Accounting Basics - A Complete Study

BY
Udemy

Acquire a detailed understanding of the fundamentals concepts and principles associated with accounting.

Mode

Online

Fees

₹ 3999

Quick Facts

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

Course overview

Accounting Basics - A Complete Study certification course is developed by Raja Natarajan - Chartered Accountant, B.Com., PGDBA which is offered by Udemy and is available on Udemy and is aimed at students who are looking for a structured self-paced training program that will teach them all the fundamentals of accounting from the ground up. Accounting Basics - A Complete Study online course by Udemy focuses on giving students a practical understanding of accounting topics that will help them deal with real-world case studies.

Accounting Basics - A Complete Study online classes include approximately 40 hours of detailed video-based lessons, as well as two articles and 94 downloadable resources and case studies that cover a wide range of accounting topics, including bookkeeping, journal, ledger, trial balance, single and double entry systems, final accounts, partnership accounting, bank reconciliation, depreciation, bill of exchange, and much more. Students will also receive a certificate at the end of the course to showcase their understanding of basic accounting concepts.

The highlights

  • Certificate of completion
  • Self-paced course
  • 39.5 hours of pre-recorded video content
  • 2 articles
  • 94 downloadable resources

Program offerings

  • Certificate of completion
  • Case studies
  • Quizzes
  • 30-day money-back guarantee
  • Unlimited access
  • Accessible on mobile devices and tv

Course and certificate fees

Fees information
₹ 3,999
certificate availability

Yes

certificate providing authority

Udemy

What you will learn

Accounting proficiency

After completing the Accounting Basics - A Complete Study online certification, students will gain a foundational understanding of accounting's essential ideas and principles. Students will study many stages of the accounting cycle and procedure. Students will learn how to maintain journals, ledgers, trial balances, and final accounts, as well as get a thorough understanding of concepts such as bill of exchange and depreciation. Students will also learn about bank reconciliation, single and double entry systems, and partnership accounting approaches.

The syllabus

Introduction to Accounting

  • Welcome Lecture
  • Introduction to Accounting
  • Evolution of Accounting
  • Definition of Accounting
  • Economic Event
  • Identification, Measurement, Recording & Communication
  • Organisation
  • Accounting Cycle
  • Importance of Accounting
  • Branches of Accounting
  • Bases of Accounting
  • Users of Accounting Information
  • Qualitative Characteristics of Accounting Information
  • Objectives of Accounting
  • Role of Accounting
  • Role of an Accountant
  • Multiple Choice Questions - Section 1
  • Quiz about Section 1

Book Keeping

  • Book Keeping - An Introduction
  • Features of Book Keeping
  • Objectives of Book Keeping
  • Advantages & Limitations of Book Keeping
  • Book Keeping Vs Accounting

Technical Terms In Accounting

  • Transaction
  • capital
  • Assets
  • Liabilities
  • Drawings
  • Debtors
  • Creditors
  • Purchase & Purchase Returns
  • Sales & Sales Returns
  • Voucher
  • Invoice
  • Revenue & Expenses
  • Stocks
  • Account
  • Quiz about Section 2 & 3

Accounting Assumptions, Concepts & Principles

  • Accounting Principles
  • Business Entity Concept
  • Basic Assumptions in Accounting
  • Basic Concepts in Accounting
  • Systems of Accounting
  • Basis of Accounting
  • Fundamental Principles of Accounting
  • Case study on Cash, Accrual and Hybrid Basis Accounts
  • Accounting Standards

Accounting Equation

  • Accounting Equation (Talking Head)
  • accounting equation case-1
  • accounting equation case-2
  • accounting equation case-3
  • accounting equation case-4
  • accounting equation case-5
  • Accounting Equation Case Study
  • Accounting Equation Case Study
  • Accounting Equation Comprehensive Example
  • Using Debit and Credit

Double Entry System

  • introduction to Traditional approach
  • golden rules of accounting
  • Application of Rules of Double Entry System
  • Double Entry System
  • Principles of Double Entry System
  • Analysis of Transactions for Passing Accounting Entries (Part 1)
  • Analysis of Transactions for Passing Accounting Entries (Part 2)
  • Analysis of Transactions for Passing Accounting Entries (Part 3)

Basic Accounting Procedures

  • Business Transactions and Source Document
  • Basic Accounting Procedures Final
  • Cash Memo and Invoice
  • Debit and Credit Notes
  • Pay in Slip and Cheque
  • Voucher

