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Diploma in Accounting - Core Practices and Theory


Diploma in Accounting - Core Practices and Theory

Diploma in Accounting - Core Practices and Theory

Learn more about the core practices and theory in accountancy.


Students: 26,312
Course Description

Good accounting practices and procedures are needed in every business and organisation. Details of their trading transactions need to be accurately recorded so that they know what their financial situation is at any time.
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In this free online Diploma course, students will learn about the core practices involved in recording these details, from understanding debits and credits and using simple T-accounts to closing out the accounts at the end of an accounting period, producing the statement of retained earnings and balance sheet. Detailed examples are worked through on a transaction-by-transaction basis, helping the students understand how and why each step is necessary. Once the student has a basic knowledge of the practice and procedures involved on a daily basis, they are introduced to the more formal theory of accounting, the assumptions, principles and modifying conventions, the FASB conceptual framework and the main objectives of financial reporting. This free online accounting course will be of great interest to entrepreneurs and business professionals who would like to get a thorough introduction to accounting practices and theory, and to any learner who is interested in accounting as a future career.
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Certification

To qualify for your official ALISON Diploma, Certificate or PDF you must study and complete all modules and score 80% or more in each of the course assessments. A link to your Diploma certificate will then appear under the My Certificates heading of your My Account page.

Learning Outcomes

Having studied this course learners will be able to: - Identify and describe the three basic forms of business organizations; - Determine the effects of individual transactions on the financial statements;
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- List and describe the four main financial statements; - Classify and record financial transactions; - List and execute the steps in the accounting cycle; - Work with t-accounts and journals; - Describe how to use adjusting entries; - Describe how to close out a set of accounts using a worksheet; - Describe how to prepare a classified balance sheet; - Identify and discuss the underlying assumptions, major principles and modifying conventions of accounting.
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Module Title
Module 1: Accounting and Its Use in Business Decisions
Module 2: Recording Business Transactions in Accounting
Module 3: Adjustments for Financial Accounting
Module 4: Diploma in Accounting - Core Practices and Theory First Assessment
Module 5: Completing the Accounting Cycle
Module 6: Accounting Theory
Module 7: Diploma in Accounting - Core Practices and Theory Second Assessment
Module 8: Diploma in Accounting - Core Practices and Theory Final Assessment

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Background  
Course Rating (By Learners)
Course Title Diploma in Accounting - Core Practices and Theory
Course # 617
Course Publisher Global Text Project
Course Category 25
Content Origin
Course Description  Good accounting practices and procedures are needed in every business and organisation. Details of their trading transactions need to be accurately recorded so that they know what their financial situation is at any time. In this free online Diploma course, students will learn about the core practices involved in recording these details, from understanding debits and credits and using simple T-accounts to closing out the accounts at the end of an accounting period, producing the statement of retained earnings and balance sheet. Detailed examples are worked through on a transaction-by-transaction basis, helping the students understand how and why each step is necessary. Once the student has a basic knowledge of the practice and procedures involved on a daily basis, they are introduced to the more formal theory of accounting, the assumptions, principles and modifying conventions, the FASB conceptual framework and the main objectives of financial reporting. This free online accounting course will be of great interest to entrepreneurs and business professionals who would like to get a thorough introduction to accounting practices and theory, and to any learner who is interested in accounting as a future career.
License  This course is available from Global Text Project OpenCourseWare through the following Creative Commons licence:
Creative Commons License
Release Date 01 August 2013
   
Content  
Course Duration (Avg Learner) 10-15 Hours
Video/Audio None
Audio Only None
Animation None
Assessments Yes
 
Education Level
Age appropriateness 18+ Years
Minimum Grade/Class Level Higher High Secondary School
 
Validation Level 5
ALISON Testing Yes
Certification Availability
PDF Download No
Parchment Yes
Framed Certification Yes
   
Merchandise Availability
Marketing Information
Case Study
Course Advisor
Course Forum  View

Study for Free at Your Own Pace! Start This Course

  • Lisah Ngirishi Zimbabwe helped me a lot to upgrade accounting basics 2014-11-20 09:11:47
  • Hamad Said Tanzania The course is much useful and it will help in the preparation of my CPA exam 2014-11-19 07:11:56
  • Samuel Yarkpawolo Liberia As a person involved in NGO's works I believe this course will help me to correct some mistakes made in the past. 2014-10-21 15:10:01
  • Setsoafia Dzamesi Ghana THIS IS BEST COURSE THAT I ALWAYS LOVE TO ENJOY AND THANK GOD I HAVE FIND THIS SITE. THANKS ALISON. 2014-10-18 17:10:15
  • leon mugarura Uganda i would like to learn more accounting principles 2014-10-01 10:10:23
  • Daniel Andrew United Kingdom Its very helpful and breaks it down a lot to manageable chucks however a few mistakes 2014-09-11 19:09:33
  • ALVINO SILVESTRE United States of America Very good synopsis for those with Accounting background. 2014-08-25 22:08:47
  • Negedu Friday Nigeria it's a nice course. 2014-08-13 16:08:58
  • Yahya Aboud Tanzania This subject, Core Practices and Theory, is a very sufficient in business activities in the society. 2014-08-11 18:08:49
  • Nancy Cantave United States of America This is a great course. I am now confident to apply for certain accounting positions 2014-07-22 21:07:39
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Free, Online Diploma in Accounting - Core Practices and Theory Course.