Accounting Made Easy – Double Entry Bookkeeping
Free tutorial
481 students
Created by Dave Hooper
English
English [Auto]
Free
What you’ll learn
- Bookkeeping
- Basic accounting
- Business Ledgers
- Balance Sheets
Requirements
- This course has no prerequisites
- No experience required
Description
Welcome to the ABACUS Auto Balance Accounting System Bookkeeping Course.
In less than an hour you will learn the simple rules and practical applications of bookkeeping that can be used to run either large or small businesses.
Following the course material provided as a downloadable PDF reference, we start with a brief outline of the principles of bookkeeping and will cover all the basics related to accounting and double entry bookkeeping.
With plenty of examples throughout the course, we will show you how the structure of a bookkeeping system works and you will be taught how to record transactions and draw up and read financial statements.
Also covered in this course are the different accounts and journals, profit and loss accounts, petty cash books, stock and stock control, balance sheets and if applicable to your country of business residence we cover the basics of value added tax.
We have provided an Excel spreadsheet that you can use for the given working example which you can test your knowledge with at the end of the course and we then go through the answers line by line
You can then apply these fundamental skills and successfully run any large or small real-world business.
Who this course is for:
- Business owners
- Bookeepers
- Accountants
Show less
Course content
26 sections • 26 lectures • 55m total lengthCollapse all sections
Introduction1 lecture • 2min
- Introduction01:32
Section 2 : A Brief Outline1 lecture • 1min
- A Brief Outline01:28
The Concept of Double Entry1 lecture • 1min
- The Concept of Double Entry – Debit and Credit01:21
Accounts1 lecture • 1min
- Accounts00:34
The Recording of Transactions1 lecture • 1min
- The Recording of Transactions01:20
Examples of T Account Transactions1 lecture • 2min
- Examples of T Account Debit and Credit Transactions02:25
Recording Conventions and the Trial Balance1 lecture • 1min
- Recording Conventions and the Trial Balance01:11
Account Groupings1 lecture • 1min
- Account Groupings01:04
Accounting Statements1 lecture • 4min
- Accounting Statements03:31
Financial Statements1 lecture • 3min
- Financial Statements02:47
Example of a Trading Account1 lecture • 5min
- Example of a Trading Account04:34
Stock1 lecture • 1min
- Stock00:23
Administering Stock1 lecture • 1min
- Administering Stock00:33
Control of Stock1 lecture • 1min
- Control of Stock01:27
Accounting Entries for Closing Stock1 lecture • 1min
- Accounting Entries for Closing Stock00:29
What is a Profit and Loss Account?1 lecture • 1min
- What is a Profit and Loss Account?01:00
What is a Balance Sheet?1 lecture • 2min
- What is a Balance Sheet?01:59
The Structure of a Bookkeeping System1 lecture • 3min
- The Structure of a Bookkeeping System03:12
Primary Books of Account1 lecture • 2min
- Primary Books of Account01:51
The Petty Cash Book1 lecture • 1min
- The Petty Cash Book00:23
Journals1 lecture • 1min
- Journals00:42
Value Added Tax1 lecture • 2min
- Value Added Tax02:18
The Auto Balance ‘One-book’ Accounting System (ABACUS)1 lecture • 1min
- The Auto Balance ‘One-book’ Accounting System (ABACUS)01:04
Now… for the real test – A working example1 lecture • 3min
- Now… for the real test – A working example02:48
Answers1 lecture • 16min
- Answers15:40
Congratulations!!1 lecture • 1min
- Congratulations!!00:20
