This free online accounting course provides you with a set of lectures on accounting principles. Each accounting tutorial is devoted to a particular accounting topic or area. Tutorials contain detailed explanations of material, including accounting terms. Learn accounting by starting with the online accounting lessons on Simplestudies.com.

 

In order to start with a lesson, simply click on a link. Alternatively, you may click on a lesson in the left menu. Below you can find short descriptions of the lessons.

 

Online Accounting Lessons

Intro to Accounting	Accounting and its role, accounting information, elements of financial reporting, fundamental accounting equation, introduction to accounting entries.
Accruals	Accrual accounting, events recording under accounting equation, revenues and expenses, adjusting entries.
Deferrals	Deferrals, events recording under accounting equation, financial statements preparation, costs vs. expenses.
Applying New Techniques	Double-entry accounting system, T-account, debit and credit, closing entries, general journal records.
Merchandising Business	Service vs. merchandising companies, product vs. selling and administrative costs, perpetual and periodic inventory systems, single- and multistep income statements.
Advanced Accruals	Allowance and direct write-off methods for bad debts, credit purchases, warranty obligations, discount notes.
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.
Long-term Assets	Tangible vs. intangible assets, historical cost of assets, depreciation methods, natural resources and depletion, intangible assets and amortization, goodwill.

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