Accounting for Beginners : Learn Basics in under 1 Hour

Learn Accounting Fundamentals, Accounting cycle and preparation of Financial Statements from Scratch!
4.4 (12 ratings)
Instead of using a simple lifetime average, Udemy calculates a
course's star rating by considering a number of different factors
such as the number of ratings, the age of ratings, and the
likelihood of fraudulent ratings.
1,963 students enrolled
50% off
Take This Course
  • Lectures 20
  • Length 1.5 hours
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
Wishlisted Wishlist

How taking a course works


Find online courses made by experts from around the world.


Take your courses with you and learn anywhere, anytime.


Learn and practice real-world skills and achieve your goals.

About This Course

Published 12/2015 English

Course Description


Warm welcome to the course page of accounting for beginners !

This course is for beginners who want to learn accounting with simplified method.

In this course, you will able to learn following from the help of excel sheet:

  1. basic accounting terms, accounting entries, accounting principles as per GAAP,
  2. concept of accrual vs prepayment,
  3. methods of cash accounting vs accrual accounting,
  4. accounting cycle,
  5. how to prepare ledger,
  6. how to make trial balance and prepare financial statements.

More than 1050+ students get the benefits.

The course has +79 minutes of content having 20 lectures.

  1. First section is introduction section.
  2. Second part is theory part explaining fundamentals of accounting, accounting terms, accounting principles as per GAAP, concept of cash accounting vs accrual accounting.
  3. In third section, I have explained how to do basic accounting via drafting ledgers and preparing trial balance.
  4. Fourth part is having ex plainer videos about how to prepare financial statements and close the accounts.
  5. Fifth section is resources in which I have given 10 Exercises so that you can do repetition what you have learnt.
  6. Additionally there are quizzes given after completion of each section for knowledge testing.

You should take this course because it is simple and still effective and covering basics in very short duration. After completion of course, Your accounting fundamentals will be strong and you will be able to do basic accounting for business or at job or for client. You can view preview lectures FREE before purchasing !

For puchasing, Just click the take this course button. You have nothing to lose. In fact, you have got a lot to gain.



What are the requirements?

  • Notebook
  • Calculator
  • Willingness to complete the course
  • Excel sheet given in first lecture

What am I going to get from this course?

  • Do accounting for their business or at job
  • students have clear understanding of basic accounting
  • Make foundation of finance clear
  • Do journal entries
  • Prepare financial statement
  • Prepare workbook
  • Understand Gaap principles
  • Prepare ledgers and trial balance

Who is the target audience?

  • Business person who want to know fundamentals of accounting
  • Person who want to learn accounting for job
  • Person who want to start part time accounting business
  • Students who want to make career in finance
  • Person who is willing to learn and do exercise given in the course
  • Have clear maths concept

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Warm welcome !


Welcome to first lecture !

In this lecture, you will get idea about following :

  1. what you will learn throughout the course and
  2. idea about how I have explained the course.
  3. What preparation is required from your side to get maximum benefit of the course.
  4. Resources given in the course.

I request you to download resources given in this lecture for smooth understanding.



This lecture is about short introduction of students and instructor.

Section 2: Fundamentals of Accounting


Welcome !

In this lecture, you will learn about following accounting basics:

  1. Benefits of accounting
  2. Objective of accounting
  3. Users of accounting


Welcome to the lecture:

In this lecture, you will learn about following principles, assumptions and objectives of accounting as per GAAP:

  1. Entity assumption
  2. Monetary unit assumption
  3. Time period assumption
  4. Conservatism principle
  5. Materiality principle
  6. Revenue recognition principle
  7. Cost principle
  8. Full disclosure principle
  9. going concern principle
  10. Consistency
  11. Comparability
  12. Reliable and verifiable


In this lecture, you will learn about following terms:

  1. Assets - Tangible assets, intangible assets, current assets, Fixed assets
  2. Liability - creditors, loans etc.
  3. Capital
  4. Revenue
  5. Expense
  6. Transactions
  7. Proprietor
  8. Documents like vouchers, bills, receipts, statements etc.



I have explained following in this lecture :

Classification of accounts :

  1. Personal account
  2. Real account
  3. Nominal account

Chart of account via excel sheet:

By this chart, you will be able to recognize class of account and recognize whether it is asset or liability.



This lecture is covering two important Concepts of accounting:

  1. Double entry system
  2. Golden rules of accounting

By this lecture, you will learn following:

  1. What is double entry system of accounting?
  2. How it works?
  3. What is accounting equation?
  4. Explanation of golden rules of accounting


In this lecture, you will understand following important points:

  1. Concept of accrual accounting
  2. Concept of cash accounting
  3. Difference between accrual and cash accounting
  4. Impact of profit due to change of accounting method via excel sheet
7 questions

This quiz is on following topics:

Fundamentals of accounting, terms of accounting, chart of account, double entry, accrual accounting.

Section 3: How to do accounting for your business or at job?
1 page


By this lecture, you will know about

  1. steps of accounting cycle and
  2. how accounting cycle works.


Everything in accounts is based on journal entries.

Learn following in this lecture:

  • How to recognize account involved in transaction and type of account?
  • How to do journal entry from transaction by using golden rules of accounting?


By taking this lecture, you will learn following points:

  • How to post opening balances in ledger?
  • How to post in ledger from journal entries?
  • Summary of ledgers so that you can post transaction directly in ledgers without doing journal entries.


In this lecture, you will learn

  • Balancing the ledgers
  • Preparation of trial balance from ledger balances.
  • General balances of ledgers.
4 questions

Quiz on accounting cycle, ledgers, trial balance.

Section 4: Financial statements and closing of accounts


You will learn following from this lecture:

  • How to do adjusting enries when some trasactions are ommited to record?
  • How to entry for outstanding or advances?

Learn to prepare adjusted balance easily.



Welcome to Final states of Accounting. By taking this lecture, you will be able to prepare profit and loss account and balance sheet ( Financial statements).



Sometimes accountant prefers to prepare worksheet before preparation of financial statements. By taking this lecture, you will be able to prepare 10 column worksheet.



By taking this lecture, you will be able to do closing entry or close account and prepare post financial statements trial balance.



This is bonus lecture. In this lecture, you will learn

  1. concept of accrual and prepayment
  2. how to do journal entries for accrual, prepayment and advance given?
  3. How to record accrual, prepayment and advances in balance sheet?
  4. How to determine right income and expense to be recorded in profit and loss account as per accrual accounting?

Hi, congratulations on completion of course !

7 questions

It will cover chapters related to financial statemens like profit and loss account, balance sheet, trial balance, closing entry and concept of accural vs prepayment.

Section 5: Exercise: Time to revise
6 pages


In this lecture, I have given exercise for your practice and revision what you have learnt.

Students Who Viewed This Course Also Viewed

  • Loading
  • Loading
  • Loading

Instructor Biography

CA Tarannum Khatri, Chartered Accountant


I am Tarannum Khatri. I am Chartered Accountant from India. Working in finance field for more than 10 years. I am also running finance site and providing online accountancy and finance service.

My motive of course making is to explain concept easily without heavy language so that students can learn easily and I become glad when my course contributes in progress of students.

Thanks for reading my biography. You can follow me on social media to connect with me.

Ready to start learning?
Take This Course