Accounting Debits and Credits - Accounting Play - Free Course

With PDF Course Book, Finally Learn Your Accounting Debits & Credits

Summary

This course, led by CPA John Gillingham from Accounting Play, is designed to help learners master accounting debits and credits, which are foundational elements of the accounting system. The course aims to provide a thorough understanding of how debits and credits work within the context of the accounting equation and financial statements, including the balance sheet and income statement.

Participants will learn to use debits and credits for journal entries, bookkeeping, and the preparation of financial statements. The course is structured to guide learners step-by-step, utilizing an accompanying PDF course book and optional app resources for enhanced learning.

The curriculum covers the mechanics of debits and credits, focusing on increases and decreases across main accounts, and emphasizes memorizing these fundamentals to classify and enter transactions correctly. This knowledge is crucial as these entries form the basis of financial data used in preparing financial statements. Despite the simplification brought by accounting software, understanding the underlying debit and credit entries remains essential.

Ideal for financial accounting students, bookkeepers, accountants, MBA students, and accounting professionals seeking a deeper understanding, this course provides the technical foundation necessary for effective financial accounting practices. By the end, learners will be adept at navigating the complexities of debits and credits within the accounting framework.

What You’ll Learn

Understand Accounting Debits and Credits
Learn the Accounting Equation
Learn about Financial Accounting

Requirements

Very Basic Accounting Knowledge

Description

Welcome to the course that is all about learning Debits & Credits! I am John Gillingham, CPA, from Accounting Play. I have my own firm, accounting educational apps on iOS & Android, and enjoy teaching. After this course, I want you to:

-Learn accounting debits & credits increases and decreases across the main accounts

-Use debits & credits for journal entries, financial statements, and bookkeeping

-Learn the language of accounting: Accounting Equation, Financial Statements – Such as the Balance Sheet, Income Statement, and more

This stuff is hard, but I am here to guide you step by step using your eBook and recommending innovative optional app resources. Come and join me on this journey with Accounting Play and learn this technical concept once and for all.

About the concept: Debits and credits form the foundation of the accounting system. The mechanics of the system must be memorized. Once understood, you will be able to properly classify and enter transactions. These entries make up the data used to prepare financial statements, such as the balance sheet and income statement. While software has simplified entering daily transactions, debit and credit entries are always recorded in the background.