Master Basic Accounting Concepts and Principles

Master Basic Accounting Concepts and Principles

The goal of this module is to understand bookkeeping/accounting terminology and concepts. The lessons are designed for small business owners and entrepreneurs with little to no accounting/bookkeeping background. If you're looking for a refresher course, you can enroll too. This course includes video lessons, quizzes, and carefully designed excel spreadsheets to carry out bookkeeping activities.

Here are the lessons we will cover throughout this course:

1. Defining accounting and understanding debits + credits

2. What is double-entry bookkeeping?

3. Double-entry bookkeeping Part 2

4. Quiz 1 Recap

5. Cash versus Accrual Accounting

6. Accounting Principles

7. Quiz 2 Recap

8. Debit and credit transactions with T-Charts

9. Journal entries and source documents

10. Journal entries and source documents Part 2

After the course

Once you have completed this course, it would be beneficial to complete the "Dissecting Financial Statements and Understanding Financial Ratios" course. The second course gives continuity to the "Basic Accounting Concepts and Principles" course. The goal of this module is to understand the financial statements a business should prepare on a periodic basis. We will discuss key terms and concepts necessary to succeed not only in this course, but also your professional career.

I have also designed two courses targeting QuickBooks Online. These course can be taken by anyone with an accounting background to further increase their knowledge of the accounting software and/or apply recently learnt accounting material.

Never too late to learn about bookkeeping and accounting!

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What you will learn

• Understand basic accounting concepts and vocabulary to non-accountants (i.e., small business owners)
• Tips and insights from professors who have worked in successful corporations.
• Understand why businesses need bookkeeping and accounting.

Rating: 5

Level: Beginner Level

Duration: 1.5 hours

Instructor: John L Gough