Master Basic Accounting Concepts and Principles
Learn basic accounting concepts and vocabulary for small business owners. Understand double-entry bookkeeping and complete debit/credit transactions. This course includes video lessons, quizzes, and excel spreadsheets. Perfect for beginners and intermediate users of accounting.
What you’ll learn
- Understand basic accounting concepts and vocabulary to non-accountants (i.e., small business owners)
- Tips and insights from professors who have worked in successful corporations.
- Understand why businesses need bookkeeping and accounting.
- Complete a list of debit and credit transactions to better understand double-entry bookkeeping.
The goal of this module is to understand bookkeeping/accounting terminology and concepts. The lessons are designed for small business owners and entrepreneurs with little to no accounting/bookkeeping background. If you’re looking for a refresher course, you can enroll too. This course includes video lessons, quizzes, and carefully designed excel spreadsheets to carry out bookkeeping activities.
Here are the lessons we will cover throughout this course:
Defining accounting and understanding debits + credits
What is double-entry bookkeeping?
Double-entry bookkeeping Part 2
Quiz 1 Recap
Cash versus Accrual Accounting
Accounting Principles
Quiz 2 Recap
Debit and credit transactions with T-Charts
Journal entries and source documents
Journal entries and source documents Part 2
After the course
Once you have completed this course, it would be beneficial to complete the “Dissecting Financial Statements and Understanding Financial Ratios” course. The second course gives continuity to the “Basic Accounting Concepts and Principles” course. The goal of this module is to understand the financial statements a business should prepare on a periodic basis. We will discuss key terms and concepts necessary to succeed not only in this course, but also your professional career.
I have also designed two courses targeting QuickBooks Online. These course can be taken by anyone with an accounting background to further increase their knowledge of the accounting software and/or apply recently learnt accounting material.
Who this course is for:
- Beginners and Intermedia users of accounting looking to learn more for their job or entrepreneurial reasons.
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