Bookkeeping1 Course

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Learn the basics of bookkeeping

Last updated 2022-01-10 | 3.4

- Understand the bookkeeping basics and fundamentals
- Apply the accounting equation
- Journalize and post transactions from the journal to the general ledger (chart of accounts)

What you'll learn

Understand the bookkeeping basics and fundamentals
Apply the accounting equation
Journalize and post transactions from the journal to the general ledger (chart of accounts)
Prepare financial statements
Track inventories
Handle accounts receivable and accounts payable

* Requirements

* Positive attitude
* Eager to learn

Description

This course provides a basic training to Bookkeeping. 

I have designed this course to be short and sweet, just so that you understand the essentials of bookkeeping. With these essentials under your belt, you will be bale to grasp any other concept much better, and much faster. You will also gain a deeper understanding.

You will learn the basic principles and assumptions, the basic financial statements, debits and credits, and the appropriate journal and adjusting entries. This course will show you that bookkeeping is easy and can be learned fast.

Enjoy!

Who this course is for:

  • Anyone who wants to know bookkeeping

Course content

4 sections • 22 lectures

Principles and Fundamentals 8 lectures

Introduction to principles and fundamentals of bookkeeping and accoutning Preview 00:27

The Language of Business Preview 01:30

Principles and assumptions Preview 02:32

The Accounting Equation Preview 02:13

Effects on the Accounting Equation Preview 10:06

Preparing Financial Statements Preview 05:10

Exercise 1: Business Transactions Preview 02:05

Exercise 2: Business Transactions Preview 01:47

Bookkeeping procedures during the year 5 lectures

Introduction to bookkeeping procedures during the year Preview 00:29

Debits and credits Preview 03:16

Debits and credits - Visually explained Preview 08:21

Journalizing and posting (from the journal to the general ledger) Preview 05:01

Accounts balances Preview 03:02

Bookkeeping procedures at the end of the year 6 lectures

Introduction to bookkeeping procedures at year-end Preview 00:29

Year-end procedures (accruals and deferrals) Preview 05:27

Deferrals (Prepaid Expenses and Unearned Revenues) Preview 02:07

Accruals: Expenses Preview 03:37

Accruals: Revenues Preview 03:05

The accounting cycle and Closing temporary accounts at year-end Preview 04:46

Bookkeeping procedures for merchandising businesses (retailers) 3 lectures

Introduction to retailers Preview 00:33

Procedures for retail businesses Preview 06:35

Retailers - Continued Preview 10:19