Bookkeeping Basics #2: Understand The Mechanics

Course

Online

£ 10 + VAT

Description

  • Type

    Course

  • Methodology

    Online

  • Start date

    Different dates available

Using simple, easy-to-understand discussion, illustrations and note sheets, this focused course with video lessons teaches you the basic understanding of the financial tools "debits" and "credits".Everyday examples using common phrases and terms you already know allows the instructor to break through the confusion and teach the concept and use of the tools on which everything else in bookkeeping and accounting is built.After completing the course, students will feel more confident and knowledgeable on topics such as...What's the difference between debits and credits
When does each one mean an increase versus a decrease
How do they relate to assets, liabilities and equity
Also, how do they relate to income and expenses
What is a T-Account and how is it used in bookkeeping
What is an EASY way to remember when to use "debit" and use "credit"Who this course is for:This course is designed for both new and established small business owners and managers who may be strong in their own fields but want a better understanding of the basic concepts of tracking their company finances as well as students beginning the journey of learning bookkeeping

Facilities

Location

Start date

Online

Start date

Different dates availableEnrolment now open

About this course

Understand what "debits" and "credits" actually mean when it comes to bookkeeping and accounting and be able to determine when to use each one when recording 

This course is designed for both new and established small business owners and managers who may be strong in their own fields but want a better understanding of the basic concepts of tracking their company finances as well as students beginning the journey of learning bookkeeping

