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Free Accounting Courses
Accounting is the method to accumulate the data and report the financial information. It gives information about the performance, cash being utilized for the business, and financial positions. To learn Accounting, enroll in Great Learning Academy’s free Accounting courses, which will help you understand its concepts better. You can also earn free Accounting certificates on completing the programs.
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Learn Accounting For Free & Get Completion Certificates
Accounting is known as the primary business language. It can be used to infer the investments, financial transactions, and their results. It is a comprehensive system that collects financial information, analyzes it, and communicates its information. Learning Accounting will help the aspirants who plan on pursuing financial Accounting education or business management. Learners who are mathematics admirers will find Accounting very interesting.
To keep the financial records and reports, you will require to know Accounting. It is not easy to handle the statements and information of large transactions happening in an organization. This is where Accounting comes into the picture. Accounting helps you keep a record of all the financial information and prepare reports on them. This helps widely in business management. There are specific standards an Accountant follows while maintaining the financial transaction information of an organization.
The primary objectives of Accounting are:
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It helps in keeping systematic records of financial transactions. It helps to collect the data related to transactions and holds a record of it. This allows the accountant to derive valuable insights from financial statements.
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Accounting plays a significant role in defining the profit and loss rate of an organization. With the help of these records, one can quickly determine the profit and loss range.
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The sheet maintained regarding all the transactions, financial statements, and reports can note their business's position in the financial world. A balance sheet helps you get detailed information regarding the class and value of assets, the capital position of the firm, and the nature and weight of the liability. These factors allow you to derive the soundness of business entities.
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Through all the reports of the financial statements, you can make wise decisions regarding finance. You can infer the reports regarding previous transactions, which will help you invest your money in the right way. Hence, Accounting assists you in decision-making.
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Accounting allows you to fulfill compliance with the law. There are many organizations, companies, trusts, and more that run on different legislative acts. They have to follow specific taxation laws. Hence, each of them has to maintain certain accounts and records regarding their properties and work. This helps them in leading a business in compliance with the law.
There are specific Accounting cycles that need to be followed to run the finance department smoothly. The length of these cycles may vary. An Accounting cycle can be monthly, quarterly, half-yearly, or annually, which differs from business to business. But the process to be followed is the same.
Steps followed in the Accounting process are:
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Collecting and Analyzing the Document
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Posting in Journal
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Maintaining Ledger Account
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Trial Balance
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Adjustments of the Entries
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Adjusted Trial Balance
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Preparing Financial Statements
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Post-closing Entries
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Post-closing Trial Balance
The fundamental concepts of Accounting are:
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Business Entity Concept : This concept defines the business and its owner as two different entities.
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Money Measurement Concept: This concept is all about maintaining the accounting records, where only those transactions are recorded, which can be measured based on monetary terms.
To understand more fundamental concepts of Accounting, enroll in Great Learning Academy’s free Accounting courses and earn free Accounting certificates. Here, you can find Accounting courses from beginner to advanced level. Enroll in these courses and learn Accounting conveniently.
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Frequently Asked Questions
Frequently Asked Questions
What do you learn in an Accounting course?
In Accounting courses, you can learn about credit and debit, financial statements, taxation, budgeting, reporting and managing of accounts, and many more. You will also learn all the fundamental concepts of Accounting in the courses.
What qualifications do you need to be an Accountant?
To become an Accountant, one must be excellent at math, follow extreme organization, and know about the data and records that derive the reporting cycles. Having an investigative mindset will help you handle issues regarding numbers. You must also have a good knowledge of technology to keep the records intact. Along with all these skills, if you have an Associate’s or Bachelor’s degree, or if you have done a Master's degree in Accounting, it will help you grab the best Accounting job opportunities.
Can I teach myself Accounting?
Yes, you can learn Accounting basics by yourself. But if you are aiming to pursue Accounting as your career, then you need to have a degree in Accounting to become an Accountant. Learning fundamentals can be done by self-studying, but you must also have the practical knowledge to become a professional.
Is Accounting hard to learn?
Accounting is a challenging course. It carries a lot of terms regarding finance, mathematics, business, and so on. Thus, it is a bit hard to ace it. If you are a pro at mathematics, then learning Accounting will be easier.
Is Accounting a good job for the future?
Accounting is not a dying field, but yes with the constant growth and change in the technologies, you may have to cope with them. Accounting is a promising career as every industry sector has to look after financial transactions and records.
What is better, Finance or Accounting?
Accounting keeps track of the day-to-day flow of money in and out of an organization, whereas Finance looks at it in broader terms. An Accounting degree holder will have comparatively more career options under Accounting. A Finance certificate holder will have to pursue a career that revolves around financial services and consultancy.
Will I get a certificate after completing these free accounting courses?
Yes, you will get a certificate of completion for accounting courses after completing all the modules and cracking the assessment. The assessment tests your knowledge of the subject and badges your skills.
How much do these accounting courses cost?
It is the entirely free courses list from Great Learning Academy. Anyone interested in learning the basics of accounting can get started with these courses.
Is there any limit on how many times I can take these free courses?
Once you enroll in the accounting courses, 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 these accounting courses?
Great Learning Academy provides these accounting courses for free online. The courses are self-paced and help you understand various topics that fall under the subject with solved problems and demonstrated examples. The courses are carefully designed, keeping in mind to cater to both beginners and professionals, and are 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 these accounting courses?
Enrolling in any of the Great Learning Academy’s courses is just a one step process. Sign-up for the courses, you are interested in learning through your E-mail ID and start learning them for free online.
Will I have lifetime access to these free accounting courses?
Yes, once you enroll in the courses, you will have lifetime access, where you can log in and learn whenever you want to.
