Practical Accounting Course for Beginners – Bookkeeping & Financial Statements | Interactive Course, 104-Page PDF, Excel Accounting Workbook, Templates & Checklists

Learn accounting from scratch, without the jargon. Practical Accounting: Understanding Bookkeeping and Financial Statements takes you step by step from your very first debit and credit to preparing and understanding an income statement, a balance sheet and a cash flow statement. It assumes no accounting background.

It’s built for small business owners, freelancers, entrepreneurs, students and anyone who wants to understand the numbers behind a business. You learn by doing, and you follow the same example business all the way through. That way you see how each transaction moves from the journal to the ledger, the trial balance and finally the financial statements.

What’s included

• Interactive HTML course:15 modules with lessons, diagrams, worked examples you can expand, common beginner mistakes, exercises, quizzes with instant feedback and a mini-project in each module.
• Searchable, with a clickable table of contents, progress tracking and bookmarks.
• Works offline on computer, tablet and phone, and pages can be printed.
• 8 practice activities:A debit-or-credit drill and an account-sorting activity.
• Journal-entry practice, ledger posting and a trial balance builder.
• A financial statement builder and “find the accounting error” challenges.
• A final case study assessment that is marked automatically.

• 104-page PDF eBook: all 15 modules with diagrams, worked transactions, sample financial statements, exercises and quizzes. It includes the complete case study, a final assessment, an appendix of answers with explanations, a glossary and a clickable table of contents.

• Editable Excel accounting workbook:Chart of accounts and a general journal that checks each entry balances.
• General ledger view for any account, and a cash book with a bank reconciliation.
• Trackers for money owed to you and money you owe, with aging.
• Trial balance with adjustments, plus an income statement, balance sheet and cash flow statement that build themselves.
• Ratio dashboard.
• Comes as an example copy with the case study filled in and a blank template for your own business.

• 6 bonus resources: a bookkeeping checklist, monthly financial review checklist, small business transaction worksheet, accounting terms glossary (149 terms), financial statement interpretation guide and a year-end bookkeeping checklist.

• Source files and instructions: the unbundled HTML, CSS, JavaScript and course data, plus a README and a Quick Start guide.

15 modules

Introduction to Practical Accounting · The Accounting Equation · Chart of Accounts · Debits and Credits · Recording Business Transactions · Journals and General Ledgers · Cash Book and Bank Reconciliation · Accounts Receivable and Payable · Trial Balance and Adjusting Entries · Income Statement · Balance Sheet · Cash Flow Statement · Basic Financial Analysis · Practical Bookkeeping Routines · Complete Accounting Case Study

A complete case study

Follow Bloom & Co., a small flower shop, through its first month. It covers the owner’s investment, cash and credit sales, stock purchases, rent, salaries, customer and supplier payments, equipment, a bank loan, depreciation and other month-end adjustments. All the figures are consistent, the books balance, and the three statements agree with each other.

Good to know

• It explains how IFRS, US GAAP and local rules differ, and that tax rules depend on your country.
• Examples use dollars, but the methods work in any currency.
• This is an educational product. It isn’t a substitute for a qualified accountant or tax professional, and it doesn’t give you a professional certification.
• Excel 2016 or later, Excel for the web or LibreOffice. No macros.
• Instant digital download.