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Accounting Basics

Learn the language of business and gain bonus that will help you manage your personal finances the best way

Beginner
4.3 (843 Ratings) 4,970 Students enrolled English
Created by Viktoria Nedelcheva
Last updated Wed, 12-Oct-2022

What will i learn?

  • Difference between bookkeeping and accounting
  • Assets, liabilities and owners' equity
  • Expenses and revenues
  • Prepaid expenses and unearned revenues
  • Transactions
Requirements
  • No prerequisites
Curriculum for this course
26 Lessons 00:19:26 Hours
  • Introduction
    Preview 00:01:11
  • Difference Between Bookkeeping and Accounting
    .
  • Accounting equation – assets, liabilities and owners’ equity
    .
  • Expanded accounting equation – revenues and expenses.
    .
  • Transactions
    .
  • Accounts
    .
  • Accrual accounting system
    00:02:36
  • Double-entry accounting system – general journal and general ledger
    00:03:06
  • Recording transactions
    .
  • Credit Purchase
    00:02:01
  • Cash purchases
    .
  • Credit sales
    00:03:35
  • Cash sales
    00:01:41
  • Unearned revenues
    00:01:41
  • Prepaid expenses
    .
  • Unrecorded expenses
    00:03:35
  • Unrecorded Revenues
    .
  • Depreciation
    .
  • Types of discounts
    .
  • Discount allowed
    .
  • Discount received
    .
  • Exercise 1
    .
  • Exercise 2
    .
  • Exercise 3
    .
  • Exercise 4
    .
  • Exercise 5
    .
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Course overview

This course is an interesting combination of business accounting basics (bookkeeping) and personal accounting basics (personal finance). It is something like a course that consists of two sub-courses.  This way you are able to improve your skills in two fields - business language and personal finance. Keep reading to understand what you are going to learn in both subcourses.

The first sub-course is your first big step to your business accounting journey. It is designed for all people who want to speak the business language.

With easy-to-follow animations and explanations, the course will help you to gain the gold skills that you need to do a good bookkeeping job.

In case you have already some bookkeeping knowledge, the course can be used for refreshing your bookkeeping and accountancy expertise.

You will be surprised by how beneficial this course is and how many things you will learn. The secret to the success of the course is that it consists of different learning resources:  videos with theory and examples, quizzes, and exercises with explanations.

Using all these learning forms you’ll become familiar with the main accounting terms and rules of recording the most common business transactions.

The second sub-course relates to Personal accounting (personal finance). Personal finance plays a significant role in the process of building financial freedom. Having the necessary personal finance literacy will help you to eliminate any financial uncertainty and build your bright financial future.
Some people struggle with understanding personal finance essentials because of a wide variety of terms. Therefore, I designed this simple and easy-to-follow course devoted to personal finance.
The first part of the sub-course explains essential terms related to personal finance. They are necessary to build your basic financial literacy and manage your money the right way.
The second part is more interesting. It gives suggestions on how you could increase your income and decrease your expense.
After the essential and interesting part comes the practical part. The third part shows you free budgeting software that you could use to plan your finance and achieve your financial goals.
At the end of the sub-course, you will be confident in the field of personal finance and you will be able to use real budgeting software.

So do not hesitate - gain gold skills in the field of bookkeeping and personal accounting (personal finance).

Who this course is for:

  • Entry-level accountants
  • Bookkeepers
  • Business' owners
  • Students
  • People who want to achieve financial health
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About instructor

Viktoria Nedelcheva

0 Reviews | 0 Students | 0 Courses

Reviews

  • I
    Indrawati
    21/03/2022
    Very descriptive
  • AG
    Amit G.
    25/03/2021
    Nice Videos and thoroughly explained. Go for It.
  • C
    Christopher K.
    23/03/2021
    The voice quality so far is mildly difficult to understand, and sounds incredibly echoed. But so far, I'm working through that issue. I'm only in section two at this point but so far I was hoping to get a a quick overview of how it all works , maybe some industry jargon and definitions to help understand what they mean. But I'm optimistic for the future.
  • S
    Siddharth M
    21/03/2021
    quite informative. good topics covered. very interesting
  • S
    Shrey P
    27/02/2021
    staring was really nice and motivated to learn about accounting
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