Double-Entry Accounting Demystified
(81 Reviews)
239 Students
Course Overview
Double-Entry Accounting Demystified is a foundational course designed to simplify one of the most essential concepts in accounting. Whether you’re an aspiring accountant, small business owner, or student, this course breaks down how every financial transaction affects two accounts, helping you understand the logic behind the ledger. You’ll gain a hands-on grasp of assets, liabilities, equity, income, and expenses through real-world examples and interactive exercises.
Key Features
- Beginner-friendly explanations
- Practical, real-world examples
- Visual aids and interactive exercises
- Downloadable templates and charts
- Self-paced learning with lifetime access
- Certificate of Completion
- Mobile and desktop-friendly interface
- Quizzes after each module to test knowledge
Learning Outcomes
By the end of this course, you will:
- Understand the principle of double-entry accounting
- Accurately identify debits and credits in various transactions.
- Record journal entries and post to ledgers
- Prepare trial balances and basic financial statements
- Spot and correct common accounting errors
- Apply accounting logic to real-life business scenarios
Who Should Take This Course
- Business owners and freelancers with no formal accounting training
- Accounting and finance students needing core conceptual clarity
- Bookkeepers and administrative staff
- Anyone preparing for entry-level accounting certifications
- Curious learners looking to understand how business finances work
Assessment
- End-of-module multiple-choice quizzes
- Practice scenarios with journal entries and ledger balances
- Final assignment: Prepare a basic trial balance from raw transaction data
- Optional: Peer-reviewed case study analysis (for deeper practice)
Requirements
- No prior accounting knowledge required
- A basic understanding of business transactions is helpful
- Access to a calculator or spreadsheet software (Excel, Google Sheets)
FAQs
Q: Do I need to be good at math to take this course?
A: Not at all! Basic arithmetic is enough. We’ll guide you through the logic step-by-step.
Q: Is this course suitable for accounting certification prep?
A: Yes, it’s a strong foundation for exams like AAT, ACCA, or CPA, but it’s not a complete prep course by itself.
Q: How long will it take to complete the course?
A: Around 6–8 hours of study time, including quizzes and exercises.
Q: Can I use this knowledge for my small business?
A: Absolutely. The course is built to help small business owners track their finances confidently.
Q: Will I receive a certificate?
A: Yes, upon successful completion of the final assessment.
Additional Section: Certification & Career Boost
After finishing the course, you will receive a verifiable digital certificate you can add to your CV or LinkedIn. This course strengthens your portfolio for bookkeeping, admin, or junior accounting roles and prepares you for more advanced finance courses.
Course Curriculum
Module 1: Introduction to Accounting Basics
What is accounting?
Types of accounting
Why double-entry matters
Module 2: The Double-Entry System Explained
The Accounting Equation
Debits vs. Credits
Rules of Debit and Credit
Module 3: Recording Transactions
Journal entries explained
Using T-accounts
Real-life transaction walkthroughs
Module 4: From Journal to Ledger
Posting to the ledger
Balancing accounts
Preparing a Trial Balance
Module 5: Trial Balance and Adjustments
Creating a trial balance
Identifying and correcting errors
Adjusting entries
Module 6: Simple Financial Statements
Profit & Loss Statement
Balance Sheet
Understanding cash vs. accrual concepts
Module 7: Common Mistakes and Troubleshooting
Reversing wrong entries
Spotting and avoiding common pitfalls
Basic internal controls
Bonus Module: Digital Accounting Tools
Quick look at accounting software
How software applies double-entry principles
Automating Financial Reporting and Compliance with Digital Tools
