digitalmars.D - Free Accounting Training Course
- rohit joshi (53/53) Jun 15 You can master accounting fund...
You can master accounting fundamentals by taking this Free Accounting Training Course Basic Level in less than 1 hour. I assume that you are visiting this page because you are interested in learning more about accounting. Perhaps you are an engineer, science graduate or from a non-commerce background struggling to grasp this seemingly complicated concept of accounting.I had my fair share of struggles with accounting; those debits & credits I never understood. However, while working at JPMorgan and many other research firms, I was fortunate to develop an intuitive sense of accounting and financial analysis. This story of accounting is for those who are still struggling with this basic concepts. I bet you will learn the core fundamentals of accounting in just 1 hour and without the usage of debits & credits. Accounting, or accountancy, is the measurement, processing and communication of financial information about economic entities. Accounting, which has been called the “language of business”, measures the results of an organization’s economic activities and conveys this information to a variety of users including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms accounting and financial reporting are often used as synonyms. Accounting, or accountancy, is the measurement, processing and communication of financial information about economic entities. Accounting, which has been called the “language of business”, measures the results of an organization’s economic activities and conveys this information to a variety of users including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms accounting and financial reporting are often used as synonyms. Explanation- There are three main aspects that are discussed above – measurement, processing and communication. Measurement involves making judgement about the value of the economic transactions, assets or liabilities. The measurement of this economic information needs to be processed and communicated through various forms of accounting forms. We call these accounting forms as “financial statements” namely the Income Statement, Balance Sheet and Cash Flows The Story of Accounting Accounting can be best internalized through a story of a person starting a new business. Kartik is young dynamic guy, who always wanted to start his own business. Post his graduation in science, he researched the idea of the Transportation and Logistics market. Kartik is not comfortable with matters of accounting because he has a science background and not an accounting one. Kartik’s call’s his business as FastTrack Movers and Packers. Kartik must invest money in the business to kick-start the same. Let’s assume that Kartik puts some of his personal money into it. This implies Kartik is buying shares of Fast Track Logistics Common Stocks. (becomes a shareholder of the firm).For more information on this you can visit our website: http://www.wallstreetmojo.com/free-accounting-training-course-basics/
Jun 15