Complete Accounting & Bookkeeping Masterclass for Beginners

About Course

Whether you run a small business, work in a corporate role, or simply want to understand how money flows through an organisation, this course gives you a solid, practical foundation in accounting and bookkeeping — completely free.

You will learn how financial transactions are recorded, how the major financial statements connect, and how managers and investors use that information to make smarter decisions. By the time you finish, you will be able to read a balance sheet confidently, reconcile a bank account, analyse profitability, and understand cost behaviour.

What You Will Learn

The accounting equation and the double-entry bookkeeping system
How to set up a chart of accounts and record daily business transactions
How to prepare and interpret the three core financial statements
Practical bookkeeping: bank reconciliation, accounts receivable, accounts payable, inventory, payroll, and depreciation
Financial ratio analysis for smarter business decisions
Managerial accounting: break-even analysis, profitability improvement, and capital budgeting
Time value of money concepts used in investment decisions
Cost accounting: overhead allocation, activity-based costing, and standard costing

Who Is This Course For?

This course is designed for complete beginners — no prior accounting knowledge is required. It is perfect for small business owners, entrepreneurs, students, and anyone who wants to understand the language of business.

Course Format

33 in-depth text lessons organised into 9 structured sections, with a quiz at the end of each section and downloadable practice worksheets to reinforce your learning.

Course Content

Section 1: Foundations of Accounting
Build your accounting foundation: recording transactions, the double-entry system, organising accounts, and the core equation that underpins all of financial accounting.

Section 2: Financial Accounting and the Accounting Cycle
Understand the full accounting cycle from transaction to financial report, including adjusting entries that make your figures accurate under accrual accounting.

Section 3: The Core Financial Statements
Master the three financial statements every business produces: the balance sheet, income statement, and cash flow statement — and understand how they connect.

Section 4: Financial Ratio Analysis
Use financial ratios to analyse profitability, liquidity, efficiency, and solvency — and make smarter business and investment decisions.

Section 5: Day-to-Day Bookkeeping Operations
Practical bookkeeping skills: reconciling bank accounts, managing receivables and payables, valuing inventory, recording depreciation, and running payroll.

Section 6: Equity and Debt Financing
Understand how companies raise long-term capital through bonds and equity, and how these instruments are accounted for on the balance sheet.

Section 7: Managerial Accounting and Business Decisions
Apply accounting to real management decisions: break-even analysis, profit improvement strategies, and evaluating capital investments.

Section 8: Time Value of Money
Understand present value, future value, and annuities — the mathematical foundation behind loan calculations, investment decisions, and retirement planning.

Section 9: Cost Accounting — Overheads, ABC, and Standard Costing
Understand how manufacturing and non-manufacturing overheads are allocated, how Activity-Based Costing improves accuracy, and how standard costing drives performance management.

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About Course

What You Will Learn

Who Is This Course For?

Course Format

Course Content

Section 1: Foundations of Accounting Build your accounting foundation: recording transactions, the double-entry system, organising accounts, and the core equation that underpins all of financial accounting.

Section 2: Financial Accounting and the Accounting Cycle Understand the full accounting cycle from transaction to financial report, including adjusting entries that make your figures accurate under accrual accounting.

Section 3: The Core Financial Statements Master the three financial statements every business produces: the balance sheet, income statement, and cash flow statement — and understand how they connect.

Section 4: Financial Ratio Analysis Use financial ratios to analyse profitability, liquidity, efficiency, and solvency — and make smarter business and investment decisions.

Section 5: Day-to-Day Bookkeeping Operations Practical bookkeeping skills: reconciling bank accounts, managing receivables and payables, valuing inventory, recording depreciation, and running payroll.

Section 6: Equity and Debt Financing Understand how companies raise long-term capital through bonds and equity, and how these instruments are accounted for on the balance sheet.

Section 7: Managerial Accounting and Business Decisions Apply accounting to real management decisions: break-even analysis, profit improvement strategies, and evaluating capital investments.

Section 8: Time Value of Money Understand present value, future value, and annuities — the mathematical foundation behind loan calculations, investment decisions, and retirement planning.

Section 9: Cost Accounting — Overheads, ABC, and Standard Costing Understand how manufacturing and non-manufacturing overheads are allocated, how Activity-Based Costing improves accuracy, and how standard costing drives performance management.