Complete Financial Bookkeeping and Accountancy Course
- 12 hours on-demand video
- 27 downloadable resources
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
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Learn basic & advanced 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!
- Every Individual
- Professionals
- Students
- Students who have interest in finance
- 11th & 12th Students
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.
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.
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
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.
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.
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!
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.
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.
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.
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
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.
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.
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.
This video explains different business organizations namely,
-Sole proprietorship,
-Partnership Firm and
-Joint stock company & their main features which distinguishes them.
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
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.
Take part in this fun and exciting quiz on the chapter Bills of Exchange. Test yourself and see how many you get right!
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.
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.
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