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    • Accounting and Bookkeeping Masterclass Beginner to Advanced

    Accounting & Bookkeeping Masterclass - Beginner to Advanced

    BY
    Udemy

    Learn about Introduction to Accounting, Bookkeeping and reports

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    Mode

    Online

    Fees

    ₹ 3499

    Quick Facts

    particular details
    Medium of instructions English
    Mode of learning Self study
    Mode of Delivery Video and Text Based

    Course overview

    Bookkeeping records and classifies an organization's financial transactions. Bookkeeping is the foundation of accounting, while accounting is part of finance. Bookkeeping focuses on accurately recording a business's financial transactions. This information helps companies make investment decisions. Accounting records, measures, and communicates business financial transactions. Accounting helps stakeholders understand a company's financial status. It aids in short- and long-term decision-making and boosts a company's credibility. Accounting & Bookkeeping Masterclass - Beginner to Advanced online certification is made available by Udemy to candidates who want to learn accounting theory, accounting terminology, and the system for recording company transactions.

    Accounting & Bookkeeping Masterclass - Beginner to Advanced online training comprises 14.5 hours of video content, ten articles, and 18 downloadable resources are included. Individuals who complete the course can access the materials indefinitely and print a digital certificate. 

    Accounting & Bookkeeping Masterclass - Beginner to Advanced online classes consist of an introduction to accounting, Double Entry Accounting/Bookkeeping with Debit & Credits, bookkeeping, classification of assets, and liabilities, reconciliation, as well as credit transactions, accounting, and sales tax.

    The highlights

    • 14.5 Hours of On-Demand Video
    • Full Lifetime Access
    • Ten Articles
    • 18 Downloadable Resources
    • Access on Mobile and TV
    • Certificate of Completion

    Program offerings

    • Online course
    • Learning resources
    • 30-day money-back guarantee
    • Unlimited access

    Course and certificate fees

    Fees information
    ₹ 3,499
    certificate availability

    Yes

    certificate providing authority

    Udemy

    What you will learn

    Professional knowledge Accounting proficiency Entrepreneurial skills

    After completing the Accounting & Bookkeeping Masterclass - Beginner to Advanced certification course, the aspirant will explore the accounting concept, basic accounting key concepts, and the accounting system for tracking company transactions. The participant will gain knowledge of more complicated accounting concepts, such as transactions affected by discounts and sales tax, prepaid and accrued transactions, and accounting adjustments such as depreciation. The candidate will learn accounting terminology, cash and accrual accounting, double-entry bookkeeping, general ledger, trial balance, and finance as well as fixed assets and depreciation, inventory accounting, financial statement preparation, and accounting for leases.

    The syllabus

    Introduction to Accounting

    • Understanding Accounting
    • Key classes and terms in Accounting
    • Understanding Profit & Profit & Loss Statement
    • Understanding Owner's Capital & Balance Sheet
    • Seperate Entity Concept
    • Liabilities and Owner's Capital
    • Understanding Dual Impact of a Transaction
    • The Accounting Equation
    • Key Terms/classes in Accounting

    Recording Income, Expenses, Assets, Liabilites, & Owner's Capital

    • Recording in Accounting
    • Recording Debit and Credit for Assets - Practice
    • Debit and Credit rules for Liabilities, Owner's Capital, Income, & Expenses
    • Alternative way to understand and remember debit/credit rules
    • Double Entry Accounting/Bookkeeping with Debit & Credits
    • Debit & Credit Practice
    • Journal Entry
    • Practice - debits and credits

    Practice: Bookkeeping, Accounting, & Financial Statements Preparation

    • Introduction
    • Recording Journal Entries
    • Posting Entries to the Ledgers
    • From ledgers to the Trial Balance
    • Preparing Profit and Loss Statement
    • Preparing Balance Sheet

    Further classification in Assets, liabilities, Income and Expenses

    • Understanding and classifing Assets
    • Classifing Assets based on their physical substance
    • Understanding and classifing Liabilities
    • The Formal Balance Sheet Format
    • Understanding and classifing Income
    • Understanding and classifing Expenses
    • The Formal Profit & Loss Statement Format

