Accounting - The 6 most important rules you must learn
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Accounting - The 6 most important rules you must learn

Learn all six of the most important Accounting rules applied at all levels of Accountancy (from beginner to advanced)
0.0 (0 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.
0 students enrolled
Created by Anthony Ford
Last updated 5/2017
English
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Current price: $10 Original price: $20 Discount: 50% off
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Includes:
  • 1 hour on-demand video
  • 9 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • This course teaches the six most important accounting rules that are applied at all levels of Accountancy. You will learn what each of the six rules are and you will be able to identify which accounts will follow a specific rule. You will learn what the definitions are for each rule and how it can be applied.
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Requirements
  • Professional/Business English (proficiency in understanding vocabulary relating to business)
Description

Master the six most important Accounting rules by understanding the basic principles. You will be introduced to the background of Accounting and you will learn the definitions for the six most important Accounting elements that are used fundamentally at all levels of Accountancy.

Even if you have no prior knowledge or understanding of Accounting, this course will provide you with the most important Accounting basics. At the end of the course, you will be able to describe the definitions of the most important universal Accounting elements. You will also be able to classify any specific account according to the Accounting elements and you will know which Accounting rule to apply.

This course was designed for everyone from any background who wants to learn the most important Accounting rules. Whether you're a beginner starting to learn Accounting or an advanced student becoming a chartered accountant, you will need to know these most important Accounting rules.

Who is the target audience?
  • Students, Entrepreneurs, Managers, and anyone who wants to learn the most important accounting rules. This course is suited for anyone who does not have a background in accounting but wants to learn what the most important rules are for understanding accounting at any level (basic to advanced)
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Curriculum For This Course
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Introduction
1 Lecture 02:35

Welcome. Thank you for attending this course. We trust you will be able to gain more knowledge relating to the six most important accounting rules in this course. In this video, we will introduce the course and its objectives.

Preview 02:35
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Course Content
7 Lectures 37:51

We discuss what is accounting and we explain why it is important.

Accounting is a language for understanding financial information.

We discuss why accounting is needed for decision-making purposes.

We provide a simple diagram to explain how transactions translate into financial information

Preview 06:39

A quiz testing your understanding of what accounting is and why is it important. Short questions testing the background of accounting

Background on Accounting
2 questions

We outline all of the six important rules. We explain what a debit and credit is. We discuss the importance of knowing the rules (increase/decrease for specific accounting elements)

Preview 07:16

We explain what the definition for an Asset is and we discuss examples

What is an Asset?
06:25

We explain what the definition for a Liability is and we discuss examples

What is a Liability?
04:48

We explain what the definition for an Income is and we discuss examples

What is Income?
03:47

We explain what the definition for an Expense is and we discuss examples

What are Expenses?
05:16

We explain what the definitions are for Capital and Drawings and we discuss examples

What is Capital & Drawings?
03:40

Testing the definitions of the most important accounting rules (elements)

Do you know your definitions?
6 questions
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Final thoughts & summary
1 Lecture 05:05

Final summary focusing on the six most important accounting rules for any level of accounting (basic to advanced). All accounts can always be identified as following one of the six most important rules.

Summary & Conclusion
05:05

Test your understanding of the 6 accounting rules by correctly identifying the accounting element that is applicable to a specific account

The 6 most important accounting rules
15 questions
About the Instructor
Anthony Ford
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Academic | Teacher | Lecturer

Anthony has a passion for continuous learning and loves reading non-fiction books. Simplifying complex topics and ideas to make them easy to understand is what Anthony does best! He continues to make a difference by helping students achieve distinctions in the subjects he has lectured.

Anthony holds a postgraduate degree of a Bachelor of Commerce Honours (in Financial Planning) and a Bachelor of Accounting Science undergraduate degree. His corporate experience gained is primarily from the banking industry and related to financial planning and accountancy. He has experience in the education industry obtained from positions held as a lecturer, educator/teacher, coach, facilitator and tutor.

Anthony is keen to explore innovative ideas, new information and thinking on financial education, forex trading, investments, financial planning, asset management, technology, music, movies, entrepreneurship, skills development, continuous learning and development