Bookkeeping and Accounting Basics: Full Cycle Accounting
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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!
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1Introduction- Definition of AccountingVideo lesson
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2BookkeepingVideo lesson
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3The Accounting EquationVideo lesson
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4The Accounting Equation ContinuedVideo lesson
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5ExampleVideo lesson
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6SummaryVideo lesson
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7Overview of Financial StatementsVideo lesson
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8Overview of Financial Statements 2Video lesson
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9Double Entry SystemVideo lesson
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10Double Entry System ContinuedVideo lesson
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11Examples 1Video lesson
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12Examples 1 Cont'dVideo lesson
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13Examples 2Video lesson
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14Key TermsVideo lesson
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15Key Terms Cont'dVideo lesson
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16ExampleVideo lesson
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17Balancing Off AccountsVideo lesson
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18ExampleVideo lesson
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19Definition & Types of InventoryVideo lesson
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20Inventory MovementVideo lesson
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21Returns InVideo lesson
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22Returns OutVideo lesson
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23A Comprehensive ExampleVideo lesson
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24A Comprehensive Example Cont'dVideo lesson
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25Special meanings for the terms "Sales" and 'Purchases"Video lesson
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26Comprehensive Example 2Video lesson
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27Comprehensive Example 2 ContinuedVideo lesson
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28Comprehensive Example 2 Continued..Video lesson
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29Inventory/Stock ValuationVideo lesson
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35Sales Day BookVideo lesson
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36Purchases Day BookVideo lesson
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37Returns Inwards Day BookVideo lesson
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38Returns Outwards Day BookVideo lesson
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39The JournalVideo lesson
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40Introduction to Ledgers, Sales LedgerVideo lesson
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41Purchases LedgerVideo lesson
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42Treatment for Returns In and Returns OutVideo lesson
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48Financial Statements DefinitionVideo lesson
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49Statement of Profit & Loss/ Income StatementVideo lesson
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50Example 2Video lesson
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51Balance Sheet / Statement of Financial PositionVideo lesson
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52Example 1Video lesson
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53Example 2Video lesson
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54Example 1Video lesson
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55Balance Sheet ComponentsVideo lesson
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56Adjustments Definition, Bad Debts, Doubtful DebtsVideo lesson
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57Provision for Doubtful Debts Accounting TreatmentVideo lesson
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58Provision for Cash DiscountsVideo lesson
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59DepreciationVideo lesson
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60Depreciation methodsVideo lesson
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61Accounting Treatment for DepreciationVideo lesson
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62Disposal/ Sale of a Non-Current AssetVideo lesson
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63ExampleVideo lesson
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64Accruals & PrepaymentsVideo lesson
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65Accrual AccountingVideo lesson
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66Adjusting EntriesVideo lesson
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67Accrued Expenses Accounting TreatmentVideo lesson
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68Accrued RevenueVideo lesson
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69Deferred RevenueVideo lesson
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70Expenses & Revenues Covering More than One Accounting PeriodVideo lesson
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