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Basics of Accounting: Learn Accounting from Scratch
1 students

Basics of Accounting: Learn Accounting from Scratch

Master Accounting Fundamentals – From Basics to Financial Statements
Created byMartin Jacob
Last updated 10/2025
English

What you'll learn

  • Understand the Basics of Accounting
  • Understand Journal, Ledger, Trial Balance, Cash Book, and Preparation of Financial Statements
  • Bank Reconciliation Statement, Accounting from Incomplete Records
  • Accounting for Partnership Firms with Different Scenarios
  • Depreciation and Amortization, Inventories, Bank Reconciliation Statement

Course content

10 sections • 27 lectures • 2h 56m total length

  • Meaning and Scope of Accounting6:33
  • Concepts and Principles8:01
  • Capital and Revenue Expenditures and Receipts7:08
  • Contingent Assets and Contingent Liabilities5:06
  • Accounting Policies5:03
  • Valuation Principles and Accounting Estimates7:07
  • Accounting Standards4:39

Requirements

  • No previous experience required, will go through the topics to gain understanding to build on

Description

Description:
Accounting is the language of business — and mastering it opens doors to countless opportunities in finance, management, and entrepreneurship. This course is designed to take you from the very basics of accounting to more advanced concepts, with a focus on both theory and practical application.

Starting with fundamental principles, you’ll gradually move into real-world topics like depreciation, amortization, inventory valuation, incomplete records, and partnership accounting. Each section is explained in simple, easy-to-understand language with examples that connect accounting concepts to everyday business situations.

By the end of this course, you will:

Understand the basic principles of accounting and the double-entry system
Learn how to record journal entries, ledgers, and trial balances
Prepare and analyze financial statements (Income Statement, Balance Sheet, and Cash Flow Statement)
Master concepts of depreciation and amortization with practical methods (straight-line, reducing balance, etc.)
Gain knowledge of inventory accounting and valuation techniques (FIFO, LIFO, Weighted Average)
Handle incomplete records accounting and reconstruct missing accounts
Learn accounting for partnership firms including:

  • Admission of a new partner

  • Retirement of a partner

  • Death of a partner

  • Dissolution of partnership firms
    Apply accounting skills in real-life business scenarios

This course is perfect for:

  • Students who are new to accounting or preparing for exams

  • Business owners & entrepreneurs who want to manage their finances better

  • Finance professionals looking to refresh their basics

  • Anyone curious to understand how businesses track and report their financial performance

No prior accounting knowledge is required.

All you need is curiosity, commitment, and a willingness to learn — this course will take care of the rest.

This course contains the use of artificial intelligence.

By the end, you’ll not only understand the basics of accounting but also gain confidence to progress into advanced accounting, auditing, and finance.

Who this course is for:

  • Beginner in Accounting, CA Foundation Students, Commerce Students

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