Course 1

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About Course

This comprehensive Accounting course is designed to build a strong foundation in the principles, logic, and real-world application of financial accounting. Whether you are a commerce student, CA/CS/CMA aspirant, business owner, or someone entering the finance domain, this course takes you step-by-step from basic concepts to complete financial statement preparation.

Throughout the course, you will learn how businesses record, classify, summarize, and interpret financial information—giving you the skills and confidence to understand any organisation’s financial health.

What Will You Learn?

  • By the end of this course, you will gain a complete understanding of the fundamentals and practical applications of accounting, including:
  • Accounting Concepts & Framework
  • The purpose, scope, and need for accounting
  • Key accounting terms, principles, assumptions, and standards (GAAP/IFRS)
  • Difference between bookkeeping and accounting
  • Recording & Classifying Transactions
  • Rules of debit and credit
  • Journal entries for all major business transactions
  • Ledger posting and balancing
  • Cash book, petty cash book, and subsidiary books
  • Accounting Cycle Mastery
  • Vouchers and source documents
  • Preparing trial balance
  • Identifying, analysing, and rectifying common errors\
  • Depreciation & Asset Accounting
  • Straight-line and written-down value methods
  • Asset disposal and change in method
  • Bank Reconciliation Statement
  • Understanding passbook vs. cash book differences
  • Preparing a detailed BRS with examples
  • Bills of Exchange
  • Discounting, renewal, dishonour, retirement
  • Journal entries for all scenarios
  • Final Accounts Preparation
  • Trading Account, Profit & Loss Account, and Balance Sheet
  • Adjustments: outstanding/prepaid expenses, accrued income, bad debts, provisions, closing stock, and depreciation
  • Financial Analysis Basics
  • Introduction to important ratios
  • Interpreting financial performance

Course Content

1. Accounting Fundamentals
Meaning, objectives, and scope of accounting Bookkeeping vs. accounting Users of accounting information Basic terminologies: assets, liabilities, capital, revenue, expenses

  • Meaning, objectives, and scope of accounting
    02:00:00
  • Bookkeeping vs. accounting

2. Accounting Principles & Concepts
GAAP, IFRS, and fundamental accounting assumptions Accrual vs. cash basis Revenue recognition, matching principle Consistency, prudence, materiality & other key concepts

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