Hello Friends.. Let us see the summary of the course and discuss what we have learned in this course. In the first module, we have seen the definition and importance of accounting,that is, what is the importance of accounting and definition of accounting? Then we learned the various accounting concepts.. After that we have seen the various terminologies of accounting. So, these are all the concepts we have covered in module 1
Now, in module 2 we have discussed what are Financial Transactions.. And then we learned how to differentiate between transactions and financial transactions .. After that we learned about books of accounts, what are books of accounts and what components are covered in books of accounts..
Then, we have seen module 3, so in module 3 we have discussed accounting principles. What are the different fundamental accounting principles? and what are the different fundamental accounting assumptions? After that we have seen what is ledger? Then we have discussed different accounting methods, so when i write accounts, what are the different methods or ways to write it..
Now friends, in module 4 we have learned about the process of bookkeeping. We have discussed that portion step wise step, from where it will start and after discussing all the components where it will end. Then if you remember, we have seen the flowchart, i.e the flowchart of bookkeeping . So, we have covered all these components in module 4.
Now, in module 5 we have seen the importances of bookkeeping. What are the different advantages of bookkeeping? After that we have discussed what are fixed assets? Do you remember that tangible and intangible assets concept.. Then we discussed the depreciation methods. We have seen two depreciation method, SLM and written down value method (WDV)
In module 6, we have learned about bank reconciliation statements, what bank reconciliation statements are and why we are making this statement. After that we have seen how we can make this statement.
In module 7, we have seen how to pass the journal entries in different situations.
In module 8, we have discussed what are the different parties involved in payroll, how can we book payroll journal and how to book payroll payment entry
In the last module, i.e module 9, we have covered what are the different financial statements? When someone asks you what is a financial statement? and what are the components of financial statements then financial statement covers balanced sheet, profit and loss accounts, cash proof statement and notes to account.
So, this was the summary of our course. Thank you friends
Very good initiative .
Siddharth Nair R
I belong to science background and have almost zero knowledge of accounting but after starting the course I am gaining knowledge from the scratch as it is beautifully explained.
its quite easy to learn here
RAJESH KUMAR SAMOTA
Very good course
Amazing course content and easy to understand.Your English speaking and voice of tone is very good which a teacher needs.
Ali Kamel Abd El Aziz
The course is very important for the beginner to learn and practice. Instruction given by instructor is very easy to understand.