Udemy
    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
Subscribe
Turn what you know into an opportunity and reach millions around the world.
Learn More
Your cart is empty.
Keep shopping
Financial Accounting - Book keeping and Accounting - Basics
Rating: 4.0 out of 5(14 ratings)
54 students

Financial Accounting - Book keeping and Accounting - Basics

Accounting and Book Keeping of Mercantile, Service and Manufacturing Firm - Learn Simple
Created byRCCS Center
Last updated 7/2025
English

What you'll learn

  • General Account Heads and their uses
  • Double Entry System in Book keeping
  • Accounts Journal and Journalizing Accounting Transactions
  • Ledger and Preparation of Ledger from the Journal
  • Preparation of Trial Balance from the Account Balance
  • Preparation of Final Account - Trading and Profit & Loss Account and Balance Sheet
  • Manufacturing Account and their Preparation
  • Income and Expenditure Account - Preparation

Course content

6 sections • 30 lectures • 2h 2m total length

  • Financial Accounting - Introduction2:43

    Introduction to accounting - Accounts and their classifications

  • Quiz-01
  • Quiz-02
  • Chapter 1 - Category of Transaction6:51

    Category of Accounting Transactions -  to record business transactions in the books of accounts, firstly we should have know the category of each transaction. in modern approach we can classify transaction into five categories : Assets, Liabilities, capital, revenues and expense.... Each these category is again divided into broadly. This video lesson detaily explained all.

  • Quiz-03
  • Quiz-04
  • Chapter 3 - Account Head Definition8:13

    Name of Accounts - Learning Common account heads and their definition is the basic of Financial Accounting. without knowing name of account heads and their detail, we can't  manage and record accounting transactions. this video lesson covered  almost all.

  • Chapter 4 - Double Entry System4:09

    Double entry Book keeping  - in accounting, every transaction has to record in double entry mode, it means a transaction has two parties, one is debit and other is credit. journal completely follow this system. This video lesson will teach you more...

  • Quiz-05
  • Quiz-06
  • Chapter 4 - Golden Rules of Accounts4:25

    Real , Personal and Nominal account - in double entry system,  their roles in entering transactions in Journal. this video lesson graphically teach you something.

  • Quiz-07
  • Quiz-08
  • Chapter 4 - Type of Transactions3:44

    Type of Transaction - Accounting transaction can be divided into cash transaction credit transaction and non-cash transaction. in a firm , day to day  transactions are normally cash or credit transactions. this video lesson will teach you well.

  • Quiz-09
  • Quiz-10
  • Chapter 5 - Journal - I6:10

    Journal  description -  the primary step of book keeping is recording transactions in books of accounts. Journal is the principal book of accounts. It is the source of document for preparing and generating various reports, statements and final accounts.

  • Quiz-11
  • Chapter 5 - Journal - II6:31

    Journalizing  accounting transactions - II

  • Quiz-12
  • Chapter 5 - Journal - III5:14

    Journalizing  accounting transactions -III

  • Quiz-13
  • Chapter 6 - Sub Division of Journal - I4:13

    Books of Accounts in original entry are -  purchase book, sales book, purchase return book, sales return book, cash book, bills receivable book, bills payable book and Journal proper

  • Chapter 6 - Sub Division of Journal - II2:04

    Books of Accounts in original entry are -  purchase book, sales book, purchase return book, sales return book, cash book, bills receivable book, bills payable book and Journal proper

  • Quiz-14
  • Chapter 6 - Sub Division of Journal - III1:40

    Books of Accounts in original entry are -  purchase book, sales book, purchase return book, sales return book, cash book, bills receivable book, bills payable book and Journal proper

  • Quiz-15
  • Chapter 6 - Sub Division of Journal - IV2:35

    Books of Accounts in original entry are -  purchase book, sales book, purchase return book, sales return book, cash book, bills receivable book, bills payable book and Journal proper

  • Quiz-16
  • Quiz-17
  • Chapter 6 - Sub Division of Journal - V2:22

    Books of Accounts in original entry are -  purchase book, sales book, purchase return book, sales return book, cash book, bills receivable book, bills payable book and Journal proper

  • Quiz-18
  • Quiz-19
  • Chapter 6 - Sub Division of Journal - VI2:10

    Books of Accounts in original entry are -  purchase book, sales book, purchase return book, sales return book, cash book, bills receivable book, bills payable book and Journal proper

  • Quiz-20
  • Chapter 7 - Ledger I5:46

    Ledger is a collection of accounts, it is a principal book of accounts, accounts of similar nature are recorded or arranged together and totaled.

  • Quiz-21
  • Chapter 7 - Ledger II4:30

    Ledger is a collection of accounts, it is a principal book of accounts, accounts of similar nature are recorded or arranged together and totaled.

  • Quiz-22

Requirements

  • anybody can try to learn this course , learn simply the Basics of Financial Accounting - especially Book keeping and accounting

Description

Designed and Developed By

This Financial Accounting online Tutorial is designed and developed by  RCCS, Institute of Information Technology to spread their teaching experience and services across the world.


Every firm needs to record their revenues and expenses as well as managing their liabilities and assets. Even a small firm want two or more employees to keep and manage their accounts. So job opportunities are many in this field. In addition to manual accounting , almost all firms are using computer accounting to keep and manage their accounts. Book keeping and accounts knowledge is necessary for getting this type of job. This online course is a basic step of book keeping and accounting, even though it is basic all topics are graphic based and very easy to learn. Learners can expect new topics and modification by the periodic updates. All learners are advised to watch each topic video carefully and practice it in your books. At the end of course an assignment is given, prepare self the report, statement and final account from these assignment.

Topics covered:

Financial Accounting - Basics

1) Accounting Transaction and their category

2) common account heads - definition

3)Double Entry System in Transaction

4) Golden rules of Accounts

5) Accounting Transaction and their type

6) Journal and Journalizing

7) Sub division of Journal

8) Ledger

9)Preparation of Cash book

Accounts Statements

10) Preparation of Trial balance

11) Preparation of Trading Account

12) Preparation Profit and Loss Account

14) preparation of Balance Sheet

15) Bank reconciliation statement

Accounts of Manufacturing Firm

16) Preparation of Manufacturing Account

Accounts of Non-Trading Concern

17) Preparation of Income and Expense Account

Quiz

Exercises

Learners are may be non-commerce background or commerce background, and  are looking for a job.. all are welcome..

Who this course is for:

  • commerce / non commerce students, Accounts job seekers, Employees etc

Report abuse