Accounting Basics for Beginners

Overview

New to Accounting? Kickstart your Bookkeeping journey with these tutorials to master the basics.

The Accounting Equation, T Accounts, Debits and Credits? There's nothing to be scared of here. Accounting Basics for Beginners is a playlist dedicated to supporting Students and Small Business Owner's who are new to the world of Accounting.

Syllabus

ACCOUNTING BASICS: a Guide to (Almost) Everything.
The ACCOUNTING EQUATION For BEGINNERS.
ACCOUNTING BASICS: Debits and Credits Explained.
T Accounts Explained SIMPLY (With 5 Examples).
How JOURNAL ENTRIES Work (in Accounting).
The TRIAL BALANCE Explained (Full Example!).
GENERAL LEDGER: Visual Guide to Posting Journals.
DEALER: The Number 1 HACK for Debits & Credits.
5 Debit and Credit Practice Questions & Solutions.
What are Assets? (Let's Break Them Down).
What Are Liabilities? (SIMPLE Explanation).
What Does Equity ACTUALLY Mean?.
TRIAL BALANCE vs BALANCE SHEET.
The KEY to Understanding Financial Statements.
How The BALANCE SHEET Works (Statement of Financial Position / SOFP).
The BALANCE SHEET for BEGINNERS (Full Example).
The INCOME STATEMENT Explained (Profit & Loss / P&L).
The INCOME STATEMENT for BEGINNERS.
Cash Accounting: How it Works & Should You Use It?.
Accrual Accounting: How it Works & Why it's #1!.
Revenue Recognition Principle in TWO MINUTES!.
FINANCIAL vs MANAGERIAL Accounting.
Invoices: What You NEED TO KNOW.
Why Debits and Credits AREN'T Backwards.
3 Unexpected Benefits Of Learning Accounting.
Intro to Cash Flow Statements | Direct Method.
Prepare A Cash Flow Statement | Direct Method.
Prepare A Cash Flow Statement | Indirect Method.
The CASH FLOW STATEMENT for BEGINNERS.
How To Do A Bank Reconciliation (EASY WAY).
Prepayments and Accruals | Adjusting Entries.
How Prepaid Expenses Work | Adjusting Entries.
Deferred Revenue Explained | Adjusting Entries.
Accrued Expenses Broken Down | Adjusting Entries.
Accrued Revenue MADE EASY | Adjusting Entries.
INVENTORY & COST OF GOODS SOLD.
Inventory Systems: Perpetual vs Periodic.
First In First Out (FIFO) | Inventory Cost Flows.
Last In First Out (LIFO) | Inventory Cost Flows.
Average Cost Method (AVCO) | Inventory Cost Flows.
DEPRECIATION BASICS! With Journal Entries.
STRAIGHT LINE Method of Depreciation in 3 Steps!.
DOUBLE DECLINING BALANCE Method of Depreciation.
SUM OF THE YEAR'S DIGITS Method of Depreciation.
UNITS OF PRODUCTION Method of Depreciation.
CLOSING ENTRIES: Everything You Need To Know.

Taught by

Accounting Stuff

Reviews

4.7 rating, based on 27 Class Central reviews

Start your review of Accounting Basics for Beginners

Ramya @Ramya2005

*Review:* As a beginner in the world of accounting, I found the accounting basics course to be incredibly informative and easy to understand. The course covered all the fundamental concepts, including assets, liabilities, equity, revenue, and expen…

*Review:*

As a beginner in the world of accounting, I found the accounting basics course to be incredibly informative and easy to understand. The course covered all the fundamental concepts, including assets, liabilities, equity, revenue, and expenses. The instructor broke down complex topics into bite-sized chunks, making it simple to grasp the material.

The course's strengths include:

- Clear explanations of key accounting principles
- Relevant examples and case studies
- Step-by-step instructions for financial statement preparation
- Interactive exercises for hands-on practice

I appreciated the course's focus on practical applications, which helped me understand how accounting concepts apply to real-world scenarios. The course materials were well-organized, and the instructor was responsive to questions.

*Recommendation:*

I highly recommend this course to anyone new to accounting or looking to refresh their knowledge. It provides a comprehensive introduction to accounting basics, setting a solid foundation for further learning. Whether you're a student, entrepreneur, or professional, this course will equip you with essential accounting skills and confidence.

*Suggestions for improvement:*

- Include more advanced topics, such as financial analysis and budgeting
- Provide additional practice exercises or quizzes to reinforce learning
- Offer a certificate of completion or continuing education credits

Overall, I'm satisfied with the course and feel prepared to tackle more advanced accounting topics.
Wasiq Ullah

Before all Greating
I am so happy to completed the course
“Accounting Basics for Beginners” offers a clear, structured introduction to key accounting concepts. Ideal for novices, it simplifies complex topics with practical examples and exercises. While it’s excellent for newcomers, those with some prior knowledge might find the pace a bit slow. Overall, it’s a valuable resource for building foundational accounting skills.
Vishakha Gole

I am really satisfied with this course as this course help me in clearing my doubts related to basic accounting.
Haseeb Shafi

it is a good course and explained very well in this whole playlist
in short it is the whole accounting experince in just 7 hours playlist
Roheemah Abdulkadir

The course is a very good one, i enjoyed every bit of it. It has also helped enhanced my Accounting Knowledge.
Prosenjit Online Services

Yes it's nice.... You can learn accounting easily. I know accounting already but I want to know more about it.
Svj Kumar

It's a good course which helps to know basics for accounting. It covers some additional topics to me.
Abdul Wahab Warraich

It was really a great experience. A great basics in accounting related with business is given very precisely for the begginners. It was really good and ossum.
Mica Y. Arbuis

This course is very helpful for beginners like me to understand basics in accounting. This really helps my skills to improve and soon I can use this to develop my performance.
Ibrahim Lateef

It is good training course also cover all things about financial accounting for beginners, Iam improved my informations and take ot with new language.
Lebohang Immaculate

Great explanation and concise videos. The teacher is immaculate and will not put you to sleep. Amazing information in a short time, just seven hours
Janice Burrows

This course was easy to understand. It had a natural flow. All the topics were covered. I'm recommending this course for anyone needing CPE credits.
Bedhasa Kuma Kabeta

It is good for beginners and to gain more knowledge of the day to day activities and work for purposes of life
Mahnaz Ghorbani

That was really useful, I recommend every body to watch it carefully. personally, I had no idea about accounting's rules in outside of Iran.
Instructor explained clearly, thanks so much for your time and attention.
مصطفی

Idid accounting from high school to varsity but it was nice to remind myself about what I learn first from the beginning of my journey in the field of accounting and I guess it worked out perfectly fine.
AADITYA KUMAR JHA

It's a great online course. Here I could easily learn about journal entries,income statement, balance sheet. After learning this course I could easily distinguish between assets and liabilities.
Lilia De Assunção Gomes Agostinho

It was awesome and I enjoyed cause I learned so much now I need my certificate
Cause it was challenging but still fine and I got to learn a lot of things that I didn’t knew back then
Kavita Kumari

Excellent course.
I got job in multinational company because of this course Thanks .so I would like to recommend this course if you want to go job in big company
MURENZI Patrick

I have liked to study here and am glad that i have completed my course this is good opportunity for me to develop my career in accounting thank you so much
Jaya Ashvinaa

Excellent explanation, understood every step thank you this was very helpful. Visuals were also good buy could have been better.