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Course Content

Introduction to Fundametals of Accounting and Bookkeeping

How to use LearnVern

Introduction to Accounting

Various Accounting Concepts

Various Terminologies in Accounting

Assignment : Basic Accounting

Assignment : Basic Accounting

Quiz : Basic Accounting

Financial Transactions in Accounting

What are Books of Account

Assignment : Starting Point of Accounting

Quiz : Starting Point of Accounting

Fundamental Principles of Accounting

Accounting Assumptions

Ledger & Accounting Methods

Assignment : Fundamental Accounting Principle

Assignment : Fundamental Accounting Principles

Quiz : Fundamental Accounting Principle

Steps of Bookkeeping Process Part-1

Steps of Bookkeeping Process Part-2

Assignment : Steps of Bookkeeping Process

Quiz : Steps of Bookkeeping Process

Importance of Bookkeeping Process

What are Fixed Assets

Assignment : Importance of Bookkeeping

Assignment : Importance of Bookkeeping

Quiz : Importance of Bookkeeping

What is Bank Reconciliation

Example of Bank Reconciliation Statement (BRS)

Assignment : Bank Reconciliation

Quiz : Bank Reconciliation

Journal Entry in Accounting

Cases where Journal Entry is required

Assignment : Journal Entry

Quiz : Journal Entry

Introduction to Payroll

Transactions with Payroll

Assignment : Payroll Management

Quiz : Payroll

Financial Statements

Financial Statements with Example

Assignment : Financial Statements

Quiz : Financial Statements

Course Summary

Interview Question in Fundamentals Of Accounting And Bookkeeping

Career Guideline

Fundamental Principles of Accounting

Fundamentals of Accounting And Bookkeeping Fundamental Accounting Principle

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Discussion

Course Content

Introduction to Fundametals of Accounting and Bookkeeping

How to use LearnVern

Introduction to Accounting

Various Accounting Concepts

Various Terminologies in Accounting

Assignment : Basic Accounting

Assignment : Basic Accounting

Financial Transactions in Accounting

What are Books of Account

Assignment : Starting Point of Accounting

Fundamental Principles of Accounting

Accounting Assumptions

Ledger & Accounting Methods

Assignment : Fundamental Accounting Principle

Assignment : Fundamental Accounting Principles

Steps of Bookkeeping Process Part-1

Steps of Bookkeeping Process Part-2

Assignment : Steps of Bookkeeping Process

Importance of Bookkeeping Process

What are Fixed Assets

Assignment : Importance of Bookkeeping

Assignment : Importance of Bookkeeping

What is Bank Reconciliation

Example of Bank Reconciliation Statement (BRS)

Assignment : Bank Reconciliation

Journal Entry in Accounting

Cases where Journal Entry is required

Assignment : Journal Entry

Introduction to Payroll

Transactions with Payroll

Assignment : Payroll Management

Financial Statements

Financial Statements with Example

Assignment : Financial Statements

Course Summary

Interview Question in Fundamentals Of Accounting And Bookkeeping

Career Guideline

FAQs

Accounting principles serve as a guideline for accountants' theories and methods when performing accounting systems. Accounting principles ensure that businesses adhere to a set of guidelines for recording, recording, and presenting economic occurrences.

The principle of time. This is the idea that a company should publish its operational outcomes over a set period of time. This is perhaps the most self-evident of all accounting concepts, yet it is meant to produce a standard set of comparable periods for trend research.

Full disclosure principle in Accounting is a phrase that refers to the requirement for all public companies to disclose material information, underlying facts and data, and the data's assumptions. This can be done through various means such as the release of quarterly financial reports or a press release.

This topic is related to the accounting practice of revenue recognition. It is the process in which a company recognizes revenue when goods or services are transferred to customers and expenses are incurred. This principle can be applied to many different industries and vary depending on each company's unique situation.

When all four of the classic revenue recognition requirements are met, revenue is recognised: (1) the price can be set, (2) collection is likely, (3) compelling proof of an arrangement exists, and (4) delivery has occurred.

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