Introduction to Accounting Standards and Principles

Name: Introduction to Accounting Standards and Principles
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Free online course on accounting standards, accounting principles, profit and loss accounts, and balance sheets.

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Learning Outcomes

On successful completion of this course you will be able to:

Define accounting principles, concepts and standards
Identify the different important accounting concepts
List the six accounting conventions
Discuss the evolution of accounting
Describe the influence Kautilya Arthshastra had on accounting
Explain why it is important to have at least two years worth of data for the company before creating a Profit and Loss account
Explain what is meant by a Minimum Alternate Tax
Identify the formula for calculating profit and loss
Analyze and interpret a financial statement in order to create a profit and loss account
Define Appropriation of Profit in accounting

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