Journalising Process

  • Books of Original Entry
  • Steps in Journalising
  • Journalising Comprehensive Examples
  • Case Study 1 Journalise Transaction
  • Case Study 7 Journalise Transaction
  • Case Study 8 Journalise Transaction
  • Multiple Choice Questions - Accounting Equation and Journal Entries
  • Capital and Drawings
  • Bank Account Transactions
  • Accounting entry for Capital Contribution
  • Accounting entry for Cash Receipt
  • Accounting Entry for Cash Payment
  • Acccounting Entry for cash Sales
  • Accounting Entry for Banking Transaction
  • Accounting Enrty for Drawings Case Study
  • Accounting Entry for Cash Purchase
  • Accounting Entry for Credit Purchase
  • Accounting Entry for Cheque receipt
  • Accounting Entry for Cheque receipt and deposit
  • Accounting Entry for commission Income
  • Accounting Entry for Credit Sales
  • Accounting Entry for Drawings
  • Accounting Entry for Payment through Cheque
  • Accounting Entry for Purchase Return
  • Accounting Entry for Salary in cash
  • Accounting Entry for Sales Return
  • Compound Entry
  • Compound Journal Entry
  • Compound Journal Entry Case Study
  • Case Study 2 Journalise Transaction
  • Case Study 3 Journalise Transaction
  • Case Study 4 Journalise Transaction
  • Case Study 5 Journalise Transaction
  • Quiz about Section 4
  • Quiz

Ledger

  • Ledger
  • Utility of Ledger
  • Ledger Format
  • Ledger for real personal nominal accounts
  • Posting and Procedure
  • Ledger Case Study 1
  • Ledger Case Study 2
  • Posting of Compound Entries to Ledger
  • Posting Openign Entry in Ledger
  • Balancing an Account
  • Balancing of Different Accounts
  • Procedure for Balancing
  • Difference between Journal and Ledger
  • case-1 journal and ledger
  • case-2 ledger accounts from opening entry
  • case-3 ledger posting from compont entry
  • case study -4 ledger accounts from opening entery
  • Quiz about Section 5

Subsidiary Books covering Sales and Purchase Books

  • Subsidiary Books need and advantage
  • Purchase Book
  • Case Study on Purchase Book
  • Sales Book
  • Sales Book Case Study

Purchase Return and Sales Return Books

  • Return Books
  • Purchase Return Book
  • Purchase Return Book Case Study
  • Sales Return Book
  • Sales Return Book Case Study

Cash Book

  • Cash Book
  • Kinds of Cash Book
  • Single Column Cash Book
  • Case Study Single Column Cash Book
  • Double Column Cash Book with Disc Column
  • Case Study Double Column Cash Book with Discount Colum
  • Double Colum Cash Book with Bank Column
  • Case Study Double Column Cash Book with Bank Column
  • Key Points in Cash Book
  • Triple Column Cash Book
  • Case Study Triple Column Cash Book
  • Quiz about Section 6 

Bills of Exchanges and related Books

  • Bill of Exchange
  • BoE Technical Terms Part I
  • BoE Technical Terms Part II
  • BoE Technical Terms Part III
  • Bills Books
  • What is Promissory Note?
  • Parties to a Promissory Note
  • Difference between Bill of Exchange and Promissory Note
  • Advantages of Bill of Exchange
  • Maturity of Bill
  • Accounting Treatment - In the Books of Drawer
  • Accounting Treatment - In the Books of Drawee
  • Bills of Exchange - Journal Entries - Problem
  • Dishonour of a Bill
  • Case study - Bill endorsed in favour of credited and met on maturity
  • Case Study - Bill Dishonoured and alternate settlement accounting
  • Case Study - Bill Dishonoured and accounting effects

Journal Book / Journal Proper

  • Journal Proper
  • Quiz about Section 7

Trial Balance

  • Trial Balance
  • Objectives of Preparing the Trial Balance
  • Methods and formats of Trial Balance
  • Trial Balance Case Study
  • case-1 trial balance
  • case-2 trial balance
  • case-3 trial balance
  • case-4 trial balance
  • case-5 trial balance
  • case-6 trial balance
  • case-7 trial balance
  • case-8 trial balance
  • case-9 trial balance

Errors in Accounting

  • Errors in Accounting
  • Error of Principle
  • Error of Omission
  • Error of Commission
  • Compensating Errors
  • Errors and Trial Balance
  • Case Study on Errors and effect on Trial Balance
  • Steps to Locate Errors
  • Suspense Account
  • Case Study Suspense Account