    Back to Practice Session

    • Financial Statements
    • Closing ledgers for the month
    • Transferring balances to the next month ledgers
    • Homework: End to End Accounting & Bookkeeping- November
    • Homework Answers

    Bank Reconciliation

    • Understanding Reconciliation
    • Impact of Bank Reconciliation
    • Understanding Bank Statement
    • Bank Reconciliation Case 1 and Case 2
    • Bank Reconciliation Case 2 Part 2
    • Bank Reconciliation Part 3
    • Practice - Bank Reconciliation
    • Understanding Positive and Negative Balance terms
    • Complete Bank Reconciliation Assignment

    Credit Transactions | Receivables | Payables

    • Understanding Cash and Credit Transaction
    • Cash and Accrual Accounting
    • Cash and Accrual Accounting - Examples
    • Understanding Receivables and Payables
    • Understanding Trade and Other Receivables/Payables

    Accounting for Expenses and Payables

    • Introduction and recording Cash Expenses
    • Recording Credit Expenses
    • Recording Cancellation/Reversal of Credit Expenses
    • Recording Payment to Payables
    • Recording Interest charged for late payment
    • Accounting for Trade Discount
    • Accounting for Cash Discount
    • Practice - End to end Bookkeeping, Accounting & FS for Expenses
    • Closing entries for April
    • May 2021 - Bookkeeping, Accounting, & Financial Statements
    • Key documents related to Expenses and Payables

    Accounting for Income and Receivables

    • Introduction
    • Recording Cash Income and its Reversal
    • Recording Credit Income and reversal
    • Recording Cash Received from Receivables
    • Interest charged to Receivables for late payment
    • Accounting for Trade Discount
    • Accounting for Cash Discount
    • Accounting for Bad Debts
    • End of Beginners Level
    • Understanding Doubtful Debts and Allowance for Doubtful Debts
    • Other terms for Allowance for Receivables
    • Accounting for the Allowance for Doubtful Debts
    • Understanding Gross and Net Receivables
    • Recording the Allowance - Detailed Example
    • Increasing the Allowance
    • Practice - Allowance for Doubtful Debts - Year 3
    • Recording Allowance for Doubtful Debts
    • Journal Entry and Period End Adjustments
    • Introduction to Adjusting Entries | Understanding Accounting & Bookkeeping Cycle

    Sales tax - Brief Intro and Accounting

    • What is Sales tax?
    • Who can collect Sales tax?
    • What to do with the collected Sales tax?
    • Accounting for Sales tax on Income
    • Accounting for Sales tax on Expenses
    • Practice - Sales tax Bookkeeping and Accounting
    • Sales tax Bookkeeping and Accounting - month 3
    • Understanding VAT as a system
    • Basic maths to convert Gross Amount to Net Amount
    • Sales Tax

    Accruals and Prepayments

    • Understanding Prepayments
    • Prepayments - Understanding Cashflows, Prepaid, Expense, and Prepaid Balance
    • Accounting for Prepaid Expenses
    • Monthly/Quarterly Reporting
    • Note: Month-End Adjustments
    • Prepaid Income - Overview and cashflows
    • Accounting for Prepaid Income
    • Before we start Accruals Accounting
    • Understanding Accruals
    • Accrued Expenses - Overview and Cashflows
    • Accounting for Accrued Expenses
    • Accrued Income - Overview and Cashflows
    • Accounting for Accrued Income

    Accounting for Non-Current Assets

    • Introduction to Non-Current Assets
    • Introduction to Accounting for NCAs
    • Accounting for Purchase of NCAs
    • Fall in the value of asset - Depreciation
    • Understanding basic terms related to the NCA depreciation
    • Note:
    • Straight line method of depreciation
    • Example - straight line depreciation
    • Understanding Accumulated depreciation & Net Book Value
    • Depreciation method 2 - Reducing Balance Method
    • Practice - Reducing balance method
    • Mathematical shortcuts - reducing balance method
    • Calculating depreciation rate - reducing balance method
    • Depreciation method 3: Number of units method or machine hours method
    • Depreciation method 4: Sum of Years Digits Method
    • Example: Sum of years digits method
    • Choosing a method of Depreciation
    • Sales or Assets > Gain or loss on disposal
    • Example - Gain or loss on disposal
    • Accounting for NCA
    • Accounting for NCA - Example
    • Accounting for NCA - Homework
    • Methods of Accounting for NCA
    • Methods of Accounting - Asset Account maintained at Cost - Example
    • Homework - Asset Account at Cost - Accounting entries
    • Depreciation and accounting entries - Practice
    • Depreciation for Assets purchased and sold between the year
    • Example of Method 1 for Assets Purchased/Sold between the year
    • Example of Method 2 for Assets Purchased/Sold between the year
    • Asset purchased/sold between the year - Example with Reducing Balance method
    • Asset purchased/sold between the year - Example with Reducing balance method 2
    • Depreciation of land
    • Revaluation of Assets
    • Accounting for upward revaluation
    • Accounting for downward revaluation

