Accounting Theory

Free Course
Learn more about the theory and underlying assumptions of accounting.
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This course introduces the body of theory underlying accounting procedures. It puts the core practices and principles, covered in the previous courses, into a framework of theoretical concepts. This free online course will give learners an understanding of the theory behind the accounting process and will help learners make decisions in diverse accounting situations as is provides a logical framework for accounting practice.

This accounting course will be of great interest to entrepreneurs and business professionals who would like to get an understanding of the theory behind the accounting practices that we use day today, and to any learner who is interested in accounting as a future career.

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Learning Outcomes

Having completed this course learners will be able to:

  • Identify and discuss the underlying assumptions or concepts of accounting;
  • Identify and discuss the major principles of accounting;
  • Identify and discuss the modifying conventions (or constraints) of accounting;
  • Describe the conceptual framework project of the Financial Accounting Standards Board;
  • Discuss the nature and content of a company's summary of significant accounting policies in its annual report.


All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire official Certification, which is a great way to share your achievement with the world. Your Alison Certification is:

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Course Reviews

Leigh W.
2 years ago
Leigh W.

A tough one to wrap your head around but informative and usefull.

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