Accounting Basics - A Complete Study
What you'll learn
- Understand need and importance of Accounting
- Understand Book Keeping, Objectives and Advantages
- Understand Accounting Process, Accounting Cycle,
- Understand Users of Accounting Information
- Understand Branches of Accounting
- Understand Basic Accounting Terms
- Understand Accounting Assumptions, Concepts and Principles
- Understand Rules of Accounting
- Understand Journal, Ledger, Trial Balance and Final Accounts Preparation
Requirements
- No basic knowledge is required
- Students can approach this course with fresh mind
Description
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Welcome to one of the comprehensive ever course on Accounting Basics.
This course starts from “What is Accounting”, “Need for Accounting” to various Practical aspects in Accounting with 100s of Case Studies. Enjoy lectures for each and every concept in accounting presented in digital hand written format and excel based presentation followed by Solved Case Studies Video.
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Who should take this course?
Are you just a beginner in Accounting? Are you struggling in understanding basic accounting concepts and techniques like Double Entry System, Rules for Debit and Credit, Journalising Process, Ledgers, Trial Balance, Rectification of Errors, Bank Reconciliation Statements, Final Accounts, Partnership Accounting, Company Accounting, etc?
Then this course is for you - Accounting Basics A Complete Study.
Why you should take this course?
By taking this course, you will be able to see practical side of Accounting concepts with lot many case studies to solve. Approaching complex topics through case studies is the best way to understand them and you will find lot many in this course.
What you will learn by taking this course?
This is a comprehensive course, covering each and every topic in detail. In this course, you will learn Fundamentals of Accounting, step by step covering the following:
Section 1: Introduction to Accounting;
Section 2: Book Keeping;
Section 3: Accounting – Objectives and Process;
Section 4: Accountancy, Accounting and Book Keeping;
Section 5: Technical Terms in Accounting
Section 6: Accounting Assumptions, Concepts and Principles
Section 7:Double Entry System
Section 8: Basic Accounting Procedures\
Section 9: Rules for Debit and Credit
Section 10: Journalising Process
Section 11: Ledger
Section 12: Subsidiary Books covering Sales and Purchases Books
Section 13: Purchase Returns and Sales Returns Books
Section 14: Cash Book
Section 15: Bills of Exchanges and Related Books
Section 16: Journal Book / Journal Proper
Section 17: Trial Balance
Section 18: Errors in Accounting
Section 19: Case Studies in rectification of errors
Section 20: Bank Reconciliation Statement
Section 21: Final Accounts
Section 22: Accounts from Incomplete Records (Single Entry System)
Section 23: Accounting for Partnership - Admission of New Partner
Section 24: Accounting for Partnership - Retirement of Partner
Section 25: Company Accounts I
Section 26: Company Accounts II
Section 27: Comprehensive Quiz
How this course is structured?
This course is structured in self paced learning style. Each and every section of this course is broken down as various micro lectures and then they are substantiated with examples and case studies. Several real world examples are used in this course through case studies. You'll gain authority on each and every topic as i take you through lectures one by one. This course is presented in simple language with examples. This course has video lectures (with writings on Black / Green Board / Note book / Talking head, etc). You would feel you are attending a real class.
What are the pre-requisites for taking this course?
You need good internet connection for interruption free learning process.
How this course will benefit you?
At the end of the course, you will be able to solve above concepts, case studies in Accounting at ease with high level of confidence as well handle real life problems with clarity.
Note: This course is created based on Accounting Framework adopted in India.
Who this course is for:
- Any one interested in Learning Accountancy
- Accounting / Finance / Science Students
- Entrepreneurs
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Course content
- Preview00:57
- 05:21Introduction to Accounting
- 04:02Evolution of Accounting
- 01:50Definition of Accounting
- 03:43Economic Event
- 05:19Identification, Measurement, Recording & Communication
- 00:50Organisation
- 02:25Accounting Cycle
- 03:03Importance of Accounting
- 03:51Branches of Accounting
- 03:10Bases of Accounting
- 03:32Users of Accounting Information
- 05:14Qualitative Characteristics of Accounting Information
- 08:28Objectives of Accounting
- 02:32Role of Accounting
- 03:35Role of an Accountant
- Preview05:02
- 6 questionsQuiz about Section 1
Instructor
- 4.2 Instructor Rating
- 9,677 Reviews
- 184,836 Students
- 110 Courses
I am a Chartered Accountant with tonnes of passion for teaching.
I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.
I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.
I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.
I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.