Accounting Journal Entries – A beginner’s guide – V1.0
Accounting Journal Entries – A beginner’s guide – V1.0, One stop repository of basic journal entries for all Finance professionals, Accounting students and Business needs.
1. A simple course comprising of Accounting Journal entries applicable for every business.
< Downloadable resource – the full PDF on Accounting journal entries under lecture 1>
2. This course will make accounting journal entries interesting for all those who have been avoiding this subject.
3. It will be a one stop repository of all basic journal entries for most of the sub processes.
4. It covers first level accounting Journal entries
· Basics of Journal entries and types of Journal entries
· Journal entry format and Journal entry impact on accounts
· 3 Golden rules of accounting – Real account, Personal account, Nominal account
· Two scenario-based examples, with a step-by-step approach to identify the correct accounting journal entries. With this step-by-step approach you will be able to arrive at the correct journal entries for any given scenario.
· Order to Cash process – Revenue, Accounts Receivables, Allowance for Bad debts, Bad Debts, Factoring
· Procure to Pay process – Payable, Payroll expenses, Accruals
· Prepaid, Fixed Assets, Inventory, Abnormal loss, Prepaid expenses, Petty cash, Banking
· Special topics like Intercompany, Lease, Impairment, Goodwill, Amortization expense
· Taxes – Goods and Service Tax, Income tax and Deferred Tax Asset and Deferred Tax Liability
· Share capital, Dividend
· Investments, Investment in Associates and Investment by the owner in Equity
5. This course is relevant for all Business needs, Finance professionals and accounting students.
