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Introduction to Business Accounting
Learn the basics of business accounting with this free online business accounting course.
Description
This course, Introduction to Business Accounting, will provide you with an understanding of the basics of business accounting. You will begin with an introduction to professional bookkeeping, covering the basics of bookkeeping professionally. You will be able to define a business, understand ethics in accounting, and discuss generally accepted accounting principles. You will also learn about the accounting equation, transactions, and financial statements.
This course then explains the process for analyzing transactions. You will learn about the double-entry system and journalizing transactions. You will also learn about entering information, including posting entries, the trial balance, and finding errors using horizontal analysis.
This course then wraps up explaining the adjustment process, adjusting entries, and the adjustment summary. You will learn how to prepare a worksheet and build financial statements. By taking this course you will learn the ins and outs of the accounting cycle with illustrated examples, the fiscal year, and finally, wrap up with a spreadsheet exercise where you will learn to create a worksheet. So why wait? Start the Introduction to Business Accounting course and learn the skills to become a successful business accountant today.
Start Course NowModules
Professional Bookkeeper Introduction
Introduction to Accounting and Business
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Topic A - Defining a Business
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Topic B - Ethics in Accounting
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Topic C - Generally Accepted Accounting Principles (GAAP)
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Review Quiz
The Accounting Equation
Analyzing Transactions
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Topic A - The Accounting Equation and Transactions
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Topic B - Double-Entry System
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Topic C - Transactions - Journalizing
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Topic C - Demo 1 - Journal Entries
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Review Quiz
Entering Information - Posting Entries
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Topic A - Posting Entries
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Topic B - The Trial Balance
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Topic C - Finding Errors Using Horizontal Analysis
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Topic C - Demo 1 - Horizontal Trend: Balance Sheet
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Topic C - Demo 2 - Horizontal Trend: Income Statement
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Review Quiz
Adjusting Process
Adjusting Entries
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Topic A - Adjusting Entries - Prepaid Expenses
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Topic B - Adjusting Entries - Accrued Revenues
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Topic C - Adjusting Entries - Depreciation Expense
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Review Quiz
Adjustment Summary
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Topic A - Adjustment Summary - Review
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Topic B - Vertical Analysis
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Topic B - Demo 1 - Vertical Analysis
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Review Quiz
Preparing a Worksheet
Financial Statements
Completing the Accounting Cycle
The Accounting Cycle Illustrated
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Topic A - Accounting Cycle Illustrated – Steps 1-5
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Topic B - Accounting Cycle Illustrated – Steps 6-10
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Review Quiz
Fiscal Year
Spreadsheet Exercise
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Topic A - Spreadsheet Exercise – Steps 1-4
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Topic B - Spreadsheet Exercise – Steps 5-7
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Topic B - Demo 1 - Creating a Worksheet
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Review Quiz
Course assessment
Learning Outcomes
Having completed this course, you will be able to:
- Discuss the process of analyzing transactions
- Summarise the adjusting process
- Explain the process for adjusting entries
- Outline the process for preparing a worksheet
- Recognize the steps in the accounting cycle
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.
