2020-21 Updated : Bookkeeping & Accountancy Complete Course
4.2 (200 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
2,436 students enrolled

2020-21 Updated : Bookkeeping & Accountancy Complete Course

Basic to advance Bookkeeping & Accountancy course for professionals & students. Learn Bookkeeping with easy methods.
4.2 (200 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
2,436 students enrolled
Last updated 5/2020
English
English [Auto]
Current price: $23.99 Original price: $34.99 Discount: 31% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 16 hours on-demand video
  • 25 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
Training 5 or more people?

Get your team access to 4,000+ top Udemy courses anytime, anywhere.

Try Udemy for Business
What you'll learn
  • What are the fundamentals & Basic concepts to learn accounting
  • Book-keeping and Accountancy
  • What is a procedure to prepare financial statement of a sole proprietor
  • How to do accounting of partnership firms, Non-profit Organisations, Bill of exchange plus accounting from incomplete records?
  • Company accounting
Requirements
  • No prior knowledge required
  • One should know how to do calculations
Description

Use Coupon Code: AUGUST for 30% Discount.

Learn basic & advanced bookkeeping & accountancy rules with our complete Bookkeeping & Accounting course.

Book Keeping involves recording of financial transactions in various accounting books whereas the accounting process involves recording, interpreting, classifying, analyzing, reporting and summarizing financial data. Recording financial transactions is the first part of  the foundation of the accounting process. Here we will understand the fundamentals and the entire process of accounting for a sole proprietor.

Also, there are various types of business organisations who wants to get there accounting done here is the detail breakdown of such organisations.

The one who has two or more individuals engaged in an enterprise as a co-owners the organization is known as partnership firm

It is important then to have a proper guidelines for partners, An agreement to know the terms and understand how the accounting is done to be able to make sound business decisions

And the organisations like non profit concerns

Even though a they doesn’t aim for profit they do require to maintain accounting so that they can track how much funds they’ve received and 

from what sources and where is the money being utilized,etc.

Plus Small scale businessmen or professionals might use a simpler way to keep their accounting records which we will understand in the single entry system of accounts.

We are also going to learn accounting of joint stock companies

And bills of exchange this is a negotiable instrument used in the credit system of accounting.

This Accountancy for beginners course consists of simple and logical explanatory videos on each of the  mentioned topics along with some problem solving sessions and fun quiz videos that will test your knowledge on the subject. It also includes assessment tools in PDF format which contain a summary on the topic along with practice questions and solutions.

-What you will learn? 

I. All the basic fundamentals of accounting 

II.and detailed process of preparing financial statement of a sole proprietor.

III. Entire Partnership Accounting 

IV. Accounting For Non Profit Organisations

V. Accounting For Incomplete Records (Single Entry System)

VI. Accounting of Negotiable Instrument - Bill of Exchange

VII. Accounting of Companies

This course consists of simple and logical explanatory videos on each of the  mentioned topics along with some problem solving sessions and fun quiz videos that will test your knowledge on the subject. It also includes assessment tools in PDF format which contain a summary on the topic along with practice questions and solutions.

-Who can take this course?

This course is beneficial to you weather you are a student, professional or businessman who wants to have proper knowledge of all the fundamentals of accounting. also this course is suitable for both boards of students. (CBSE and Maharashtra state board students).

-Benefits of taking this Course:

On completion of the course, your foundation on accounting will be stronger. You will understand the fundamentals of accounting and the entire process in which a sole trader would maintain his accounting records also one will understand the accounting of different types of business organisations with the help of:

Explanatory videos ensures complete concept understanding.

Problem solving sessions & Downloadable resources helps in applying your knowledge to solve various problems.

Quiz video helps in testing your knowledge.

This course will prove beneficial in learning any other higher level accounting chapter as well because the basics always remain the same.

In short it is an interesting course fulfilling all the student's needs.

So hurry up and enroll now!

