Principles Of Accounting

Explanation of Accounting rules and methods begging to advance level

What you'll learn
You will learn basic accounting principle relating to debit and credit
Accounting Entries with detailed explanations
Preparation of balance sheet, profit and loss account
Preparation of cashflow statement
Requirements
No requirements just willingness to learn accounting
Description
Dear Students/ProfessionalsGreetingsIn this course you shall learn basic accounting rules about debit and credit, I shall briefly explain about when to give debit or credit effect to certain amounts,I assure you if you learn these rules then you can pas accounting entries very confidently, this course is going to provide you great help in passing accounting examination of any level.After teaching accounting rules, I shall be explaining how to prepare ledgers and trial balance of any company. Its of vital importance to understand concepts relating to trial balance as student and professional.In this course you shall learn how to track inventories, what is LIFO,FIFO and AVERAGE METHOD for inventory management.In this course you shall learn about short term and long term investment, you shall learn how to bifurcate short term liabilities from long term liabilities, what are current assets and non-current assets.Preparation of bank reconciliation is of vital importance, I shall fully explain about how to prepare itIn this way step by step This course is going to explain how to prepare profit and loss account, balance sheet, cash flow statements as per IFRS (International financial reporting standards)Beside this I am going to help you about how to analyze financials statements using accounting ratios.To give you practical experience I shall be discussing financial statements of different companies

Overview

Section 1: Introduction to Accounting

Lecture 1 Course Introduction

Lecture 2 Explanation of debit and credit rules

Lecture 3 Practical explanation of accounting entries

Lecture 4 Further practical explanation of accounting entries

Lecture 5 Further practical explanation of accounting entries

Lecture 6 Further explanation of accounting entries

Accounting students from beginners to professionals