Practical Accounting for B.Com/BBA – Level 1

Build a solid base in Accounting with Practical Accounting for B.Com / BBA - Level 1 from SoundBasics.

Course Description

The "Practical Accounting for B.Com / BBA - Level 1" course aims to equip aspiring accountants with a good grasp of Key Accounting concepts and the Accounting process up the preparation of the Trial Balance. The course helps the students to imbibe very sound conceptual understanding of the topics covered. The unique practical drills offered in the programme enhance the students’ learning by using simulations of the steps involved in the accounting process. As the course progresses the students are introduced to real documents of the industry so that they can apply what they learn, thus making them industry ready. The course is aimed at building a solid base in Accounting for students, with a clear focus on equipping them with strong fundamentals and a clear understanding of the accounting steps involved in transaction pr... Read More »

The “Practical Accounting for B.Com / BBA – Level 1” course aims to equip aspiring accountants with a good grasp of Key Accounting concepts and the Accounting process up the preparation of the Trial Balance.

The course helps the students to imbibe very sound conceptual understanding of the topics covered. The unique practical drills offered in the programme enhance the students’ learning by using simulations of the steps involved in the accounting process.

As the course progresses the students are introduced to real documents of the industry so that they can apply what they learn, thus making them industry ready.

The course is aimed at building a solid base in Accounting for students, with a clear focus on equipping them with strong fundamentals and a clear understanding of the accounting steps involved in transaction processing.

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Course Details:

Target Audience

This course is ideal for Graduate (B.COM/BBA/BBM) Students or Commerce Students of Grades 11 & 12.
Certificate Info:

Type of Certification

Certificate of Completion

Format of Certification

Digital

Method of Obtaining Certification

When a learner completes the courses he will automatically be taken to a 'request for certificate' page. The learner will receive a 'Course Completion Certificate' once he/she completes the course.

Course Outline

  • Introduction to the Accounting System
  • Key features of a Sole Proprietorship, Partnership & a Company form of organization
  • Forms of Business Activities
  • Basic Accounting Concepts
  • Introduction to the Accounting Equation
  • Components of the Accounting Equation
  • Understanding how the Balance Sheet represents the Accounting Equation
  • Understanding the Equity Component of the Accounting Equation
  • Introduction to Grouping
  • Grouping of the Balance Sheet Accounts
  • Grouping of the P&L Statement Accounts
  • Introduction to Journal Entries
  • Recording Journal Entries
  • Recording Journal Entries based on the Accrual Concept
  • Recording Journal Entries based on ‘Real –life’ documents
  • Journey of an account from an entry to the Trial Balance
  • Posting journal entries to the ledger accounts
  • Preparation of the Trial Balance
  • Accounting Concepts
  • Accounting Conventions
  • Types of Errors
  • Errors disclosed and not disclosed by the Trial Balance
  • Suspense Account

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