Accounting For Beginners

Let's get ready to do some Accounting and Bookkeeping!

What you'll learn
Understand the purpose and types of businesses and how they interact with key stakeholders and the external environment.
Understand the purpose and types of businesses and how they interact with key stakeholders and the external environment.
Recognise the function of accountancy and audit in communicating, reporting and assuring financial information and in effective financial control and compliance
Understanding the various statements within the Financial Statements
Preparing a bank reconciliation
Preparing a trial balance
Posting to the general ledger accounts
Preparing a set of financial statements
Preparing a set of consolidated financial statements
Choosing the right accounting package for you
How to manage working capital of a business
Ratio analysis and how to make use of various ratios to increase performance
Demonstrate the use of double-entry and accounting systems
Record transactions and events
And much more…
Requirements
An eager mind to learn the basics of accounting and bookkeeping
Description
This course is designed to develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements and assist students and learners to various accounting techniques that can be used in the every day world of finance as well as to introduce knowledge and understanding of the business and its environment and the influence this has on how organisations are structured and on the role of the accounting and other key business functions in contributing to the efficient, effective and ethical management and development of an organisation and its people and systems.This course is great for individuals that are starting up their own businesses in order for them to manage finances and understand the rules of accounting.

Overview

Section 1: Understanding what a business is and how it functions

Lecture 1 The business environment

Lecture 2 Business organsation, structure and strategy

Lecture 3 The role of accounting

Section 2: Introduction to accounting

Lecture 4 Choosing the right accounting software for you

Lecture 5 The difference between profit and cash

Lecture 6 What is a Balance Sheet (SoFP)?

Lecture 7 What is an Income Statement (SoCI)?

Lecture 8 Managing your working capital cycle and cash flow

Section 3: Ratio analysis

Lecture 9 Profitability ratios

Lecture 10 Solvency and liquidity ratios

Section 4: In depth explanations of Financial Accounting concepts

Lecture 11 The regulatory framework

Lecture 12 The qualitative characteristics of financial information

Lecture 13 Sources, records and books of prime entry

Lecture 14 Ledger accounts and double entry

Lecture 15 From trial balance to financial statements

Lecture 16 Sales tax

Lecture 17 Inventory

Lecture 18 Tangible non-current assets

Lecture 19 Intangible non-current assets

Lecture 20 Accruals and prepayments

Lecture 21 Irrecoverable debts and allowances

Lecture 22 Provisions and contingencies

Lecture 23 Control accounts

Lecture 24 Bank reconciliations

Lecture 25 Correction of errors

Lecture 26 Preparation of financial statements for sole traders

Lecture 27 Incomplete records

Lecture 28 Introduction to company accounting

Lecture 29 Preparation of financial statements for companies

Lecture 30 Events after reporting period

Lecture 31 Statement of Cash Flows

Section 5: Group Accounting

Lecture 32 Introduction to consolidated financial statements

Lecture 33 The consolidated statement of financial position (IFRS 10)

Lecture 34 The consolidated statement of profit or loss and other comprehensive income

People wanting to learn and understand accounting.