The course covers almost entire syllabus of the portion of financial accounting which we call basic financial accounting. The most important function of financial accounting is to prepare statements and reports that depict the financial and performance positions of a company. For that purpose statements such as income statement, balance sheet and statement of cash flow are prepared. I have very simply explained and demonstrated in Microsoft excel the procedures and steps to prepare such reports. The course also includes transactions related to a business that include discounts allowed. Cash-based and accrual-based accounting have been clearly differentiated. The most important transactions and their treatment such as those related to expenses, cost of goods sold and revenues have also been discussed. Each important topic not only includes theoretical presentation but practical examples have been included so that the concepts are easily understood and the whole accounting cycle has been classified into steps so that students can easily pick up the basic concepts and procedures of financial accounting.
Students who want to learn accounting cycle which leads to financial statements will find this course very helpful and simple to understand. The course has been divided into sections and in topics.
By having this course, I expect that students as well as entrepreneurs will pick up not only the concepts of theoretical accounting but use them practically also.
Sajid is an M.S. in accounting and has also done B.COM. in accounting & finance. Sajid is now doing his PhD. in accounting. He is also a C.A. (chartered accountant) and C.M.A. (certified management accountant). He is basically a professional accountant with a few years of experience but has also been teaching accounting and related subjects and accounting software such as Quick Books and Tally 9 for the last 4 years. Online teaching is a new area for Sajid and if his first two or three courses are somewhat successful, Sajid intends to create many courses related to advanced financial and cost/management accounting and courses related to computerized accounting such as Quick Books, SAP, Oracle etc.