Accounting Basics for Success in Business and in Life!

Accounting Basics for Success in Business and in Life is one of the Online Courses to Learn Accounting. The first section of this course covers accounting lingo and is ideal for those who are just learning the language of accounts. This part is for persons who have a basic understanding of accounting. This section will assist you in learning basic accounting terminology. After all, you'd start with the ABCs if you were learning any language, right?

The Accounting Cycle is covered in the second section (which in plain English simply means the process Accountants follow). If you've ever wondered what Accountants do, this section will give you a sneak glance. You'll never be puzzled about Debits and Credits again if they ever perplexed you in school. Many people are also perplexed by the phrase "bookkeeping" and do not completely comprehend the role of bookkeepers in the business process, which learners will discuss in this section. You'll be able to decipher the mystery behind your company's figures after you understand the Accounting Cycle.

Section Three takes us from the theoretical to the practical, as learners put everything learners have learned in Sections 1 and 2 into practice by diving deep into Wave, a free accounting software. Learners will look at and understand the three main financial statements in Section Four: the Balance Sheet, Income Statement, and Cash Flow Statement. You've been losing out if you've never grasped Financial Statements and why they're so crucial. Financial Statements must be understood by everyone who wishes to make a mark in the business sector. If you run or plan to operate a business, knowing how to read financial statements can help you advance from being a decent to a great business owner. They can transform you from a naive to a savvy investor.

Ratio Analysis is covered in Section 5. Using Financial Statements and Ratio Analysis, you can extensively assess a company's performance. Learning how to compute financial ratios will assist you in obtaining quick and useful information about businesses.

Finally, in Section Six, we have compiled and organized all of the frequently asked questions as part of an ongoing library.

This course requirement:

• Know English.
• Understand Basic Math.
• A basic calculator would be helpful to solve some Quizzes but is not required.
• No other prior Accounting knowledge is needed - Just a curious mind!

Udemy Rating: 4.7/5
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