What is Accounting? Accounting 101 Explained for All Levels
What you'll learn
- Understand Accounting Fundamentals
- Analyze Business Transactions
- Navigate Financial Statements
- Master Debits and Credits
- Execute the Accounting Cycle
- Apply Adjusting Entries:
- Close Accounting Periods
- Understand T-Accounts and General Ledger
- Prepare for Real-World Application
- Balance Sheet
- Income Statement
- Cash Flow Statement
Requirements
- No prerequisites or specific requirements are needed for this course. It is designed to be accessible to learners of all levels, whether you're a beginner or have some background in finance. All that's required is a basic understanding of computers, an internet connection, and a curiosity about financial statement analysis. Join us for an accessible and engaging exploration of finance and investments.
Description
"What is Accounting? Accounting 101 For All Levels" is a comprehensive online course designed to demystify the world of accounting for learners from all walks of life. Whether you're an absolute beginner curious about accounting, a small business owner looking to manage your finances better, a student aiming to solidify your foundation in business studies, or a professional seeking to refresh your knowledge, this course is tailored specifically for you.
Course Overview: Dive into the essentials of accounting through a carefully structured curriculum that covers everything from the basic principles to the complexities of financial statements and the accounting cycle. Starting with a general overview, the course introduces you to the five main accounts, the pivotal roles of debits and credits, the structure and significance of T-accounts, and the detailed construction and analysis of financial statements including Income Statements, Balance Sheets, Statements of Cash Flows, and more.
What You Will Learn:
Foundational Knowledge: Grasp the core principles of accounting, including the 5 main types of accounts and the crucial concepts of debits and credits.
Financial Statements Expertise: Gain proficiency in preparing and interpreting the four key financial statements, understanding their interconnections, and what they reveal about a business's financial health.
The Accounting Cycle: Master the 9-step accounting cycle, from transaction analysis to the post-closing trial balance, equipping you with the ability to maintain accurate and comprehensive financial records.
Adjusting Entries and Closing: Learn the importance and application of adjusting entries for items like prepaid expenses and accrued revenues, and understand how to properly close accounting periods.
Practical Skills: Through real-world examples and exercises, develop the practical skills to apply accounting concepts in both personal finance and business scenarios.
Who This Course Is For: This course is meticulously crafted for those with no prior knowledge of accounting, business owners and entrepreneurs, students in business-related fields, professionals seeking a knowledge refresh, and individuals interested in understanding accounting for personal finance management.
Course Features:
Engaging Video Lectures: Delivered by experts passionate about making accounting accessible.
Interactive Quizzes: Test your understanding as you progress through each module.
Practical Exercises: Apply what you've learned using real-life scenarios and case studies.
Comprehensive Resources: Access additional materials to deepen your knowledge beyond the course content.
Community Support: Join a community of learners to share insights and ask questions.
Prerequisites: There are no prerequisites for this course. A willingness to learn and engagement with the course materials are all you need to start your journey into the realm of accounting.
Embark on this educational adventure to unlock the mysteries of accounting, enhance your financial literacy, and open doors to new opportunities in both personal and professional spheres. Enroll in "What is Accounting? Accounting 101 For All Levels" today and take the first step towards mastering the language of business.
Who this course is for:
- Absolute Beginners
- Business Owners and Entrepreneurs
- Students Pursuing Business Studies
- Professionals Seeking a Refresher
- Career Changers
- Individuals Managing Personal Finances
Instructor
- 4.6 Instructor Rating
- 136 Reviews
- 2,308 Students
- 5 Courses
I'm Inderjeet Jeed, aka Indy, with a robust academic and professional background in accounting. I earned a Graduate Diploma in Accountancy from the Goodman School of Business in 2017 and an Honours BBA with a specialization in Accounting from the University of Guelph in 2016, achieving a GPA of 87% and an Accounting GPA of 91%.
My career started as a Junior Accountant at HSM Accounting Services (2010-2013), where I managed accounting documents and built customer loyalty. In 2016, I founded Acct’s Tutoring Services Ltd., successfully tutoring over 2500 students and managing a team of 10 employees.
I contributed to the academic community as a Professor at Toronto Economic Management College (2018-2018) and an Accounting & Payroll Instructor at Oxford College (2018-2019). Achievements include a Certificate of Appreciation from the Canada Revenue Agency (2016) and certifications in security and first aid.