Who this course is for:
  • Students who wish to learn every detail of accounting
  • 11th and 12th students
  • Professionals
  • HSC students
  • CBSE students
  • Anyone who wants to have a through knowledge of the same
Course content
Expand all 101 lectures 15:46:45
+ Fundamentals of accounting
15 lectures 01:45:16

This introduction to accounting lesson explains through an example of two neighbors why it is essential to maintain accounting records. 

You will also understand; 1. What is the difference between book keeping and accounting 2. Why should you learn accounting 3. Some of its uses and application

Learn accounting in easiest way. 

Preview 05:30

This will help you to understand different common terms used in accounting like capital,proprietor,fixed assets, goods, purchases, sales, creditor, debtor and the differences between them.

Preview 06:50

This session will help you to understand,

What is the need for GAAP and what exactly is GAAP?

Also, Simple examples to explain need and meaning of 

-Entity concept and 

-Going Concern Concept

Entity|Going Concern Principle|Generally Accepted Accounting Principles (GAAP)|1
08:58

In this session, we have used Simple examples to explain, 

-The need and meaning of;

  • Money Measurement Concept and 

  • Cost Concept

Money Measurement|Cost Principle|GAAP|2
03:39

In this session we focus on what do we understand from the revenue recognition concept and the objective evidence concept in accounting? and 

How is it applied?

Revenue Recognition|Objective Evidence Principle|GAAP|3
06:45

We will see why do we need to follow the dual aspect concept in accounting and what is the difference between single entry system and double entry system.

Dual Aspect|Matching Principle|GAAP|4
07:10

This session will help you understand  the Accounting Period Concept or the Periodicity Concept in Accounting Principles, the difference between the calendar year & Financial Year.To add relevance, reliability and comparability throughout the behavior of all accountants globally, accountants follow these accounting concepts in all their activities, thus we have given a revision exercise at the end on all of the accounting principles.

Accrual Basis|Cash Basis Principle|GAAP|5
08:34
Accounting Period Principle|Revision of All Accounting Principles|GAAP|6
06:43

In this video we will see what is the difference between accounting principles and accounting conventions. The 4 conventions Materiality, consistency, conservatism and full disclosure are explained with examples

Accounting Conventions|GAAP|7
09:36

For a better grip on your concepts and a bit of revision, we have 

this fun and interesting exercises.

So, answer before the timer ticks off! Have fun!

Quiz on All The principles & Conventions
05:34

For a better grip on your concepts and a bit of revision, we have 

this fun and interesting exercises.

So, answer before the timer ticks off! Have fun!

Quiz on All The Principles & Conventions
06:04

This video explains the understanding of an account & what is the need to classify them. Also you will know how accounts are classified / Organized into three broad categories Real, Nominal and Personal Accounts.

Classification of Accounts|Real|Personal|Nominal
09:58

Here's a fun and interesting quiz for you based on classification of accounts! We hope you enjoy it.

Quiz on Classification of Accounts
03:36

This video explains the basic Debit & Credit concepts & the 3 golden rules of accounting based for Real, Nominal and Personal Accounts.

Golden Rules of Debit & Credit
09:39

The Accounting Equation is the foundation of double entry system of accounting.  Learning Objectives:-  

1. What is balance sheet    

 2. The accounting equation: Assets = Liabilities + Shareholder Equity.   

 3. Balance sheet statement overview (position of a company                                     

4. Effects of different transactions on balance sheet through accounting equation                      

So whether you are an accounting student, bookkeeper or MBA candidate with a finance subject, you should find value in this lesson.

Accounting Equation
06:40
+ Process to prepare Financial Statement of a sole proprietor
36 lectures 04:47:59

This video gives you a broad idea of how the entire process is followed right from collecting the source documents till preparing the financial statement. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements. Broadly, entire accounting cycle is completed in three easy stages :- 

1st is collecting data then 

2nd is recording & transferring in various books & 

the last is finalizing them. 

