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.


100’s of Accounting Concepts Explained

Learn financial accounting online. Free notes on accounting principles, accounting cycle, ratios and more … Source:

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Financial Accounting Topics by Steven Bragg CPA

Steven Bragg, CPA, is one of the most prolific accounting authors in the world. He holds an MBA from Babson College, a Master of Finance degree from Bentley College, and a BA from the University of Maine. He also manages the Accounting Best Practices podcast. Source: He has written articles on basic accounting concepts:> […]

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What is the difference between accounting and accountancy?

Accounting Vs Accountancy Accounting is the action or process of keeping financial accounts. Accountancy describes the duties of an accountant, the person whose job is to keep, inspect and interpret financial accounts. In relation to business, accountancy is, in effect, the total of all actions taken by a business to: to record financial transactions to […]

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Learn Accounting & Bookkeeping For Free

Free Bookkeeping and Accounting Courses and Tutorials. You don’t have to be a rocket scientist to learn bookkeeping! Source: This Introduction discusses the types of business organizations, types of business activities, users of financial information, bookkeeping systems, accounting rules, and the cash and accrual basis of accounting. Lesson 1 The Bookkeeping Language introduces you […]

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Free Accounting Lessons through Video.

In these Accounting Tutorials, Daniel Dickson teaches the basics of accounting and how to make money by learning accounting. The Accounting Video Lessons are Free. Source: On this website, certified public accountant (CPA) Daniel C. Dickson will teach you the basics of accounting through (8) free online videos – no strings attached. Whether you […]

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What is the meaning of “balance sheet”?

It is known as the ‘balance sheet’ because it is a fundamental accounting truth that the total value of the assets of the business is equal to the total value of the claims that others have over those assets. i.e. the business itself owns nothing and it only has control of assets that are actually […]

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What is accounting?

What is accounting? Accounting is a financial recording and reporting system (see Figure 1). Accounting identifies and classifies financial transactions; it then summarises these financial transactions into financial reports. Financial reports communicate relevant financial information to interested persons called stakeholders. This information allows stakeholders to decide how to best use the economic resources of the […]

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When people do “accounting by hand”, what do they include on the paper?

My read of the expression ‘accounting by hand’ is that it is the description of the way an enterprise’s financial transactions were recorded before the arrival of computerised accounting some 30+ years ago. What people recorded on paper when doing ‘accounting by hand’ was all the financial transactions of the enterprise. Now the initial information […]

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Debits and Credits – Founding principles

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Free accounting courses

Click the following link to access free accounting and bookkeeping courses

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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.