Concepts Of Accounting:
” Accounting 101 is Part 1 out of a series of Accounting Courses that are designed to assist the complete newbie, go on to master the essentials concepts of accounting and carry on step by step to become an expert accounting professional!
The course is not just theory but also takes reality examples and strolls you through the accounting process. It is implied for students who wish 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 quickly because it is created for the novice trainee. Those students who are already familiar with accounting principles ought to take an advanced level course instead.
In this course we are going to learn more about the basic accounting concepts of:
What are Assets?
What are Liabilities?
What is Earnings?
What are Expenses?
What is Capital?
Kinds Of Deals, Cash or Credit?
Double Entry System
Rules for Debit & & Credit
Passing Journal Entries / Publishing Entries To The General Journal
Having finished the whole series students of the correct age would have the ability to take up entry level tasks as accounting professionals, nevertheless students would have to practice these principles once again and once again externally so that they can grasp real world applications rapidly.
The other parts of this Accounting Series are as follows:
Accounting 102 – The Journal & & The Trial Balance
Accounting 103 – The Unique Journals & & The Subsidiary Ledgers
Accounting 104 – Bank Reconciliation & & Correction Of Mistakes