Financial Accounting From Scratch

An extensive guide to financial accounting, the course is prepared by our in-house Finance experts. A free-of-cost initiative, we aim to make these resources accessible to all finance enthusiasts.

Financial accounting from scratch

Chapters

Financial accounting

Introduction to Financial Accounting

This chapter gives you an overview of accounting, its 3 main branches, how they aid businesses & their decision-making process..

Accounting conditions

Concepts, Conventions & Conditions

Gain insight into the uniform accounting system - Generally Accepted Accounting Principles (GAAP), different concepts under these principles & their applicability in the real world..

Accounting rules

Golden Rules of Accounting

This chapter gives you a glimpse into the different kinds of accounts within accounting along with the fundamental rules of accounting aka ‘Golden Rules’ which build the foundation for businesses..

Transactional analysis

Accounting Equation

Every business transaction has two effects. Deep dive into this concept of the dual aspect of accounting along with examples from real businesses..

Recording of transactions

Recording of Transactions

Learn how various financial transactions are recorded to maintain the Book of Original Entries..

Transfer to Ledger

Transfer of Ledger

Gain insight into the concept of ledger entries & how it helps businesses keep track of their transactions..

Accounting trial balance

Trial Balance

In this chapter, we’ll cover how trial balances are prepared & their role in the preparation of financial statements..

Accounting financial statements

Preparing Financial Statements

A continuation of the concept of trial balances, we will dive into how accounting systems like balance sheets & income statements are prepared..

Dissecting the income statement

Income Statements - Items

This chapter covers the general overview of income statements, their components & how they’re prepared..

Accounting balance sheet

Balance Sheet - Items

The 10th module talks about the balance sheet, its significance & its major components..

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