Case Studies in Rectification of Errors

  • Rectification of Errors
  • Case Study 1 Rectification of Errors
  • Case Study 2 Rectification of Errors
  • Case Study 3 Rectification of Errors
  • Case Study 4 Rectification of Errors
  • Case Study 5 Rectification of Errors
  • Case Study 6 Rectification of Errors - Copy
  • Case Study 7 Rectification with Suspense AC
  • Final Accounts
  • Quiz about Section 8

Bank Reconciliation Statement

  • Cash Book and Bank Book
  • Bank Pass Book
  • Difference between Cash Book (with Bank Column) and Pass Book.
  • Bank Reconciliation Statement
  • Importance of BRS
  • Causes for Disagreement
  • 1st Disagreement cheque paid not collected
  • 2nd Disagreement cheque issued not presented
  • 3rd Disagreement Amount directly credit by Bank w/o knowledge of company
  • 4th Disagreement Amount directly Debited by Bank w/o knowledge of company
  • Bank Overdraft
  • Overview of Bank Reconciliation Statement
  • Procedure for preparing Bank Reconciliation Statement
  • Format of Bank Reconciliation Statement
  • Case 2-Bank Reconciliation Statement
  • Case 4-Bank Reconciliation Statement
  • Case 5-Bank Reconciliation Statement
  • Case 6-Bank Reconciliation Statement

Final Accounts

  • Introduction to final accounts
  • Stakeholders and their information requirements
  • Trading and Profit and Loss Account
  • Closing Stock
  • Case-1 Closing stock
  • Trading Account - Need and Format
  • Closing entries in Trading Account
  • Trading Accounts - Problem 1
  • Trading Accounts - Problem 2
  • Profit and Loss Account - Need and Format
  • Profit and Loss Account - Problem 1
  • Trading and Profit and Loss Account - Problem 2
  • Trading and Profit and Loss Account from Trial Balance - Problem 3
  • Trading, Profit and Loss and Balance Sheet Problem 4
  • Outstanding and Prepaid Expenses
  • Prepaid Expenses
  • Income Received in Advance
  • Shortcut for Final account Adjustments
  • Interest on capital
  • Interest on Drawings
  • Interest on Loan Outstanding
  • Interest on Investment Out Standing /Accrued
  • Adjustments - Accrued Income and Income Received in Advance
  • Depreciation
  • Bad Debts
  • Provision for Bad and Doubtful Debts
  • Case-1 Provision for Bad and Doubtful Debts
  • Adjustments - Provision for Bad and Doubtful Debts and Discount on Debtors
  • Provision for Discount on Debtors
  • Case-1 Provision for Discount on Debtors
  • Case Study 1 - Provision for Bad and Doubtful Debts
  • Case Study 2 - Provision for Bad and Doubtful Debts
  • Case Study 3 - Provision for Bad and Doubtful Debts
  • Final Accounts Case Study 1
  • Final Accounts Case Study 2
  • Final Accounts Case Study 3
  • Final Accounts Case Study 4
  • Final Accounts Case Study 5
  • Final Accounts Case Study 6
  • Final Accounts Case Study 7
  • Final Accounts Case Study 8
  • Final Accounts Case Study 9
  • Final Accounts Case Study 10
  • Final Accounts Case Study 11
  • Final Accounts Case Study 12
  • Final Accounts Case Study 13
  • Final Accounts Case Study 14
  • Final Accounts Case Study 15
  • Final Accounts Case Study 16
  • Final Accounts Case Study 17
  • Final Accounts Case Study 18
  • Final Accounts Case Study 19
  • Final Accounts Case Study 20
  • Final Accounts Case Study 21
  • Case Study 1 Adjustment Entries
  • Case Study 2 Adjustment Entries
  • Case Study 3 Bad Debts
  • Case Study 4 Provision for Bad Debts
  • Case Study 5 Provision for Bad Debts
  • Quiz about Section 9

