Free Accounting Tutorial – Accounting 106 – Merchandise Inventory
Learn the basic accounting principles and concepts in Principles of Accounting: Accounting 106. This course is perfect for beginners and offers real-life examples to enhance understanding. Gain the skills to become a professional accountant or earn passive income through freelance bookkeeping. Speed up or slow down videos to match your learning pace. Master inventory valuation methods and practice solving questions. Suitable for anyone interested in accounting or looking to enhance their skills. Start your accounting journey today!
Principles Of Accounting:Accounting 106 is the 6th course in a series of Accounting Courses that are designed to help the complete beginner, go on to master the basics concepts of accounting and move on step by step to become a professional accountant! Students can further their knowledge of key accounting concepts which they can use in their full time employment goals or even can use this series to pick up freelance jobs to earn passive income by maintaining/completing book keeping entries for others via freelance websitesThe course is not just theory but also takes real life examples and walks you through the accounting process. It is meant for students who would like to grasp the accounting concepts in an easy and fun learning environment. This is a medium paced course however students can speedup or slow down the videos of the course using the control buttons at the bottom of each videoCourse Outline:In this course we are going to learn about the basic accounting principles of:What is Inventory?What is the periodic and perpetual methods of inventory valuationFIFO (First In First Out Method of Inventory ValuationLIFO (Last In First Out Method of Inventory ValuationAverage Cost Method of Inventory ValuationLearn By Practice – We will be solving 6 Questions Together!Finding the Ending InventoryFinding the Cost of Goods SoldFinding the Gross ProfitHaving completed the Entire Series students of the proper age should be able to take up entry level jobs as book keepers, however students would have to practice these concepts again and again externally so that they can grasp real world applications quickly.Who this course is for:Anyone looking to learn Accounting as a BeginnerThose looking to make passive income taking on freelance jobsThose looking to grow their accounting skills obtain higher level of understanding of accounting concepts
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