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Accounting for Beginners Part 1 The Accounting Equation

Learners: 337,690

Instructor: Counttuts

Duration:

Learn the basics of accounting with Counttuts! In this course, This coursewill explain the accounting equation and its importance, as well as provide examples of assets, equity, and liabilities. This coursewill also go through a complete example of doing the accounting equation. Additionally, This coursewill cover debits and credits, journal entries, general ledger, accruals and prepayments, and trial balance.▼▲

Course Feature Course Overview Pros & Cons Course Provider

Go to class

Course Feature

Cost:

Free

Provider:

Youtube

Certificate:

No Information

Language:

English

Start Date:

2021-05-06 00:00:00

Course Overview

❗The content presented here is sourced directly from Youtube platform. For comprehensive course details, including enrollment information, simply click on the 'Go to class' link on our website.

Updated in [July 18th, 2023]

This course provides an overview of the fundamentals of accounting for beginners. In Part 1, learners will gain an understanding of the accounting equation and its importance. Assets, equity, and liabilities will be discussed, with examples provided. Part 2 will cover debits and credits, journal entries, and Part 3 will cover general ledger (T-accounts). Part 4 will cover accruals and prepayments, and Part 5 will cover trial balance with debits and credits explained with examples. Learners can join live sessions to get further help and support, and can also check out other straightforward examples on the Counttuts channel. One-on-one tutorials are also available at reasonable rates. Connect with Counttuts via email ([email protected]), their website (https://Counttuts.com), and their Facebook page (https://www.facebook.com/Counttuts). Learners can also support their efforts through PayPal (paypal.me/counttuts).

Pros & Cons

Pros Cons

Step-by-step examples: Users appreciate the step-by-step examples provided in the course, which make it easier for them to understand and grasp accounting concepts. This approach helps them pass tests and exams more effectively.
Simplified explanations: The course simplifies complex accounting concepts, such as the statement of financial position and trial balance, making them easier to comprehend. Users find this simplification helpful in their learning journey.

Limited focus on finance principles: One user mentions that some accounting principles are more relaxed in the finance field. While the course serves as a great refresher for professionals, it may not cover all the nuances of accounting in the finance space.
Lack of clarity on long-distance learning: A first-time accounting long-distance student expresses gratitude for the course but also mentions having no clue about everything. This suggests that the course may not provide sufficient guidance or support for long-distance learners who require more comprehensive instruction.