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Name: Accounting Concepts
Rating: 4.43 (1149 reviews)

Accounting Concepts

4.43 Beginner level 1.5 learning hrs 19.8K+ 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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10,000+ certificates claimed, get yours today!

Get noticed by top recruiters

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Globally recognised

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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

19.8K+ 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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Albert Yeo Boon Leong

5.0

★★★★ ★

Singapore

“The Lessons Are Instructive and Easy to Follow”

Even without prior knowledge and experience in this area, I can still follow the lessons.

shruthi jayarajan

4.0

★★★ ★ ☆

India

“Recording, Classifying, Summarizing Financial Transactions for Reporting”

I like how accounting provides a structured way to track and manage financial transactions. It turns raw data into meaningful insights through principles like double-entry bookkeeping and financial statements, which helps in making informed business decisions.

Unik Raut

5.0

★★★★ ★

India

“The Explanation About Every Topic and Sub-topic Was Brilliant”

The explanation by the teacher was easy to track. Having different short modules for every topic helped me to track my progress and understand in depth about the unknown topics. The notes function was really helpful for writing notes.

Mirkomil

5.0

★★★★ ★

“Comprehensive and Insightful Introduction to Accounting Principles”

The instructor explained complex concepts in a clear and understandable manner, making it easier for students to grasp the material.

NEVIL CHADASANIYA

5.0

★★★★ ★

India

“Understanding the Double-entry Bookkeeping System”

What I enjoy most about learning accounts is the logical structure and clarity it brings to understanding business operations. The systematic nature of accounting makes it easier to track financial performance and identify areas for improvement. I also appreciate how real-world examples, case studies, and practical exercises help solidify theoretical concepts.

Srini De Silva

5.0

★★★★ ★

“Easy to Follow and the Content is Very Clear”

The course materials were well-structured, and each topic was broken down in a way that made complex concepts easy to understand. The practical examples and real-world applications helped to solidify my understanding. The instructor's enthusiasm kept me motivated throughout the entire session, making the learning process enjoyable and enriching. I feel more confident in applying what I've learned, and I'm eager to explore more in this subject!

Needup Pelmo

5.0

★★★★ ★

“Accounting: The Language of Business”

Accounting is an appealing field due to its structured framework that organizes financial information, making it essential for informed business decision-making. It serves as a universal language, facilitating communication across various industries and cultures. The profession offers diverse career opportunities, from public accounting to auditing and taxation, catering to different interests and skills. Additionally, accounting involves critical problem-solving, promoting transparency and trust in financial systems, which positively impacts society.

Daniya Erum

5.0

★★★★ ★

India

“Structured Curriculum and Real-world Applications”

The hands-on experience with accounting software was particularly valuable, allowing me to apply theoretical knowledge in practical scenarios. The instructors were knowledgeable and approachable, fostering an engaging learning environment. Overall, this course not only strengthened my accounting skills but also boosted my confidence in pursuing a career in finance.

Neeraj Pauriyal

5.0

★★★★ ★

India

“The Way the Course Is Designed Is Perfect”

The way this whole topic is explained is amazing and engaging.

Sureshchandra Agarwal

4.0

★★★ ★ ☆

India

“Highlight of My Learning Experience in This Course”

Presented in simple and understandable language with adequate topics and depth of each topic.

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.