Accounting for Beginners : Learn Basics in under 1 Hour
4.4 (12 ratings)
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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.
1,968 students enrolled
Last updated 1/2016
English
Current price: $10 Original price: $30 Discount: 67% off
1 day left at this price!
30-Day Money-Back Guarantee
Includes:
  • 1.5 hours on-demand video
  • 3 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • 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
View Curriculum
Requirements
  • Notebook
  • Calculator
  • Willingness to complete the course
  • Excel sheet given in first lecture
Description

Hi,

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 19000+ 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.

Thanks,

Tarannum

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
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Curriculum For This Course
Expand All 20 Lectures Collapse All 20 Lectures 01:30:15
+
Warm welcome !
2 Lectures 03:42

Hi,

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.

What this course about?
02:51

Hi,

This lecture is about short introduction of students and instructor.

Lets know each other
00:51
+
Fundamentals of Accounting
6 Lectures 26:07

Hi,

Welcome !

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

  1. Benefits of accounting
  2. Objective of accounting
  3. Users of accounting
Basic introduction of accounting
01:55

Hi,

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
Learn Accounting Principles as per GAAP
05:48

Hi,

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.

Basic terms of accounting used in day to day business
05:02

Hi,

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.


Recognize Assets and liability through Chart of Accounts
06:32

Hi,

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
Learn concept of Double entry system and golden rules of accounting
01:44

Hi,

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
Learn difference between Accrual Accounting Vs Cash Accouning with examples
05:06

This quiz is on following topics:

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

Quiz on basic accounting
7 questions
+
How to do accounting for your business or at job?
4 Lectures 26:58

Hi,

By this lecture, you will know about

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

Hi,

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?
How to do journal entries - Learn easily
08:43

Hi,

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.
Preview 11:37

Hi,

In this lecture, you will learn

  • Balancing the ledgers
  • Preparation of trial balance from ledger balances.
  • General balances of ledgers.
How to balance the ledger and prepare trial balance
06:38

Quiz on accounting cycle, ledgers, trial balance.

Quiz on basic procedure of accounting
4 questions
+
Financial statements and closing of accounts
7 Lectures 26:28

Hi,

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?
How to do adjusting journal entries
03:05

Learn to prepare adjusted balance easily.

How to make adjusted trial balance
05:19

Hi,

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).

How to prepare financial statements
06:59

Hi,

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

Preview 03:43

Hi,

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

How to do Closing entries and prepare post closing trial balance
03:12

Hi,

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?
Accrual Vs Prepayment - How to deal with - Bonus
03:22

Hi, congratulations on completion of course !

Congratulations !
00:48

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.

Quiz on Final stages of accounting
7 questions
+
Exercise: Time to revise
1 Lecture 00:00

Hi,

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

Exercise for practice
6 pages
About the Instructor
CA Tarannum Khatri
4.4 Average rating
12 Reviews
1,968 Students
1 Course
Chartered Accountant

Hi,

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.