Topic: Accounting

Accounting Case Study – Journal Entries

We had started our case study for explaining accounting concepts. You can view the case study introduction at the following link: Accounting Skills – Case Study In this part, we present the journal entries for the transactions at Web Design Inc. We have prepared...

Maintaining Accounting Records

Accounting is the act of sorting and recording information. Accounting procedures can help you manage the huge amount of information that a business can generate. Accounting records sort and categorize financial data into groups of information that are meaningful to...
Rules of Debit and Credit

Rules of Debit and Credit

In the previous lecture, we learned  about how different transactions affect the accounting equation. We will now go more in depth into these transactions and learn about how they affect different accounts, and how to apply the rules of debit and credit in different...

Accounting Skills – Case Study

Let’s assume that David, a web designer, after working for many years with IT companies, has recently started a new web design company to provide website design and other related services to local businesses in his location. The company is named “Web Design Inc.”...
Key Accounting Concepts

Key Accounting Concepts

There are a few important concepts related to business and accounting that form the backbone of the modern accounting and financial reporting system. In this lecture, we will look at some of these concepts and how the accounting system works. The video discusses:...
Introduction to Accounting Skills for Managers

Introduction to Accounting Skills for Managers

Welcome to Finance Train’s online course on Accounting Skills for Managers. You are about to learn one of the most important skills that you need to help you manage your business successfully. As a business owner or manager, you need to understand the basics of...

Minority Investments (Minority Interest)

A minority investment or a minority interest refers to the non-controlling share in a company held by an investor or another company. For example, a private equity firm may have a non-controlling share in a company. The minority investment is usually less than 50% of...

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