Introduction to General Ledger
How does a business record, achieve and maintain profitability? Understanding and an accurate application of accounting principles and practices are the foundation for understanding how business is performing over a period of time. Accounting is a distinct discipline, with its own standards, methods, principles and language. Understanding General Ledger required understanding of basic accounting procedures. Understanding basic accounting procedures requires a prerequisite knowledge of certain accounting principles, concepts and terms. And finally understanding concepts requires understanding of how bookkeeping is done and what are the common accounting records. This section on Fundamentals of General Ledger deals with the basics of both bookkeeping and accounting and aims to help you understand practical accounting activities. Learner will also understand accounting fundamentals and theories of accounting, how to maintain accounting records, what is general ledger and what is the relevance and importance of general ledger. Each topic will also discuss the concepts in the context of automated accounting systems.
This section will be helpful for all individuals who require knowledge of the basics of accounting. This will be a non-negotiable for individuals who want to understand general ledger, who are working on any project involving general ledger or who need to sharpen their functional skills on either accounting or specifically on general ledger.