Accounting Basics Tutorial | Learn Accounting in 4 Hours | Great Learning

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In simple words, accounting could be defined as the process of recording, summarizing, analyzing, and reporting financial information pertaining to any business. Although it seems like the brainchild of the contemporary financial setting, the earliest attempts of accounting date back to ancient civilizations. And this very fact highlights the importance and involvement of accounting in human life across centuries. Moreover, the significance or importance of accounting is not just limited to the technicalities of running a business. Its essence permeates through our day-to-day lives and composes a variety of ordinary activities, like filling your income tax returns or monitoring transactions. The course helps you beat the struggle by introducing you to some basic terms used in accounting; accounting concepts like dual entry concept, matching concept, and separate entity concept; particulars related to the financial statement- balance sheet, income statement, and cash flow statement. Lastly, the course will bring a step-by-step working of an accounting cycle.

🔹 Topics Covered:
00:00:00 - Agenda
00:01:53 - Introduction to basic accounting
01:05:07 - Basics of accounting
01:22:08 - Book-keeping
02:06:04 - Introduction to management accounting
02:46:21 - Financial Accounting
03:32:23 - Summary

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🔹 About Great Learning:
- Great Learning is an online and hybrid learning company that offers high-quality, impactful, and industry-relevant programs to working professionals like you. These programs help you master data-driven decision-making regardless of the sector or function you work in and accelerate your career in high growth areas like Data Science, Big Data Analytics, Machine Learning, Artificial Intelligence & more.

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