Bookkeeping And Accounting Basics: Beginner To Advanced

Full Cycle Bookkeeping & Accounting (Beginner to Advanced)

What you'll learn

Bookkeeping & Accounting Basics

The Accounting Equation

Double Entry

Books of Original Entries

Accounting Ledgers

Trial Balance

Income Statement/ Profit & Loss of a Sole Trader

Balance Sheet/ Statement of Financial Position of a Sole Trader

Adjusting Entries

Inventory/ Stock

Requirements

No Bookkeeping/Accounting Experience Required. This course starts from scratch

Description

Are you ready to demystify the world of accounting and gain a solid foundation in financial management? Whether you're an aspiring accountant, small business owner, manager, or simply someone who wants to understand the language of business, this comprehensive Udemy course is designed to provide you with a thorough understanding of accounting principles, practices, and financial statements.In "Comprehensive Bookkeeping & Accounting Basics: From Basics to Advanced," I will guide you on a step-by-step journey through the key concepts of accounting, from the fundamental principles to advanced financial analysis techniques. With a focus on practical application, this course ensures that you not only grasp the theory behind accounting but also gain the skills to confidently manage financial information for personal or professional use.Course Highlights:Accounting Basics and Terminology: Understand the core principles of accounting, learn the essential terminology, and grasp the double-entry bookkeeping system that forms the foundation of modern accounting.Financial Statements Decoded: Dive into the creation and interpretation of financial statements, including balance sheets, income statements. Discover how these documents provide crucial insights into an organization's financial health.Recording Transactions: Learn how to record various types of transactions accurately and systematically, and become proficient in journal entries, ledgers, and trial balances.Adjusting Entries and Accrual Accounting: Gain a deeper understanding of accrual accounting and learn how to make necessary adjustments to ensure accurate financial reporting.Inventory Valuation: Explore different methods of valuing inventory, such as FIFO, LIFO, and weighted average, and understand how these methods impact financial statements.By the end of this course, you'll not only have a firm grasp of accounting theory but also the confidence and skills to apply your knowledge in real-world scenarios. Whether you're looking to advance your career, manage your personal finances more effectively, or navigate the financial side of your business, this course is your gateway to mastering the world of accounting.Enroll now and embark on your journey to becoming a financially savvy individual or professional in the dynamic realm of accounting!

Overview

Section 1: Module One (1)

Lecture 1 Introduction- Definition of Accounting

Lecture 2 Bookkeeping

Lecture 3 The Accounting Equation

Lecture 4 The Accounting Equation Continued

Lecture 5 Example

Lecture 6 Summary

Lecture 7 Overview of Financial Statements

Lecture 8 Overview of Financial Statements 2

Section 2: Module Two (2)

Lecture 9 Double Entry System

Lecture 10 Double Entry System Continued

Lecture 11 Examples 1

Lecture 12 Examples 1 Cont'd

Lecture 13 Examples 2

Lecture 14 Key Terms

Lecture 15 Key Terms Cont'd

Lecture 16 Example

Lecture 17 Balancing Off Accounts

Lecture 18 Example

Section 3: Module Three (3)

Lecture 19 Definition & Types of Inventory

Lecture 20 Inventory Movement

Lecture 21 Returns In

Lecture 22 Returns Out

Lecture 23 A Comprehensive Example

Lecture 24 A Comprehensive Example Cont'd

Lecture 25 Special meanings for the terms "Sales" and 'Purchases"

Lecture 26 Comprehensive Example 2

Lecture 27 Comprehensive Example 2 Continued

Lecture 28 Comprehensive Example 2 Continued..

Lecture 29 Inventory/Stock Valuation

Section 4: Module Four (4)

Lecture 30 The Effect of Profit/ Loss on Capital

Lecture 31 Example

Lecture 32 Example Continued

Lecture 33 Double Entry for Expenses & Revenue

Lecture 34 Example

Section 5: Module Five (5)

Lecture 35 Sales Day Book

Lecture 36 Purchases Day Book

Lecture 37 Returns Inwards Day Book

Lecture 38 Returns Outwards Day Book

Lecture 39 The Journal

Lecture 40 Introduction to Ledgers, Sales Ledger

Lecture 41 Purchases Ledger

Lecture 42 Treatment for Returns In and Returns Out

Section 6: Module Six (6)

Lecture 43 Introduction

Lecture 44 Example

Lecture 45 Example Cont'd

Lecture 46 Example Cont'd 2

Lecture 47 Errors not Affecting Trail Balance Agreement

Section 7: Module Seven (7)

Lecture 48 Financial Statements Definition

Lecture 49 Statement of Profit & Loss/ Income Statement

Lecture 50 Example 1

Lecture 51 Example 2

Lecture 52 Balance Sheet / Statement of Financial Position

Lecture 53 Balance Sheet Components

Lecture 54 Example 1

Lecture 55 Example 2

Section 8: Module Eight (8)

Lecture 56 Adjustments Definition, Bad Debts, Doubtful Debts

Lecture 57 Provision for Doubtful Debts Accounting Treatment

Lecture 58 Provision for Cash Discounts

Lecture 59 Depreciation

Lecture 60 Depreciation methods

Lecture 61 Accounting Treatment for Depreciation

Lecture 62 Disposal/ Sale of a Non-Current Asset

Lecture 63 Example

Lecture 64 Accruals & Prepayments

Lecture 65 Accrual Accounting

Lecture 66 Adjusting Entries

Lecture 67 Accrued Expenses Accounting Treatment

Lecture 68 Accrued Revenue

Lecture 69 Deferred Revenue

Lecture 70 Expenses & Revenues Covering More than One Accounting Period

Section 9: Module Nine (9)

Lecture 71 Example 1

Lecture 72 Example 1b

Lecture 73 Example 2a

Lecture 74 Example 2b

Lecture 75 Example 2c

Lecture 76 Financials of Other Industries

Sole Traders/Entrepreneurs,Non-Finance Managers,Accounting & Bookkeeping Students,Practicing Accountants & Bookkeepers