Overview
This course covers all the topics of covering the Cambridge IGCSE and O Level Accounting syllabuses (0452 and 7707)., Students will be able to learn about journals, ledgers, books of prime entry, financial statement with all necessary adjustments, Students will be able learn about the financial accounting rules and principles., Students will be able to understand different formats of the financial statements
IGCSE and O Level Accounting student and also those who wish to learn accounting basics.
There are no prerequisites for this course as it will focus on the basics at first.
This course includes the following aspects:
1. Accounting basics:
· Learn about the basic foundation of accounting and book-keeping
· Understand how an accounting equation works
· Understand the difference between book-keeping and accounting
· Understand the importance of learning book-keeping and accounting
2. Double-entry book-keeping
· Understand the methodology of using double-entry book-keeping
· Understand the advantages of using double-entry book-keeping
· Understand the correct use of debit and credit
· Understand the process of recording the transactions under this method
· Understand the process of recording transactions using various business documents
· Learn about different formats of accounts
· Learn the process of preparing journals and ledgers
· Learn about the process of preparing journals
· Learn about the process of preparing ledgers
· Learn about the process of preparing a cash book
· Learn about the discounts like trade discount and cash discount
3. Financial Statements
· Learn how to prepare a trial balance
· Discuss the errors not traced by trial balance
· Understand how to prepare the financial statements using a trial balance
· Learn about the process of preparing financial statements - Income statement and Statement of Financial Position
· Learn about the basic adjustment of closing inventories
· Learn about the basic adjustment of profit for the year
· Understand the formats of Income statements and Statements of financial position
· Understand the difference between different assets and liabilities
Ashutosh Purani
More than 15 years of experience as an accounting teacher. Have taught students on different boards like IGCSE, AS/A Level, ISC, and CBSE. Other subjects taught so far are economics and business management. So far, I have taught students in the schools, in coaching classes, and in online tuitions, and now want to teach them through my videos. Thanks to Udemy for providing this opportunity.