Fundamentals of Accounting & Bookkeeping
4.1 (68 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
2,339 students enrolled

Fundamentals of Accounting & Bookkeeping

Learn the very basics of accounting in less than 2 hours - A beginners guide for bookkeeping and accounting.
4.1 (68 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
2,339 students enrolled
Last updated 11/2019
English
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Current price: $12.99 Original price: $19.99 Discount: 35% off
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This course includes
  • 1.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Need & importance of accounting and book-keeping
  • Classification of accounts in Real, Nominal & Personal A/c
  • Understand the fundamentals of accounting
  • Golden rules of Debit and Credit
  • Impact of different accounting transactions on Financial statements
Requirements
  • No prior knowledge or experience is essential.
  • Anyone who wants to learn or to know the basics can enroll for this course
Description

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. whereas  accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations.So to record and measure general-purpose financial statements, several guidelines that are understood by both the accountants who prepare them and the users of such reports should be followed. 

So we have designed this best selling course which will give a broad idea on various fundamentals of accounting (Accounting Basics) that will make your accounting base stronger. This course is designed in a very easy to understand and logical format.

Requirements

  • No prior experiences is necessary.

  • We believe that anyone can learn accounting with a proper guidance!


-What you will learn? 
1. Basic of accounting.

2. Introduction to bookkeeping and accounting.

3. Fundamentals of Accounting.

4. 14 important principles and conventions of accounting.

5. Common terms used in bookkeeping and accounting. 

6. Learn to classify different  accounts.

7. Three golden rules of accounting.

8. What is debit and credit? 

These topics have widespread use in practical accountancy.

This course includes 15 video sessions & 5 PDF documents which will help you to get more knowledge about this topic.


-Who can take this course?

  • Interested in studying bookkeeping or accounting.

  • This course can be helpful for student, teacher, professional or businessman.

  • This course can be useful for CA, CPT and some exam preparation.

  • We believe that anyone can learn accounting with a proper guidance!


-Benefits of taking this Course:

  • This course will make your fundamentals stronger with the help of:

  • Explanatory videos ensures complete concept understanding.

  • Downloadable resources helps in applying your knowledge to solve various problems.

  • Quiz video helps in testing your knowledge.

  • In short it is an interesting course fulfilling all the student's needs.

So hurry up and enroll now!!

Who this course is for:
  • Accountancy students
  • Entrepreneurs and Business owners
  • Professionals from any field
  • Anyone interested in learning basics of Accountancy & Finance
Course content
Expand 15 lectures 01:39:57
+ Basic Fundamentals of Accounting
15 lectures 01:39:57

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. Best video tutorials for  beginners, students and working professionals!

Preview 05:30


Enhance your knowledge by attempting this quiz

Let's Revise
5 questions

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.

Preview 06:50

Enhance your knowledge by attempting this quiz

Let's Revise
5 questions

1. What is the need for GAAP and what exactly is GAAP?

2. Simple examples to explain need and meaning of Entity concept and Going Concern Concept

Entity|Going Concern Principle|Generally Accepted Accounting Principles (GAAP)|1
07:10

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Let's Revise
4 questions

Simple examples used to explain the need and meaning of Money Measurement Concept and Cost Concept

Money Measurement|Cost Principle|GAAP|2
03:39

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Let's Revise
4 questions

In this session we focus on what do we understand from the revenue recognition concept and the objective evidence concept in accounting? & How is it applied?

Revenue Recognition|Objective Evidence Principle|GAAP|3
06:45

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Let's Revise
4 questions

-We will see why do we need to follow the dual aspect concept in accounting and what is the difference between single entry system and double entry system.

-Need & importance of Matching principle

Dual Aspect|Matching Principle|GAAP|4
03:39

-With the help of examples we will understand what is cash basis and accrual basis of accounting and what basis of accounting is suitable to follow.

Accrual Basis|Cash Basis Principle|GAAP|5
08:34

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Let's Revise
4 questions

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.

Accounting Period Principle|Revision of All Accounting Principles|GAAP|6
06:43

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Let's Revise
3 questions

In this video we will see 

- What is the difference between accounting principles and accounting conventions

- The 4 conventions Materiality, consistency, conservatism and full disclosure are explained with examples.

Accounting Conventions|GAAP|7
09:36

Enhance your knowledge by trying this interesting quiz on principles and conventions .

Quiz on all the principles & Conventions
05:34

Enhance your knowledge by trying this interesting quiz on principles and conventions .

Quiz on All The Principles & Conventions
06:04

This video explains the,

- Understanding of an account & what is the need to classify them.

- Also you will know how accounts are classified / Organised into three broad categories Real, Nominal and Personal Accounts

Classification of Accounts|Real|Personal|Nominal
09:58

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Let's Revise
7 questions

A Quick Review on "Classification of Accounts"

Quiz on Classification of Accounts
03:36

This video explains the basic Debit & Credit concepts & the 3 golden rules of accounting based for Real, Nominal and Personal Accounts.

Golden Rules of Debit & Credit
09:39

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

Accounting Equation
06:40