Financial and Managerial Accounting
Let's learn the basics of accounting
Finance and Accounting,Accounting and Bookkeeping,
Lectures -98
Resources -72
Duration -11 hours
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Course Description
In this course, we will cover several accounting topics related to both financial and managerial accounting. This course is geared towards those students entering MBA programs without a background in accounting, so no experience in accounting is required. However, the course would be useful to anyone wanting to learn more about these accounting topics.
We will spend the first 2/3 of the course going through financial accounting and the last 3rd going through managerial accounting. We will cover topics such as financial accounting concepts, the difference between financial and managerial accounting, journal entries, normal balances of accounts, posting to the T account and general ledger, unadjusted and adjusted trial balances, income statement, balance sheet, statement of cash flows, statement of owners equity, cash and the bank reconciliation, current assets, inventory, long term assets and depreciation, warranties, bonds, stock, equity, and dividends, budgeting, standard costs and variance analysis, relevant costs and special decisions.
This course will include one or more videos for each module. There will also be text materials covering each of the topic. For practice, there will be quizzes along the way, as well as a final exam to test your understanding of the materials.
I look forward to working with you throughout the course!
Who this course is for:
- This course is MBA level students that are not interested in going into accounting, but still need to learn about the basics of financial and managerial accounting.
Goals
Learn about financial accounting
Learn about managerial accounting
Understand the differences between financial and managerial accounting
Prerequisites
This is an introductory level accounting course, therefore no prerequisites are needed.

Curriculum
Check out the detailed breakdown of what’s inside the course
Module 1 - Intro to Financial Accounting
8 Lectures
-
Module 1 - Part 1 Video - Intro to Financial Accounting Concepts 27:03 27:03
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Module 1 - Part 2 Video - Intro to Financial Accounting Concepts 16:24 16:24
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Introduction to Accounting – History and Needs of Users
-
Different Classifications of Accounting and Careers Within Them
-
History of Accounting
-
Accounting Concepts and Principles
-
Four Core Financial Statements in Order of Creation
-
Basic and Expanded Accounting Equation
Module 2- Mechanics of Bookkeeping and Accounting
8 Lectures

Module 3 - Current Assets (Cash, Accounts Receivable, Inventory, etc.)
7 Lectures

Module 4 - Long Term Assets and Depreciation
9 Lectures

Module 5 - Current and Long Term Liabilities
7 Lectures

Module 6 - Stock, Equity, and Dividends
6 Lectures

Module 7 - Revenue Recognition and the Income Statement
4 Lectures

Module 8 - Cash Flow Statement
6 Lectures

Module 9 - Financial Statement Analysis
6 Lectures

Module 10 - Financial Accounting Wrap-up
1 Lectures

Module 11 - Managerial Accounting and Cost
6 Lectures

Module 12 - Managerial Accounting and Cost
7 Lectures

Module 13 - Managerial Accounting and Budgeting
10 Lectures

Module 14 - Standard Costing and Variance Analysis
5 Lectures

Module 15 - Managerial Accounting and Special Decisions
8 Lectures

Instructor Details

Chris 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.
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