Accounting Basics for Beginners

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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

4.8 rating, based on 40 Class Central reviews

Start your review of Accounting Basics for Beginners

Ramya @Ramya2005
1

*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.
Mohammed Waheed @Waheed5500

I have learnt a lot from this course, after finishing this course i was able to understand how accounting works together from opening T accounts to preparing unadjusted trial balance, adjusted trial balance, to preparing income statement, also got clear understanding of how balance sheets equation always seems to balance. I also learnt how to prepare bank reconciliation statement, and better understanding of prepaid and accrued account, depreciation, FIFO, LIFO and many more
Matthew Montanez
1

love the video. Examples are easy to understand and follow along. The own pace makes it great for on the go learning.
Ankit Raj

What sets this course apart is its focus on the "why" behind the numbers. It meticulously guides you through the double-entry system, ensuring you understand how every transaction impacts the balance sheet and income statement. By the time you reach topics like accruals, depreciation, and financial reporting, the foundation is so solid that these complex concepts feel like natural extensions of the basics. It’s an essential masterclass for aspiring entrepreneurs, small business owners, or anyone looking to gain true financial literacy. The pacing is deliberate, and the real-world examples ensure that the lessons stick long after the final module.
Katriel Caylee Fernandes
1

The course was very useful I learnt alot of new things and all the topics explained in detail . I liked the examples given in the videos which made it alot easier to understand. The certificate of this course will be very useful for me in the future
Sinta Irene Sihombing
1

This course is very helpful for understanding the basic concepts of accounting, from recording transactions and the accounting equation to preparing simple financial statements. The explanations are easy to follow, making it perfect for beginners with no prior knowledge of accounting. The material is well-structured and supported by relevant examples. Highly recommended for anyone who wants to start learning accounting from scratch.
Sameer Kundra
1

This is too good I can't even explain it in words. I do know some things already but it help me learn too much
Nayla Azzahra

After watching the “Accounting for Beginners” video, I gained a basic understanding of accounting concepts and their importance in business. The video explains accounting in a clear and simple way, making it suitable for beginners. The material covers the definition of accounting, the basic accounting equation, and an introduction to financial statements. The use of simple examples helps make the concepts easier to understand. Overall, this video is helpful as an introductory learning resource for understanding fundamental accounting principles.
Ali Belghadr

Wery good and i like this and free class 🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂🙂
Naila Zakiya

The material conveyed in this course is very easy to understand, especially for me who is really a beginner in the field of accounting. The explanation is very structured and not confusing. Highly recommended for anyone who wants to build a strong accounting foundation from scratch.
Choudary Ali

This course explains accounting basics in a simple and easy-to-understand way. The examples are practical, and the concepts like cash vs accrual accounting, balance sheets, and income statements are well explained. It’s a great course for beginners who want a strong foundation.
Sidra Qureshi

I was able to learn sone pretty knowledgeable stuff hope i find more knowledgeable as well as i can enhance it
Aseel Adris Ali Magor

This accounting course provided a solid foundation in financial principles, statements, and real-world applications. The instructor explained complex topics clearly, and the practice problems helped reinforce my understanding. Highly recommended for anyone starting in finance or business.
VELALA HANUMA PRASHANTH

This course provides a solid introduction to accounting fundamentals, making it ideal for beginners. It covers key concepts such as financial statements, debits and credits, and basic bookkeeping principles in a clear and structured manner. The explanations are easy to understand, and the examples help reinforce learning. Additionally, the course is well-paced, making it accessible even for those without prior accounting knowledge. The quizzes and exercises further enhance comprehension. However, additional real-world case studies would be beneficial. Overall, it is an excellent starting point for anyone looking to build a strong foundation in accounting.
Vishakha Gole
1

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

It's a good course which helps to know basics for accounting. It covers some additional topics to me.
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.
Prosenjit Online Services

Yes it's nice.... You can learn accounting easily. I know accounting already but I want to know more about it.
Abdul Wahab Warraich
1

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.