Accounting 101 - Learn the Basic Principles the Right Way
Accounting 101 - Learn the Basic Principles the Right Way
Learn about debits and credits, balance sheets, profit & loss, journals, assets, liabilities, trial balance and more.
Understand debits and credits
Understand the double entry system
The 5 account types: assets, liabilities, owner's equity, revenues and expenses
The true nature of each account type
How to use T accounts
How to create and read balance sheets
How to create and read profit & loss statements
How to check your accounts with a trial balance
How to create and post journals
Understand the 8 step accounting cycle
Description
*** Accounting is easy to learn when taught the right way. We’ve got your covered! ***
Is this course for you?
Our course on accounting basics is perfect if you:
Want to do the accounts for your own business
Are tired of being confused by your accountant
Need a refresher course on accounting fundamentals
Hope to start a career in accounting or finance
Already work in finance and want to learn new skills
What you will get out of this course
Even if you know nothing about accounting you will finish this course with the confidence to:
Read financial reports
Do the books for your own business; or
Go on to learn more about accounting
Why this is the best course on accounting basics
Accounting is a huge subject so we have carefully selected the best topics to include in an introduction to accounting course. We then teach them in the right order so you can start from the basics and build on your new knowledge bit by bit.
By the end of this course you will understand:
Debits and credits
What the double entry system is and why it is important
The nature and true business definition of the five types of accounts:
Assets
Liabilities
Owner’s equity
Expenses
Revenues
How to use T accounts to help with your accounting
The importance of using accounting and bookkeeping software
How to create and understand balance sheets
How to create and understand profit and loss statements
How to create and post journal entries
How to use a trial balance to check your accounts
The eight steps of the accounting cycle and where the lessons you have learned in this course fit into the cycle
About your instructor
Hi , I’m Mark Cunningham and I am a qualified accountant. I have worked for businesses and government organisations of all shapes and sizes both at home and overseas. I really enjoy teaching what I know to people like you who are looking to expand their knowledge. I look forward to teaching you through my Udemy courses. Please feel free to ask me questions at any time while you are completing this course as I’m always happy to help.
Who this course is for:
Anyone hoping for a career in finance and accounting
Business owners who want to do their own bookkeeping
Anyone who gets confused in meetings with accountants
Anyone looking to build a foundation of knowledge for future learning
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