable lessons.

✅ Career-Focused
▪ Prepare for accounting roles by understanding degrees, certifications, and professional requirements.

Who Is This Course For?

✅ Beginners
▪ Start your accounting journey with a solid understanding of the fundamentals.

✅ Students
▪ Supplement your studies with practical knowledge and real-world applications.

✅ Professionals
▪ Strengthen your accounting skills and advance your career in finance.

✅ Entrepreneurs
▪ Learn to manage your business finances effectively.

How This Course Transforms Your Accounting Knowledge

✅ Master the Accounting Equation
▪ Understand how assets, liabilities, and equity interact in financial transactions.

✅ Read and Prepare Financial Statements
▪ Gain the skills to analyze and create Balance Sheets, Income Statements, and Cash Flow Statements.

✅ Navigate Accounting Methods
▪ Learn the differences between cash and accrual accounting and when to use each.

✅ Build a Career in Accounting
▪ Explore educational paths, certifications, and roles to excel in the field.

This course is your ultimate guide to mastering accounting fundamentals. With clear explanations, practical examples, and actionable insights, you’ll have everything you need to build a strong foundation for your finance and accounting career. Don’t miss this opportunity to unlock the secrets of accounting and achieve your professional goals!