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!
Double Entry, T-Accounts, Key Terms, and Balancing Off Accounts
Accounting for Inventory/Stock, Valuation of Inventory
The Effect of Profit or Loss on Capital, and Double Entry for Expenses & Revenue
-
19Definition & Types of Inventory
-
20Inventory Movement
-
21Returns In
-
22Returns Out
-
23A Comprehensive Example
-
24A Comprehensive Example Cont'd
-
25Special meanings for the terms "Sales" and 'Purchases"
-
26Comprehensive Example 2
-
27Comprehensive Example 2 Continued
-
28Comprehensive Example 2 Continued..
-
29Inventory/Stock Valuation
Books of Original Entries, &Ledgers
The Trial Balance
Financial Statements
Adjustments to Financial Statements
Module Nine (9)- Comprehensive Examples
-
56Adjustments Definition, Bad Debts, Doubtful Debts
-
57Provision for Doubtful Debts Accounting Treatment
-
58Provision for Cash Discounts
-
59Depreciation
-
60Depreciation methods
-
61Accounting Treatment for Depreciation
-
62Disposal/ Sale of a Non-Current Asset
-
63Example
-
64Accruals & Prepayments
-
65Accrual Accounting
-
66Adjusting Entries
-
67Accrued Expenses Accounting Treatment
-
68Accrued Revenue
-
69Deferred Revenue
-
70Expenses & Revenues Covering More than One Accounting Period