"Accounting is the language of business. It is the system of recording, summarizing, and analyzing an economic entity's financial transactions. It is neccesary to have knowledge of all the basics of accounting which involves what is accounting and various definitions used in it, Different guidelines for accounting wich are generally accepted accounting principles, how to classify different accounts plus two important pillars of accounting i.e. the Debit & Credit,plus the effect of it on accounting equation. It consists of simple and logical explanatory videos on each of the mentioned topics along with some problem solving sessions and fun quiz videos that will test your knowledge on the subject. It also includes assessment tools in pdf format which contain a summary on the topic along with practice questions and solutions. On completion of the course, your foundation on accounting will be stronger. You will understand the fundamentals of accounting. This course is designed in a very easy to understand and logical format to make your accounting fundamentals stronger. We encourage anyone with an interest to learn accounting to pursue this course.
By the end of our short yet detailed sessions, you will have an understanding of:
1. The need to learn accounting
2. What are the 14 principles and conventions on which all of this accounting is based and why do we need them
3. What are the common terms used in accounting
4. How to classify different accounts and what are the three golden rules of accounting and
5. What is debit and credit
These topics have widespread use in practical accountancy."