How to Understand Accounting and Bookkeeping Fundamentals
What you'll learn
- The accounting basic steps and the accounting cycle
- Debits and credits and how to use them
- Using of sales and purchase day books, posting of transactions, petty cash, cash book
- General journal, general ledger, balancing of accounts, cash book, control accounts, error corrections, adjusting entries, accruals and prepayments
- Trial balance, profit and loss account, balance sheet
- You do not need to have previous knowledge of Accounting! Your level of English language knowledge, must be on a good level, for you to understand the lessons.
Unless you understand, you will never be able to apply! You have to know the HOW and WHY of Accounting and Bookkeeping!
Let me ask you a question! Do you struggle to understand and use the various Accounting and Bookkeeping principles and concepts? Do you find difficult to understand how debits and credits work, and how to use them correctly? Perhaps you struggle to understand and use, other parts of the Accounting and Bookkeeping system, like adjusting of entries, prepayments and accruals, posting of transactions, general Ledger, the cash book, bank reconciliation, or some other parts of the Accounting and Bookkeeping? You are not alone!
The thing is, if you continue to study Accounting or Bookkeeping, or if you try to use in practical way your Accounting or Bookkeeping knowledge, but you still struggle to understand how they work, or how to use them in practice correctly, you will not progress very much, and will continue to find that difficult and struggle in the future! Perhaps it will become more difficult for you to understand them while you try to find more and more explanations of how they work, and how to use them.
But there is a solution for all that Accounting and Bookkeeping dilemma in your life, and I believe you have come on this page, for that solution. There are plenty of videos, books and information out there, on the Internet, and Youtube, about Accounting and Bookkeeping, but not every one of them, will help you understand how Accounting and Bookkeeping work, and yet of course, there are some, which are very good, and will help you understand, Accounting and Bookkeeping.
There are many people who have used some study materials about Accounting and Bookkeeping, which they found to be helpful for them, to progress in their studying and understanding of Accounting and Bookkeeping. You have to find those materials, which will help you understand! I believe that, this course here, will help you to do that! That is one of the reasons, why I have presented it here!
Why should you take this course? Because, at the end of the course, if you decide to take it, it will help you if you are:
Business person to know and understand, why and how things happen financially, in the various parts of your business.
Qualified Accountant or Bookkeeper to brush up your Accounting and Bookkeeping skills!
Student studying for an Accounting or Bookkeeping qualification, to be able to pass your exams at College or University.
This course will show you and help you to understand, HOW the Accounting and Bookkeeping basics and principles work, so that you will know, and be able to use them in practice. Unless you know, and understand, HOW the Accounting and Bookkeeping basics and principles work, you will not be able to apply them in practice.
Although, there are no examples of how to use Accounting and Bookkeeping in this course, because this course is about explaining the basics, what matters is that you understand. Once you understand what you are studying, it will be easier to remember for the long term. It is difficult to remember something, if you do not understand it. Once you understand the basics principles of Accounting and Bookkeeping, you will be able to apply them, in practice! Accounting and Bookkeeping is about understanding a system, and how that system works. This course will help you do that!
If you do understand, the rest is just easy to apply.
IN THIS COURSE YOU WILL LEARN HOW TO:
use source documents.
in the day books, and the journal.
use debits and credits.
use the petty cash book.
use the cash book.
use the chart of accounts.
use the general ledger
and the sales and purchase ledger.
prepare a trial balance and correct errors.
adjust entries for accruals and prepayments.
prepare adjusted trial balance.
use the trading account
prepare a profit and loss account.
prepare balance sheet.
use control accounts.
You will find quizzes, after each of the lectures, to help you find out, how your understanding of the course is progressing, and to check, if you need to review, some of the lectures. You can take only one of the quizzes after studying some of the lectures, or, you can try all of the quizzes, after each lecture.
Who this course is for:
- Beginner learners of Financial Accounting. The course is to help you as a student of Financial Accounting, to understand its principles and basics.
- This course will help you to know, how to use each of the basic fundamental steps of the Financial Accounting.
- For accounting students, for people studying for exams at AAT, ACCA, ACA, and other accounting course providers.
- For any business people. The course will help you to understand better, what is going in your business and finances.
- For Accounting and Bookkeeping learners on the Intermediate level.
Deyan is qualified in Financial Accounting, from various colleges and education organisations, in the United Kingdom, which include ABC Awards, NCFE, Stonebridge Associated Colleges, Brentwood College, Step Ahead, and others.
Deyan has an experience of teaching Accounting online.
The Accounting and Bookkeeping qualifications of Deyan include:
✓ Certificate Xero Accounting and Bookkeeping QLS Level 7
✓ Diploma Accounting Management CPD Level 6.
✓ Diploma Accounting and
Finance Level 4.
✓ Diploma Accounting and
Bookkeeping CPD Level 3.
✓ Business Accounting Diploma.
✓ Accounting with Computers Certificate.
✓ Sage 50 Accounts Certificate.