Accounting Basics and Personal Finances
What you'll learn
- Difference between bookkeeping and accounting
- Assets, liabilities and owners' equity
- Expenses and revenues
- Prepaid expenses and unearned revenues
- Double-entry accounting system
- Accrual accounting sysytem
- Debit-Credit language
- Recording business transactions
- 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
- Budget software
- No prerequisites
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 by 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 free budgeting software that 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
- Business' owners
- People who want to achieve financial health
Viktoria specializes in accurately representing financial transactions, preparing financial statements, and analyzing the financial situation of a business.
Viktoria Nedelcheva started her accounting journey when she was at the university, where she interned for an accounting firm. During her internship, she found out that the key to a successful business is the way it organizes its finances. After she graduated with a Bachelor's in Accounting, she worked as a bookkeeper in a small firm. After her Master's in Accounting, she charged her job and worked as a Professor's Assistant. She currently works as an accounting instructor and bookkeeper.
She is dedicated to helping small businesses achieve success by helping them establish the best bookkeeping processes. Focused on online service businesses, she is committed to delivering financial services that meet each client’s unique objectives: recording and tracking outcoming and incoming transactions, income and expense analysis, and choosing the best bookkeeping software.