Basics of Accounting Learn Accounting from Scratch

What you'll learn
Understand the Basics of Accounting
Understand Journal, Ledger, Trial Balance, Cash Book, and Preparation of Financial Statements
Bank Reconciliation Statement, Accounting from Incomplete Records
Accounting for Partnership Firms with Different Scenarios
Depreciation and Amortization, Inventories, Bank Reconciliation Statement
Requirements
No previous experience required, will go through the topics to gain understanding to build on
Description
Description:Accounting is the language of business — and mastering it opens doors to countless opportunities in finance, management, and entrepreneurship. This course is designed to take you from the very basics of accounting to more advanced concepts, with a focus on both theory and practical application.Starting with fundamental principles, you'll gradually move into real-world topics like depreciation, amortization, inventory valuation, incomplete records, and partnership accounting. Each section is explained in simple, easy-to-understand language with examples that connect accounting concepts to everyday business situations.By the end of this course, you will: Understand the basic principles of accounting and the double-entry system Learn how to record journal entries, ledgers, and trial balances Prepare and analyze financial statements (Income Statement, Balance Sheet, and Cash Flow Statement) Master concepts of depreciation and amortization with practical methods (straight-line, reducing balance, etc.) Gain knowledge of inventory accounting and valuation techniques (FIFO, LIFO, Weighted Average) Handle incomplete records accounting and reconstruct missing accounts Learn accounting for partnership firms including:Admission of a new partnerRetirement of a partnerDeath of a partnerDissolution of partnership firms Apply accounting skills in real-life business scenariosThis course is perfect for:Students who are new to accounting or preparing for examsBusiness owners & entrepreneurs who want to manage their finances betterFinance professionals looking to refresh their basicsAnyone curious to understand how businesses track and report their financial performanceNo prior accounting knowledge is required.All you need is curiosity, commitment, and a willingness to learn — this course will take care of the rest.This course contains the use of artificial intelligence. By the end, you'll not only understand the basics of accounting but also gain confidence to progress into advanced accounting, auditing, and finance.
Who this course is for
Beginner in Accounting, CA Foundation Students, Commerce Students
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