Basic Accounting Concepts & Cycle in Less than 40 minutes
Learn the fundamentals of accounting, including debits and credits, journal entries, and the account cycle. Prepare balance sheets and income statements. No prior knowledge required. Perfect for accounting students, small business owners, and anyone interested in accounting.
Learn how debits and credits workLearn about the 5 types of accounts used in AccountingLearn how to make journal entriesUnderstand the account cycleHow to prepare a balance sheet and income statementLearn about the full accounting cycle with a comprehensive example! In addition, you’ll learn about the accounting equation, different types of accounts used in accounting to record various transactions, how the business transactions are recorded, and the preparation of the Income Statement and Balance Sheet. Good news! No prerequisite knowledge is required for this course and you’ll learn all this in less than 40 minutes.When I was taking Accounting 101 and learning about the various accounting concepts, I struggled to understand the full accounting cycle and failed to tie all the bits and pieces of accounting concepts I was taught.As such, I have designed this course, where I’ll start by teaching you about the fundamental accounting principles: the accounting equation, how debits and credits work, and how to record a business transaction in accounting. Moreover, I’ll teach you about the common accounts that are used to record business transactions. Then using a comprehensive example, I will take you through the full accounting cycle for the full accounting period and end with the preparation of the Income Statement and Balance Sheet!I am confident after going through this course, you’ll have a strong understanding of the core accounting principles and the accounting cycle.Who this course is for:Accounting Students (Beginner)Small business ownersBusiness StudentAnyone interesting in accounting!
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