Introduction to Accounting Basics

Lesson 1 of 9 • 61 upvotes • 7:39mins

Rakesh Sud

Accounting Basics Course is important since accounting is used by everyone in one form or another. Hence, a good understanding of accounting principles is beneficial to all. It is people skills, not technical knowledge, that are crucial to their success. Although, accounting is often thought of as a discipline of pinpoint exactitude with rigid rules, in practice accountants rely heavily on best estimates and educated guesses that require careful judgment and strong imagination.