How to Understand the Basics of Accounting and Bookkeeping

What you will learn

 

Accounting basics

Bookkeeping basics

Debits and credits, adjusting of entries-accruals and prepayments

Day books, ledgers, profit and loss, balance sheet

Posting of transactions

Trial balance

Description

 

Why take this course? Because it will help you to learn, understand and use correctly, the fundamentals of Accounting and Bookkeeping!

This free short course is for you, if you are a beginner in Accounting and Bookkeeping, if you are a student of Accounting, or if you are a businessman. This course, will help you to become a better Accountant, Bookkeeper, or a Businessman.

By studying each of the lectures in this course, one by one, they will will give an idea, of how Accounting and Bookkeeping work as a system, as one whole unit. That will help you become better at using Accounting and Bookkeeping for studying at college, for your own business, or as a person, having an Accounting and Bookkeeping practice.

The course will help you to get an overview, of most of the basic and fundamental topics and principles of Accounting and Bookkeeping. Do not worry if you do not have previous knowledge of Accounting! That is why the course was created, to give you an idea, what Accounting and Bookkeeping are all about, without bothering you, with too much detail!

The course is short, only about 1 hour, but will help you to grasp and understand how Accounting works as a system, as a process of steps, which are related to one another.

The course is created by a qualified Financial Accountant, who has experience of teaching Accounting online.


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There is a quiz, included after some of the lectures.

Some of the Accounting topics you will learn are:

  • accounting cycle

  • debits and credits

  • accruals and prepayments

  • sales and purchase day books

  • cash book

  • petty cash book

  • general journal

  • posting of transactions

  • trial balance

  • profit and loss account

  • balance sheet

  • more…

If you decide to take this free course, before you start delving deeper into all those, sometimes seemingly confusing Accounting and Bookkeeping details, it will help you to get the understanding of what Accounting is, how its works as a whole, and why it is the language of business. Enjoy!

If you are interested in a more in depth and details explanation of Accounting and Bookkeeping, please visit my other course of Accounting and Bookkeeping Fundamentals.

English
language

Content

 
Introductory Course of Accounting and Bookkeeping for Beginners
The Accounting Cycle
Debits=Credits
Description of Accounting
Source Documents
Sales Day Book
Sales Returns Day Book
Purchase Day Book
Purchase Returns Day Book
General Journal
Posting of Transactions
Balancing of Accounts
Trial Balance
Adjusting of Entries – Accruals and Prepayments
Sales Ledger
Purchase Ledger
General Ledger
Profit and Loss Account
Balance Sheet