Accounting 101 - Learn the Basic Principles the Right Way

Accounting 101 - Learn the Basic Principles the Right Way

*** Accounting is easy to learn when taught the right way. We’ve got your covered! ***

Is this course for you?

Our course on accounting basics is perfect if you:

• Want to do the accounts for your own business

• Are tired of being confused by your accountant

• Need a refresher course on accounting fundamentals

• Hope to start a career in accounting or finance

• Already work in finance and want to learn new skills

What you will get out of this course

Even if you know nothing about accounting you will finish this course with the confidence to:

• Read financial reports

• Do the books for your own business; or

• Go on to learn more about accounting

Why this is the best course on accounting basics

Accounting is a huge subject so we have carefully selected the best topics to include in an introduction to accounting course. We then teach them in the right order so you can start from the basics and build on your new knowledge bit by bit.

By the end of this course you will understand:

• Debits and credits

• What the double entry system is and why it is important

• The nature and true business definition of the five types of accounts:

  • Assets

  • Liabilities

  • Owner’s equity

  • Expenses

  • Revenues

• How to use T accounts to help with your accounting

• The importance of using accounting and bookkeeping software

• How to create and understand balance sheets

• How to create and understand profit and loss statements

• How to create and post journal entries

• How to use a trial balance to check your accounts

• The eight steps of the accounting cycle and where the lessons you have learned in this course fit into the cycle

About your instructor

Hi , I’m Mark Cunningham and I am a qualified accountant. I have worked for businesses and government organisations of all shapes and sizes both at home and overseas. I really enjoy teaching what I know to people like you who are looking to expand their knowledge. I look forward to teaching you through my Udemy courses. Please feel free to ask me questions at any time while you are completing this course as I’m always happy to help.

Learn about debits and credits, balance sheets, profit & loss, journals, assets, liabilities, trial balance and more.

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What you will learn

• Understand debits and credits
• Understand the double entry system
• The 5 account types: assets, liabilities, owner's equity, revenues and expenses

Rating: 4.35714

Level: Beginner Level

Duration: 1 hour

Instructor: Mark Cunningham