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Accounting Concepts

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

4.44
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Beginner

Level

1.5 Hrs

Learning hours

17.6K+
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Accounting Concepts

1.5 Learning Hours . Beginner

Enrol free with email

Skills you will learn

Accounting Concepts
Functions of Accounting
Difference Between Book Keeping and Accounting
Golden Rules of Accounting

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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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

Earn a certificate of completion

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Get free course content

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Learn at your own pace

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Master in-demand skills & tools

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Test your skills with quizzes

Accounting Concepts

1.5 Learning Hours . Beginner

Enrol free with email
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Trusted by 10 Million+ Learners globally

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Learner reviews of the free Management course

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Reviewer Profile
Riyaz Sayyed

5.0

★★★★ ★
Good for Entry-Level Accounting and the Topics are On Point for Understanding
The course was informative and easy to follow. I enjoyed the practical exercises. The instructor was knowledgeable and helpful.
Reviewer Profile
Susan Nabbanja

5.0

★★★★ ★
The Learning was About Basic Accounting and was Educative for the Learners
The content provided for different accounting concepts was clear and easy to understand.
Reviewer Profile
Durga bharathi Cheruku

5.0

★★★★ ★
Basics of Accounting and Concepts of Accounting
I learned more about basic concepts of accounting and fundamentals of accounting.
Reviewer Profile
Krishna Darshini

5.0

★★★★ ★
The Topic is Well Taught by the Instructor and it was Detailed
The topic is taught in detail and it was very easy to understand.
Reviewer Profile
Shah Nawaz

5.0

★★★★ ★
I am Very Happy to Take this Course
I am very happy to take this course and it was a very good course.

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 enrol 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. 

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