This process is generally followed by every organization, which helps them in making important decisions efficiently.

Glimpse of Procedure to prepare financial statements
09:51

In this video the general format of basic source documents like 

- Purchase invoice and purchase order - Cash and credit memo- debit and credit note and the difference between the two - Receipt and vouchers  are explained along with the reason why and when each document is used.

Source Documents -1|Receipt & Payment Vouchers|Credit and Debit Notes
11:10

This explains the differences between Bearer, Order, Crossed, A/c payee cheques & some other frequently used bank documents like Deposit and Withdrawal Slips, Bank advice note and bank statement.

Source Documents - 2 |Bank Documents
07:42

Journal is a record that keeps accounting transactions in chronological order, i.e. as they occur.  This tutorial will help you understand:
1.How to prepare journal
2.What are its features
3. How to record different business transactions in it
Basic entries like cash and credit sales, purchases, capital, expenses paid are covered.
To learn journal you have to have a strong understanding of 
Debit and credit and golden rules of accounts
Classification of accounts

Introduction to Journal | Recording of Transactions in Books
10:32

This is continued session of How to pass journal entry.

This video tutorial focuses on important journal entries which are frequently asked in examinations like

1. Trade discount & Cash Discount 

2. Goods distributed as free samples 

3. Insolvency 

4. Bad debts/Losses 

5. Dishonor of Cheque. 

It covers all the entries with reasons as to why to debit or credit the accounts for these basic transactions. This video is a great way for beginners to gain accounting knowledge.  To learn journal you have to have a strong understanding of  Debit and credit and golden rules of accounts Classification of accounts.

Journal Entries | Accounting entries of Recorded Transactions
10:24

This fun quiz will help you revise and test your knowledge on basic accounting entries(journal entries). Answer before the clock ticks off! Enjoy!

Quiz on Journal Entries
05:15
Mistakes to Avoid in Journal Entries
02:53

This session Covers; 

-Meaning, Need and types of subsidiary books.

-Comparison between journal to ledger and subsidiary to ledger

Introduction To Subsidiary Book
07:10

Here we will learn What is Cash Book , Its Importance & Types :

1) Single Column / Simple Cash Book

2) Double Column Cash Book


Cash Book - Types of subsidiary books
11:41

This video explains what is petty cash book & its need, what are the types of petty cash book & how to record transactions in petty cash book.

Petty Cash Book - Type of Subsidiary books
07:25

This video explains the importance of journal and how to record different business transactions in it.

Broadly Covers need for ledger, format, posting of transactions in ledger & balancing ledger accounts.

Ledger | Transferring transactions from Primary Books
11:05

Check out our video on Bank Reconciliation statement which covers why and how we prepare BRS statement by comparing Bank book/ cash book to pass book / bank statement

Bank Reconciliation statement | Comparison of Bank Book & Cash Book
08:04

Take part in this test on Bank Reconciliation Statement. It will make your understanding on the topic even stronger and the Tips given to answer these questions will help you to quickly analyze and solve many questions on BRS.

Quiz on Bank Reconciliation Statement - 1
03:38

Here's a practice session based on bank reconciliation statement! It's challenging and fun... Try it out!

Quiz on Bank Reconciliation Statement - 2
03:44

Take part in this interesting quiz on Bank Reconciliation Statement..

Find out whether to Add or Less these items on our bank reconciliation statement to find the balance as per passbook! This is great for revising your concepts too.


Quiz on Bank Reconciliation Statement - 3
04:57

This Video explains the need & Importance of preparing Trial Balance & Posting ledger balances in Trial Balance.

Trial Balance | Finalizing of Ledger Balances
10:09

This video explains,

-Need & Concept of depreciation in Accounting, 

-How to calculate depreciation & 

-How it is recorded.