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Reviews

This centre's achievements

2021

All courses are up to date

The average rating is higher than 3.7

More than 50 reviews in the last 12 months

This centre has featured on Emagister for 4 years

Subjects

  • Mechanics
  • Credit
  • Transactions
  • Accounts
  • Bookkeeping

Course programme

Introductions! 4 lectures 19:24 Course Overview A quick overview of what the course is going to cover, and assumptions of students abilities. Meet the Instructor and Resources Meet the Instructor and learn what resources are available for the course besides the video lessons. The Set Up of the Course How the course is organized and how the Accounting Cycle will be used as a guide. Accounting is a Process Begin to understand the steps involved in working through any bookkeeping work. Introductions! 4 lectures 19:24 Course Overview A quick overview of what the course is going to cover, and assumptions of students abilities. Meet the Instructor and Resources Meet the Instructor and learn what resources are available for the course besides the video lessons. The Set Up of the Course How the course is organized and how the Accounting Cycle will be used as a guide. Accounting is a Process Begin to understand the steps involved in working through any bookkeeping work. Course Overview A quick overview of what the course is going to cover, and assumptions of students abilities. Course Overview A quick overview of what the course is going to cover, and assumptions of students abilities. Course Overview A quick overview of what the course is going to cover, and assumptions of students abilities. Course Overview A quick overview of what the course is going to cover, and assumptions of students abilities. A quick overview of what the course is going to cover, and assumptions of students abilities. A quick overview of what the course is going to cover, and assumptions of students abilities. Meet the Instructor and Resources Meet the Instructor and learn what resources are available for the course besides the video lessons. Meet the Instructor and Resources Meet the Instructor and learn what resources are available for the course besides the video lessons. Meet the Instructor and Resources Meet the Instructor and learn what resources are available for the course besides the video lessons. Meet the Instructor and Resources Meet the Instructor and learn what resources are available for the course besides the video lessons. Meet the Instructor and learn what resources are available for the course besides the video lessons. Meet the Instructor and learn what resources are available for the course besides the video lessons. The Set Up of the Course How the course is organized and how the Accounting Cycle will be used as a guide. The Set Up of the Course How the course is organized and how the Accounting Cycle will be used as a guide. The Set Up of the Course How the course is organized and how the Accounting Cycle will be used as a guide. The Set Up of the Course How the course is organized and how the Accounting Cycle will be used as a guide. How the course is organized and how the Accounting Cycle will be used as a guide. How the course is organized and how the Accounting Cycle will be used as a guide. Accounting is a Process Begin to understand the steps involved in working through any bookkeeping work. Accounting is a Process Begin to understand the steps involved in working through any bookkeeping work. Accounting is a Process Begin to understand the steps involved in working through any bookkeeping work. Accounting is a Process Begin to understand the steps involved in working through any bookkeeping work. Begin to understand the steps involved in working through any bookkeeping work. Begin to understand the steps involved in working through any bookkeeping work. Lets's Learn Debits and Credits 14 lectures 01:22:19 Intro & Let's Refresh Begin the journey of understanding credits and debits along with some quick refresher on some important fundamental concepts. Finish Up The Refresh Wrap up the refresher with one last topic. Seeing Double? Learn why every time there is ONE transaction, there are AT LEAST TWO different accounts effected. Seeing MORE Than Double? Finish up the introduction to learning what is meant by Double Entry Accounting. Bob and the Equation Time to meet Big Bob and his Bakery along with about his Fundamental Accounting Equation More Equation (and Bob) Finish up learning about the Bakery's Fundamental Accounting Equation along with starting to enter transactions. Equation Practice Continue entering Bob's Big Bakery transactions into the Equation. T-Accounts & What Is A Debit? Introduction to the T-Account tool along with exactly what a Debit is. Transactions to T-Accounts Practice recording all the transactions into debit and credit format Footing, Balancing and Trial Balancing
  • Wrapping up the T-Accounts including finding each one's ending balance
Introducing the Quiz and Assignments Learn about your section quizzes and the "Homework" Assignment you have to work on throughout the section. Debits and Credits Quiz "Homework" Activity, Instructions, and Work Papers Welcome to your "homework" for the course. In the Resources section of this lesson are the work papers for the entire assignment and your instructions and data for Part 1. Homework Answers - Part 1 Lets's Learn Debits and Credits. 14 lectures 01:22:19 Intro & Let's Refresh Begin the journey of understanding credits and debits along with some quick refresher on some important fundamental concepts. Finish Up The Refresh Wrap up the refresher with one last topic. Seeing Double? Learn why every time there is ONE transaction, there are AT LEAST TWO different accounts effected. Seeing MORE Than Double? Finish up the introduction to learning what is meant by Double Entry Accounting. Bob and the Equation Time to meet Big Bob and his Bakery along with about his Fundamental Accounting Equation More Equation (and Bob) Finish up learning about the Bakery's Fundamental Accounting Equation along with starting to enter transactions. Equation Practice Continue entering Bob's Big Bakery transactions into the Equation. T-Accounts & What Is A Debit? Introduction to the T-Account tool along with exactly what a Debit is. Transactions to T-Accounts Practice recording all the transactions into debit and credit format Footing, Balancing and Trial Balancing
  • Wrapping up the T-Accounts including finding each one's ending balance
Introducing the Quiz and Assignments Learn about your section quizzes and the "Homework" Assignment you have to work on throughout the section. Debits and Credits Quiz "Homework" Activity, Instructions, and Work Papers Welcome to your "homework" for the course. In the Resources section of this lesson are the work papers for the entire assignment and your instructions and data for Part 1. Homework Answers - Part 1 Intro & Let's Refresh Begin the journey of understanding credits and debits along with some quick refresher on some important fundamental concepts. Intro & Let's Refresh Begin the journey of understanding credits and debits along with some quick refresher on some important fundamental concepts. Intro & Let's Refresh Begin the journey of understanding credits and debits along with some quick refresher on some important fundamental concepts. Intro & Let's Refresh Begin the journey of understanding credits and debits along with some quick refresher on some important fundamental concepts.Begin the journey of understanding credits and debits along with some quick refresher on some important fundamental concepts.Begin the journey of understanding credits and debits along with some quick refresher on some important fundamental concepts. Finish Up The Refresh Wrap up the refresher with one last topic. Finish Up The Refresh Wrap up the refresher with one last topic. Finish Up The Refresh Wrap up the refresher with one last topic. Finish Up The Refresh Wrap up the refresher with one last topic. Wrap up the refresher with one last topic. Wrap up the refresher with one last topic. Seeing Double? Learn why every time there is ONE transaction, there are AT LEAST TWO different accounts effected. Seeing Double? Learn why every time there is ONE transaction, there are AT LEAST TWO different accounts effected. Seeing Double? Learn why every time there is ONE transaction, there are AT LEAST TWO different accounts effected. Seeing Double? Learn why every time there is ONE transaction, there are AT LEAST TWO different accounts effected. Learn why every time there is ONE transaction, there are AT LEAST TWO different accounts effected. Learn why every time there is ONE transaction, there are AT LEAST TWO different accounts effected. Seeing MORE Than Double? Finish up the introduction to learning what is meant by Double Entry Accounting. Seeing MORE Than Double? Finish up the introduction to learning what is meant by Double Entry Accounting. Seeing MORE Than Double? Finish up the introduction to learning what is meant by Double Entry Accounting. Seeing MORE Than Double? Finish up the introduction to learning what is meant by Double Entry Accounting.Finish up the introduction to learning what is meant by Double Entry Accounting.Finish up the introduction to learning what is meant by Double Entry Accounting. Bob and the Equation Time to meet Big Bob and his Bakery along with about his Fundamental Accounting Equation Bob and the Equation Time to meet Big Bob and his Bakery along with about his Fundamental Accounting Equation Bob and the Equation Time to meet Big Bob and his Bakery along with about his Fundamental Accounting Equation Bob and the Equation Time to meet Big Bob and his Bakery along with about his Fundamental Accounting EquationTime to meet Big Bob and his Bakery along with about his Fundamental Accounting EquationTime to meet Big Bob and his Bakery along with about his Fundamental Accounting Equation More Equation (and Bob) Finish up learning about the Bakery's Fundamental Accounting Equation along with starting to enter transactions. More Equation (and Bob) Finish up learning about the Bakery's Fundamental Accounting Equation along with starting to enter transactions. More Equation (and Bob) Finish up learning about the Bakery's Fundamental Accounting Equation along with starting to enter transactions. More Equation (and Bob) Finish up learning about the Bakery's Fundamental Accounting Equation along with starting to enter transactions.Finish up learning about the Bakery's Fundamental Accounting Equation along with starting to enter transactions.Finish up learning about the Bakery's Fundamental Accounting Equation along with starting to enter transactions. Equation Practice Continue entering Bob's Big Bakery transactions into the Equation. Equation Practice Continue entering Bob's Big Bakery transactions into the Equation. Equation Practice Continue entering Bob's Big Bakery transactions into the Equation ...

Additional information

As long as you know how to add and subtract (or can use a calculator!), you're ready to begin!

Bookkeeping Basics #2: Understand The Mechanics

£ 10 + VAT