Financial Accounting: Learn The Basics Of Debits And Credits

Accounting Basic for Students & Accounting Professionals

What you'll learn

Learn Accounting Concepts, Types of Accounts - Asset, Liability, Revenue & Income, and Expense & Loss

Rules of Debits & Credits and how to apply those to different types of accounts, General Journal, General Ledger & GL Accounts, Subsidiary Books, Trail Balance

Accounting Students can learn the basic foundation of course which is a supplement for them, become more confident and expect increase class participation

Working Professionals, whether or not working in accounting field, can learn the accounting from scratch -> expect more work productivity & appreciation at work

Business owners who want to learn accounting and maintain their books of accounting

Requirements

No Accounting background needed

Description

Welcome and thanks for visiting this course!This course is created for you to learn the basics of accounting and go deep down to the roots of debit-credit application. This course is applicable to students, working professionals and the business people.  The best thing about this course is that I have utilized the white-boarding tool and used illustrations to explain you the accounting concepts, and various other topics.Anyone can learn Accounting!You can learn accounting if you get the good guidance and the right reading & practice material. The most efficient way to learn anything is to follow:1. The right reading material2. The proper order of learning. There is a lot of information available online, but to learn something new, you always have to start step by step. So, its very important to not overload yourself with too much information, and follow the correct way of learning.3. The practice exercises. You need to practice as many exercises as you can till you believe that you have learnt and confident enough about the topic learntYou yourself also have to be curious to know the reason behind the accounting process. Why do we debit, why do credit, and what are the reasons behind it? There are many online reading material available but nobody explains the reason that why do we debit or credit. Why are liabilities considered to be liability? Every question is answered in this course.To learn fast, you also need to do practical exercises, which you will do in this course! And I have explained all the practical exercises in detail.What you’ll learn1. Important Accounting Concepts2. What is a Business Transaction? And what type of business transaction is recorded in the books of accounting?3. What is General Ledger Account? And what are different types of GL Accounts? How to balance General Ledger Account.4. Principle of Double Entry and the application of Debits and Credits5. Create Accounting Transactions by yourself and post to different General Ledger Accounts.6. Trial Balance. And why is it important?Are there any course requirements or prerequisites?There are no prerequisites to this course.Who this course is for:1. Accounting Students for whom this course will act as a supplement to their studies, who want to clear their accounting basics, and you can expect more class participation2. Working Professionals who wants to learn accounting or want to make their accounting basics strong3. Business Owners who want to learn the accounting basics and how it can help in applying accounting logics in real time. And help them to maintain their accounting books

Overview

Section 1: Introduction to Accounting

Lecture 1 Introduction to Accounting

Lecture 2 Overview of Accounting

Lecture 3 Purpose of Accounting

Lecture 4 Audience - Internal and External Users

Section 2: Overview of Different Accounting Concepts

Lecture 5 Accounting Concepts Overview

Lecture 6 The Entity Concept

Lecture 7 The Money Measurement Concept

Lecture 8 The Going Concern Concept

Lecture 9 The Periodicity Concept

Lecture 10 The Cost Concept

Lecture 11 The Realization Concept

Lecture 12 The Accrual Concept

Lecture 13 The Matching Concept

Section 3: Accounting Process

Lecture 14 Overview of Business Transaction

Lecture 15 Accounts and Types of Accounts

Lecture 16 Principle of Double Entry

Lecture 17 The Concept and Application of Debit and Credit

Lecture 18 Analysis of Business Transactions

Lecture 19 General Journal

Section 4: Create and Post to General Ledger Accounts

Lecture 20 General Ledger Account

Lecture 21 Create Journal Entries and Post to GL Accounts Part I

Lecture 22 Create Journal Entries and Post to Accounts Part II

Lecture 23 Balancing of the General Ledger Accounts

Section 5: Subsidiary Books and Trial Balance

Lecture 24 Subsidiary Ledgers - Special Journals

Lecture 25 Trial Balance

Beginner Accounting Students, Working Professionals, Business Owners