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Accounting: Balance Books & Beyond

This course is part of Accounting Operations & Automation Specialization

Instructor: Hurix Digital

Included with

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3 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

2 hours to complete

Flexible schedule

Learn at your own pace

3 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

2 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

The accounting equation (Assets = Liabilities + Equity) serves as the fundamental framework governing all financial transactions and equilibrium.
Double-entry bookkeeping provides systematic accuracy by requiring equal and opposite entries for every transaction, ensuring complete records.
Proper account classification within financial statements enables transparent communication of business performance to stakeholders for decisions.
Financial statement integrity depends on consistent application of accounting principles and systematic verification of all account balances.

Skills you'll gain

Details to know

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Add to your LinkedIn profile

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Learn more about Coursera for Business

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Build your subject-matter expertise

This course is part of the Accounting Operations & Automation Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 3 modules in this course

Did you know that 82% of small business failures stem from poor financial record-keeping and cash flow management? This Short Course was created to help accounting professionals accomplish mastery of fundamental bookkeeping principles that form the backbone of accurate financial reporting.

By completing this course, you'll be able to confidently quote the accounting equation during team meetings, post journal entries with precision, and classify accounts correctly across financial statements - skills you can immediately apply in your role tomorrow. By the end of this course, you will be able to: Recognize the fundamental accounting equation and its components. Apply double-entry principles to record transactions and verify financial balances. Explain the classification of general ledger accounts within financial statements. This course is unique because it bridges foundational theory with hands-on practice using real-world scenarios that mirror actual workplace challenges you'll encounter as an accounting professional. To be successful in this course, you should have a background in basic business concepts and familiarity with financial terminology

Module details

Learners will understand and identify the three core components of the accounting equation (Assets = Liabilities + Equity) and recognize how this fundamental principle governs all financial transactions in business.

What's included

3 videos1 reading1 assignment

3 videosTotal 16 minutes

Why the Accounting Equation Powers Every Business Decision3 minutes
Components of the Accounting Equation Explained7 minutes
Identifying Equation Components in QuickBooks Balance Sheet7 minutes

1 readingTotal 8 minutes

Real-World Application of Accounting Equation Components8 minutes

1 assignmentTotal 3 minutes

Accounting Equation Component Recognition Check3 minutes

Learners will master the systematic method of recording business transactions using double-entry principles, ensuring every transaction maintains accounting equation balance and creates accurate financial records.

What's included

3 videos1 reading2 assignments

3 videosTotal 18 minutes

Double-Entry Bookkeeping Prevents Million-Dollar Mistakes3 minutes
Double-Entry Principles and Debit-Credit Rules Explained8 minutes
Practicing Double-Entry Transaction Analysis7 minutes

1 readingTotal 11 minutes

Journal Entry Patterns for Common Business Transactions11 minutes

2 assignmentsTotal 23 minutes

Trial Balance Worksheet Creation and Verification20 minutes
Double-Entry Principles Application Assessment3 minutes

Learners will master the systematic organization of general ledger accounts into appropriate financial statement sections, enabling accurate statement preparation and clear communication of business financial position