Free Accounting Training Course

[rohit joshi via Digitalmars-d]

You can master accounting fundamentals by taking this Free 
Accounting Training Course Basic Level in less than 1  hour. I 
assume that you are visiting this page because you are interested 
in learning more about accounting. Perhaps you are an engineer, 
science graduate or from a non-commerce background struggling to 
grasp this seemingly complicated  concept of accounting.I had my 
fair share of struggles with accounting; those debits & credits I 
never understood. However, while working at JPMorgan and many 
other research firms, I was fortunate to develop an intuitive 
sense of accounting and financial analysis. This story of 
accounting is for those who are still struggling with this basic 
concepts. I bet you will learn the core fundamentals of 
accounting in just 1 hour and without the usage of debits & 
credits. Accounting, or accountancy, is the measurement, 
processing and communication of financial information about 
economic entities. Accounting, which has been called the 
“language of business”, measures the results of an organization’s 
economic activities and conveys this information to a variety of 
users including investors, creditors, management, and regulators. 
Practitioners of accounting are known as accountants. The terms 
accounting and financial reporting are often used as synonyms.
Accounting, or accountancy, is the measurement, processing and 
communication of financial information about economic entities. 
Accounting, which has been called the “language of business”, 
measures the results of an organization’s economic activities and 
conveys this information to a variety of users including 
investors, creditors, management, and regulators. Practitioners 
of accounting are known as accountants. The terms accounting and 
financial reporting are often used as synonyms.

Explanation-
There are three main aspects that are discussed above – 
measurement, processing and communication.
Measurement involves making judgement about the value of the 
economic transactions, assets or liabilities.
The measurement of this economic information needs to be 
processed and communicated through various forms of accounting 
forms.
We call these accounting forms as “financial statements” namely 
the Income Statement, Balance Sheet and Cash Flows

The Story of Accounting
Accounting can be best internalized through a story of a person 
starting a new business. Kartik is young dynamic guy, who always 
wanted to start his own business. Post his graduation in science, 
he researched the idea of the Transportation and Logistics 
market. Kartik is not comfortable with matters of accounting 
because he has a science background and not an accounting one.

Kartik’s call’s his business as FastTrack Movers and Packers. 
Kartik must invest money in the business to kick-start the same. 
Let’s assume that Kartik puts some of his personal money into it. 
This implies Kartik is buying shares of Fast Track Logistics 
Common Stocks. (becomes a shareholder of the firm).For more 
information on this you can visit our website: 
http://www.wallstreetmojo.com/free-accounting-training-course-basics/