Peter Baskerville

Passionate about the 21st century's paradigm shift in education that will deliver eminently affordable education to all via the tools & distribution of the Internet. Currently working on these startups: Industry Professor Association and SkillMaker. Authored this book: FAQ Basic Accounting Concepts. I am a teacher and educational resource developer at Southbank Business School TAFE, QLD Brisbane. Started, managed & sold over 30 'bricks & mortar outlets' in retail and hospitality.


How does a coffee machine work?

My answer to How does a coffee machine work? Answer by Peter Baskerville: If you are talking about espresso coffee machine, then this image below explains best How an Espresso Machine Works. As seen the the diagram: Mains water flows into the espresso coffee machine, usually via a water softener and carbon filter to remove […]

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Explaining the accounting equation

Read Peter Baskerville's answer to Can one help me to explain why the accounting equation should always balance? on Quora

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Letstute Accountancy – YouTube

Let’s Tute is an E-learning platform with a goal to provide quality education by simplifying concepts based on various aspects of Accountancy thereby makin Sourced through from:

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The Accounting concepts part 1

This video is about the accounting concepts, which are very important when preparing the final accounts (including the financial statements – incom Sourced through from:

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8.4. Accounting concepts (lesson 6)

The effect of the sale of goods on the accounting equation (EMS Grade 8). Sourced through from:

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Importance of Accounting

The importance of accounting and its scope has increased, as accountancy has not just remained a skill of keeping records. Deep analysis, compliance, rectification, and lawfulness have become some new integrals of accounting. Sourced through from:

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Accounting University – YouTube

Free course containing videos explaining issues and processes in accounting. Sourced through from: Videos will Teach you How to Read, Understand and Interpret Financial Statements from a teacher who has taught accounting concepts for over 5 years now.

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Why is the bookkeeping abbreviation for debit ‘dr’?

Answer by Peter Baskerville: In the 500+ years of bookkeeping's evolutionary history “Dr” was first used as an abbreviation for the personalised concept of “debtor” but has since morphed over the centuries into the convention of applying it to the abstract concept of "debit". This issue also bothered me greatly when I was first introduced […]

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Accounting, Financial – Why Learn Accounting

Accounting Instruction Help & How To Mission – One stop location for users to find answers to questions about accounting related topics in a format that any … Sourced through from:

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Accounting Basics Part3

Learn accounting basics for your business Sourced through from:

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Work skills training

Skillmaker is committed to making work-place skills training accessible to all via Free online training courses that are built by industry for industry using the tools and platforms of the internet. "Work skills training for all".

Industry Professors Association

Industry Professor Association (INDPA) is an organisation for people who wish to share their extensive industry experience directly with global learners for the mutual benefit of all. Teach what you have learned – profit from what you know. Rewarding Experience.


Nowmaster helps RTOs and qualified training and assessors to develop teaching, learning and assessing resources that align with ASQA's requirements. Drawing on their extensive resource development experience Nowmaster engages directly with members of the Industry Professors Association to ensure current 'best practice' content is reflected in all their resources.