Financial Accounting & Bookkeeping – Beginners to Advanced

• What is accounting & Bookkeeping | Accounting cycle | Stakeholders | Basic accounting terminologies | Objectives & limitations of accounting
• Learn about double entry system | Accrual & cash accounting
• Must-know accounting principles| Generally accepted accounting principles | Basic assumptions of accounting | Basic Principles of accounting
• How to analyze business transaction |Accounting equation | Developing accounting equation | Assets, liabilities, stockholders’ equity
• Complete accounting cycle| Journal | Classification of accounts | Rules of debit and credit | Journal entry and compound entry (journalizing transactions)
• Learn about ledger | Posting of journal entry | Normal balances
• Bad and doubtful debts
• Accruals & Prepayments
• How to prepare trial balance | Adjusting entries | Adjusted trial balance | Closing entries
• Preparation of financial statements | Specific items on Financial Statements | Income statement | Balance Sheet | Cash flow statement
• Recognition of assets, liabilities, revenue, and expense | Tangible and intangible assets | Fixed assets and current assets
• Depreciation & amortization | Methods of depreciation | Gain / loss on disposal of assets
• Inventory | Periodic and perpetual inventory system | Methods of valuation of inventory (FIFO, LIFO, Average)
• Learn to prepare bank reconciliation
• Learn about short-term investment and long-term investment
• Learn how to analyze financial statements | Ratio analysis

Course Title: Financial Accounting & Bookkeeping – Beginners to Advanced
Subtitle: Step-by-Step Financial Accounting & Bookkeeping: Build Skills from Scratch to Pro

Course Description:
Unlock the essentials of financial accounting and bookkeeping with this comprehensive course, designed to take you from beginner to advanced levels. Perfect for aspiring accountants, business owners, and anyone looking to master accounting fundamentals, this course covers everything from basic bookkeeping and the accounting cycle to advanced topics like financial statement analysis, adjusting entries, and revenue recognition.

What You’ll Learn:

• Introduction to Accounting

• Understanding the Journal and Journalizing the Accounting Transactions

• Accounting basics: double-entry bookkeeping, journal entries, and ledgers

• Ledger and Posting of Journal Entries

• Trial Balance

• Rectification of Errors

• Understanding Income Statement (Profit & Loss Statement)

• Preparation of Balance Sheet

• Cash Flow Statement – Preparation and Understanding

• Depreciation, Amortization, Depletion, Obsolescence

• Opening Entries, Adjustment Entries, Closing Entries

• Bank Reconciliation Statement

• Revenue and Receivables: Definition and Recording

• Accounting for Expense and Payable

• Accruals and Prepayments

• Other Income: Interest, Dividend, Gains, Rental, Claims, Grants, and more

• Other Expenses: Interest Expenses, Exchange Losses, and More

• Accounting for Inventory and Inventory Valuation

• Equity Accounting For Corporation

• Preparing and analyzing financial statements: balance sheet, income statement, and cash flow

• Advanced skills: accruals, adjusting entries, and revenue recognition

Why Take This Course?
Learn practical, real-world accounting skills with a step-by-step approach that’s perfect for all levels. Taught by industry expert, this course will build your confidence and skills, equipping you to manage financial records and analyze business performance.

Who this course is for:

• This accounting course is the best for beginners and advanced learners