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In simple words, accounting could be defined as the process of recording, summarizing, analyzing, and reporting financial information pertaining to any business. Although it seems like the brainchild of the contemporary financial setting, the earliest attempts of accounting date back to ancient civilizations. And this very fact highlights the importance and involvement of accounting in human life across centuries. Moreover, the significance or importance of accounting is not just limited to the technicalities of running a business. Its essence permeates through our daytoday lives and composes a variety of ordinary activities, like filling your income tax returns or monitoring transactions. The course helps you beat the struggle by introducing you to some basic terms used in accounting; accounting concepts like dual entry concept, matching concept, and separate entity concept; particulars related to the financial statement balance sheet, income statement, and cash flow statement. Lastly, the course will bring a stepbystep working of an accounting cycle.

00:00:00 Introduction
00:01:48 Agenda
00:02:47 What is Accounting?
00:07:26 Book Keeping
00:10:32 Record KeepingSystem
00:17:57 Tracking Transaction
00:44:00 Accounting Concepts
00:56:10 Accounting Cycle
01:05:11 Summary

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