Published 6/2022MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHzLanguage: English | Size: 1.47 GB | Duration: 4h 30m
Accounting Fundamentals - Learn Accounting from the Foundations Up
What you'll learn
Learn the underlying principles of accounting
Learn core accounting concepts such as the 'accruals' concept, the 'matching principle' and 'going concern'
Learn and distinguish between accruals accounting and cash accounting when preparing financial statements
Learn the accounting equation and understand how it is affected by business transactions
Learn what debits and credits are and know how bookkeepers use these to record revenues, expenses, assets, liabilities, and equity in an enterprise
Learn what a trial balance is in the context of Accounting
Understand and appreciate what an accounting 'journal' is and how this impacts an entity's Trial Balance
Prepare a trial balance based on accounting journals
Know what the Income Statement, Balance Sheet and Cash Flow Statements are and how these are used for by businesses
Interpret the three primary statements (Income Statement, Balance Sheet, and Cash Flow statement) and explain what these are to various stakeholders
Explain what 'Capitalisation' means in accounting and have an appreciation of why depreciation is required under accounting principles
Classify revenues, expenses, assets, liabilities, and equity in the relevant financial statements
Account for various items such as purchases of inventory, sales of inventory (and the the associated cost), accruals, prepayments, deferred income and more
Produce a set of financial statements under accounting principles
Prepare a cash flow statement once the Income Statement and Balance Sheet has been prepared in accordance with accounting principles
Requirements
There is no previous experience in accounting needed.