Sign-up today to join over 4 million learners already on ALISON:

Fundamentals of Accounting


Fundamentals of Accounting

Fundamentals of Accounting

Learn essential accounting principles and concepts. Analyse financial accounts.


Students: 34,590
Course Description

Using an interactive presentation style, this course delve into the terminology employed in financial circles, the principles used in basic accounting and the systems put in place to ensure financial control is maintained. The course explores the main financial statements including the profit & loss account and the balance sheet and the everyday adjustments that have to be made.
Read More

On completion of the course, the learner is expected to be aware of the importance of prudential financial management and the factor it plays in the success or failure of businesses and organisations.
Read Less

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

Upon completion of this course you will know how to create a profit and loss statement and a balance sheet. It will help you when dealing with accounting terminology and important principles such as matching, disclosure, consistency, diversity, dependability, verifiability, conservatism and many other common accounting terms.
Read More

You will be able to prepare reports successfully. This course will help you gain a good knowledge of prepaid and accrued expenses, recording, capital account, closing and posting entries. You will learn how to create a general journal and ledger.
Read Less


Manage a Group of Learners

Share This Course!

 
Module Title
Introduction to accounting
Accounting terminology
Accounting principles
Accounting systems
Preparation of reports
Balance day adjustments in the general journal and ledger
Assessment

Study for Free at Your Own Pace! Start This Course

Background  
Course Rating (By Learners)
Course Title Fundamentals of Accounting
Course # 187
Course Publisher XSIQ
Course Category 2
Content Origin Australian School Curriculum
Course Description  Using an interactive presentation style, this course delve into the terminology employed in financial circles, the principles used in basic accounting and the systems put in place to ensure financial control is maintained. The course explores the main financial statements including the profit & loss account and the balance sheet and the everyday adjustments that have to be made. On completion of the course, the learner is expected to be aware of the importance of prudential financial management and the factor it plays in the success or failure of businesses and organisations.
License 
Release Date 11 February 2013
   
Content  
Course Duration (Avg Learner) 2-3 Hours
Video/Audio None
Audio Only Low
Animation Low
Assessments Yes
 
Education Level
Age appropriateness 16+ Years
Minimum Grade/Class Level Higher High Secondary School
 
Validation Level 5
ALISON Testing Yes
Certification Availability
PDF Download Yes
Parchment Yes
Framed Certification Yes
   
Merchandise Availability Yes
Marketing Information
Case Study We are currently seeking case studies for this course. Click here to Submit One
Course Advisor We are currently seeking subject experts regarding this course. Click here to become a volunteer subject expert advisor
Course Forum  View

Study for Free at Your Own Pace! Start This Course

  • Jeannemarie May United States of America This Course is exactly what its name refers to. Fundamentals of Accounting is a well prepared course with tons of information arranged in an intuitive way. I will recommend this to anyone who needs basic Accounting information or like me a refresher. Not only the information was exactly to the point the cost is even better; FREE! Thanks! 2015-01-23 00:01:01
  • Carole Laubscher South Africa A good, simply worded explanation of basic accounting, but why is there not interactive practice? 2015-01-22 12:01:04
  • Vibha Gupta India I like this course, it helps to understand basic fundamentals of accounting. 2015-01-21 09:01:47
  • Michael Agba Mauritius worth the time involved in study 2015-01-12 14:01:45
  • Simphiwe Macwili South Africa Informative and a little bit difficult especially for non-accounting person like me but I learned something by going through it. At least no I can differentiate between Cash flow, Balance sheet and other kinds of statements to be made in preparation of accounting reports. 2015-01-10 17:01:41
  • Joseline Ayikoru South Africa Great insight. However needs to be more detailed for beginners mainly. 2015-01-09 14:01:15
  • John Shim United States of America Very informative. 2015-01-05 22:01:24
  • Joshua Okaitey Nettey Ghana This course is very good and interesting, it has really helped me and enlarge my knowledge on Accounting. I love it so much. 2015-01-03 09:01:21
  • janeth lorenzo bastidas Spain very useful! 2014-12-27 21:12:30
  • Helen Mapa Papua New Guinea The course was great gave me a great insight into accounting practices. 2014-12-24 04:12:42
More Comments and Reviews >>

Study for Free at Your Own Pace! Start This Course

Free, Online Fundamentals of Accounting Course.