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Name: Accounting Concepts
Rating: 4.43 (1153 reviews)

Accounting Concepts

4.43 Beginner level 1.5 learning hrs 20K+ Learners

Master the principles of Accounting Concepts in the Great Learning accounting courses online for free. Explore the core of accounting, from recording transactions to preparing financial statements, and learn the necessary skills f

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Skills you will gain

Accounting Concepts

Functions of Accounting

Difference Between Book Keeping and Accounting

Golden Rules of Accounting

Key Highlights

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Master in-demand skills & tools

Test your skills with quizzes

About this course

In simple words, accounting could be defined as the process of recording, summarizing, analyzing, and reporting financial information pertaining to any business. Although it seems like the brainchild of the contemporary financial setting, the earliest attempts of accounting date back to ancient civilizations. And this very fact highlights the importance and involvement of accounting in human life across centuries. Moreover, the significance or importance of accounting is not just limited to the technicalities of running a business. Its essence permeates through our day-to-day lives and composes a variety of ordinary activities, like filling your income tax returns or monitoring transactions. The course helps you beat the struggle by introducing you to some basic terms used in accounting; accounting concepts like dual entry concept, matching concept, and separate entity concept; particulars related to the financial statement- balance sheet, income statement, and cash flow statement. Lastly, the course will bring a step-by-step working of an accounting cycle.

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Start learning

10,000+ certificates claimed, get yours today!

Get noticed by top recruiters

Share on professional channels

Globally recognised

Land your dream job

Course outline

Accounting Concepts

This section explains separate entities, going concern, double entry, and matching concepts in accounting with examples.

Introduction To Accounting

Meaning and Definition of Accounting

Difference Between Book Keeping and Accounting

Functions of Accounting

Users of Accounting

Elements of Accounting

Branches / Types of Accounting

Accounting Convention

Golden Rules of Accounting

Get access to the complete curriculum once you enroll in the course

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Accounting Concepts

4.43

1.5 Hours

Beginner

20K+ learners enrolled so far

Get free course content

Master in-demand skills & tools

Test your skills with quizzes

Trusted by 10 Million+ Learners globally

4.6

4.89

4.94

4.7

Learner reviews of the Free Courses

4.43

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68%

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20%

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SINTO

5.0

★★★★ ★

United Arab Emirates

“Accounting Concepts: Fundamental Principles”

These concepts are essential for ensuring consistency, reliability, and comparability in accounting practices.

INDRANIL DUTTA

5.0

★★★★ ★

India

“Excellent Course for Knowledge and Career Growth”

Excellent course for knowledge and career growth, it is very easy to learn.

AJMEERA SHIRISHA

5.0

★★★★ ★

India

“I Really Enjoyed Learning the Accounts Concepts Here”

This was a great experience. I learned a lot of topics and concepts.

Rishabh Goyal

5.0

★★★★ ★

India

“Helpful, Really Good, Would Recommend to Others”

Great learning, it's a great platform. I would also recommend it to my friends.

YASH TRIPATHI

5.0

★★★★ ★

India

“Accounting Concepts Cleared by Great Learning - Amazing Experience”

Today I completed my course on basic accounting concepts with all the basic concepts covered.

om prajapati

5.0

★★★★ ★

India

“The Experience of Learning and Understanding the Concepts”

I'm learning various things about accounting concepts like separate accounts and other topics. I learned something I had never known before.

Soumya K K

5.0

★★★★ ★

“Easy to Follow and Understandable”

The teaching style, combined with the well-structured content, made the learning process engaging and enjoyable.

JORTIN JIMMY

5.0

★★★★ ★

India

“Learning the Basics of Accounting Provides a Solid Foundation”

Overall, learning the basics of accounting provides a solid foundation for understanding how businesses operate financially, enabling informed decision-making and enhancing career prospects in finance and business fields.

ADHITHYAN V S

5.0

★★★★ ★

India

“Appreciation for the Course Experience”

I particularly enjoyed the practical examples shared, which helped bridge the gap between theory and real-world application. Overall, I left the course feeling inspired and equipped with new tools to succeed. Thank you for a fantastic learning experience.

Gopal Prabhakar Gawas

5.0

★★★★ ★

United Arab Emirates

“Clear Understanding of Cash and Accrual Accounting Methods”

The course provides a clear understanding of cash and accrual accounting methods, helping learners grasp their impact on financial reporting and decision-making.

Frequently Asked Questions

Will I receive a certificate upon completing this free course?

Yes, upon successful completion of the course and payment of the certificate fee, you will receive a completion certificate that you can add to your resume.

Is this course free?

Yes, you may enroll in the course and access the course content for free. However, if you wish to obtain a certificate upon completion, a non-refundable fee is applicable.

Will I get a certificate after completing this Accounting Concepts free course?

Yes, you will get a certificate of completion for Accounting Concepts after completing all the modules and cracking the assessment. The assessment tests your knowledge of the subject and badges your skills.

How much does this Accounting Concepts course cost?

It is an entirely free course from Great Learning Academy. anyone interested in learning the basics of Accounting Concepts can get started with this course.

Is there any limit on how many times I can take this free course?

Once you enroll in the Accounting Concepts course, you have lifetime access to it. So, you can log in anytime and learn it for free online.

Can I sign up for multiple courses from Great Learning Academy at the same time?

Yes, you can enroll in as many courses as you want from Great Learning Academy. There is no limit to the number of courses you can enroll in at once, but since the courses offered by Great Learning Academy are free, we suggest you learn one by one to get the best out of the subject.

Why choose Great Learning Academy for this free Accounting Concepts course?

Great Learning Academy provides this Accounting Concepts course for free online. The course is self-paced and helps you understand various topics that fall under the subject with solved problems and demonstrated examples. The course is carefully designed, keeping in mind to cater to both beginners and professionals, and is delivered by subject experts. Great Learning is a global ed-tech platform dedicated to developing competent professionals. Great Learning Academy is an initiative by Great Learning that offers in-demand free online courses to help people advance in their jobs. More than 5 million learners from 140 countries have benefited from Great Learning Academy's free online courses with certificates. It is a one-stop place for all of a learner's goals.

What are the steps to enroll in this Accounting Concepts course?

Enrolling in any of the Great Learning Academy’s courses is just one step process. Sign-up for the course, you are interested in learning through your E-mail ID and start learning them for free online.

Will I have lifetime access to this free Accounting Concepts course?

Yes, once you enroll in the course, you will have lifetime access, where you can log in and learn whenever you want to.