Accounting: Balance Books & Beyond

This course is part of Accounting Operations & Automation Specialization

Instructor: Hurix Digital

Included with

Learn more

3 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

2 hours to complete

Flexible schedule

Learn at your own pace

3 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

Recommended experience

2 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

The accounting equation (Assets = Liabilities + Equity) serves as the fundamental framework governing all financial transactions and equilibrium.
Double-entry bookkeeping provides systematic accuracy by requiring equal and opposite entries for every transaction, ensuring complete records.
Proper account classification within financial statements enables transparent communication of business performance to stakeholders for decisions.
Financial statement integrity depends on consistent application of accounting principles and systematic verification of all account balances.

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

See how employees at top companies are mastering in-demand skills

Learn more about Coursera for Business

logos of Petrobras, TATA, Danone, Capgemini, P&G and L'Oreal

Build your subject-matter expertise

This course is part of the Accounting Operations & Automation Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 3 modules in this course

Did you know that 82% of small business failures stem from poor financial record-keeping and cash flow management? This Short Course was created to help accounting professionals accomplish mastery of fundamental bookkeeping principles that form the backbone of accurate financial reporting.

By completing this course, you'll be able to confidently quote the accounting equation during team meetings, post journal entries with precision, and classify accounts correctly across financial statements - skills you can immediately apply in your role tomorrow. By the end of this course, you will be able to: Recognize the fundamental accounting equation and its components. Apply double-entry principles to record transactions and verify financial balances. Explain the classification of general ledger accounts within financial statements. This course is unique because it bridges foundational theory with hands-on practice using real-world scenarios that mirror actual workplace challenges you'll encounter as an accounting professional. To be successful in this course, you should have a background in basic business concepts and familiarity with financial terminology

Learners will understand and identify the three core components of the accounting equation (Assets = Liabilities + Equity) and recognize how this fundamental principle governs all financial transactions in business.

What's included

3 videos1 reading1 assignment

3 videos Total 16 minutes

Why the Accounting Equation Powers Every Business Decision 3 minutes
Components of the Accounting Equation Explained 7 minutes
Identifying Equation Components in QuickBooks Balance Sheet 7 minutes

1 reading Total 8 minutes

Real-World Application of Accounting Equation Components 8 minutes

1 assignment Total 3 minutes

Accounting Equation Component Recognition Check 3 minutes

Learners will master the systematic method of recording business transactions using double-entry principles, ensuring every transaction maintains accounting equation balance and creates accurate financial records.

What's included

3 videos1 reading2 assignments

3 videos Total 18 minutes

Double-Entry Bookkeeping Prevents Million-Dollar Mistakes 3 minutes
Double-Entry Principles and Debit-Credit Rules Explained 8 minutes
Practicing Double-Entry Transaction Analysis 7 minutes

1 reading Total 11 minutes

Journal Entry Patterns for Common Business Transactions 11 minutes

2 assignments Total 23 minutes

Trial Balance Worksheet Creation and Verification 20 minutes
Double-Entry Principles Application Assessment 3 minutes

Learners will master the systematic organization of general ledger accounts into appropriate financial statement sections, enabling accurate statement preparation and clear communication of business financial position

What's included

3 videos1 reading2 assignments

3 videos Total 19 minutes

How Proper Account Classification Unlocks Business Financing 3 minutes
Financial Statement Structure and Account Organization 8 minutes
Organizing Trial Balance Data into Financial Statement Sections 8 minutes

1 reading Total 10 minutes

Advanced Account Classification for Complex Business Scenarios 10 minutes

2 assignments Total 18 minutes

Financial Statement Classification Mastery Check 3 minutes
Comprehensive Accounting Fundamentals Final Assessment 15 minutes

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.

Instructor

Hurix Digital

Coursera

387 Courses 32,771 learners

Offered by

Coursera

Explore more from Leadership and Management

Coursera
Accounting: Balance Ledgers & Adjust Entries
Course
EDUCBA
Apply Bookkeeping & Accounting for Financial Reporting
Course
Coursera
Double-Entry Bookkeeping: Record & Balance
Course
Corporate Finance Institute
Accounting Fundamentals
Course

Why people choose Coursera for their career

Felipe M.

Learner since 2018

"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."

Jennifer J.

Learner since 2020

"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."

Larry W.

Learner since 2021

"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."

Chaitanya A.

"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

Open new doors with Coursera Plus

Unlimited access to 10,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription

Learn more

Advance your career with an online degree

Earn a degree from world-class universities - 100% online

Explore degrees

Join over 3,400 global companies that choose Coursera for Business

Upskill your employees to excel in the digital economy

Learn more

Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.