Course Content
📘 Lesson 1: Introduction to Accounting
🎯Learning Objectives: Understand what accounting is and why it matters Know the history and evolution of accounting Identify the users of accounting information Recognize the different types of accounting and their roles
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Lesson 1.1: What is Accounting?
Lesson 1.2: History and Evolution of Accounting
Lesson 1.3: Importance in Business
Lesson 1.4: Users of Accounting Information
Lesson 1.5: Types of Accounting
📘 Lesson 2: Basic Accounting Concepts & Principles
🎯 Learning Objectives: Understand the accounting equation and double-entry system Learn the core principles and assumptions of accounting Familiarize yourself with global standards (GAAP & IFRS)
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Lesson 2.1: The Accounting Equation
Lesson 2.2: The Double-Entry System
Lesson 2.3: GAAP and IFRS Basics
Lesson 2.4: Key Accounting Principles
Lesson 2.5: Accounting Assumptions
📘 Lesson 3: The Accounting Cycle
🎯 Learning Objectives: Understand each step of the accounting cycle Learn how to journalize, post to ledger, and prepare a trial balance Apply the cycle to real business scenarios
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Lesson 3.1: Steps of the Accounting Cycle
Lesson 3.2: Source Documents & Transaction Analysis
Lesson 3.3: Journal Entries
Lesson 3.4: Posting to the Ledger
Lesson 3.5: Trial Balance Preparation
📘 Lesson 4: Accounting for Assets
🎯 Learning Objectives: Understand the different types of assets Learn how to record, track, and depreciate assets Apply inventory valuation methods and handle intangible assets
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Lesson 4.1: Cash and Bank
Lesson 4.2: Accounts Receivable
Lesson 4.3: Inventory Accounting
Lesson 4.4: Fixed Assets & Depreciation
Lesson 4.5: Intangible Assets
📘 Lesson 5: Accounting for Liabilities & Equity
🎯 Learning Objectives: Understand short-term and long-term liabilities Record and manage equity transactions Differentiate between owner's equity, retained earnings, and dividends
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Lesson 5.1: Accounts Payable
Lesson 5.2: Notes Payable and Loans
Lesson 5.3: Accrued Expenses
Lesson 5.4: Owner’s Equity vs. Retained Earnings
Lesson 5.5: Capital Contributions and Withdrawals
Lesson 5.6: Dividends
📘 Lesson 6: Adjusting & Closing Entries
🎯 Learning Objectives: Understand why adjustments are necessary at period-end Learn to record common adjusting entries (accruals, deferrals, depreciation) Prepare closing entries to reset temporary accounts for the new period
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Lesson 6.1: Need for Adjustments
Lesson 6.2: Prepaid & Accrued Items
Lesson 6.3: Depreciation Adjustments
Lesson 6.4: Closing Revenue and Expense Accounts
Lesson 6.5: Post-Closing Trial Balance
📘 Lesson 7: Financial Statements
🎯 Learning Objectives: Understand the structure and purpose of all key financial statements Learn how to prepare each statement from ledger/trial balance data Interpret results for decision-making
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Lesson 7.1: Income Statement
Lesson 7.2: Balance Sheet
Lesson 7.3: Cash Flow Statement
Lesson 7.4: Statement of Changes in Equity
Lesson 7.5: Interpreting Financial Reports
📘 Lesson 8: Bookkeeping in Practice
🎯 Learning Objectives: Understand day-to-day bookkeeping processes Maintain cashbooks, ledgers, and petty cash systems Reconcile bank statements and explore basic accounting software
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Lesson 8.1: Manual vs. Digital Bookkeeping
Lesson 8.2: Recording Daily Transactions
Lesson 8.3: Petty Cash Management
Lesson 8.4: Reconciling Bank Statements
Lesson 8.5: Bookkeeping Software Overview
📘 Lesson 9: Ethics, Controls & Errors
🎯 Learning Objectives: Understand ethical responsibilities in accounting Learn internal control principles and their practical implementation Identify and correct common accounting errors
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Lesson 9.1: Ethics in Accounting
Lesson 9.2: Common Fraud Schemes
Lesson 9.3: Internal Controls Basics
Lesson 9.4: Identifying and Correcting Errors
📘 Lesson 10: Final Project + Certification Exam
🎯 Learning Objectives: Apply full knowledge of the accounting cycle in a real-world business scenario Prepare complete sets of financial statements from scratch Demonstrate mastery through a comprehensive final assessment Earn a recognized certificate of completion
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Lesson 10.1: Final Project – Case-Based Accounting Simulation
Lesson 10.2: Certification Exam
Beginner Level Accounting

🛠️ Fixed Assets Examples:

  • Equipment

  • Buildings

  • Furniture

🔻 Depreciation Methods:

Method Formula
Straight Line (SLM) (Cost – Residual Value) ÷ Useful Life
Written Down Value (WDV) Depreciation % on Book Value each year

📝 Journal Entry:

Depreciation A/c Dr. ₹2,000
To Equipment A/c ₹2,000

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