Discover the world of accounting, including its types, significance, and the various career paths it opens for individuals. Get insights into the use of video tutorials for learning accounting, and how they can help grasp basic accounting principles and practices.
- Accounting involves recording, organizing, and presenting businesses' financial transactions and data, providing a clear picture of a business' financial health.
- Accounting knowledge is critical for effective decision-making, cost planning, and economic performance assessment in businesses. It opens up various career paths, including roles as auditing clerks and accounting assistants.
- Video tutorials are effective tools for learning accounting principles and practices, allowing for repetition and real-time following, catering specifically to visual learners.
- Companies like Noble Desktop offer free seminars on accounting topics, and platforms like Udemy provide free accounting lessons in short video formats.
- Learning accounting is beneficial for business owners and managers as it aids in better analyzing financial statements, leading to informed business decisions.
- Accounting classes typically range in cost from $253 to $1,263, with prerequisite knowledge of high-level mathematics, information technology, and basic business and economics required.
Accounting involves the recording and organizing records to understand a business’s financial information. It provides a clear picture of a business’s financial position and lets them know if they’re making a profit and which parts of the company are making money. Learning accounting can help individuals to stay on top of a business’s finances. It allows individuals to set goals and guide decision-making. Watching video tutorials online is a popular method of learning accounting. By watching videos, individuals can familiarize themselves with the subject and learn how to work through financial problems. This article will cover a range of videos, including what they teach and where to find them.
What is Accounting?
Accounting involves recording financial transactions and storing and presenting the results in different reports or analyses. It provides proper insight into a company’s financial health. Different accounting types include financial, management, and tax accounting. Employing Accountants is necessary for every company.
Experts Accountants are crucial to a company’s reliable decision-making, predictable cost planning, and accurate measurement of economic performance. In small businesses, accounting may be handled by a bookkeeper or an accountant, some of which work part-time for several companies. Larger companies may have entire finance departments.
What Can You Do with Accounting?
Accounting can be a challenging but enjoyable field of study. Individuals can use their skills to start a business or improve their lives outside work. Generally, accounting courses provide valuable knowledge on managing a budget and expenses effectively.
By completing accounting courses, individuals learn a broad range of topics. Beginner-level accounting courses cover tax returns, financial statements, and computer applications like Microsoft Excel. Advanced courses may dive deeper into financial analysis and presentation, auditing, fraud examination, and international accounting. The more courses an individual completes, the more options the same individual has. Each course opens doors to different career paths. Possible roles for those who have taken some accounting classes include an auditing clerk or an accounting assistant.
Students who complete full accounting degrees may take advantage of international opportunities. Individuals who wish to work abroad can easily find jobs overseas, as most accounting principles are not specific to one region. Good recommendations for career advancements and can be used as stepping-stones for other degrees. There are several opportunities to volunteer for large organizations, as they constantly need more Accountants. Individuals can even use their degrees to further their education towards other topics, such as law.
Why Are Video Tutorials Helpful When Learning Accounting?
Video tutorials are great for learning basic accounting principles and practices. Individuals can review video lessons to learn standard accounting functions, such as how to create financial statements and explain why they are important.
Videos can be paused or rewatched as many times as an individual needs. Videos are excellent for visual learners. They are free, and individuals can follow along with the videos in real-time. They often include lessons packed with real-world examples. Individuals can watch tutorials alone or as part of a group training session. Video lessons help to get all employees on the same page so they can better communicate and collaborate.
Types of Accounting Videos
There are various accounting videos for individuals to utilize when learning accounting. Watching different accounting video lessons can help individuals to learn about different accounting disciplines, principles, and practices.
Noble offers free seminars on multiple topics related to accounting. Individuals can watch accounting seminars on YouTube to gather a general idea of basic accounting concepts. With these seminars, individuals can pause, rewind, and rewatch parts of the videos if needed.
Noble Desktop’s online search tool allows individuals to find and compare the best accounting videos online, such as Mergers and Acquisitions Accounting Overview. Individuals can complete the free tutorial and video to learn acquisition accounting.
Udemy offers free accounting lessons online in the form of short videos. The courses are related to finance, accounting, and business.
Why Learn Accounting?
Accurate accounting is necessary for a company's growth, funding, and collection of payments. It is a critical business skill for owners and managers and ensures that a business’s financial records comply with the laws. By studying accounting, individuals can learn to manage their finances more effectively and make meaningful contributions at work.
Those who own businesses should understand basic accounting principles to help advance their careers. Owners who learn accounting can better analyze financial statements. Once they can better read statements, they are prepared to make more informed business decisions. Other decision-makers should also learn accounting principles as they can make decisions that will further grow a company. No matter what an individual’s current role within a company.
How Difficult is It to Learn Accounting?
Anyone involved in business knows that accounting is an important skill to have. It is crucial to saving time and money and is a necessary part of running a business. Business owners and managers recognize that accounting is not just using numbers and issuing receipts. Individuals must be able to gather and report information and use those reports to communicate a business's financial position and performance. Once stakeholders have crunched and analyzed the numbers, they use the information to make future decisions.
To become an accounting expert, individuals begin by learning basic terms and principles. Learning vocabulary first allows them to develop a foundational knowledge of accounting practices. Then, they learn to apply these practices, allowing for more sound financial decisions. Beginner-level courses teach critical financial statements by using examples from actual company financials. Other topics in many beginner courses include accrual accounting, income statement basics, balance sheet equations, and statements of cash flows.
All future students must complete several prerequisites before earning an accounting degree. First, individuals must have advanced knowledge of high-level mathematics and be skilled in information technology. Typically, accountants have completed several computer science classes. Individuals must also take entry-level business, economics, finance, and management classes. Each accounting class may cost from $253 to $1,263.
Read more about how difficult it is to learn accounting.
Learn Accounting with Hands-on Training at Noble Desktop
Individuals can learn accounting through finance classes with hands-on training at Noble Desktop. Finance courses boast small class sizes, expert instructors, and free retakes. Noble’s Financial Analyst Training Program teaches excel and critical financial and corporate finance options. Individuals gain basic and intermediate skills in Excel while learning to build a comprehensive valuation model for a public company. Critical concepts taught include advanced Excel for financial modeling and accounting, corporate finance, and valuation.
Noble also offers Intro to Financial Accounting, through which individuals master the fundamentals of financial accounting and begin taking the next steps in accounting or finance. Enrollees see real-life examples and go through real 10-K’s to better understand how accounting concepts apply to large companies such as Facebook, Amazon, and Apple.
How to Learn Finance
Master finance with hands-on training. Learning skills like financial modeling, stock investing, and data analysis can help pave the way to a career in finance or FinTech (financial technology).
- Financial Analyst Training Program: live, instructor-led course available in NYC or live online
- Find Finance Classes Near You: Search & compare dozens of available courses in-person
- Attend a finance class live online (remote/virtual training) from anywhere
- Find & compare the best online finance classes (on-demand) from the top providers and platforms
- Train your staff with corporate and onsite finance training