Beginner Level Accounting

Categories: Accounting, Beginner Level

1. Understand the fundamentals of accounting and the role it plays in business
2. Apply the accounting equation and double-entry system in real-life scenarios
3. Record journal entries, post to ledgers, and prepare trial balances
4. Manage assets, liabilities, and equity accounts with accuracy
5. Create financial statements including income statement and balance sheet
6. Perform adjustments and closing entries at period-end
7. Interpret financial data for better business decisions
8. Maintain proper ethical practices and internal controls
9. Use bookkeeping tools and reconcile accounts
10. Complete a real-world accounting project from start to finish

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

📘 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)

📘 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

📘 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

📘 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

📘 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

📘 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

📘 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

📘 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

📘 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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