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Applied Finance

An extensive guide to Financial Accounting, the course is prepared by our in-house Finance experts. A free-of-cost initiative, we aim to make these resources accessible to all finance enthusiasts.

  • Easy to understand 3-min read

  • Includes real-life examples

Chapters

Financial accounting

Introduction to Financial Accounting

This chapter gives you an overview of accounting, its 3 main branches, how they aid businesses & their decision-making process..

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Accounting conditions

Concepts, Conventions & Conditions

Gain insight into the uniform accounting system - Generally Accepted Accounting Principles (GAAP), different concepts under these principles & their applicability in the real world..

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Accounting rules

Golden Rules of Accounting

This chapter gives you a glimpse into the different kinds of accounts within accounting along with the fundamental rules of accounting aka ‘Golden Rules’ which build the foundation for businesses..

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Transactional analysis

Accounting Equation

Every business transaction has two effects. Deep dive into this concept of the dual aspect of accounting along with examples from real businesses..

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Recording of transactions

Recording of Transactions

Learn how various financial transactions are recorded to maintain the Book of Original Entries..

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Transfer to Ledger

Transfer of Ledger

Gain insight into the concept of ledger entries & how it helps businesses keep track of their transactions..

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Accounting trial balance

Trial Balance

In this chapter, we’ll cover how trial balances are prepared & their role in the preparation of financial statements..

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Accounting financial statements

Preparing Financial Statements

A continuation of the concept of trial balances, we will dive into how accounting systems like balance sheets & income statements are prepared..

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Dissecting the income statement

Income Statements - Items

This chapter covers the general overview of income statements, their components & how they’re prepared..

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Accounting balance sheet

Balance Sheet - Items

The 10th module talks about the balance sheet, its significance & its major components..

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