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Learn essential accounting principles and concepts. Analyse financial accounts.
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.
Fundamentals of Accounting is originally from Australian School Curriculum and published by XSIQ and has a duration of 2-3 Hours for the average learner.
 Content Type
- Video: None
- Audio: Low
- Animation: Low
- Assessments: Yes
- Course Rating:
 (5/5 10208 )
Certification Availability
- PDF Download: Yes
- Parchment: Yes
- Framed Parchment: Yes
- Type: course
Education Level
- Approximate FETAC Level: Level 5
- Approximate NQF Level (UK): Level 3
- Other: Higher High Secondary School
- Age appropriateness: 16+ Years
- Minimum Grade/Class Level: Higher High Secondary School
Learning Outcome
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. 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.
Related Courses
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 | Fundamentals of Accounting |
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