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Introduction to Cash Accounting - Revised

Learn the practices and procedures of cash flow accounting and accrual basis accounting, with this free online course.

Accounting
Free Course
Cash accounting is a very important basic accounting concept and anybody who works with accounts needs to have a thorough knowledge and understanding of it. This course will teach you how to properly and efficiently manage revenue and expenditure, track outgoings and incomings of a business or organization, record receipts during the period they are received, and the expenses in the period in which they are actually paid.
  • Duration

    1-2 Hours
  • Assessment

    Yes
  • Certification

    Yes
  • Responsive

    Yes
  • Publisher

    Khan Academy

Description

Outcome

Certification

View course modules

Description

Cash accounting is an accounting method whereby revenues and expenses are recorded when cash is already received and paid, respectively. This course will introduce you to cash accounting and teach you its practices and procedures. You will then study the accrual basis of accounting. This is the method through which revenues are recognized on income statements when they are earned, rather than when the cash is received.

A balance sheet is a statement of the assets, liabilities, and capital of a business at a particular point in time, while an income statement (also known as profit and loss statement or the statement of revenue and expense) details a company's revenues and expenses during a particular period. This course will discuss the balance sheet and income statement in an easy to follow manner. In addition, you will look into the basic cash flow statement which shows how much cash is generated and used during a given time period.

This accounting course will introduce you to the practices and procedures of how cash accounting is done with income statements, cash flow statements, and balance sheets. You will also learn the relationship that balance sheets have with income statements. By the end of this course, you will have a much better understanding of cash accounting methods, and how cash transactions are managed within businesses. These are essential skills for any accountant, which you can start learning today.

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Learning Outcomes

Having completed this course the learner will be able to:


  • Understand the basics of cash accounting practices and procedures
  • Examine relationship between balance sheets and income statements
  • Learn how reconcile a cash flow statement

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 official Certification, which is a great way to share your achievement with the world. Your Alison Certification 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 Certification 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 Certification is available to purchase through the Alison Shop. For more information on purchasing Alison Certification, please visit our faqs. If you decide not to purchase your Alison Certification, 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 Certification pricing, please visit our Pricing Page.

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