Accounting Simplified 2023

Debits and Credits Simplified

What you'll learn
Understand debit & credit in accounting with a simple approach
Understand the logical reasoning behind debit & credit
Students will be able to record any complex transaction after learning our method
Understand how to keep accounts for your own business

Requirements
No accounting knowledge is required. We will teach you everything from the basics.

Description
I have been working in the IT industry for the past 6 years. Having a background in accounting & finance, I have seen lot of my software engineer colleagues struggle when they try to understand accounting entries. Specially, debits and credits. Why the hell revenue is credited and expenses are debited? Shouldn't it be other way around, as revenue is good for the company and expenses are bad for the company. So, I thought to put some effort to explain the logic behind accounting entries. I feel explaining accounts in a logical way would help you to understand accounting easily. I hope anyone who is interested to learn accounting will benefit from this course.After you follow the course, you will find that accounting is so much easier and you will be able to write down any double entry of any business scenario easily. Who can follow this course?You do not need to have any prior knowledge or experience on accounting to follow this course. I explain the double entry concept from basics to an advanced level using day to day examples and simple words. So, even beginners will find this course easy to follow. Also, if you have prior knowledge or experience in accounting, then you will find the content easy to grasp and you will definitely learn a new aspect of accounting.

Overview
Section 1: Introduction

Lecture 1 Introduction to Simplified Accounting

Lecture 2 Two key rules of Simplified Accounting

Lecture 3 How to draw an account?

Section 2: Simplified Accounting - Beginner Level

Lecture 4 Example 1 - Bank granting a loan to the business

Lecture 5 Example 2 - Owner investing in the business

Lecture 6 Example 3 - Loan Repayment

Lecture 7 What is debit & credit?

Section 3: Simplified Accounting - Intermediate Level

Lecture 8 Revenue & Expenses

Lecture 9 Example 4 - Rent Income

Lecture 10 Example 5 - Electricity Expense

Section 4: Simplified Accounting - Expert Level

Lecture 11 Example 6 - Buying a Van

Lecture 12 Example 7 - Transactions of a Trading Business

Beginners to accounting,Advanced accounting practitioners who want to know the logical reasoning behind accounting,Anyone who is interested to learn accounting,If you are struggling to score marks for accounting

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