Accounting is growing becoming an increasingly important part of Finance.Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.
Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
Accounting can be defined as the production of financial information. It means that accounting allows us to see things like how much money you are earning, how much you are worth, how much money you spend and where you can improve to make even more money!
In this Accounting for Beginners training course, you will gain a comprehensive overview of the Accounting concepts and get an understanding of the Accounting& purpose, Assets & Liabilities in Accounting, Accounting Equation, Revenue, Expense & Drawing in Accounting, Expanded Accounting Equation, Basic Accounting Transaction, Journal Entries in Accounting, Depreciation Calculation, Trial Balance Preparation, Profit & Loss Statement preparation, Balance Sheet preparation, Importance of Cash Flow Statement, Financial Statements Analyzation etc. Master the technical skills needed to analyze financial statements and disclosures for use in financial analysis, and learn how accounting standards and managerial incentives affect the financial reporting process.
After this course you will have the understanding you need to launch into a career in Accounting, to spearhead the Finance within your organization.
It will cover the basics for the areas that every good Accountant should know, and being proficient in these areas can be the key to your success. After this course you will have a clear understanding of what Accounting is all about, and can make a clear decision of if it's the right field for you.