Accounting 105 - Profit & Loss Statements & Balance Sheets
What you'll learn
- Students will be able to create Profit & Loss Statements and The Balance Sheet
- Students will be able to understand the important financial statements
- Students should be able to work as Book keepers with some practice
Requirements
- You should be able to use the computer at a basic level
- Accounting 101 - The Principles Of Accounting
- Accounting 102 - The Ledger & The Trial Balance
Description
Principles Of Accounting:
"Accounting 105 is the 5th and Last Part out of a series of Accounting Courses that are designed to help the complete beginner, go on to master the basics concepts of accounting and move on step by step to become a professional accountant!
Students can further their knowledge of key accounting concepts which they can use in their full time employment goals or even can use this series to pick up freelance jobs to earn passive income by maintaining/completing book keeping entries for others via freelance websites
The course is not just theory but also takes real life examples and walks you through the accounting process. It is meant for students who would like to grasp the accounting concepts in an easy and fun learning environment.
This is a slow moving course. Please do not expect me to move fast since it is designed for the beginner student. Those students who are already aware of accounting concepts should take a more advanced level course instead.
Course Outline:
In this course we are going to learn about the basic accounting principles of:
Calculating Sales & Net Sales
Calculating Purchases & Net Purchases
Finding the Cost of goods sold
Calculating the Gross Profit
Calculating the Net Profit
Creating the Profit & Loss Statement
Creating the Profit & Loss Statement with year end adjustment entries
Current Assets vs Non-Current Assets
Creating the Balance Sheet From Scratch
Using and building a template to create P&L Statements and the Balance Sheet
Solidify your knowledge through Practice Questions and check your answers
Having completed the entire series students of the proper age would be able to take up entry level jobs as book keepers, however students would have to practice these concepts again and again externally so that they can grasp real world applications quickly.
Other Courses:
The other parts of this Accounting Series are as follows:
Accounting 102 - The Ledger & The Trial Balance
Accounting 103 - The Special Journals & The Subsidiary Ledgers
Accounting 104 - Bank Reconciliation & Correction Of Errors
Who this course is for:
- Anyone looking to learn Accounting as a Beginner
- Those looking to make passive income taking on freelance jobs
- Those looking to grow their accounting skills & obtain higher level of understanding of accounting concepts
Instructor
- 4.5 Instructor Rating
- 10,158 Reviews
- 128,726 Students
- 24 Courses
Hi, I'm Shakir. I am a businessman / investor / trader.
I own several businesses that run professionally. This gives me spare time to trade the financial markets which I have been doing the past 15 years now. I must admit I found it challenging at first! Over these years I have studied the markets from a variety of sources... I have trained under expert traders, picked up trading skills from a vast library of books, analysed almost every kind of pattern that exists, and have settled down with a firm & calm understanding of how to trade. It has now come to be more of a passion to me.
I love to learn, create and develop new ideas. I like to learn out of curiosity and for the love of learning something new. This help us all grow our creativity. So join me in this quest and lets learn, create, and explore the world around us together!
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