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2021-03-17 09:03:00
30-Day Money-Back Guarantee
Finance & Accounting Accounting & Bookkeeping Bookkeeping

Business Accounting Basics And Personal Accounting

Gain gold skills in the field of business accounting basics and personal accounting (personal finance)
Rating: 4.3 out of 54.3 (38 ratings)
4,714 students
Created by Viktoria Nedelcheva
Last updated 2/2021
English
English [Auto]
30-Day Money-Back Guarantee

What you'll learn

  • Difference between bookkeeping and accounting
  • Assets, liabilities and owners' equity
  • Expenses and revenues
  • Prepaid expenses and unearned revenues
  • Transactions
  • Accounts
  • Double-entry accounting system
  • Accrual accounting sysytem
  • Debit-Credit language
  • Recording business transactions
  • Sale
  • Purchase
  • Cash discount
  • Trade discount
  • Personal finance
  • Net worth
  • Housing expenses
  • Utility expenses
  • Food expenses
  • Credit cards
  • Clothing expenses
  • Personal income
  • Emergency fund
  • Health insuarance
  • Savings on retirement
  • Budgeting
  • Budget software

Requirements

  • No prerequisites

Description

This course is an interesting combination of business accounting basics (bookkeeping) and personal accounting basics (personal finance). It is something like a course that consists of two sub-courses.  This way you are able to improve your skills in two fields - business language and personal finance. Keep reading to understand what you are going to learn in both subcourses.

The first sub-course is your first big step to your business accounting journey. It is designed for all people who want to speak the business language.

With easy-to-follow animations and explanations, the course will help you to gain the gold skills that you need to do a good bookkeeping job.

In case you have already some bookkeeping knowledge, the course can be used for refreshing your bookkeeping and accountancy expertise.

You will be surprised how beneficial this course is and how many things you will learn. The secret to the success of the course is that it consists of different learning resources:  videos with theory and examples, quizzes, and exercises with explanations.

Using all these learning forms you’ll become familiar with the main accounting terms and rules of recording the most common business transactions.

The second sub-course relates to Personal accounting (personal finance). Personal finance plays a significant role in the process of building financial freedom. Having the necessary personal finance literacy will help you to eliminate any financial uncertainty and build your bright financial future.
Some people struggle with understanding personal finance essentials because of a wide variety of terms. Therefore, I designed this simple and easy-to-follow course devoted to personal finance.
The first part of the sub-course explains essential terms related to personal finance. They are necessary to build your basic financial literacy and manage your money the right way.
The second part is more interesting. It gives suggestions on how you could increase your income and decrease your expense.
After the essential and interesting part comes the practical part. The third part shows you a free budgeting software which you could use to plan your finance and achieve your financial goals.
At the end of the sub-course, you will be confident in the field of personal finance and you will be able to use real budgeting software.

So do not hesitate - gain gold skills in the field of bookkeeping and personal accounting (personal finance).

Who this course is for:

  • Entry-level accountants
  • Bookkeepers
  • Business' owners
  • Students
  • People who want to achieve financial health

Course content

7 sections • 47 lectures • 1h 46m total length

  • Preview01:24
  • Accounting equation – assets, liabilities and owners’ equity
    03:44
  • Expanded accounting equation – revenues and expenses.
    01:59
  • Transactions
    01:42
  • Accounts
    02:56
  • Accrual accounting system
    02:36
  • Double-entry accounting system – general journal and general ledger
    03:06
  • Recording transactions
    01:40

  • Preview02:01
  • Cash purchases
    01:03
  • Credit sales
    03:35
  • Cash sales
    01:56
  • Unearned revenues
    01:41
  • Prepaid expenses
    01:42
  • Unrecorded expenses
    03:35
  • Preview02:03
  • Depreciation
    02:34
  • Types of discounts
    03:29
  • Discount allowed
    03:34
  • Discount received
    03:01

  • Preview02:35
  • Exercise 2
    03:27
  • Exercise 3
    02:44
  • Exercise 4
    01:13
  • Exercise 5
    01:22
  • Quick Quiz
    5 questions
  • Transactions
    1 question

  • Preview01:17
  • Personal finance
    02:48
  • Areas of personal finance
    02:32
  • Net worth
    01:19
  • Net worth - example
    02:15

  • Housing expenses
    01:54
  • Utility expenses
    01:36
  • Preview01:07
  • Food expenses
    01:19
  • Clothing expenses
    01:46
  • Gift expenses
    01:18
  • Travel expenses
    00:45
  • Extra income - part 1
    01:19
  • Extra income - part 2
    02:16

  • Emergency fund
    02:44
  • Savings on retirement
    04:44
  • Health insuarance
    03:06

  • Introduction to the budgeting software
    02:04
  • Setting up - part 1
    01:23
  • Setting up - part 2
    02:17
  • Dashboard
    02:48
  • Budget analysis
    02:52

Instructor

Viktoria Nedelcheva
Accounting instructor
Viktoria Nedelcheva
  • 4.1 Instructor Rating
  • 86 Reviews
  • 6,705 Students
  • 4 Courses

I worked as a university lecturer, but I realised that I want to share my knowledge and experience with people all over the world. That's why I became an online accounting instructor. In this way, I reach different people and help them to become familiar with accounting in an easy to follow way.


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