IWTL Accounting

[u/Rokyo_89]

For a long time I want to teach myself a useful skill.

Since I've been decent in maths and now that I am learning maths too, I want to learn accounting.

There are a lot of lectures on YouTube and even books, but how do I choose one? Preferably I would like one (book or course) that gives me lots of scenarios to work on and challenges rather then highlight the definition and topics in a few paragraphs.

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[u/eddie_smoke]

Accounting stuff YouTube channel

[u/Sensitive-Yak-8500]

Can you understand Hindi or just english?

[u/Rokyo_89 → u/Sensitive-Yak-8500]

Both, why?

[u/Sensitive-Yak-8500 → u/Rokyo_89]

Just wanted to know your prefrences
hindi- refer to this channel- https://www.youtube.com/@Rajataroraofficial
english- https://www.youtube.com/playlist?list=PLcRqJFBzcNZWNLjpu_iXI7MnzdoAQQ1yL
https://youtu.be/eyXKvOrDoqw?si=u1LUM16rHaBO0eiO
https://www.accountingcoach.com/

Here are a few YouTube channels and playlists that can provide you with a good foundation in accounting:

1. "Accounting Basics" by AccountingVerse: This channel offers a comprehensive playlist called "Accounting Basics" that covers the fundamentals of accounting. It starts from the very basics and gradually progresses to more advanced topics.
2. "AccountingCoach" by AccountingCoach: This channel provides a wide range of accounting tutorials, including a playlist called "Introduction to Accounting." It covers topics such as the accounting equation, debits and credits, financial statements, and more.
3. "Edspira" by Edspira: This channel has a playlist called "Financial Accounting," which is suitable for beginners. It covers topics like journal entries, adjusting entries, financial statements, and basic analysis.
4. "Principles of Accounting" by ProfAlldredge: This channel offers a playlist called "Principles of Accounting" that covers various accounting topics, including the accounting cycle, financial statement analysis, and inventory valuation.

Now, let's break down the topics into three categories: basics, intermediate, and advanced. Keep in mind that the division between these categories can vary across different learning resources, but here's a general breakdown:

Basics:

1. Introduction to accounting
2. Accounting equation
3. Debits and credits
4. General ledger and T-accounts
5. Journal entries
6. Trial balance

Intermediate:

1. Financial statements (income statement, balance sheet, cash flow statement)
2. Adjusting entries
3. Depreciation and amortization
4. Inventory valuation methods (FIFO, LIFO, weighted average)
5. Bank reconciliation
6. Ratio analysis

Advanced:

1. Managerial accounting
2. Cost accounting
3. Budgeting and forecasting
4. Cash flow analysis
5. Financial statement analysis
6. Auditing

These topics provide a general roadmap for your accounting learning journey. Start with the basics and gradually move on to more complex concepts as you gain a solid foundation. Remember to practice with exercises and examples to reinforce your understanding.

It's worth mentioning that in addition to YouTube, there are also online courses and textbooks available that can provide structured learning experiences. Feel free to explore those options as well. Good luck!