Udemy - Accounting Basics in 90 minutes

What you'll learn
Fundamentals of Bookkeeping (Debits & Credits) & Accounting
Bank Transactions, Day Books & Journals to create a Trial Balance
Trial Balance and Audit Adjustments
Create Financial Statements
Read Financial Statements
Investment Decision Making
Requirements
No Experience Required
Description
This course is for students who want to learn quickly what Accounting is or are struggling to grasp the concept of Accountancy. The course takes a step back and starts at the high-level to thoroughly explain each concept in a simple and clear fashion. After this, we drill down into the detail and explain further each concept so you can quickly get a good grasp of Accounting. The course is for anyone who wants to better understand accounting for work or they're starting out in business, also solid first steps for anyone who needs to sit & pass a module in Accounting, or for general interest purposes.The course covers how Accountancy originated, Debits & Credits, Cash V Profit, Various Bookkeeping methods, Traditional Bookkeeping and also Bank Transactional Bookkeeping. We also cover Sales & Purchase Day Books, and how invoices and transactions are dealt with within the Accounting Records, including how to calculate VAT.Audit adjustments are explained along with Trial Balances, allowing for the preparation of the Financial Statements, Profit & Loss Account, Balance Sheet & Balance Sheet Control Accounts, and Cash Flow Statement.There is also a bonus section, Investment Decision Making, where we explain useful investment models Sunk Cost, Return on Investment, Internal Rate of Return (IRR) and Net Present Value (NPV).
Who this course is for
Starting your own business
Learning & studying Accountancy & Finance
Learning Double-Entry Bookkeeping
Wanting to Read a Balance Sheet
Wanting to Read a Profit & Loss Account
Wanting to Read a Cash Flow Statement
Obtain a better understanding of Accounting
Board Executive in a Non-Accountancy Role
Non-Executive Director
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