Basics of Accounting

KEY FEATURES

Get financially literate - enhance your professional abilities!
Watch and learn with online videos - Read and learn with downloadable reading materials
Course materials created by practising professionals
Test yourself anytime, anywhere

ABOUT

This is not your typical accounting course! Even if you have taken an accounting course you will find the course useful. This course will enhance your ability to interpret economic activity and financial transactions. You will also be able to communicate more effectively and take better decisions in business and professional contexts.

Who should take this course?

You are a business owner and you need a better understanding of how the numbers are put together.
You are a manager and deal with accounting staff, bookkeepers, owners and subordinates. You hear accounting terms daily but you want to know more about what accounting means.

What will be covered?

The concepts of credit and debit
Practical understanding of various books of accounts
Basic concepts of accounting such as accounting period, measurement concept, and conservatism
Understand cash and accrual basis of accounting
Concepts like identifying assets and liabilities, depreciation, inventory and more
How to prepare a profit and loss account and a balance sheet

What is needed?

A standard Internet/data connection along with a computer/laptop/smartphone/tablet is enough to get you started!

Testing and completion

In addition to topic wise practice questions, this course offers a Course Completion Test (CCT). To qualify for the CCT, a learner has to complete 100% of the course. The CCT is conducted online to provide maximum flexibility to the learner. Based on the results of the CCT, a learner will be given a certificate of completion or a certificate of excellence.

CURRICULUM

UNIT 1: Introduction to Accounting

UNIT 2: Debits and Credits

UNIT 3: Books of Accounts

UNIT 4: Process for Making Accounting Entries

Process for Making Accounting Entries (Part 1)

Process for Making Accounting Entries (Part 2)

UNIT 5: Books of Prime Entry and Ledgers

Books of Prime Entry and Ledgers - I (Part 1)

Books of Prime Entry and Ledgers - I (Part 2)

Books of Prime Entry and Ledgers - II (Part 1)

Books of Prime Entry and Ledgers - II (Part 2)

UNIT 6: Basic Concepts Underlying Accountancy

UNIT 7: Assets and Liabilities

Assets and Liabilities (Part 1)

Assets and Liabilities (Part 2)

UNIT 8: Depreciation and Inventory

Depreciation and Inventory - I (Part 1)

Depreciation and Inventory - I (Part 2)

Depreciation and Inventory - II (Part 1)

Depreciation and Inventory - II (Part 2)

UNIT 9: Trial Balance

Trial Balance (Part 1)

Trial Balance (Part 2)

UNIT 10: Profit and Loss Account and Balance Sheet

Profit and Loss Account and Balance Sheet - I (Part 1)

Profit and Loss Account and Balance Sheet - I (Part 2)

Profit and Loss Account and Balance Sheet - II

OUTCOMES

You will learn how to record financial transactions in the double entry system of accounting
You will understand the types of accounts, the types of accounting entries, and the types of books of accounts and ledgers to be maintained
You will understand profit and loss accounts, balance sheets and concepts like depreciation, inventory and more
You will be able to better understand and analyse financial transactions

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PRE-REGISTER

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