Basic Accounting

Basic Accounting Courses | Master Accounting Fundamentals

Learn the fundamentals of accounting with our Basic Accounting Course! Master bookkeeping, financial statements, and essential accounting concepts.

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Upgrade your skills and be competent for the on demand jobs with this Basic Accounting Course

Syllabus - Modules of Basic Accounting course

Detailed Syllabus

Introduction to Accounting

Key Accounting Terminologies | Understanding Accounting: Event and Transaction | Bookkeeping vs. Accounting | Role of Stakeholders in Business | Important Business Terminologies

Types of Business Entities

Sole Proprietorship | Partnership | Company | Formalities and Procedures for Establishing Each Entity

Accounting Principles and Concepts

Classification and Rules of Accounts

Account Definition | Classification of Accounts: Assets, Liabilities, Equity, Revenue, and Expenses | Debit and Credit: Traditional and Modern Rules

Journal and Ledger

Understanding the Journal: Purpose and Preparation | Ledger: Posting and Balancing | Trial Balance: Purpose and Preparation

Cash Book and its Types

Types of Cash Books: Simple, Two-column, Three-column | Understanding Discounts in Cash Book | Day Book Preparation Using Google Sheets

Depreciation and Its Impact

Definition of Depreciation and Its Causes | The Necessity of Charging Depreciation | Factors Considered for Depreciation Calculation | Methods of Depreciation (Straight-line, Diminishing Balance, etc.) | Provisions and Reserves

Trial Balance Preparation

Importance of Trial Balance | Steps for Preparing a Trial Balance

Trading and Profit & Loss Account

Trading Account: Definition and Preparation | Profit and Loss Account: Definition and Preparation

Year-End Adjustments

Adjustments in Final Accounts | Handling Prepaid and Outstanding Expenses | Treatment of Depreciation, Provisions, and Reserves

Balance Sheet Preparation

Structure and Format of a Balance Sheet | Preparation of Financial Statements Using Excel

Accounting Documents

Key Accounting Documents and Vouchers | Purpose of Accounting Documents | Filing and Storing Documents: Best Practices

Industrial-Oriented Journal Entry Practice

Practical Journal Entry Practice Using JET Simulation

What Makes This Course Different from Other Courses in Kerala?

Through practical exercises and real-world examples, you will develop the ability to record transactions, prepare financial reports, and understand business finances effectively. Whether you’re pursuing a career in accounting or managing your own business finances, this course provides the fundamental knowledge you need.

Basic Accounting Course Benefits

Gain a solid foundation in accounting with our Basic Accounting Course, designed for beginners, students, and professionals looking to build essential financial skills. This course covers key accounting principles, bookkeeping, financial statements, journal entries, ledgers, trial balances, and basic financial analysis.

Course Highlights

Why Choose Basic Accounting?

Introduction to accounting concepts and principles
Hands-on training in bookkeeping and journal entries
Understanding balance sheets, income statements, and cash flow statements
Real-world case studies and practical exercises
Certification upon course completion

Who Should Enroll?

Students & Graduates – Build a strong foundation in accounting for career growth in finance.
Aspiring Accountants & Finance Professionals – Learn essential bookkeeping and financial reporting skills.
Small Business Owners & Entrepreneurs – Understand business finances and manage accounts effectively.
Freelancers & Self-Employed Professionals – Keep accurate financial records and handle transactions efficiently.
Working Professionals – Upgrade your accounting knowledge to enhance career opportunities.
Anyone New to Accounting – Develop fundamental skills to confidently manage financial data.

Career Opportunities

What’s Next?

Accounts Assistant – Support accounting operations by managing financial records and transactions.
Bookkeeper – Maintain accurate records of business transactions, invoices, and financial reports.
Finance Executive – Assist in financial planning, budgeting, and reporting for businesses.
Payroll Assistant – Handle salary processing, deductions, and tax calculations.
Tax Assistant – Assist in tax return preparation, GST filing, and compliance management.
Small Business Accountant – Manage financial records and accounts for small businesses.
Entrepreneur – Understand and manage business finances effectively.
Accounts Receivable/Payable Clerk – Handle invoicing, payments, and vendor management.
Banking & Financial Services Executive – Work in banking operations, loan processing, and financial advisory roles.

What our students say

Frequently Asked Questions on Basic Accounting

What is the "Golden Rule" taught in basic accounting?

The foundation of all accounting rests on the Golden Rules of Accounting, which dictate how transactions are categorized:

Real Accounts: Debit what comes in, credit what goes out.
Personal Accounts: Debit the receiver, credit the giver.
Nominal Accounts: Debit all expenses and losses, credit all incomes and gains.

What is the difference between Bookkeeping and Accounting?

Bookkeeping is the administrative task of recording daily financial transactions (sales, purchases, payments).
Accounting is the higher-level process of analyzing, interpreting, and summarizing that data into financial reports to help make business decisions.

Do I need to be a math expert to study basic accounting?

No. While a comfort with numbers is helpful, modern accounting is more about logic and organization than complex math. You mostly need basic arithmetic (addition, subtraction, multiplication, and division). The “heavy lifting” of calculations is now handled by software like Tally Prime, Zoho Books, or Excel.

What are the three primary financial statements I will learn to create?

A basic course will teach you to prepare and read:

Income Statement (Profit & Loss): Shows if the business made money or lost money over a specific period.
Balance Sheet: A “snapshot” of what the business owns (assets) and owes (liabilities) at a specific moment.
Cash Flow Statement: Tracks the actual movement of cash in and out of the business.

Will I learn about GST and Taxation in a basic course?

Most updated 2026 courses include an introduction to statutory compliance. In India, this usually means learning the basics of GST (Goods and Services Tax), including how to calculate input tax credit and generate GST-compliant invoices.