Description:

FY Bcom-1st Sem Fundamental Of Accounting is a course that introduces students to the fundamental concepts and principles of accounting. The course provides a comprehensive understanding of financial accounting, including topics such as recording transactions, preparation of financial statements, and analysis of financial data.

Key Highlights:

• Introduction to basic accounting concepts
• Understanding the accounting equation and double-entry system
• Recording transactions in journals and ledgers
• Preparation of trial balance, income statement, and balance sheet
• Analysis of financial statements

What you will learn:

• Introduction to basic accounting concepts:
  This module provides an overview of fundamental accounting principles, including the concepts of assets, liabilities, equity, revenue, and expenses.
• Understanding the accounting equation and double-entry system:
  In this module, you will learn how to apply the accounting equation and understand the double-entry system, which helps in maintaining the balance between debits and credits.
• Recording transactions in journals and ledgers:
  This module covers the process of recording business transactions in journals and transferring them to ledgers using the appropriate accounting rules.
• Preparation of trial balance, income statement, and balance sheet:
  Here, you will learn how to compile financial information and prepare essential financial statements like trial balance, income statement, and balance sheet.
• Analysis of financial statements:
  This module focuses on analyzing financial statements to evaluate a company's performance, profitability, liquidity, and solvency.