Learning accounting is like learning a new language. If you take the grammar route to learning a new language, you know how boring it could get. Instead, if you learn a language by conversing in that language, wouldn’t that be great fun?
The same principle applies to learning accounting as well. If you learn accounting in the context of business operations, you would master the concepts of accounting in much lesser time and of course the fun way.
In this course, you will be introduced to the concept of accounting through the help of a story about Vijay, a budding entrepreneur. Vijay is setting up his new business. During this process, he learns new concepts in business accounting. Come, let us travel with Vijay and learn accounting too
Our Program Covers
The Accounting function of an organization is the backbone of the business. It is associated closely with real-time business operations. Here, in this course, Vijay’s business venture provides a context to help us learn more about accounting concepts as outlined below:
- Liabilities and assets
- Financing strategies
- The legal structures of a business
- The traditional accounting process
- Income, expenses and depreciation
- Deferred taxes, inflows and outflows
- Financial statements—The Profit And Loss Account, The Cash Flow Statement, The Balance Sheet
- Constructing financial statements
Learning Objectives
This volume will help you learn more about the six key accounting concepts—Income, Expense, Asset, Liability, Inflow And Outflow.
At the end of this course, you will be able to:
- Classify financial information into six accounting categories—Income, Expense, Asset, Liability, Inflow and Outflow
- Interpret the three types of financial statements—Balance Sheet, Profit and Loss Account, and Cash Flow Statement
- Explain the interconnectedness of the three types of financial statements
- Prepare the three types of financial statements
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