WORKSHEET FOR FUNDAMENTALS ACCOUNTANCY
What are Accounting Worksheets?
Definition: Worksheets are prepared at the end of an accounting period and usually include a list of accounts, account balances, adjustments to each account, and each account’s adjusted balance all sorted in financial statement order. As you can imagine, after a worksheet is completely filled out, preparing financial statements manually is quite simple. Most of the preparation work goes into drafting the worksheets.
Click on download button to download free pdf for worksheet
What is the best book for learning accounting?
Accounting is a very vast and deep subject. However, the basic foundations of accounting are simple and easy to learn.
Here are the various branches of accounting Branches / Types of Accounting - AccountingVerse with 3 main branches being - Financial Accounting, Management Accounting and Cost Accounting.
I second Gennaro Cuofano ‘s answer on the basic knowledge that lay the right foundation for you to take large strides later which I repeat:
- Accounting Equation
- GAAP or IFRS principle
- Double Entry (The 3 golden rules of debit and credit)
- General Ledger
- Financial Statements
- Cash Flow
- Ratio Analysis
So how do you get started?
ONLINE:
- MIT Open Courses: There are a number of accounting coureses which can be learnt for free at OpenCourseWare Search Results: accounting
- Coursera: A good course on basics of financial accounting by University of Pennsylvania - Introduction to Financial Accounting - University of Pennsylvania | Coursera
- Simple Studies: Another great website where you can learn accounting for free is Simple Studies, which focuses on all the aspects of bookkeeping. It offers tutorials and articles, as well as a dictionary for complex terms. Accounting tutorials, lectures, exam and test questions, articles, dictionary: Smart accounting course
- Accounting Coach: Accounting Coach is the best website for both students and professsionals, as it offers more than 1,000 lectures on the concepts of accounting.Don’t miss out on checking this one out at Learn Accounting Online for Free | AccountingCoach
BOOKS:
- Accounting Made Simple (in less than 100 pages)
- Double Entry Bookkeeping
- Accounting in a Nutshell
- The Accounting Game (A practical read)
If you are interested in more advanced books feel free to ask.
Wish you the best in your journey to learn accounting as you enjoy every stride you take to become an expert in accounting!
No comments:
Post a Comment