Depreciation - Adjustments in financial statement
05:20
Deprecation - Accounting Treatment
06:28

Answer these questions on depreciation before the timer ticks off and test your understanding on the subject. Have fun!

Quiz on Depreciation
04:00

Through this session you will understand,

-Why provisions and reserves are made and  

-What is the difference between the two. 

Also we will see the different types of reserves.

Provisions & Reserves - Adjustments in financial statement
08:05

Many times we make mistakes unknowingly in our accounting books, so in this session we will learn how to rectify them such that our statements show a true & fair view.

Errors & Rectification - Adjustment in financial statement
11:09

Take part in this fun and exciting quiz on the chapter Errors and Rectification. Test yourself and see how many you get right.

Quiz on Errors & Rectification
02:58

This session will give us a broad understanding of the importance of closing stock.

We will go through the following points :

1. Meaning & Introduction  

2. Stock Ledger  

3. FIFO Method / Weighted Average Method 

4. Recording Closing Stock

Closing Stock - Adjustments in financial statements
08:44

In this session, we will learn through different practical situations the meaning, the entries and adjustments related to bad debts.

Bad debts - Adjustment in financial statements
10:56

Learn Different types of adjustments, Such as :

1) Prepaid Expenses 

2) Outstanding Expenses

3) Accrued Incomes 

4) Advance Income

5) Difference between the terms 'due for payment' and 'accrued'

Adjustments in Financial statements | Incomes & Expenses
12:03

Lets revise our knowledge on different adjustments in accounting with the help of this quiz.

Quiz on Adjustments in financial statements
05:13

In this video we will learn the need to prepare financial statements or final accounts and the format in which it is made. The different components and differences are explained.

Financial Statements - 1 | Format of Financial Statement
11:38

In this video we will learn posting/recording of each account from the TRIAL BALANCE to the FINAL STATEMENT.

Financial Statement - 2 | Recording of Balances in Statements & Accounts
11:00

In this videoTake part in this fun and exciting quiz on the chapter Final Accounts. Test yourself and see how many you get right.

Quiz on Financial Statements -1
04:20

Get ready for a unique practice session/quiz. From the given information and financial statements we will prepare a trial balance! Let's see f an get them all right before the timer ticks off.

Quiz on Financial Statement - 2
04:54

This video explains how to read & interpret financial statement in a simple language with the help of comparison between financial statements of two Business / Companies.

Reading of Financial Statement
10:16

Here's an interesting and practical financial statement analysis case. Let's get on to this mission together to find out whether this is a big fraud.

Comparing & Analyzing two Financial Statements
11:07

In this session we will be completing a financial statement & recording adjustments from the limited information provided.

Finding missing information by comparing Financial Statements
08:51

Let's analyze the statements together and see if we can fill in all  the missing figures.

Deriving Missing financial Statement from available information
09:14

Another Art of Accounting Analysis video where we will trying to prepare a cash bank summary for missing record of 1 year from given financial statements.

Deriving Cash/Bank Summary from 2 years statement
08:04

This is a fun quiz based on the whole accounting cycle. Answer before the timer ticks off! Have fun!

Quiz on Whole Accounting Cycle
07:59
+ Patnership accounting
19 lectures 02:49:46
  • This video explains different business organizations namely,

    -Sole proprietorship,

    -Partnership Firm and

    -Joint stock company & their main features which distinguishes them.



Types of business organisations
09:10

This video explains the following concepts :

1) Basics of Partnership

2) Adjustments in Capital Accounts

3) Presentation of Profit & Loss Accounts

4) Methods of Capital Accounts

Introduction to Partnership Firm
10:08

Problem solved on Partnership Final Account covering simple transaction recording and basic adjustments.

Patnership final Accounts Problem Solving 1
11:38
Partnership Final Account Problem Solving 2
13:48
Mistakes to avoid in partnership final account
06:04

Learn how the accounts are to be presented and the different adjustments on admission of a partner like,

-Profit sharing ratio

-Capital contribution

-Goodwill calculation

-Calculation of revaluation profit or loss

Admission of a Partner | Reconstitution Of Partnership Firm
10:10

With the help of this video we will learn " Problem Solving on Admission of a Partner" in the easiest way.

