Accounting concepts

• Accounting concepts This free online course covers general accounting concepts and principles, the relationship betwen them. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: General accounting concepts Accounting principles The relationship between concepts and principles

Accounting information

• Accounting information This free online course important topics in accounting information, such as key ratios, cash cylce, trend analysis, benchmarks, and liquidity and quick asset ratios. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: Understanding and using accounting information Key ratios - profitability Key ratios - liquidity Key ratios - efficiency Key ratios - stability The cash cycle Trend analysis Benchmarks Presentation Decline in profit Understanding and using accounting information - example How changes to the numerator and the denominator impacts on the ratio Liquidity ratios Quick asset ratio Efficiency Ratios Long Term Stability Limitations in the Use of Accounting Information Evaluating Accounting Information Owner's Equity

Accounting issues

• Accounting issues This free online course covers important topics in accounting such as current and non-current asset valuation, depreciation, revenue and expense recognition. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: Accounting issues Historical cost and non-current asset valuation Depreciation Revenue and expense recognition Revenue realisation Revenue recognition points 2. Receipt of payment 3. Point of production 4. Degree of contract completion Essential elements of revenue recognition Case studies

Balance day adjustments

• Balance day adjustments This free online course covers topics in balance day adjustments, such as the accounting period, accrued expenses and revenue, cost of the asset, asset register and accounting timelines. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: Balance day adjustments The accounting period Recording prepaid and accrued revenue and expenses in the general journal and ledger Accrued expenses Accrued revenue Prepaid revenue Depreciation Cost of the asset Life of the asset and the residual value Nature of use Case study - Depreciation Asset register Accounting time lines The accounting equation The Accounting Equation Bad and Doubtful Debts Case Study 1 – Depreciation

Budgeting

• Budgeting This free online course covers important topics in the area of budgeting, such as debtors ageing analysis, and cash variance analysis. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: Budgeting Budgeting requirements Debtors (accounts receiveable) ageing analysis Information debtors (accounts receivable) ageing analysis provides What strategies can a business employ to improve debt collection? A budgeting problem - Fun Run Enterprises Annual sales - Fun Run Enterprises Cash variance analysis A task on variance analysis Variance reports

Control for debtors and creditors

• Control for debtors and creditors This free online course covers topics in the are of control for debtors and creditors, such as subsidiary ledgers, bad debts, the credit note, and sales returns. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: Control for Debtors and Creditors Subsidiary ledgers Likely errors Bad debts Source documents Credit note Sales returns - in the general journal Credit note accounting equation

Historical cash flow statement

• Historical cash flow statement This free online course covers topics related to historical cash flow statement, such as reporting historical cash flow statement, and examples of cash flow items. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: Reporting - historical cash flow statement Examples of cash flow items Reporting - historical cash flow statement table Case Study – Cash Flow Statements

Profit and loss statements

• Profit and loss statements This free online course covers topics in the area of reporting profits and loss, including a short case study. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: Reporting - profit and loss statements Case study - departmental profit and loss statement Arbitrary allocation of expenses Reporting - profit and loss statements - classification Case study - Cash versus profit Case study 1 - departmental profit and loss statement Direct expenses Classification

Risk in small business

• Risk in small business This course topics associated with risk in small business such as competition, expertise, suppliers, access to finance, people managment, and dealing with technological change. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: Risk in small business 2. Degree of competition 3. The nature of the product 4. The degree of expertise involved 5. Does the firm provide goods or services? 6. Cash or credit? 7. Suppliers 8. Access to finance 9. Coping with technological change 10. People management 11. Exposure to external events 12. Cash versus profit

Stock recording and valuation

• Stock recording and valuation This course covers topics in accounting such as stock recording, valuation, and control, and perpetual stock recording. The Contents tab displays all the lessons and topics of the course. Each time you click the Contents tab, you will come to this page. A green tick indicates those lessons and topics you have completed, so you can easily see your progress. Topics in this module: Stock - recording and valuation A stock control problem Perpetual stock recording Applcation of NRV Rule Distinguishing between FIFO and identified cost Case study - perpetual stock

Assessment

• Assessment Topics in this module: Financial Accounting

Forum

• Welcome to the forum for Financial Accounting. In this forum you can do the following: 1) Reply to a thread/comment by clicking on the thread of interest to you 2) Create a new discussion To find out how to use our forums click here.