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Accounting Concepts
4.44
Beginner level
1.5 learning hrs
Master the principles of Accounting Concepts in the Great Learning accounting courses online for free. Explore the core of accounting, from recording transactions to preparing financial statements, and learn the necessary skills f
Modules updated 07/2025
About this course
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 day-to-day 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 step-by-step working of an accounting cycle.
Course outline
Accounting Concepts
This section explains separate entities, going concern, double entry, and matching concepts in accounting with examples.
Introduction To Accounting
Meaning and Definition of Accounting
Difference Between Book Keeping and Accounting
Functions of Accounting
Users of Accounting
Elements of Accounting
Branches / Types of Accounting
Accounting Convention
Golden Rules of Accounting
Get access to the complete curriculum once you enroll in the course
4.44
Frequently Asked Questions
Will I receive a certificate upon completing this free course?
Is this course free?
Will I get a certificate after completing this Accounting Concepts free course?
Yes, you will get a certificate of completion for Accounting Concepts after completing all the modules and cracking the assessment. The assessment tests your knowledge of the subject and badges your skills.
How much does this Accounting Concepts course cost?
It is an entirely free course from Great Learning Academy. anyone interested in learning the basics of Accounting Concepts can get started with this course.
Is there any limit on how many times I can take this free course?
Once you enroll in the Accounting Concepts course, you have lifetime access to it. So, you can log in anytime and learn it for free online.
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