What Students Have to Say About the Crash Course:
"The Notepirate videos got me through Acct 101 with a 97%. I've always found your videos easy to understand and well-paced."
- Alan P. Udemy Student
"Hello Dave, just wanted to say thank you! Your videos helped my classmates and I tremendously. We did very well. 95%, 90%, 86%, 85%. Thanks again!"
- Ariel S. YouTube Student
"Hey Dave. I'm also reviewing in order to become a CPA. Your videos are absolutely brilliant. I have never seen the business activities presented in such a manner... but I will remember this model for a lifetime now. Thank you so much for taking the time to record these videos. You truly are making a huge difference and impact on the world. Cheers."
- Sarah B. Curious.com Student
Financial accounting is the language of business. In business, we use financial accounting to report everything we do. Whether it’s paying our employees, issuing a dividend to shareholders or purchasing a capital asset, we report it. Bookkeeping ensures that we have a history of every economic activity. Summarizing all of these transactions into financial statements provides us with a general snapshot of our performance and position in the marketplace. Having this financial information at our fingertips is key to future planning and decision making.
When we start our Introduction to Financial Accounting you’ll familiarize yourself with the principles that can be applied to business scenarios, time and time again.
Get Ready to Learn Concepts Like...
- Basic Financial Accounting Elements (Assets, Liabilties, Equity)
- The Conceptual Framework of Financial Accounting
- Debits and Credits and The Double Entry Accounting System
- Depreciation and Amortization
- Preparing Cash Flow Statements
- Understanding GAAP and IFRS Standards
- Financial Statement Preparation
StartWhat is Financial Accounting? (9:27)
StartStructures of a Business (9:28)
StartInternal vs. External Users of Accounting Information (7:38)
PreviewBusiness Activities: Operating, Investing and Financing (9:04)
StartWhat are Financial Statements and the Types of Financial Statements (13:01)
StartElements of Financial Accounting (5:28)
I worked on my BComm, majoring in Accounting and Finance at Ryerson University and am currently a CPA student. I've run Notepirate (an accounting and finance website) for 5 years and have worked as an Accounting and Finance educator for 6 years. My videos have been used by countless CPA websites and continuing education websites like TVO's, Independent Learning Center (ILC.org).
Growing up in Toronto (Canada) I started my Accounting education in high school at North Toronto Collegiate. Like many of you, I struggled to master the fundamentals of Accounting which eventually lead to me being frustrated and confused. I understand this feeling, that you might be having too well.
During the summer I took some time to go back and re-read everything from the beginning. I focused on the fundamentals specifically, because everything you learn in Accounting is derived from them. This provided a strong foundation for me to teach Accounting because of my original confusion with the subject but also my subsequent clarity of the it.
When I explain concepts, you're going to see that I not only provide lectures on the subject, but also provide a deep understanding of the material.
Accounting and finance has not only influenced my professional life but also my personal life. Decisions are made on a daily basis. I believe that a strong education in Accounting and Finance equips us with the know how to make sound decisions.