Principles Of Accounting:

"Accounting 106 is the 6th course in a series of Accounting Courses that are designed to help the complete beginner, go on to master the basics concepts of accounting and move on step by step to become a professional accountant!

Students can further their knowledge of key accounting concepts which they can use in their full time employment goals or even can use this series to pick up freelance jobs to earn passive income by maintaining/completing book keeping entries for others via freelance websites

The course is not just theory but also takes real lifeexamples and walks you through the accounting process. It is meant for students who would like to grasp the accounting concepts in an easy and fun learning environment.

This is a medium paced course however students can speedup or slow down the videos of the course using the control buttons at the bottom of each video

Course Outline:

In this course we are going to learn about the basic accounting principles of:

• What is Inventory?

• What is the periodic and perpetual methods of inventory valuation

• FIFO (First In First Out Method of Inventory Valuation

• LIFO (Last In First Out Method of Inventory Valuation

• Average Cost Method of Inventory Valuation

• Learn By Practice - We will be solving 6 Questions Together!

• Finding the Ending Inventory

• Finding the Cost of Goods Sold

• Finding the Gross Profit

Having completed the Entire Series students of the properage should be able to take up entry level jobs as book keepers, however students would have to practice these concepts again and again externally so that they can grasp real world applications quickly.