Accounting Basics In 90 Minutes

Accounting Financial Statement Bookkeeping Investment Decision Making

What you'll learn

Fundamentals of Bookkeeping (Debits & Credits) & Accounting

Bank Transactions, Day Books & Journals to create a Trial Balance

Trial Balance and Audit Adjustments

Create Financial Statements

Read Financial Statements

Investment Decision Making

Requirements

No Experience Required

Description

This course is for students who want to learn quickly what Accounting is or are struggling to grasp the concept of Accountancy. The course takes a step back and starts at the high-level to thoroughly explain each concept in a simple and clear fashion. After this, we drill down into the detail and explain further each concept so you can quickly get a good grasp of Accounting. The course is for anyone who wants to better understand Accounting for work or they’re starting out in business, also solid first steps for anyone who needs to sit & pass a module in Accounting, or for general interest purposes.The course covers how Accountancy originated, Debits & Credits, Cash V Profit, Various Bookkeeping methods, Traditional Bookkeeping and also Bank Transactional Bookkeeping. We also cover Sales & Purchase Day Books, and how invoices and transactions are dealt with within the Accounting Records, including how to calculate VAT.Audit adjustments are explained along with the Trial Balance, allowing for the preparation of the Financial Statements; Profit & Loss Account, Balance Sheet & Balance Sheet Control Accounts, and Cash Flow Statement.There is also a bonus section, Investment Decision Making, where we explain useful investment models Sunk Cost, Return on Investment, Internal Rate of Return (IRR) and Net Present Value (NPV), using real-life examples.Happy Studying!!

Overview

Section 1: Introduction

Lecture 1 Introduction & Contents

Section 2: Where did Accounting Come From ?

Lecture 2 Where did Accounting Come From ?

Section 3: Understanding Debits and Credits in Accounting

Lecture 3 Understanding Debits and Credits in Accounting

Section 4: Cash V Profit, Bookkeeping Methods & Trial Balance

Lecture 4 Cash V Profit, Bookkeeping Methods & Bank Transactions

Lecture 5 Understanding VAT Calculations

Lecture 6 Bank Transactions

Lecture 7 Horizontal Trial Balance

Section 5: Trial Balance & Audit Adjustments

Lecture 8 Trial Balance & Audit Adjustments

Section 6: Profit & Loss Account

Lecture 9 Profit & Loss Account

Section 7: Balance Sheet

Lecture 10 Balance Sheet

Section 8: Cash Flow Statement

Lecture 11 Cash Flow Statement

Section 9: Investment Decision Making

Lecture 12 Investment Decision Making

Section 10: Recap and Thank You

Lecture 13 Recap and Thank You.

Starting your own business,Learning & studying Accountancy & Finance,Learning Double-Entry Bookkeeping,Wanting to Create & Read a Balance Sheet,Wanting to Create & Read a Profit & Loss Account,Wanting to Create & Read a Cash Flow Statement,Obtain a better understanding of Accounting,Board Executive in a Non-Accountancy Role,Non-Executive Director