Accounting 101 – Learn the Basic Principles the Right Way

Understand debits and creditsUnderstand the double entry systemThe 5 account types: assets, liabilities, owner’s equity, revenues and expensesThe true nature of each account typeHow to use T accountsHow to create and read balance sheetsHow to create and read profit loss statementsHow to check your accounts with a trial balanceHow to create and post journalsUnderstand the 8 step accounting cycle*** 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 businessAre tired of being confused by your accountantNeed a refresher course on accounting fundamentalsHope to start a career in accounting or financeAlready work in finance and want to learn new skillsWhat you will get out of this courseEven if you know nothing about accounting you will finish this course with the confidence to:Read financial reportsDo the books for your own business; orGo on to learn more about accountingWhy this is the best course on accounting basicsAccounting 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 creditsWhat the double entry system is and why it is importantThe nature and true business definition of the five types of accounts:AssetsLiabilitiesOwner’s equityExpensesRevenuesHow to use T accounts to help with your accountingThe importance of using accounting and bookkeeping softwareHow to create and understand balance sheetsHow to create and understand profit and loss statementsHow to create and post journal entriesHow to use a trial balance to check your accountsThe eight steps of the accounting cycle and where the lessons you have learned in this course fit into the cycleAbout your instructorHi , 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 accountingBusiness owners who want to do their own bookkeepingAnyone who gets confused in meetings with accountantsAnyone looking to build a foundation of knowledge for future learning