Accounting 101 – Learn the Basic Principles the Right Way

Welcome to the Accounting Basics Course, your gateway to understanding the fundamental principles that drive the world of finance and business. In this comprehensive course, we will unravel the mysteries of accounting, equipping you with the essential knowledge and skills needed to navigate financial data, interpret reports, and make informed decisions. Whether you're a beginner eager to explore the realm of numbers or an aspiring finance professional seeking a solid foundation, this course is designed to cater to your learning needs. Accounting is a very broad subject. This course has been curated by the Instructor by choosing the best topics to cover in an introductory lesson. Then, deliver them in the right order, so you can start with the basics and build on them as you go.

You will be able to do the following by the end of this course:

• Debits and credits
• What the double entry system is, and why is it 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

Why Choose this course?

- Developed and delivered by - dedicated Teacher | Accountant | Bookkeeper | Entrepreneur

- Get Instant E-certificate

- Entirely online

- Self-paced learning and laptop, tablet, and smartphone-friendly

And you will also get the following:

• Free PDF Certificate

Certificate of completion

Digital certificate - Included

Accounting 101 – Learn the Basic Principles the Right Way

• Introduction: Discover the pivotal role of accounting in business, its historical significance, and its impact on decision-making processes.

• Accounting Basics: Lay the foundation with an exploration of the double-entry system, understanding how transactions have dual effects.

• Assets and Liabilities: Learn to distinguish between assets and liabilities, and comprehend their role in determining a company's financial health.

• Balance Sheets: Dive into balance sheets, decoding how they portray a snapshot of a company's financial position at a given time.

• Profit and Loss Statements: Unravel the mysteries of profit and loss statements, uncovering insights into a company's revenue, expenses, and profitability.

• Journals: Master the art of recording financial transactions through journals, capturing the essence of each business activity.

• Trial Balance: Understand the importance of the trial balance in ensuring accuracy by reconciling debits and credits before financial statements are prepared.

• Accounting Cycle: Follow the sequence of steps in the accounting cycle, from recording transactions to generating financial reports, and closing the books.

  Embark on this journey through essential accounting concepts, equipping yourself with skills that open doors to informed financial decision-making and professional growth.

Certificates

Course Central proudly offers a Certificate of Completion to all who complete courses successfully. Course Central tracks the learner’s course progress. However, the learner is responsible for validating the completion and understanding of the course. All Certificates of Completion can be validated from the Course Central website using the validation code.

Transcripts

A Transcript for the course with completed module details can also be requested from the platform. Please note that all course Certificates and Transcripts will be titled as published on the Course Central platform.

Are you interested in unravelling the world of numbers and financial data? Do you find yourself curious about the language that businesses use to communicate their financial health? If you're looking to build a strong foundation in the realm of accounting, then this Accounting Basics course is tailor-made for you. Whether you're a small business owner aiming to manage your company's finances more effectively or a student pursuing a career in finance, this course will equip you with the essential skills you need.

1. Students: If you're a student majoring in business, finance, economics, or any related field, this course will give you the head start you need to grasp advanced accounting concepts later in your academic journey.
2. Small Business Owners: Managing your business's finances can be a daunting task. This course will empower you to understand and interpret your financial statements, enabling better decision-making and improved financial performance.
3. Aspiring Finance Professionals: If you're considering a career in accounting, auditing, financial analysis, or any finance-related role, this course will lay the groundwork for your future success.
4. Non-Finance Professionals: Even if you're not directly working in finance, understanding accounting basics can enhance your ability to interpret financial reports, contribute to budget discussions, and communicate effectively with finance teams.

• No specific previous qualification is required.

Embarking on the journey of learning accounting basics opens up a wide array of promising career opportunities in various industries. Here are some exciting career prospects that await you after completing the Accounting Basics course:

1. Accounts Payable/Receivable Clerk
2. Financial Analyst
3. Small Business Owner
4. Accounting Assistant
5. Tax Preparer

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