Intermediate Accounting Made Easy

What Every Accountant Needs to Know in Simple Terms

Created by: Rich Veltri
Expert in retail systems, project management and accounting

What Will I Learn?

• Interpret financial statements and the related footnote disclosures
• Calculate financial statement ratios
• Calculate time value of money, including future value and present value concepts
• Identify the regulatory bodies and governance structure of US GAAP
• Articulate the major differences between US GAAP and IFRS
• Accounting for less common scenarios such as errors, changes in principles and restatements
• Distinguish lease types and the associated accounting rules and disclosure requirements
• Calculate depreciation & amortization using the most common acceptable methods
• Prepare journal entries to complete the accounting cycle
• Calculate earnings per share under multiple scenarios

Requirements

• A basic accounting course is helpful, but not required
• A financial calculator is optional

Target audience

• Beginner accounting students who have a basic understanding of bookkeeping
• Finanical Analysts who want to understand how to read financial statements and footnotes
• Experienced bookkeepers who want to understand US GAAP principles, terminology and workflows
• Intermediate accounting students who want to supplement their existing classroom learning by reinforcing main concepts
• Small business owners who want to understand accounting concepts, workflows and goals so they may converse with accounting service providers
• Technology professionals who want to understand accounting concepts and workflows to better support accounting software
• NOTE: This is not a CPA exam prep course, but the knowledge gained will certainly help