What you'll learn
Students will be able to classify the types of accounts
Students will be able to classify the types of transactions
Students will be able to understand debit & credit
Students will be able to pass Journal Entries
Requirements
You should be able to use the computer at a basic level
Description
Principles Of Accounting:"Accounting 101 is Part 1 out of a series of Accounting Courses that are designed to help the complete beginner, go on to master the basics concepts of accounting and move on step by step to become a professional accountant!The course is not just theory but also takes real life examples and walks you through the accounting process. It is meant for students who would like to grasp the accounting concepts in an easy and fun learning environment. This is a slow moving course. Please do not expect me to move fast since it is designed for the beginner student. Those students who are already aware of accounting concepts should take a more advanced level course instead.Course Outline:In this course we are going to learn about the basic accounting principles of:Types Accounts,What are Assets?What are Liabilities?What is Revenue?What are Expenses?What is Capital?Types of Transactions, Cash or Credit?Double Entry SystemRules for Debit & CreditPassing Journal Entries / Posting Entries To The General JournalHaving completed the entire series students of the proper age would be able to take up entry level jobs as accountants, however students would have to practice these concepts again and again externally so that they can grasp real world applications quickly.Other Courses:The other parts of this Accounting Series are as follows:Accounting 102 - The Ledger & The Trial BalanceAccounting 103 - The Special Journals & The Subsidiary LedgersAccounting 104 - Bank Reconciliation & Correction Of Errors
Overview
Section 1: Introduction To The Course
Lecture 1 Introduction
Section 2: The Basics
Lecture 2 Welcome To Accounting
Lecture 3 What are Assets?
Lecture 4 What are Liabilities?
Lecture 5 What is Revenue?
Lecture 6 What are Expenses?
Lecture 7 What is Capital?
Lecture 8 The Accounting Process
Lecture 9 Types Of Transactions
Lecture 10 Practice Types Of Transactions
Lecture 11 Double Entry System
Section 3: The Journal
Lecture 12 What is the Journal
Lecture 13 The Journal Part 1 - Starting Entries
Lecture 14 The Journal Part 2 - Sales & Sales Return
Lecture 15 The Journal Part 3 - Cash Drawn
Section 4: Conclusion & Practice Questions
Lecture 16 Practice Question 1
Lecture 17 Practice Question 2
Section 5: Quiz To Test Your Knowledge
Anyone looking to learn Accounting as a beginner,Beginners Only... This is a slow paced course that teaches students who have no previous education in accounting principles.


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