Accounting Journal Entries – A beginners guide

Accounting Journal Entries - A beginners guide

Accounting Journal Entries – A beginners guide

One stop repository of basic journal entries for all Finance professionals, Accounting students and Business needs

Language: english

Note: 4.2/5 (10 notes) 212 students  New course 

Instructor(s): Sonu Thomas

Last update: 2022-03-22

What you’ll learn

  • Learn the 3 golden rules of accounting
  • Learn the logic of application of these rules (A step-by-step approach) to identify the correct accounting journal entry for any scenario
  • Learn the basic accounting journal entries across different sub processes
  • Will be confident in answering most of accounting entry related questions

 

Requirements

  • Basic understanding of Accounts
  • Interest in learning the basics of accounting journal entries

 

Description

1. A simple course comprising of Accounting Journal entries for beginners.

2. This course will make accounting journal entries interesting for all those who have been avoiding this subject.

3. It will be a one stop repository of all basic journal entries for most of the sub processes.

4. It covers first level accounting Journal entries

· Basics of Journal entries and types of Journal entries

· Journal entry format and Journal entry impact on accounts

· 3 Golden rules of accounting – Real account, Personal account, Nominal account

· Two scenario-based examples, with a step-by-step approach to identify the correct accounting journal entries. With this step-by-step approach you will be able to arrive at the correct journal entries for any given scenario.

· Order to Cash process – Revenue, Accounts Receivables, Allowance for Bad debts, Bad Debts, Factoring

· Procure to Pay process – Payable, Payroll expenses, Accruals

· Prepaid, Fixed Assets, Inventory, Abnormal loss, Prepaid expenses, Petty cash, Banking

· Special topics like Intercompany, Lease, Impairment, Goodwill, Amortization expense

· Taxes – Goods and Service Tax, Income tax and Deferred Tax Asset and Deferred Tax Liability

· Share capital, Dividend

· Investments, Investment in Associates and Investment by the owner in Equity

5. This course is relevant for all Business needs, Finance professionals and accounting students.



 

Who this course is for

  • This course is for all Finance professionals, Accounting aspirants and accounting students who would want to learn the basics of accounting journal entries.

 

Course content

  • Introduction
    • Introduction to the course
    • Introduction to the instructor
  • Introduction to Accounting Journal Entries
    • Introduction to Accounting Journal Entries
    • Rules of Accounting Journal Entries
    • Examples
  • Accounting Journal Entries for Sub-Processes
    • Order to Cash
    • Procure to Pay
    • Assets
    • Special Topics
    • Taxes
    • Share Capital
    • Investments

 

Accounting Journal Entries - A beginners guide
Accounting Journal Entries - A beginners guide

 

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