Loading

Get 20% Off ALL Certificates and Diplomas with Alison’s Mid-Year Sale! Hurry, sale ends on Friday, 28th June 2019.

Claim my 20% off

Recording Business Transactions in Accounting

Accounting
Free Course
Learn more about recording business transactions in accounting.
Start Course Now

Description

Outcome

Certification

View course modules

Description

The ability to accurately record business transactions is of vital importance for accounting professionals in any business or organisation. In this free online accounting course you will be introduced to ledger accounts and journals and the rules for recording your transactions in them. You will learn about permanent and real accounts in the Ledgers, what the journal is used for and how the posting to each are referenced.

The accounting cycle is explored along with the eight steps that form the basis for recording business transactions. This course also introduces the six rules of debit and credit along with explanations and examples of each rule. The course then links all these concepts together by demonstrating a series of transaction postings starting with the journals and ending with a trial balance and looking at possible sources of errors in a trial balance. Students then see how this information is used through vertical and horizontal analysis to assist in making business decisions.

This accounting course will be of great interest to entrepreneurs and business professionals who would like to get a thorough introduction to accounting principles, and to any learner who is interested in accounting as a future career.

Start Course Now

Learning Outcomes

Having studied this course learners will be able to:


  • Use the account as the basic classifying and storage unit for accounting information;
  • Express the effects of business transactions in terms of debits and credits to different types of accounts;
  • List the steps in the accounting cycle;
  • Record the effects of business transactions in a journal;
  • Post journal entries to the accounts in the ledger;
  • Prepare a trial balance to test the equality of debits and credits in the journalizing and posting process;
  • Analyze and use the financial results - horizontal and vertical analyses.

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.

Course Reviews

Chena M.
2 years ago
US
Chena M.

This course was easy to follow and gave good detailed examples.

Karen  C.
2 years ago
US
Karen C.

It was a very good course - helped me to review key terms and procedures.

Ethan K.
2 years ago
BS
Ethan K.

its a very challenging course which requires a lot of focus.

Sarbesh S.
2 years ago
IN
Sarbesh S.

Great.. easy to understand...

Oteng O.
2 years ago
BW
Oteng O.

Very good introductory accounting module, it has everything you need to know.

View All Reviews
Notification

You have received a new notification

Click here to view them all