    Accounting for Trading Business

    • Understanding Trading Business and Key Terms
    • Accounting for Purchases
    • Accounting for Sales
    • Inventory Accounting Systems and Periodic System of Inventory Accounting
    • Periodic System of Inventory Accounting - Example
    • Perpetual System of Inventory Accounting
    • Perpetual System of Inventory Accounting - Example
    • Inventory Valuation Methods
    • LIFO - Periodic Inventory Accounting
    • LIFO - Perpetual Inventory Accounting
    • Weighted Average under Periodic Inventory Accounting
    • Weighted Average under Perpetual Inventory Accounting
    • FIFO with Periodic and Perpetual Inventory Accounting
    • Recording Inventory damage, obsolescence, and theft
    • Understanding Net Realizible Value
    • Writing down inventory value to NRV
    • Example - writing down inventory

    Equity Accounting for Company

    • Introduction to the type of business and limited liability
    • Understanding Company Ownership and Shares
    • Understanding Face Value of a Share
    • Note: Other terms used for face value
    • Accounting for Issue of shares (at par)
    • Accounting for Issue of shares at Premium
    • Accounting for issue of shares at discount
    • Right issue of shares
    • Bonus issue of shares
    • Important notes about Shares
    • Understanding Dividend
    • Accounting for Dividends
    • Accounting for Dividends - Example
    • Understanding Capital
    • Understanding Bonds
    • Accounting for Bonds
    • Accounting for Bank Loan
    • Understanding Equity and Reserves
    • Reclassification of Reserve
    • Understanding statutory and non-statutory reserve
    • Statement of Changes in Equity
    • Practice session

    Accounting for Leases

    • Introduction to lease
    • Types of Lease
    • Accounting for Operating Lease
    • Understanding Finance Lease payments
    • Accounting concept guiding finance lease accounting
    • Accounting for Finance Lease - Lessee
    • Accounting for Finance Lease - Lessor
    • Fun lecture - lease calculations

    Understanding Profit terms and calculations

    • Profit percentage
    • Markup and Margin Example
    • Converting Markup to Margin and vice versa
    • Markup and Margin practice

    Financial Statements

    • What are Financial Statements, why are they so Important and valuable
    • Basic 'Profit & Loss Statement' revision
    • Understanding Operating & Non-operating Income and Expenses
    • Profit & Loss Statement - Complete Structure
    • Balance Sheet - Revision
    • Statement of Changes in Equity - Revision
    • Cash Flow Statement

    Cash Flow Statement

    • Cash Flow Statement - Introduction
    • Cash Flow Statement - Quick Example
    • Cash Flow from Investing Activities
    • Cash Flow from Financing Activities
    • Cash Flow from Operating Activities
    • Cash Flow from Operating Activities - Indirect Method
    • Increase in Receivables
    • Increase in Payables
    • Increase in Inventory and Payables
    • Cash Flow Statement - Complete format
    • Cash Received from raising new Loans
    • Cash Received from the issue of Shares
    • Calculating Cash paid in the Interest Payment
    • Calculating Cash paid in the Tax Payment
    • Calculating Cash Paid for the Purchase of Non-Current Assets
    • Preparing Complete Cash Flow Statement - 2019
    • Preparing Cash Flow Statement - 2020
    • Preparing Cash Flow Statement - 2021
    • Preparing Cash Flow Statement - Fun time

    Bonus Section

    • Bonus lecture

    Instructors

    Mr Irfan Sharif

    Mr Irfan Sharif
    Chartered Accountant
    Udemy

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