Igcse Accounting Part 1

Accounting course for the beginners and for academic students of IGCSE and O levels.

What you’ll learn
This course covers all the topics of covering the Cambridge IGCSE and O Level Accounting syllabuses (0452 and 7707).
Students will be able to learn about journals, ledgers, books of prime entry, financial statement with all necessary adjustments
Students will be able learn about the financial accounting rules and principles.
Students will be able to understand different formats of the financial statements
Requirements
There are no prerequisites for this course as it will focus on the basics at first.
Description
This course includes the following aspects:1. Accounting basics:· Learn about the basic foundation of accounting and book-keeping· Understand how an accounting equation works· Understand the difference between book-keeping and accounting· Understand the importance of learning book-keeping and accounting2. Double-entry book-keeping· Understand the methodology of using double-entry book-keeping· Understand the advantages of using double-entry book-keeping· Understand the correct use of debit and credit· Understand the process of recording the transactions under this method· Understand the process of recording transactions using various business documents· Learn about different formats of accounts· Learn the process of preparing journals and ledgers· Learn about the process of preparing journals· Learn about the process of preparing ledgers· Learn about the process of preparing a cash book· Learn about the discounts like trade discount and cash discount3. Financial Statements· Learn how to prepare a trial balance· Discuss the errors not traced by trial balance· Understand how to prepare the financial statements using a trial balance· Learn about the process of preparing financial statements – Income statement and Statement of Financial Position· Learn about the basic adjustment of closing inventories· Learn about the basic adjustment of profit for the year· Understand the formats of Income statements and Statements of financial position· Understand the difference between different assets and liabilities

Overview

Section 1: The fundamentals of Accounting

Lecture 1 The purpose of accounting

Lecture 2 Double Entry Book-keeping Part 1

Lecture 3 Double entry book-keeping part 2

Lecture 4 Double entry book-keeping part 3

Lecture 5 Petty Cash Book

Lecture 6 Books of Prime Entry

Section 2: Financial Statements of a Sole Trader

Lecture 7 Trial Balance

Lecture 8 Income Statement

Lecture 9 Statement of Financial Position

IGCSE and O Level Accounting student and also those who wish to learn accounting basics.