What you'll learn

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✅ Understand core accounting principles and financial reporting standards.
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✅ Master double-entry bookkeeping and the accounting cycle.
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✅ Analyze financial statements to assess business performance.
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✅ Manage accounts receivable, accounts payable, and bank reconciliations.
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✅ Apply inventory valuation methods and depreciation techniques.
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✅ Process payroll accounting, tax calculations, and employer contributions.
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✅ Develop budgeting, forecasting, and financial decision-making skills.
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✅ Use financial ratios and analysis techniques for business evaluation.

Course Curriculum

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12 Lectures

Chapters 12 Curriculum Elements

Chapter 1: Introduction to Accounting

Chapter 2: Accounting Principles and Concepts

Chapter 3: The Accounting Cycle

Chapter 4: Financial Statements

Chapter 5: Double-Entry Accounting and the Ledger System

Chapter 6: Cash and Bank Reconciliation

Chapter 7: Accounts Receivable and Payable Management

Chapter 8: Inventory Accounting and Management

Chapter 9: Fixed Assets, Depreciation, and Amortization

Chapter 10: Payroll Accounting and Taxation

Chapter 11: Financial Analysis and Ratio Interpretation

Chapter 12: Budgeting, Forecasting, and Financial Decision-Making

Requirements

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✅ Basic mathematical skills (addition, subtraction, percentages).
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✅ Familiarity with business concepts (sales, expenses, profit).
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✅ An understanding of financial transactions (banking, payments).
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✅ Access to spreadsheet software (Excel, Google Sheets) for financial analysis.
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✅ A willingness to learn and apply accounting principles in real-world scenarios.

Description

Introduction

Accounting is the backbone of financial management, enabling businesses to track income, expenses, and profitability. This course covers the fundamentals of accounting, from basic concepts to advanced financial analysis. It equips learners with essential skills to manage business finances, ensure compliance, and make strategic decisions. Whether you are a beginner or looking to refine your accounting expertise, this course provides step-by-step guidance to mastering financial reporting, taxation, and managerial accounting.

Core Accounting Principles and Concepts

The course starts with the fundamental principles of accounting, including the accrual vs. cash basis of accounting, the accounting equation, and financial principles such as consistency, prudence, and materiality. Learners gain a deep understanding of GAAP and IFRS, which govern financial reporting standards worldwide.

The accounting cycle is introduced, covering the entire process from recording journal entries to preparing financial statements. Topics include double-entry bookkeeping, trial balances, adjusting entries, and closing entries, ensuring accuracy in financial records.

Financial Statements and Analysis

A major component of accounting is financial reporting. Learners explore the four key financial statements:

✅ Income Statement – Measures a company’s profitability.
✅ Balance Sheet – Shows a company’s assets, liabilities, and equity.
✅ Cash Flow Statement – Tracks cash inflows and outflows.
✅ Statement of Changes in Equity – Reports changes in ownership equity.

Financial analysis is covered in-depth, teaching how to interpret statements using profitability, liquidity, solvency, and efficiency ratios. Horizontal and vertical analysis techniques help identify business trends and financial strengths.

Managing Business Transactions

The course provides hands-on learning on managing financial transactions through:

✅ Accounts Receivable Management – Tracking customer payments, reducing bad debts.
✅ Accounts Payable Management – Managing supplier payments for smooth operations.
✅ Cash and Bank Reconciliation – Ensuring cash book and bank statements match.
✅ Inventory Accounting – Understanding FIFO, LIFO, and weighted average cost methods.

By mastering these concepts, learners improve business cash flow and financial stability.

Depreciation, Fixed Assets, and Taxation

Managing long-term assets is crucial for financial planning. The course explains:

✅ Types of Fixed Assets – Property, machinery, equipment, and vehicles.
✅ Depreciation Methods – Straight-line, declining balance, and units of production.
✅ Amortization of Intangible Assets – Handling patents, trademarks, and goodwill.
✅ Payroll Accounting – Calculating salaries, taxes, and employer contributions.
✅ Taxation and Compliance – Understanding corporate tax, VAT, and payroll deductions.

Learners gain practical knowledge on tax reporting, payroll processing, and employer obligations.

Budgeting, Forecasting, and Decision-Making

Businesses rely on financial planning for growth. This course covers:

✅ Budget Types – Operational, capital, and cash flow budgeting.
✅ Forecasting Techniques – Predicting revenue, expenses, and market trends.
✅ Break-even Analysis – Calculating the point at which revenue covers costs.
✅ Cost-Benefit Analysis – Making data-driven investment decisions.

By the end, learners can create budgets, analyze financial trends, and make strategic decisions for sustainable business growth.

Instructors

SP

Shivam Pandey
Digital Marketing

(3.67)

  156 Courses

  25 Students

  3 Reviews