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: 33,647
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

  • Luciano Miranda Brazil Very good. Helpful and simple to learn 2014-12-12 01:12:26
  • Muhammad Ikram Khan United Arab Emirates This is a very good course. it clarifies accounting concepts in very easy to understand way. 2014-12-01 14:12:24
  • Portia Enilog Philippines I find it fun and easy to understand and can learn at your own pace. Thank you. 2014-11-27 09:11:39
  • Mohammed Awal Iddrisu Malaysia in my opinion, i never expected such a very advance standard of financial accounting course, i have learn a lot in the short period. I wish i can be tasted in a job assignment. The fundamental was enough for my understanding. 2014-11-23 15:11:24
  • Rose Shine United States of America its is very informative! 2014-11-17 19:11:09
  • Francis Banda Zambia It was a good course especially on the terminologies used in accounting. 2014-11-14 13:11:25
  • Chilunje Zimba Zambia Great introductory course! 2014-11-14 10:11:46
  • Tamara Francis United States of America This course was challenging but fun, 2014-11-11 21:11:54
  • Wesley Tsurumi Papua New Guinea A very thorough and informative course. The assessment questions are clear and concise. Well done 2014-10-12 14:10:36
  • Spencer Mandaza Zimbabwe Quite a refreshing online course 2014-10-07 16:10:33
More Comments and Reviews >>

Study for Free at Your Own Pace! Start This Course

Free, Online Fundamentals of Accounting Course.