Basic Accounting

Online Basic Accounting Course — Journal Entries, Ledger, Trial Balance, P&L Account & Balance Sheet Explained

Learn journal entries, ledger, trial balance, P&L & balance sheet online. SkillSpark’s Basic Accounting Course is designed for beginners and freshers. Enroll now.

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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

    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

    Capital and Revenue Transactions | Generally Accepted Accounting Principles (GAAP) | Capital and Revenue Expenditure | Deferred Revenue Expenditure | Capital and Revenue Receipt | Accounting Concepts and Conventions | Double Entry System of Bookkeeping

    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?

    A beginner-friendly 100% online course covering the Golden Rules of Accounting, Journal Entries, Ledger Posting, Trial Balance, and Financial Statements. Build a strong foundation in accounting and gain the practical skills needed to launch a successful career in finance.

    Basic Accounting Course Benefits

    An online basic accounting course is a foundational training programme that introduces the essential principles, concepts, and language of the financial world. Every advanced accounting system — from Tally to SAP — is built on these core Golden Rules of Accounting. SkillSpark’s Online Basic Accounting Course is specifically designed for beginners, giving you a crystal-clear understanding of how financial transactions are identified, recorded, and summarised to reflect the true health of a business.

    The curriculum focuses on the practical logic of the Double-Entry System. You move step by step from understanding Assets, Liabilities, and Equity to mastering Journal Entries, Ledger Posting, and the preparation of a Trial Balance — all taught through real-world business scenarios rather than academic jargon. Whether you are a student from a non-commerce background, a fresher entering the workforce, or a business owner who wants to finally understand your own profit and loss statement, this course gives you the financial literacy needed to succeed in any accounting or finance role.

    Course Highlights

    Why Choose Basic Accounting?

    • Conceptual Clarity: Master the Golden Rules of Accounting (Real, Personal, and Nominal accounts).
    • Double-Entry Bookkeeping: Learn the logic behind every Debit and Credit entry.
    • Financial Cycle Training: Trace a transaction from a Bill to the Final Balance Sheet.
    • Non-Commerce Friendly: Designed specifically for those with zero prior accounting knowledge.
    • Bridge to ERPs: The perfect prerequisite before learning Tally Prime or SAP FICO.
    Who Should Enroll?

    This course is the “Ground Zero” for anyone looking to enter the professional business world.

    • Non-Commerce Students: Science or Arts graduates wanting to switch to a stable corporate career.
    • Entrepreneurs & Startup Owners: To understand their own business accounts and talk confidently to auditors.
    • Freshers: Anyone looking to build a strong base before taking advanced certification courses.
    • Career Returnees: Individuals re-entering the workforce who need a refresher on modern accounting logic.
    • Office Administrators: Who handle basic billing and need to understand the “Why” behind the numbers.
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    Career Opportunities

    What’s Next?

    While a foundational course, it qualifies you for essential entry-level roles and serves as the gateway to specialized positions.

    • Junior Bookkeeper: Maintaining basic daily records for small to medium businesses.
    • Accounts Assistant: Supporting senior accountants in data entry and ledger maintenance.
    • Billing Executive: Managing invoices and receipts with a clear understanding of account heads.
    • Data Entry Operator (Finance): Ensuring financial data is accurately categorized in systems.
    • Office Manager: Overseeing small office finances and petty cash management.

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