Accounts from Incomplete Records

  • Introduction to Single Entry System
  • Features of Single Entry System
  • Introduction to Incomplete Records
  • Features of Single Entry System of Accounting
  • Limitations of single entry system
  • Difference between single entry and double entry
  • Methods for finding profits
  • Statement of Affairs Method
  • Conversion Method
  • Calculation of Missing Figures
  • Single Entry Case Study 1
  • Single Entry Case Study 2
  • Single Entry Case Study 3
  • Single Entry Case Study 4
  • Single Entry Case Study 5
  • Single Entry Case Study 6
  • Single Entry Case Study 7
  • Single Entry Case Study 8
  • Single Entry Case Study 9
  • Single Entry Case Study 10
  • Single Entry Case Study 11
  • Single Entry Case Study 12
  • Single Entry Case Study 13
  • Computation of Total Purchases Case Study
  • Computation of Total Sales Case Study
  • Difference between Balance Sheet and Statement of Affairs
  • Methods of Ascertaining Profit or Loss
  • Computation of Profit Under Statement of Affairs Method
  • Ascertainment of Total Purchase
  • Case study - Ascertainment of Total Purchase
  • Ascertainment of Total Sales (with case study)
  • Case Study: Ascertainment of Credit Sales
  • Case Study: Ascertainment of Total Sales

Accounting for Introduction to Partnership

  • Introduction to Partnership Accounting
  • Partnership - Definition and Features
  • Accounting Rules in the absence of Partnership Deed
  • Fixed Capital and Fluctuating Capital Methods
  • Difference between Fixed Capital and Fluctuating Capital Methods

Accounting for Partnership - Admission of New Partner

  • Introduction to Partnership
  • General Features of Partnership
  • Partnership Deed
  • Capital Accounts of Partners
  • Methods of Maintaingn Capital Accounts
  • Fixed Capital Method
  • Proforma for Fixed Capital Method
  • Fluctuationg Capital Method and Proforma
  • Case Study on Fixed and Fluctuating Capital Method
  • Distribution of Profits
  • Interest on Capital
  • Case Study on Interest on Capital
  • Drawings Account
  • Interest on Drawings
  • Methods for Computing Interest on Drawings
  • Product Method for Interest on Drawings
  • Case Study on Product Method
  • Average Period Method
  • Case study on Interest on Capital
  • Case Study on Average Price Method
  • Accounting treatment of Commission to Partners
  • Case Study Profit and Loss Appropriation Account with Commission
  • Case Study Profit and Loss Appropriation Account after Commission
  • Goodwill, supporting factors and methods
  • Goodwill Average Profit Method
  • Case Study 1 Goodwill Average Profit Method
  • Case Study 2 Goodwill Average Profit Method
  • Super Profit Method
  • Case Study Super Profit Method
  • Admission of New Partner
  • Adjustments in Accounting while admitting new partner
  • Recording of Capital of New Partner
  • New Profit Sharing Ratio and Sacrificing Ratio
  • Computation of New Profit Sharing Ratio Case Study 1
  • Computation of Sacrificing Ratio Case Study 2
  • Unequal Sacrifice of Old Partners Case Study 3
  • Equal Sacrifice of Old Partners Case Study 4
  • Entire Sacrifice by One Partner Only Case Study 5
  • When new share of incoming partner not given-Compute New and Sacrifice Ratio -CS
  • Find Sacrificing Ratio when New Profit Sharing Ratio - Case Study
  • Revaluation of Assets and Liabilities
  • Accounting Entries to record Revaluation of Assets and Liabilities
  • Comrpehsive Case Study 1 - Revaluation Method and Balance Sheet
  • Comprehensive Case Study 2 - Revaluation Method and Balance Sheet
  • Transfer of Undistributed Profit or Loss
  • Transfer of Accumulated Reserve
  • Treatment of Goodwill and Revaluation Method
  • Case Study - Treatment of Goodwill and Revaluation Method
  • Case Study - Treatment of Goodwill, Undistributed Loss, Revaluation and Balance
  • Practice Problems Good Will Computation of Average Profit
  • Practice Problems Good Will Computation Maintenable Average Profit
  • Practice Problems Good Will Computation Using Super Profit
  • Practice Problems Goodwill Computation Using Capitalisation Method
  • Practice Problems Goodwill Computation by Capitalising Super Profit

Accounting for Partnership - Retirement of Partner

  • Retirement of Partner - Introduction
  • Calculation of New Profit Ratio and Gaining Ratio - Introduction
  • Difference between Sacrificing Ratio and Gaining Ratio
  • Different scenarios in New Profit Sharing Ratio - Retirment
  • Calculation of New Profit and Gaining Ratio - No information about New Ratio
  • Calculation of New Profit and Gaining Ratio - Unequal Gain by Partners
  • Calculation of New Profit and Gaining Ratio - Equal Gain by Partners
  • Calculation of New Profit and Gaining Ratio - Entire Gain by One Partner
  • Calculation of Gaining Ratio when New Ratio is given
  • Revaluation of Assets and Liabilities - Retirement
  • Accounting entries for revaluation of assets and liabilities - retirement
  • Accounting entries for transfer of undistributed profit or loss
  • Accounting entries for undistributed Profit or Loss - Retirement
  • Transfer of Accumulated Reserve at Retirement
  • Treatment of Goodwill at Retirement
  • Case Study - Treatment of Goodwill at Retirement
  • Settlement of Claim of the retiring Partner
  • Case Study - Settlement of Claim of Retiring Partner
  • Comprehensive Case Study - Revaluation, Balance Sheet on Retirement

