The students will understand the concept of capital and withdrawal of capital and apply them while passing accounting entries in a different module of the course.

After  watching the video and completing the quizzes, the students will be able to identify which are  financial information and which are not. Accounting records only financial information.

The students will be able to get clarity about three basic type of accounts, real, nominal and personal. These are the building blocks of accounting.

These are real life examples from a real life company, which will help students to distinguish amongst real, personal and real a/cs. A downloadable pdf file has been provided in the resource.

From this lecture the students will understand about the golden rules of accounting, which is the foundation block of all accounting.

With some simple but typical transactions I am explaining the golden rules further. This will strengthen the knowledge of the students    on Golden rules of accounting further.

Here the students will understand the difference between capital expenditure and revenue expenditure, why some expenses leads  nominal accounts and some to real accounts.

This lecture gives a general awareness about the accounting cycle. More detailed activity on accounting cycle will be undertaken in module 3 and 4, particularly module 4 of the course.

In this video I am taking the students step by step through the Accounting cycle with 4 simple transactions. However the aspects of adjustment entries, closing entries and opening entries will be covered a little later in the course.

Here the students will understand accounting using accounting equations, rather than through passing accounting entries for journal, ledger and trial balance. This will help strengthen their background in accounting

This is just a prelude before delving into accounting equations.

Students will get acquainted with accounting equations as a concept. This is a basic example. More detailed examples are following in  the subsequent lectures.

This is the second lecture on the subject, going in depth and linking it with some of the principles of accounting.

Here the doctrine of conservatism as applied in accounting has been explained.

The students will learn why the financial information available in the books of accounts are cut off based on periodicity.

In this lecture we are going to discuss matching principles followed in accountancy.

Students will get acquainted with the accrual principle or accrual method of accounting, which is at the core of modern accounting.

Here we shall be discussing about the adjustment entries, which are to be passed after passing of the regular entries. These are passed mainly to give effect to the principle of accrual basis of accounting.

This is a systematic description of the accounting funnel in five stages. Students will know how this operates and what are the checks and balances. This is a prelude to show real accounting in subsequent lectures

In this lecture we shall learn how to correct a Trial Balance based on the overall principle laid by the golden rules of accounting

Based on the learning so far, particularly in the 3rd module, the students may like to complete this assignment. Those who cannot may refer to my next lecture to view the solution. Next three lectures are very important for completion of the course

This is the longest video in this course. I would request the students to be patients. Most of my video lectures are below 5 minutes. Here we have to spend about twenty minutes on this lecture. This lecture is at the core of teaching accounting entries from journal to ledger to trial balance. Please go through this carefully.

This shows how adjustment entries are effected after initial trial balance to get adjusted and final trial balance and final accounts.

In this lecture the students will generally understand the difference between book profit and tax profit.

Students will learn about accounting ratios at the basic level.

After completing this lecture the students will be able to understand how accountancy based on double entry system of book keeping evolved in Europe from the 15th century onward, which later came to USA and the rest of the World.