Accounting Basics - A Complete Study

A - Z Guide for learning the Basics of Accountancy
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  • Lectures 332
  • Contents Video: 29 hours
    Other: 8 mins
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 5/2015 English

Course 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.

New videos are being added at frequent intervals and this course will be the longest one in Accounting soon. (72 New video lectures added in August 2016 and now this course has 332 Video Lectures with 29 Hours Content)

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Welcome to Accounting Basics - A Complete Study Course! This is one of the comprehensive course in Fundamentals of Accounting covering theory as well as practice. 

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

This course is structured in self paced learning style. 

Video lectures are used for delivering the course content. 

Take this course to create strong foundation in fundamentals of accountancy.

What are the requirements?

  • No basic knowledge is required
  • Students can approach this course with fresh mind

What am I going to get from this course?

  • 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

What is the target audience?

  • Any one interested in Learning Accountancy
  • Accounting / Finance / Science Students
  • Entrepreneurs

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
Introduction
Preview
01:17
Need and Importance of Accounting
04:54
Section 2: Book Keeping
Book Keeping and objectives
04:59
Advantages of Book Keeping
05:40
Section 3: Accounting
Accounting and Objectives
04:19
Accounting Process
05:56
Accounting Cycle
03:24
Section 4: Accounting , Accountancy & Book Keeping
Accountancy Accounting Book keeping
01:21
Relationship Between Accountancy, Accounting & Book Keeping
01:41
Difference Between Accounting & Book Keeping
02:21
Users of Accounting Information
03:58
Branches of Accounting
02:05
Section 5: Technical Terms in Accounting
Transaction
03:19
Capital
Preview
01:35
Assets
01:57
Liabilities
01:06
Drawings
00:25
Debtors and Creditors
02:24
Purchase Sales and returns
02:32
Voucher and Invoice
01:33
Account
01:05
6 questions

Choose the Correct Answer

Section 6: Accounting Assumptions, Concepts and Principles
Basic Assumptions in Accounting
05:13
Basic Concepts in Accounting
08:15
Fundamental Principles of Accounting
06:29
Quiz about Section 2
4 questions
Section 7: Double Entry System
Double Entry System Introduction
03:15
Double Entry Features
02:04
Classification of Accounts
06:16
Eg for classification of accounts
05:56
Golden Rules of accounting
01:55
9 questions

Choose the Correct Answer

Section 8: Basic Accounting Procedures
Basic Accounting Procedures
Preview
02:25
Cash Memo and Invoice
03:25
Receipt
01:12
Debit and Credit Notes
02:28
Pay in Slip and Cheque
04:07
Voucher
00:46
Accounting Equation
03:20
Accounting Equation (Talking Head)
Preview
03:22
Accounting Equation simple eg
03:31
Accounting Equation Comprehensive Example
10:56
Section 9: Rules for Debit and Credit
Rules for Debiting and Crediting
07:09
Debit Credit Rule
Preview
06:38
Section 10: Journalising Process
Books of Original Entry
03:45
Steps in Journalising
07:55
Journalising Comprehensive Examples
14:24
Capital and Drawings
04:58
Bank Account Transactions
05:03
Accounting entry for Capital Contribution
07:11
Accounting entry for Cash Receipt
Preview
03:06
Accounting Entry for Cash Payment
02:12
Acccounting Entry for cash Sales
02:14
Accounting Entry for Banking Transaction
02:17
Accounting Enrty for Drawings Case Study
02:37
Accounting Entry for Cash Purchase
Preview
02:28
Accounting Entry for Credit Purchase
02:55
Accounting Entry for Cheque receipt
02:07
Accounting Entry for Cheque receipt and deposit
02:01
Accounting Entry for commission Income
02:00
Accounting Entry for Credit Sales
Preview
02:36
Accounting Entry for Drawings
06:37
Accounting Entry for Payment through Cheque
02:03
Accounting Entry for Purchase Return
02:39
Accounting Entry for Salary in cash
01:54
Accounting Entry for Sales Return
02:55
Compound Entry
06:12
Compound Journal Entry
04:24
Compound Journal Entry Case Study
Preview
07:50
Quiz about Section 4
10 questions
Section 11: Ledger
Ledger
04:12
Utility of Ledger
04:45
Ledger Format
Preview
07:25
Ledger for real personal nominal accounts
06:53
Posting and Procedure
04:12
Ledger Case Study 1
05:12
Ledger Case Study 2
12:26
Posting of Compound Entries to Ledger
05:46
Posting Openign Entry in Ledger
03:38
Balancing an Account
08:18
Balancing of Different Accounts
03:22
Procedure for Balancing
05:40
Difference between Journal and Ledger
03:54
Quiz about Section 5
10 questions
Section 12: Subsidiary Books covering Sales and Purchase Books
Subsidiary Books need and advantage
Preview
09:44
Purchase Book
05:19
Case Study on Purchase Book
07:24
Sales Book
02:54

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Instructor Biography

I am a practicing 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.

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