❗The content presented here is sourced directly from Udemy platform. For comprehensive course details, including enrollment information, simply click on the 'Go to class' link on our website.

Updated in [June 30th, 2023]

This 2020-21 Updated Bookkeeping & Accountancy Complete Course provides an overview of the fundamentals and basic concepts of accounting. It covers topics such as book-keeping and accountancy, the procedure to prepare financial statements of a sole proprietor, accounting of partnership firms, non-profit organisations, bill of exchange, and accounting from incomplete records. The course also covers company accounting. Participants will gain a comprehensive understanding of the principles and practices of accounting.

[Applications]
The application of this course can be seen in the day-to-day operations of businesses. After completing this course, students will have a better understanding of the fundamentals and basic concepts of bookkeeping and accountancy. They will be able to prepare financial statements for sole proprietors, partnerships, non-profit organizations, and companies. They will also be able to understand how to do accounting from incomplete records and how to account for bills of exchange. This course will provide students with the necessary skills to be successful in the field of accounting.

[Career Path]
The career path recommended to learners of this course is that of a Bookkeeper or Accountant. Bookkeepers are responsible for maintaining financial records, such as invoices, receipts, and payments. They also prepare financial statements, reconcile accounts, and ensure accuracy in all financial transactions. Accountants, on the other hand, are responsible for analyzing financial data and providing advice to their clients. They also prepare tax returns, audit financial statements, and provide financial advice.

The development trend for bookkeepers and accountants is that they are increasingly being asked to provide more specialized services. This includes providing advice on financial planning, budgeting, and investment strategies. Additionally, they are being asked to provide more comprehensive services, such as helping businesses with their financial planning and forecasting. As technology advances, bookkeepers and accountants are also being asked to use more sophisticated software and tools to help them with their work. This includes using artificial intelligence and machine learning to help them analyze financial data more quickly and accurately.

[Education Path]
The recommended educational path for learners of this course is to pursue a degree in accounting or bookkeeping. This degree typically requires a minimum of two years of study, and can be completed at a college or university. The degree program will cover topics such as financial accounting, auditing, taxation, and financial statement analysis. Students will also learn about the legal and ethical aspects of accounting, as well as the principles of business management.

The development trend of this degree is to focus on the use of technology in accounting. This includes the use of software programs to automate the accounting process, as well as the use of data analytics to identify trends and patterns in financial data. Additionally, the degree program will focus on the use of artificial intelligence and machine learning to improve the accuracy and efficiency of accounting processes. Finally, the degree program will also cover the use of blockchain technology to improve the security and accuracy of financial transactions.