Basic Accounting

Enroll in this Basic Accounting course to learn to record, summarize, analyze and report financial data pertaining to businesses. Understand the significance of income tax and monitoring transactions online for free.

4.55
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40.6K+ Learners
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Beginner

What you learn in Basic Accounting ?

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Dual entry concept
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Accounting cycle
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Matching concept
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Separate entity concept
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Balance sheet
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Cash flow statement

About this Free Certificate Course

This free online Accounting course is designed to enrich your knowledge about systems for gathering, evaluating, and reporting information about financial and business transactions. The course begins with explaining accounting and then continues with book-keeping and record-keeping concepts of accounting. You will learn to track transactions, report them, and be knowledgeable about the accounting cycle. Complete the assigned exercises to earn the Basic Accounting certificate upon successfully completing the course. 

 

After this beginner-level, self-paced Basic Accounting course, expand your knowledge with the Management Certificate Courses and earn industry-relevant skills to elevate your contribution to your organization. 

 

Course Outline

What is Accounting?

This section discusses the basics and different types of accounting. It also covers different stakeholders involved in accounting. 

 

BookKeeping

This section discusses what bookkeeping is and points out to the importance of doing it systematically. It also covers different types of bookkeeping practices. 
 

Record keeping system

This section explains the logical approach to maintaining records within the organization. It discusses various elements in the record-keeping system with examples. 
 

Tracking Transactions

This section covers the practices to track transactions and the involvement of sales tasks in cash flow. It also discusses various elements that complete transactions. 

Reporting Transactions

This section explains the concepts of the balance sheet, income statement, and balance statement. It also demonstrates the approach to maintaining accounts through these practices. 

Accounting Concepts

This section explains separate entities, going concern, double entry, and matching concepts in accounting with examples.  
 

Accounting Cycle

This section defines the accounting cycle and explains the collection of transactions, recording journals, positioning ledger accounts, trial balance, adjusting entities, preparing financial statements, and closing entities phases. 

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Basic Accounting

With this course, you get

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Free lifetime access

Learn anytime, anywhere

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Completion Certificate

Stand out to your professional network

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1.5 Hours

of self-paced video lectures

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Frequently Asked Questions

What prerequisites are required to learn this online Accounting course?

The free Accounting course requires you to have no prior knowledge of anything. The course caters to everybody looking to learn Accounting from basics to advance concepts. 
 

How long does it take to complete learning this free online Accounting course?

The course contains one and a half hours of video content that you can finish at your own convenience. Great Learning Academy courses are self-paced and can be finished whenever you get time. 
 

Will I have lifetime access to this free course?

Yes, the Great Learning Academy free course comes with lifetime access. Any learner who wants to brush up on their skills can revisit and take the course again. 
 

What are my next learning options after this course?

After you complete this free online Accounting course and excel with the certificate, you can progress your learning through Great Learning’s Executive Management Program, which covers all the essential skills to build one’s career. 

Is it worth learning Accounting?

Yes, Accounting is an essential part of every organization. Financial statements are more trustworthy because of accounting principles. 
 

What is Accounting used for?

Accounting organizes the data into an understandable format, showing the outliers, and assisting in managing finances within your organization. Recording and reporting a company's financial transactions, financial performance, and cash flows is accounting's primary objective.
 

Why is Accounting so popular

Accounting is a vital practice to running any business because it makes it simpler to keep track of a company's income and expenses, ensures legal compliance, and provides access to quantitative financial data that may be used by investors, management, and the government to make choices.
 

What jobs demand that you learn Accounting?

  • With expertise in Accounting, you can land in jobs like:
  • Chartered Accountant
  • Chartered Management Accountant
  • Chartered Public Finance Accountant
  • Company Secretary
  • External Auditor
  • Forensic Accountant
  • Stockbroker
     

Will I get a certificate after completing this online Accounting course?

Yes, once you finish the course modules, you can take the quiz that will reward you with Basic Accounting certificate. The certificate showcases your skills and imparts value to your professional career. 
 

What knowledge and skills will I gain upon completing this free Accounting course?

You will be able to record, manage, and track financial information within your organization. You will also be able to maintain a ledger and be aware of the accounting cycle after completing this free Accounting course. 
 

How much does learning this Accounting course cost?

The course is entirely free of cost. So any learner can enroll in this course and start learning different concepts in Accounting and the practices to manage them. 
 

Is there a limit on how many times I can take this Accounting course?

No, the course doesn’t set any limit to taking it. Learners can take this course as many times as they want. Hence, whenever you feel like revising your learnings, you can revisit the course and start learning again. 

Can I sign up for multiple courses from Great Learning Academy at the same time?

Yes, there are a number of courses you can enroll in and start learning. You can sign up for as multiple courses as you want to enroll in simultaneously with Great Learning Academy. 
 

Why choose Great Learning Academy to learn Basic Accounting?

Great Learning Academy is a comprehensive platform that provides self-paced courses in various domains. Learners take benefit from these courses in their professional careers. There are more than 5 million learners worldwide who are benefitted from these courses. This course is helpful for enthusiasts looking forward to building a career in Finance and Accounting. This course will familiarize different accounting concepts for free online and also imparts skills to practice accounting. 
 

Who is eligible to take this Accounting course?

Anyone with no background in accounting can take this course. 

What are the steps to enroll in this course?

You need to follow the steps below to enroll in this course:
1. Visit the Great Learning Academy homepage.
2. Search for the course in ‘Basic Accounting.’
3. Now click on the ‘Enroll for Free’ button.
4. Register yourself with Great Learning Academy to enroll in any course by providing the required details and start learning the course for free. 
 

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