Fundamentals of Accounting
ID: 187 | Video: None | Audio: Low | Animation: Low
Equivalent to FETAC: Level 5 | Equivalent to QCF (UK): Level 3
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.
Modules in Fundamentals of Accounting
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.
Serah Macharia - Kenya
2013-05-15 12:05:06
Course Module: Accounting principlesCourse Topic: Accounting Principles: VerifiabilityComment: I'm impressed this is what I've been doing and now i know its Verifiability.
Angelica Valdez - Philippines
2013-05-11 06:05:26
Course Module: Introduction to accountingCourse Topic: The Profit and Loss statementComment: Hi guys I am a new student...
Lillian Barigo - Papua New Guinea
2013-05-07 01:05:30
Course Module: AssessmentCourse Topic: Accounting 1 AssessmentComment: It's a very helpful and very informative course to someone like me that needs to understand very basics of accounting before moving into challanging accounting courses. It's a foundation course for accounting that is made simple , clear and understanable for anyone without any accounting or business backgroung.
Shailesh Singh - India
2013-05-04 07:05:26
Course Module: Balance day adjustments in the general journal and ledgerCourse Topic: Closing and posting entriesComment: Entries are posted from Ledger to Journal
Patrick James - United States of America
2013-05-02 02:05:23
Course Module: Introduction to accountingCourse Topic: The Profit and Loss statement exampleComment: Net profit is the gross profit less other expenses (£4100 - £l4400) = (-£300)