Financial Accounting For Beginners

“From Basic Terms to Final Accounts: Learn Financial Accounting Step-by-Step”

What you'll learn

Students will learn fundamental principles of financial accounting

Gain the skills to create and read a balance sheet, income statement and cash flow statement

Learn how to record journal entries and understand the impact on financial statements.

Use basic accounting to manage finances for small business or personal use

Requirements

No prior accounting knowledge needed - This course is for complete beginners

Description

Are you new to accounting and looking for a simple, step‑by‑step way to understand its essentials? This Financial Accounting for Beginners course is designed just for you! It covers all the core concepts and practices you need to build a strong foundation in accounting — ideal for students, entrepreneurs, working professionals, or anyone starting their accounting journey.We’ll begin with the introduction to financial accounting, exploring its role and importance in business. You’ll learn the accounting equation and concepts, understand common accounting terminology, and master the rules of debit and credit. From there, we’ll move on to recording transactions in the Journal, posting them to the Ledger, and preparing the Trial Balance.The course also guides you through creating the Final Accounts — including the Trading Account, Profit and Loss Account, and Balance Sheet — making it easy for you to understand how a business arrives at its financial results and position. You’ll gain the knowledge and confidence to record transactions, organize data, and interpret basic financial statements.With clear explanations, practical examples, and a beginner‑friendly approach, this course will help you build the foundation you need to continue learning accounting or apply it in a business context. By the end, you’ll be able to understand and work with financial statements, making you more confident and proficient in the language of business.If you’re looking for an accessible, structured, and easy‑to‑follow introduction to financial accounting, this is the right place to start! Let’s build your accounting skills together — step by step.

Overview

Section 1: Introduction to the course

Lecture 1 Meet your instructor

Lecture 2 Why Learn Financial Accounting

Lecture 3 How To Use This Course

Section 2: Introduction to Financial Accounting

Lecture 4 Introduction to Financial Accounting

Lecture 5 Objectives and Importance

Lecture 6 Users of Financial Information

Lecture 7 Limitations of Financial Accounting

Section 3: Basic Accounting Terminology

Lecture 8 Assets, Liabilities and Capital

Lecture 9 Income, Expense, Profit, Loss

Lecture 10 Debtor, Creditor, Purchase, Sale

Lecture 11 Stock, Goods, Drawing

Section 4: The Accounting Equation and System

Lecture 12 The Accounting Equation And System

Lecture 13 Effects of Transactions on Equation

Lecture 14 Introduction to Double-Entry System

Section 5: Rules of Debit and Credit

Lecture 15 Golden Rules Of Accounting

Section 6: Recording Transactions Journal

Lecture 16 What Is Jounal Format And Use

Lecture 17 Narration In Journal Entries

Section 7: Ledger Posting

Lecture 18 Introduction To Ledger

Lecture 19 Ledger Format

Section 8: Trial Balance

Lecture 20 What Is Trial Balance

Lecture 21 Purpose Of Trial Balance

Lecture 22 Steps To Prepare Trial Balance

Lecture 23 Errors Not Deducted By Trial Balance

Section 9: Final Accounts

Lecture 24 Final Accounts

Section 10: Conclusion

Lecture 25 Conclusion

This course is perfect for beginners, students, entrepreneurs, or anyone who wants to understand basics of financial accounting,No prior experience is required