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Fundamentals of Accounting


Fundamentals of Accounting

Fundamentals of Accounting

Learn essential accounting principles and concepts. Analyse financial accounts.


Students: 35,929
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.
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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.
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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

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

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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 Post-Secondary
 
Validation Level 5
ALISON Testing Yes
Certification Availability
PDF Download Yes
Parchment Yes
Framed Certification Yes
   
Merchandise Availability Yes
Marketing Information
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Course Forum  View

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  • Vimala Yellapu United States of America Very good refersh course. 2015-02-24 02:02:16
  • Ursula Linda Sardini South Africa I enjoyed the course but it wold have been helpful if more clarification had been provided around meaning of the different terms ie, a definition before the examples. 2015-02-18 10:02:29
  • Ala'a Al-Deen Tawfic Al-Qubati Yemen Actually it was a great course. 2015-02-13 23:02:18
  • Victor Borodin Czech Republic Thank you for this course. It was interesting and useful. 2015-02-12 12:02:55
  • Monique Lewis Jamaica I'm Monique Lewis currently I am a student pursuing a degree in culinary chef management. I am required to commence hospitality account of which I am struggling to grasp I believe this online course will aide in me grasping the fundamental of accounts. "If one choose to say education is too expensive then he should prepare to face a life-time debt of ignorance". 2015-02-06 13:02:37
  • Ginger Towner United States of America Great course 2015-02-05 15:02:30
  • Priscilla V Frimpong Ghana The course was good, but i will suggest the formulas for the various calculations is made clearer, so the novice to accounting will easily catch up. 2015-01-30 12:01:35
  • Eddyson Nghituwamata Namibia A very well balanced fundamental course. 2015-01-26 13:01:00
  • Jason Smith United States of America Very good review and explained terms well. 2015-01-23 16:01:09
  • 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
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Free, Online Fundamentals of Accounting Course.