Company Accounts I

  • Introduction
  • Features of Company
  • Types of Companies
  • Difference between Partnership and Company
  • Classes of Share Capital
  • Classification of Share Capital
  • Issue of Shares
  • Allotment of Shares
  • Issue of Shares at Par
  • Procedure for allotment of shares
  • Calls in Arrears
  • CALLS
  • Calls in Advance
  • Issue of Shares at Premium
  • Issue of Shares at Discount
  • Sweat Equity Shares
  • Employees Stock Option Scheme
  • Forfeiture of shares
  • Reissue of Forfeited Shares
  • Forfeiture Example
  • Forfeiture Example 2
  • Issue of bonus shares
  • Share Application and Allotment Problem 1
  • Share Forfeiture Problem
  • Share Forfeiture Problem 2
  • Bonus Issue Problem
  • Reissue of Forfeit shares Problem 1
  • Reissue of Forfeit shares Problem 2
  • Non Voting Shares
  • Profit on Forfeiture of shares-case study

Company Accounts II

  • Introduction to Financial Statements
  • Balance sheet format
  • General Instructions to Schedule III of Companies Act, 2013
  • General Instructions related to Assets and Liabilities
  • General Instructions related to Share Capital
  • General Instructions related to Reserves and Surplus
  • General Instructions related to Long Term Borrowings
  • General Instructions related to Long Term Provision
  • General Instructions related to Short Term Borrowings
  • General Instructions related to Other Current Liabilities
  • General Instructions related to Tangible assets
  • General Instructions related to Intangible Assets
  • General Instructions related to Non Current Investments
  • General Instructions related to Long term Loans and Advances
  • General Instructions related to Other Non Current Assets
  • General Instructions related to Inventories
  • General Instructions related to Trade Receivables
  • General Instructions related to Cash and Cash Equivalents
  • General Instructions related to Contingent liabilites and Commitments
  • General Instructions related to Short term Loans and Advances
  • Profit and Loss Statement Format
  • General Instructions related to Profit and Loss Statement

Comprehensive Quiz

  • Test Your Knowledge of all the Sections

Depreciation

  • Introduction to Depreciation
  • Depreciation and other Similar Terms
  • Depreciation & Depreciable Assets
  • Objectives of Providing Depreciation
  • Casues of Depreciation
  • Characteristics of Depreciation
  • Factors determining amount of Depreciation
  • Methods of Depreciation
  • Straight Line Method of Depreciation
  • Straight Line Method of Depreciation - Problem 2
  • Straight Line Method of Depreciation - Problem 3
  • Straight Line Method of Depreciation - Problem 3
  • Merits and Limitations of Straight Line Method of Depreciation
  • Written Down Value Method
  • Advantages & Disadvantages of WDV Method
  • Straight Line Method and Written Down Method A Comparative Analysis
  • Methods of Recording Depreciation
  • Disposal of Asset
  • Effect of any Addition or Extension to the Existing Asset
  • Provisions and its Accounting Treatment
  • Introduction to Reserves
  • Difference between Provision and Reserve
  • Different types of Reserves
  • Difference between Revenue Reserve and Capital Reserve
  • Secret Reserve

Capital & Revenue Items

  • Introduction to Capital & Revenue Transaction
  • Consideration in determining Revenue & Capital Expenditure
  • Classification of Expenditure
  • Capital Expenditure
  • Revenue Expenditure
  • Deferred Revenue Expenditure
  • Difference between Capital, Revenue & Deferred Revenue Expenditure
  • Capital Receipt and Revenue Receipt
  • Difference between Capital Receipt and Revenue Receipt
  • Examples for Capital and Revenue Items
  • Case1 - Capital and Revenue Expenditure
  • Case2 to 4 - Capital and Revenue Expenditure
  • Golden Rule of Accouting

Q & A Compedium

  • 6 True or False Question & Answers

Final Section

  • Bonus Lecture

Instructors

Mr Raja Natarajan

Mr Raja Natarajan
instructor
Freelancer

Other Bachelors, Other Masters

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