Accounting 105 - Profit & Loss Statements & Balance Sheets

About Accounting 105 - Profit & Loss Statements & Balance Sheets

Principles Of Accounting:

_"Accounting 105 is the 5th and Last Part out of a series of Accounting Courses_

that are designed to help the complete beginner, go on to master the basics concepts of accounting and move on step by step to become a professional accountant!

_Students can further their knowledge of key accounting concepts which they can use in their full time employment goals or even can use this series to pick up freelance jobs to earn passive income by maintaining/completing book keeping entries for others via freelance websites_

The course is not just theory but also takes real life examples and walks you through the accounting process. It is meant for students who would like to grasp the accounting concepts in an easy and fun learning environment. This is a slow moving course. Please do not expect me to move fast since it is designed for the beginner student.

_Those students who are already aware of accounting concepts should take a more advanced level course instead._

Course Outline:

In this course we are going to learn about the basic accounting principles of:

Calculating Sales & Net Sales

Calculating Purchases & Net Purchases

Finding the Cost of goods sold

Calculating the Gross Profit

Calculating the Net Profit

Creating the Profit & Loss Statement

Creating the Profit & Loss Statement with year end adjustment entries

Current Assets vs Non-Current Assets

Creating the Balance Sheet From Scratch

Using and building a template to create P&L Statements and the Balance Sheet

Solidify your knowledge through Practice Questions and check your answers Having completed the entire series students of the proper age would be able to take up entry level jobs as book keepers, however students would have to practice these concepts again and again externally so that they can grasp real world applications quickly.

Other Courses:

The other parts of this Accounting Series are as follows: Accounting 102 - The Ledger & The Trial Balance Accounting 103 - The Special Journals & The Subsidiary Ledgers Accounting 104 - Bank Reconciliation & Correction Of Errors