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Accountancy | Intermediate | First Year

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Accountancy | Intermediate | First Year

Master the Language of Business Through Accounting

updated on icon Updated on Sep, 2026

language icon Language - English

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Lectures -48

Resources -14

Duration -7.5 hours

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Course Description

The Accountancy Intermediate First Year course introduces students to the fundamental principles and practices of accounting. It covers the accounting process, journal entries, ledger accounts, trial balance, cash book, and preparation of financial statements. The course helps students develop analytical, recording, and reporting skills essential for understanding business transactions and financial management. It serves as a strong foundation for advanced studies in accounting, commerce, finance, and business management.

Goals

  • Understand the basic concepts and principles of accounting.
  • Learn to record business transactions systematically.
  • Prepare journal entries, ledgers, and trial balances.
  • Understand the preparation of financial statements.
  • Develop practical accounting and financial reporting skills.
  • Build a foundation for advanced accounting and finance studies.

Prerequisites

  • Completion of Secondary School (10th Grade or equivalent).
  • Basic numerical and analytical skills.
  • Interest in accounting, commerce, and finance.
  • No prior accounting knowledge is required.
Accountancy | Intermediate | First Year

Curriculum

Check out the detailed breakdown of what’s inside the course

Fundamentals of Book - Keeping and Accounting Principles

22 Lectures
  • play icon Fundamental Principles of Accounting 06:29 06:29
  • play icon Accounting Principles 06:00 06:00
  • play icon Accounting Process 05:56 05:56
  • play icon Basic Concepts in Accounting 08:15 08:15
  • play icon Golden Rules of accounting 01:55 01:55
  • play icon Accounting Cycle 03:24 03:24
  • play icon Need and Importance of Accounting 04:54 04:54
  • play icon Book Keeping and objectives 04:59 04:59
  • play icon Advantages of Book Keeping 05:40 05:40
  • play icon Accounting and Objectives 04:19 04:19
  • play icon Accountancy Accounting Book keeping 01:21 01:21
  • play icon Relationship Between Accountancy, Accounting & Book Keeping 01:41 01:41
  • play icon Difference Between Accounting & Book Keeping 02:21 02:21
  • play icon Users of Accounting Information 03:58 03:58
  • play icon Branches of Accounting 02:05 02:05
  • play icon Transaction 03:19 03:19
  • play icon Capital 01:35 01:35
  • play icon Assets 01:57 01:57
  • play icon Liabilities 01:06 01:06
  • play icon Classification of Accounts 02:04 02:04
  • play icon Eg for classification of accounts 06:16 06:16
  • play icon Basic Assumptions in Accounting 05:13 05:13

Recording of Business Transactions - Journal and Ledger

18 Lectures
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Introduction to Bank Reconciliation Statement

2 Lectures
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Preparation of Bank Reconciliation Statement

1 Lectures
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Trail Balance and Rectification of Errors

1 Lectures
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Introduction to Final Accounts of Sole Trading Concerns

4 Lectures
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Instructor Details

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