Admission of a Partner | Problem Solving 1
08:55
Admission of a Parner - Problem Solving 2
10:05

In this session we will learn through simple examples, the different adjustments on retirement/death of a partner.

It covers,-Treatment of goodwill

-Revaluation of assets and liabilities

-Profit and loss adjustment and calculation of gain ratio.

Retirement Of a Partner | Reconstitution of Partnership Firm
06:42

In this session we will understand through an example how accounting is done for retirement/death of a partner.

Retirement Of a Partner | Problem-Solving 1
03:46
Retirement Of a Partner | Problem Solving 2
10:12

In this session you will learn how to calculate,

-Gain ratio, 

-Sacrifice ratio & 

-New profit sharing ratio in different scenarios.

Calculation of Profit Sharing Ratios
09:26

Here's a little quiz based on Profit sharing ratios! It's challenging and fun... Try it out!

Interesting & Challenging Quiz | Profit Sharing Ratio
06:00

Get your answers to,

1. What is goodwill?

2. Why is there a need to value goodwill?

3. How to value goodwill?

Valuation of Goodwill
12:15

A Quick Review on "Valuation of Goodwill" Take this interesting quiz to further enhance your knowledge on the topic

Interesting & Challenging Quiz | Valuation of Goodwill
07:16

This Video Explains How to Record Goodwill in the Firm's Books of Accounts,

-At the time of admission and

-Retirement of a partner.

Accounting Treatment of Goodwill
11:24

A Quick Review on "Accounting Treatment of Goodwill" Take this interesting quiz to further enhance your knowledge on the topic.

Interesting & Challenging Quiz | Accounting Treatment of Goodwill
04:21

This video will give you a broad understanding on what is dissolution and the process or different steps taken on dissolution

Dissolution of Partnership Firm
11:14

In this session we will understand through an example how accounting is done at the time of Dissolution of Partnership Firm.

Dissolution of Partnership Firm - Problem Solving
07:12
+ Accounting for Non Profit Organisation
5 lectures 01:43:41

In this session we will learn,

-How Non-Profit Organisation is different from Profit making Organisation,

-How their accounting books are maintained and the difference between Capital Income/Expenditure and Revenue Income/Expenditure

Introduction to Non-Profit Organisations
08:57
Capital vs Revenue Expenditure vs Deferred Revenue Expenditure
04:47

Problem solved on Non Profit Organisation covering simple transaction recording and adjustments like

-Donations,

-Subscriptions and

-Outstanding-Prepaid expense or income.

Non-Profit Organisations - Problem solving 1
06:53

Problem solved on Non Profit Organisation covering simple transaction recording and adjustments like

-Donations,

-Subscriptions and

-Outstanding-Prepaid expense or income.

Non-Profit Organisations - Problem solving 2
34:25

Problem solved on Non Profit Organisation covering simple transaction recording and adjustments like

-Donations,

-Subscriptions and

-Outstanding-Prepaid expense or income.

Non-Profit Organisations - Problem solving 3
48:39
+ Accounting from Incomplete Records
5 lectures 01:04:24

This session covers:

-Single Entry System(Introduction),

-Recording of Events,

-Limitation, Single Entry Vs Dual Entry,

-Problem Solving of the same.

Single Entry System - Basic
07:42
Single Entry System - Conversion Method
09:11

With this video you will be able to solve questions based on single entry system 

Single entry system - Problem Solving 1
10:07

With this video you will be able to solve questions based on single entry system

Single entry system - Problem Solving 2
19:44

With this video you will be able to solve questions based on single entry system

Single entry system - Problem Solving 3
17:40
+ Accounting of Bill of Exchange
6 lectures 01:13:45

This session explains the following points : 

-What is Bill of Exchange? 

