Accounting 101 - The Principles Of Accounting

The Easiest Course In Accounting!

What you'll learn

Students will be able to classify the types of accounts

Students will be able to classify the types of transactions

Students will be able to understand debit & credit

Students will be able to pass Journal Entries

Requirements

You should be able to use the computer at a basic level

Description

Principles Of Accounting:"Accounting 101 is Part 1 out of a series of Accounting Courses that are designed to help the complete beginner, go on to master the basics concepts of accounting and move on step by step to become a professional accountant!The course is not just theory but also takes real life examples and walks you through the accounting process. It is meant for students who would like to grasp the accounting concepts in an easy and fun learning environment. This is a slow moving course. Please do not expect me to move fast since it is designed for the beginner student. Those students who are already aware of accounting concepts should take a more advanced level course instead.Course Outline:In this course we are going to learn about the basic accounting principles of:Types Accounts,What are Assets?What are Liabilities?What is Revenue?What are Expenses?What is Capital?Types of Transactions, Cash or Credit?Double Entry SystemRules for Debit & CreditPassing Journal Entries / Posting Entries To The General JournalHaving completed the entire series students of the proper age would be able to take up entry level jobs as accountants, however students would have to practice these concepts again and again externally so that they can grasp real world applications quickly.Other Courses:The other parts of this Accounting Series are as follows:Accounting 102 - The Ledger & The Trial BalanceAccounting 103 - The Special Journals & The Subsidiary LedgersAccounting 104 - Bank Reconciliation & Correction Of Errors

Overview

Section 1: Introduction To The Course

Lecture 1 Introduction

Section 2: The Basics

Lecture 2 Welcome To Accounting

Lecture 3 What are Assets?

Lecture 4 What are Liabilities?

Lecture 5 What is Revenue?

Lecture 6 What are Expenses?

Lecture 7 What is Capital?

Lecture 8 The Accounting Process

Lecture 9 Types Of Transactions

Lecture 10 Practice Types Of Transactions

Lecture 11 Double Entry System

Section 3: The Journal

Lecture 12 What is the Journal

Lecture 13 The Journal Part 1 - Starting Entries

Lecture 14 The Journal Part 2 - Sales & Sales Return

Lecture 15 The Journal Part 3 - Cash Drawn

Section 4: Conclusion & Practice Questions

Lecture 16 Practice Question 1

Lecture 17 Practice Question 2

Section 5: Quiz To Test Your Knowledge

Anyone looking to learn Accounting as a beginner,Beginners Only… This is a slow paced course that teaches students who have no previous education in accounting principles.