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Learn Accounting in 1 Hour

Learn basic bookkeeping skills including debits and credits, posting journal entries, and drafting financial statements.

Created byBlair Cook Jennifer Nicholson
BeginnerUpdated Feb 10, 2021
Learn Accounting in 1 Hour

What You'll Learn

  • check_circleDescribe and recognize the accounting underlying any set of financial statements
  • check_circleAnalyze business transactions to determine which are reportable and of those which are on account of income and which are on account of capital
  • check_circlePrepare journal entries for common business transactions
  • check_circlePost entries to create a general ledger and a trial balance using a spreadsheet

About This Course

This course is for aspiring accountants or finance people who want to improve their understanding of how accounting works. This course packs into one hour the best of what you need to know to perform accounting. Along the way, I’ll show you tips and techniques to make sure you stay on track and your books balance. I will teach you how to prepare financial statements using a simple conceptual model that can apply to any organization small or large.

Course Content

1 activity • 5 videos • duration: 1h 10m

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Section 15 videos • 1 quiz • 1.2 hours
  • videocamWelcome to the course!
    Duration 1:13
  • videocamDebits & Credits
    Duration 21:44
  • videocamPreparing Journal Entries
    Duration 20:41
  • videocamPosting Journal Entries to a Trial Balance
    Duration 12:31
  • videocamPreparing Financial Statements
    Duration 13:55
  • quizFinal Exam Questions

Your Instructor

Blair Cook Jennifer Nicholson

CPA, CA Leadership

menu_book55 courses
star5,700 reviews

Blair is a seven-time CFO, a director, and an educator at Executive Finance Partners - a professional development and executive coaching firm for financial professionals and executives. He also serves as a corporate director and audit committee chair of publicly listed companies: Terravest Industries and Clarke Inc. He is also the Board Treasurer of the Devour Food & Film Festival and serves on various committees of CPA Nova Scotia. Blair is the author of The Illiterate Executive: An Executive’s Handbook for Mastering Financial Acumen.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.7 out of 5
Student's Choice
20 reviews

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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