How to learn accounting

Accounting for many centuries plays an important role in society. During this time, a considerable number of interesting discoveries and discoveries have accumulated, which in our days took shape in the principles and rules of accounting. Mastering the technology and all the intricacies of accounting requires, for starters, a diligent study of its fundamentals.

You will need

Federal Law "On Accounting"

Instruction manual

one

Examine the main document, on the basis of which accounting in organizations is conducted. We are talking about the Federal Law "On Accounting" dated November 21, 1996 No. 129-FZ (as amended on September 28, 2010). The law contains the fundamental principles of accounting and is required to study the basics of accounting.

2

Understand for yourself that accounting is a certain way organized system of collecting, fixing and analyzing information about property, liabilities of the organization, as well as their movement, through continuous and continuous accounting of business operations.

3

Use this method of teaching accounting as immersion in the accounting information system. In this case, you form a look at a particular company from the point of view of an accountant. The main element of the accounting structure that you should pay attention to is the balance sheet, which is a kind of “snapshot” of the state of the enterprise on a specific date. The balance sheet is one of the forms of enterprise reporting.

4

Examine the accounting section associated with the Chart of Accounts. You can mechanically learn its contents, but if you become involved in practical accounting, then gradually everything that is required, you will remember without much effort. The most effective way to master the training material is to practice it.

5

Examine the four main types of accounting records that correspond to the types of business transactions. The first type concerns only the asset balance; Only active accounts are involved in such an operation. In the second type of operations, only passive accounts are involved and only the liability balance is affected. In the third type of operations, both the asset and the liability of the balance are simultaneously used, both indicators being increased. The fourth type of operations also affects the asset and liability balance, but leads to their reduction.

6

Learn how to correct erroneous entries used in accounting. Correction of errors largely depends on the type of document in which corrections are necessary. Acceptable methods of adjustment are specified in the Law "On Accounting".

7

Gain practical experience. Keep in mind that self-mastery of knowledge about accounting and skills in maintaining it in a specific production environment can be quite a laborious task. The most acceptable way to understand for yourself the main points of accounting technology is to perform practical operations under the guidance of an experienced accountant. You can also recommend attending various specialized courses at which you will receive not only knowledge, but also answers to practical questions about accounting in a particular organization.

Useful advice

Additional source:

"Accounting: from the beginnings to the present day", Y. V. Sokolov, 1996.

Lecture: What is accounting?