-General Terms & Importance. 

-Terms of payment dates. 

-Acceptance of Bill

Introduction to Bill of Exchange
08:01

Take part in this fun and exciting quiz on the chapter Bills of Exchange. Test yourself and see how many you get right!

Interesting & Challenging Quiz | Bill of Exchange
05:15

Learn accounting entries from Drawers perspective Like,

-How transactions are recorded when bills are drawn, accepted and retained, discounted or sent to bank for collection.

-Further, what happens when they are honored or dishonored.

Learn accounting entries from Drawers perspective Like,

-How transactions are recorded when bills are drawn, accepted and retained, discounted or sent to bank for collection.

-Further, what happens when they are honored or dishonored.

Accounting Entries of Bill of Exchange - 1
08:51

Continued entries in the Drawers book like,

-Endorsement & Retirement of Bill of Exchange.

-Also all the accounting entries in the books of Drawee.

-and a quick revision on bill of exchange

Accounting Entries of Bill of Exchange - 2
09:55
Bills of Exchange Problem Solving 1
18:58
Bills of Exchange Problem Solving 2
22:45
+ Accounting of Companies
15 lectures 02:21:54

A joint-stock company is a business entity in which different stocks can be bought and owned by shareholders.

What is it exactly? Here is a video explaining all you need to know about company..

Details inculded are:

1. What is Joint Stock Company & its Features

2. What are advantages & Limitations of Joint Stock Company

3. The procedure to incorporate Joint stock Company and the types of joint stock companies.

Introduction to Joint Stock Company
08:10

This session will help you to understand Through which sources companies can raise their funds or capital,

It Covers :

A Glimpse of What are;

- Shares - Debentures - Types of Shares - Types of Preference shares - Issuing of Shares.

Sources of Funds | Shares | Debentures
09:08

This session will give you an insight into the basic procedure of issuing shares by a company covering the different stages namely, prospectus, application stage , allotment stage & calls. It also covers basic journal entries related to issue of shares.

Issue of Shares - Accounting Entries - 1
09:55

This session will help you understand the concept and entries of under subscription and over subscription of applications when shares are issued at par. Cases for calls received in advance and calls in arrears are also explained with their journal entries

Issue of Shares - Accounting Entries - 2
11:09

With the help of this video you will be able to solve problems based on issue of shares

Issue of Shares - Problem Solving - 1
10:56

With the help of this video you will be able to solve problems based on issue of shares

Issue of Shares - Problem Solving - 2
09:30

With the help of this video you will be able to solve problems based on issue of shares

Issue of Shares - Problem Solving - 3
12:00

Learn how the forfeiture and Reissue of shares gets done

Forfeiture and Re-issue of shares
06:54

With this video you will be able to solve questions based on Forfeiture of shares

Forfeiture & Re-issue of Shares - Problem Solving
08:43

Debentures are a debt instrument issued by a company on which fixed interest is given.

Learn more about debentures,

-Their features and different types based on factors like convertibility, redeemability, security, priority and transferrability in this session.

Introduction to Debentures
12:37

This video explains,

How the accounting of Irredeemable debentures gets's done. Right from its issue process till the entries passed in the books of accounts at the time of application, allotment & final call stage.

So it includes, *Process of Issuing Debentures *Accounting Entries when debentures issued at Par, Premium & Discount -For cash -For consideration other than cash -As a collateral security

Accounting Entries of Debentures
10:55

With the help of this video you will be able to solve problem based on issue of debenture.

Issue of Debentures - Problem Solving
05:21

With the help of this video you will be able to solve problems based on issue of shares

Shares/Debentures - Consideration other than cash - Problem Solving
08:47
Redemption of Debentures
10:47

With the help of this video you will be able solve problem based on redemption of debentures.

Redemption of Debenture - Problem Solving
07:02