General Accounting - Crash Course

People who have NO knowledge in general accounting and want to be able to understand the first basis and make basic accounting entries.

By the end of this course, you will have a good understanding of how accounting works and the purpose of the year-end closing process, having analysed, in part through practical exercises, the following topics

• The various items and headings in the balance sheet and their relevance to the proper management of the company.
• The different types of accounts and their operating rules (debit/credit)
• The accounting system during the financial year (opening balance sheet, account movements, results, closing balance sheet)
• Accounting documents (journal, balance)
• Principles of annual accounts

• Balance Sheet: headings and utilities basics for studying an accounting system
  • The variousitems and headings of the balance sheet. Their importance for the proper management of the company. Practical exercise carried out in conjunction with a few day to day transactions and their implications on the development of the balance sheet
• Study of an accounting system
  • The various types of accounts in general accounting (balance sheet and profit and loss) and their operating rules (debit/credit) the accounting system in the course of the financial year
    • from the opening balance sheet to the accounts
    • account movements
    • determining the result
    • from the accounts to the final balance sheet
  • Other accounting documents
    • the journal and how to use it for research
    • the balance sheet and how to use it for checking
  • Practical applications of the accounting system
• Principles of year-end entries
  • Objectives of year-end entries
  • depreciation
  • Provisions (provision for depreciation and provision for risks)
  • Adjustment of income and expenses (including accrued but not due interest)
  • The explanations in this chapter are based on numerical examples. The individual exercises are repeated in the summary exercise
• Summary exercise
  • From the opening balance sheet to the closing balance sheet
  • Ten day to day transactions (including year-end entries)