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Fundamentals of Accounting - Revised 2017

Learn the basics of accounting principles and how to analyse financial accounts, with this free online course.

Accounting
Free Course
This free online accounting course will guide through the fundamentals of accounting in a clear and step-by-step manner. By the end of the course, you will have a much stronger understanding of the main financial statements used in accounting systems, including the profit and loss account and the balance sheet. The course will also guide you through important accounting terminology and principles. Get started on your next learning journey, today.
  • Duration

    1-2 Hours
  • Assessment

    Yes
  • Certification

    Yes
  • Responsive

    Yes
  • Publisher

    XSIQ

Description

Modules

Outcome

Certification

View course modules

Description

All companies and organizations must ensure that they effectively implement the principles and practices used in modern accounting systems to make sure that proper financial controls are constantly maintained. This free online Fundamentals of Accounting course will help you do just that by guiding you through the main financial statements used in accounting systems - including the profit and loss account and the balance sheet - and the everyday adjustments that have to be made to these statements. 

The course begins by teaching you how to create a profit and loss statement and a balance sheet. It then introduces you to important accounting terminology and accounting principles such as matching, disclosure, consistency, diversity, dependability, verifiability, and conservatism. Next, the course teaches you about important accounting topics such as prepaid and accrued expenses, recording, capital account, closing and posting entries. Finally, you will learn how to create a general journal and ledger. 

This accounting course will be of great interest to business professionals who would like to learn more about the basics of accounting systems and the terminology used within these systems. By the end of the course you will have learned about the importance of prudent financial management, the role it plays in the success or failure of businesses and organizations, and how to conduct important accounting tasks effectively. This will be a great boost for your career.

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Learning Outcomes

Having completed this course you will be able to: - Create a profit and loss statement and a balance sheet. - Explain accounting terminology such as matching, disclosure, consistency, diversity, and many other common accounting terms. - Describe important accounting principles such as prepaid and accrued expenses, recording, capital account, closing and posting entries. - Explain how to create a general journal and ledger.

Certification

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 an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate is:

Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Certificates for completed Certificate courses:

Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping

All Certificates are available to purchase through the Alison Shop. For more information on purchasing Alison Certificates, please visit our FAQs. If you decide not to purchase your Alison Certificate, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certificate pricing, please visit our Pricing Page.

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