Introduction to Financial Accounting

TIL that bookkeeping is the only word in the English language with 3 consecutive sets of double letters

Spookkeey! Triple-double deliciousness

TIL that bookkeeping is the only word in the English language with 3 consecutive sets of double letters ; posted on r/todayilearned

Pre-MBA online preparatory knowledge programs

I'm looking for Pre-MBA prepatory courses available online, at your own pace (and preferably free).

Does anyone know of any great resources for these?

Harvard offers their CORe courses for a fee through HBx, they start at a defined time. Focuses on: Intro to Business Analytics Intro to Economics for Managers Intro to Financial Accounting

I'm looking for similar course content. So far found: https://www.coursera.org/learn/wharton-accounting/

TIL that bookkeeping is the only word in the English language with 3 consecutive sets of double letters

Starting Tax Prep at Small CPA Office

/r/Accounting! I was hired at a small CPA firm for Tax Preparation and begin in a couple weeks. A little background, I have no experience preparing taxes! There will only be 3 people in the office; a CPA, a book keeping / payroll clerk and myself (tax prep). The tax software used is ATX.

I was told the majority of the forms are 1040, 1041 and 1120S. What is the best way to prepare for my first week? Are there any free online courses I can take to get better prepared?

Things Google has turned up:

• Link & Learn Taxes
• The Tax College
• Accounting and Financial Statements
• Introduction for Financial Accounting

Any advice or ideas would be appreciated.

Take a look at Coursera's two online classes for an introduction to financial accounting. They are very reasonably priced.

https://www.coursera.org/learn/wharton-accounting

They will not teach you QuickBooks, but they give a great overview of accounting terms and procedures that will make sense of why QB does what it does. IMO, equivalent to what most MBAs get in their basic accounting class.

https://www.coursera.org/learn/wharton-accounting this one is good for learning financial accounting (how to record and report transactions of the business). If you want to know about management acounting (budgeting, costing) you have to find another course.

If you’re adamant about learning introductory accounting, there are courses you can take online that are high quality and completely free ([https://www.coursera.org/learn/wharton-accounting#syllabus]).

As u/goose38 mentioned, commerce and management courses tend to be restricted to those in the program or doing a minor. Honestly, my advice is to choose a different elective.

is this the one?

Accounting can be intimidating - I avoided it the entire time I was an undergrad, despite working in finance after.

It’s actually pretty fun if you enjoy solving puzzles though, and enormously important for any career in business, no matter your specific role.

For anyone who is interested, Wharton has a free intro to accounting course on Coursera ( https://www.coursera.org/learn/wharton-accounting ) that starts today.

The Intelligent Investor by Benjamin Graham is the best, but requires a minimum previous knowledge on some concepts of financial accounting. I'd recommend to read or take a course on that first. Wharton offers one via Coursera, and is a very good one.

A colleague of mine took this one and said it was really good:

https://www.coursera.org/learn/wharton-accounting

It is Wharton Business School's intro to fin acct on Coursera. The description says that it is four weeks of study, 5-6 hours per week. Timewise, that's in your ball park. If you go with it, let me know what you think.

However, I think financial accounting is intrinsically interesting and useful, so I recommend taking an online class on it, if you are interested.

This is a good introduction on Coursera from the Wharton School: https://www.coursera.org/learn/wharton-accounting

I took about half of this course on accounting: https://www.coursera.org/learn/wharton-accounting

I thought it was great and learned a lot. I didn't finish, but it gave an overview of what accounting really means, it means telling the story of a company with the financial numbers, and how to do double-entry bookkeeping. The professor is endearingly corny, and really knows his stuff.

I don't know about good accountant, but to be a happy (or at least not miserable) accountant you probably need to be fond of puzzles. Not, like, mathematical puzzles, but ones where you kind of have to logic and intuit your way through something.

The math never really goes beyond arithmetic (time-value-of-money aside) in financial accounting and algebra in managerial accounting, but it does involves a kind of mathy way of looking at the world.

Go take a free accounting course online, like https://www.coursera.org/learn/wharton-accounting, and if you still like it once you finished the course, it may be for you! I went from teaching and translation to accounting, mostly on the strength of quite liking an intro accounting course I took while working.

https://www.coursera.org/learn/wharton-accounting

http://fearfulasymmetry.ca/

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/AccPrimer/accstate.htm

https://www.coursera.org/learn/wharton-accounting

www.retailinvestor.org/pdf/ReadingFinancialStatements.pdf

These two MOOCs were super helpful for me:

https://www.coursera.org/learn/wharton-accounting

and

https://www.coursera.org/learn/wharton-finance

Dunno about Linkedin Learning, but I can tell you what resources helped me:

• How the Economic Machine Works - Ray Dalio. This is finance 101, but useful if you have no clue about how this whole machine works (if you're curious about macroeconomics - Ray Dalio is the guy to follow)
• Warren Buffett's shareholder letters. This is a masterclass in business, finance and investing. Mandatory reading for every entrepreneur as far as I'm concerned
• accountingcoach.com
• Introduction to Financial Accounting
• More Introduction to Financial Accounting
• Introduction to Corporate Finance

And of course, lots of Googling, reading a ton of articles (you'll usually land on Investopedia, Corporate finance institute or Wikipedia, which are all great)

There are also a ton of great Youtube videos (especially for financial modeling) and podcasts out there that are great.

This should get you started.