What is Accounting?4:16
Users of the Accounts5:02
Financial Statements6:16
Book-keeping vs Accounting4:31
Distinguish bookkeeping from accounting by contrasting recording transactions with providing financial insights through classifying data into income statements, cash flow statements, and statements of financial position.
Financial Accounting vs Management Accounting10:01
Asset, Liability, Equity, Income and Expenses (Elements of Accounts)24:58
Calculate Profit / Loss9:21
Compute profit or loss by comparing income to expenses, as $100,000 income with $70,000 expenses yields $30,000 profit, and $80,000 income with $90,000 expenses yields $10,000 loss; record annual rent.

Prime Entry Books - Overview22:19
Prime Entry Books - Cash Receipt Journal24:49
This lecture introduces prime entry books, focusing on the cash receipt journal, its columns, and how January transactions like capital, loan, cash sales, and trade receivables are recorded.
Prime Entry Books - Cash Payment Journal21:37
Learn to record cash payments in the cash payment journal, manage cash purchases, trade payables, expenses, other payments, discounts, and asset purchases, and transfer totals to ledger accounts.
Prime Entry Books - Petty Cash Journal22:46
Learn how to maintain a petty cash journal under the imprest system, recording small expenditures and non-expenditure postings with vouchers, and reconcile opening balances.
Prime Entry Books - Purchase Journal11:27
Prime Entry Books - Sales Journal9:44
Record credit and cash sales of trading goods in the sales journal, detailing customer, invoice, folio, and amount, then post totals to sales ledger and general ledger as a double-entry.
Prime Entry Books - Purchase Return Journal10:46
Prime Entry Books - Sales Return Journal7:56
Record sales return transactions in the sales return journal, including credit notes, dates, customers, and folio references. This process reduces sales and trade receivables in the primary book and ledger.
Prime Entry Books - General Journal14:22

Requirements

Accounting knowledge is not required, because you will learn from the beginning.

Description

About the Course

Through this course, you will get a comprehensive knowledge in basic accounting concepts
Highly suitable for the students who are expecting to do ACCA/CIMA/CMA/CA/AAT/Cambridge/Edexcel exams
The question-based explanation for better understanding
Well structured teaching flow
End of this course you will have a comprehensive knowledge on basic accounting concepts and you can have a kick start for advanced accounting
No need to have any accounting knowledge to start this course because this course will cover everything from the beginning

Areas Covered

Suitable for

What you will get

About the Lecturer

I have been teaching ACCA, CIMA, Cambridge, Edexcel Curriculums and other accounting qualifications for plenty of years.
Well known among the students for formulating an easy and logical explanation for any complex concept, theory or calculation.
I have produced several World Prize Winners and Country Prize Winners in ACCA qualification.