Accounting 101 - Learn the Basic Principles the Right Way

Accounting Basics: Master the Fundamentals & Gain Confidence

Is accounting confusing? It doesn’t have to be! Our comprehensive accounting basics course is designed to make learning easy and accessible, regardless of your background.

Who is this course for?

This course is ideal if you:

• Want to manage the accounts for your own small business.
• Feel overwhelmed by your accountant and desire a clearer understanding of your finances.
• Need a helpful refresher course on fundamental accounting principles.
• Aspire to launch a career in accounting or finance.
• Currently work in finance and seek to enhance your skills.

What you'll achieve in this course:

Even if you're starting from scratch, you'll finish this course with the confidence to:

• Read financial reports with ease.
• Manage the books for your own business.
• Build a strong foundation for further accounting education.

Why choose this accounting course?

Accounting is a vast subject, so we've carefully curated the most essential topics for a solid introduction. We present them in a logical progression, building your knowledge step-by-step.

By the end of this course, you will thoroughly understand:

• Debits and credits: The core of double-entry bookkeeping.
• The double-entry system: Its importance for accurate financial record-keeping.
• The five key types of accounts:
  • Assets: What your business owns.
  • Liabilities: What your business owes.
  • Owner’s equity: The owner's stake in the business.
  • Expenses: Costs incurred in running the business.
  • Revenues: Income generated by the business.
• T-accounts: A practical method for understanding and tracking accounting data.
• The role of accounting and bookkeeping software in modern business.
• How to create and interpret balance sheets.
• How to create and interpret profit and loss statements.
• How to create and post journal entries.
• Using a trial balance to ensure accounting accuracy.
• The eight steps of the accounting cycle and how each lesson fits into the process.

About Your Instructor

Hi, I’m Mark Cunningham, a qualified accountant with extensive experience working for businesses and government organizations both domestically and internationally. I'm passionate about sharing my knowledge and helping individuals like you expand their understanding of finance and accounting. I'm here to support you throughout the course – feel free to ask questions!