Your Cart is empty. Keep Shopping to find a course!
Browse CoursesMore Learnfly
Business Solution Become an InstructorYour Cart is empty. Keep shopping to find a course!
Browse CoursesAccounting involves systematically recording, analyzing, and interpreting financial transactions. It provides insights into a business's financial health, aiding decision-making, regulatory compliance, and the communication of financial information to stakeholders.
By : Biz Facility
How to best manage a debtors book to maximize Working Capital...
4.6 588
3 lectures All Level
By : Biz Facility
PRACTICAL BASIC BOOKKEEPING...
4.6 537
4 lectures Beginner Level
By : Biz Facility
Financial Statements are vital to understand the management of your business...
4.3 496
5 lectures Beginner Level
By : Urs Ravi I Vedanta Educational Academy
A Compulsion Course for Accounting, Financial, MIS, Data Analysis, Tax Professional, ...
4.1 8637
24:49:34 hrs 275 lectures All Level
By : Daniel Alexandru Petrescu
How much will we have tomorrow...
4.8 8722
1:18:42 hrs 8 lectures Expert Level
By : Daniel Alexandru Petrescu
When your P/L shows something but your bank account disagrees...
4.7 8602
1:4:25 hrs 8 lectures Intermedite Level
By : Accounting is a piece of cake VRN
Income and expenses tracking...
4.6 54052
9 lectures All Level
Learn more topics in various categories at one place. Explore unlimited courses in other categories and up-skill yourself today.
4.2 770721 Beginner Level
4.1 568641 All Level
4.1 346333 All Level
4.2 100791 All Level
4.6 100529 All Level
4.8 100345 All Level
4.9 99616 All Level
4.8 99592 Beginner Level
4.8 99394 All Level
57 Lectures All Level
42 Lectures All Level
16 Lectures All Level
46 Lectures All Level
16 Lectures All Level
32 Lectures All Level
8 Lectures All Level
8 Lectures All Level
8 Lectures All Level
26 Lectures All Level
10 Lectures All Level
16 Lectures All Level
55 Lectures All Level
18 Lectures All Level
39 Lectures All Level
71 Lectures All Level
27 Lectures All Level
81 Lectures All Level
4 Lectures All Level
10 Lectures All Level
3 Lectures All Level
3 Lectures All Level
5 Lectures All Level
14 Lectures All Level
4 Lectures All Level
5 Lectures All Level
27 Lectures All Level
19 Lectures All Level
15 Lectures All Level
19 Lectures All Level
11 Lectures All Level
275 Lectures All Level
8 Lectures All Level
8 Lectures All Level
20 Lectures All Level
8 Lectures All Level
9 Lectures All Level
8 Lectures All Level
10 Lectures All Level
12 Lectures All Level
9 Lectures All Level
9 Lectures All Level
19 Lectures All Level
55 Lectures All Level
14 Lectures All Level
47 Lectures All Level
9 Lectures All Level
10 Lectures All Level
14 Lectures All Level
10 Lectures All Level
18 Lectures All Level
12 Lectures All Level
17 Lectures All Level
12 Lectures All Level
23 Lectures All Level
10 Lectures All Level
5 Lectures All Level
5 Lectures All Level
7 Lectures All Level
7 Lectures All Level
8 Lectures All Level
28 Lectures All Level
8 Lectures All Level
7 Lectures All Level
25 Lectures All Level
34 Lectures All Level
13 Lectures All Level
14 Lectures All Level
Accounting is the process of systematically recording, summarizing, and analyzing financial transactions of a business or organization. It involves preparing financial statements, interpreting financial data, and ensuring compliance with relevant accounting standards.
Accounting is essential for businesses to track their financial performance, make informed decisions, and comply with legal and regulatory requirements. It provides stakeholders, such as investors and creditors, with a clear picture of a company's financial health.
Basic accounting principles include the accrual basis (recording transactions when they occur, not when cash changes hands), the matching principle (matching expenses with revenues), and the principle of conservatism (prudent recognition of losses).
Financial statements are reports that provide a snapshot of a company's financial position and performance. The main statements are the balance sheet (assets, liabilities, equity), income statement (revenues, expenses, profit), and cash flow statement (cash inflows and outflows).
Technology has transformed accounting through the use of accounting software, automation, and cloud computing. These advancements streamline bookkeeping processes, improve accuracy, and provide real-time access to financial data, enhancing efficiency in financial management.