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Diploma in Accounting - Core Practices and Theory


Diploma in Accounting - Core Practices and Theory
Diploma in Accounting - Core Practices and Theory

Learn more about the core practices and theory in accountancy.


Join 53,221 other students.

Course Description

Good accounting practices and procedures are needed in every business and organization. Details of trading transactions need to be accurately recorded so that you know what your financial situation is at any time.

In ALISON's free online accounting diploma course, you will learn about the core practices involved in recording various details, from understanding debits and credits and using simple T-accounts to closing out the accounts at the end of an accounting period, producing the statement of retained earnings and balance sheet. Detailed examples are worked through on a transaction-by-transaction basis, helping you understand how and why each step is necessary.

After reviewing day-to-day accounting procedures, you are introduced to the more formal theory of accounting, the assumptions, principles and modifying conventions, the Financial Accounting Standards Board (FASB) conceptual framework and the main objectives of financial reporting.

ALISON's free online accounting course will be of great interest to entrepreneurs and business professionals who would like to get a thorough introduction to accounting practices and theory, and to any learner who is interested in accounting as a future career.

CERTIFICATION

To qualify for your official ALISON Diploma, Certificate or PDF you must study and complete all modules and score 80% or more in each of the course assessments. A link to purchase your Diploma certificate will then appear under the My Certificates heading of your My Account page.

LEARNING OUTCOMES

Having studied ALISON's Diploma in Accounting Core Practices and Theory course, you will be able to:
- Identify and describe the three basic forms of business organizations;
- Determine the effects of individual transactions on the financial statements;
- List and describe the four main financial statements;
- Classify and record financial transactions;
- List and execute the steps in the accounting cycle;
- Work with t-accounts and journals;
- Describe how to use adjusting entries;
- Describe how to close out a set of accounts using a worksheet;
- Describe how to prepare a classified balance sheet;
- Identify and discuss the underlying assumptions, major principles and modifying conventions of accounting.

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Course Rating (By Learners): 3 stars based on 890 votes
Course Title: Diploma in Accounting - Core Practices and Theory
Course #: 617
Course Publisher: Global Text Project
Course Category: 25
Content Origin:
Course Description: Good accounting practices and procedures are needed in every business and organization. Details of trading transactions need to be accurately recorded so that you know what your financial situation is at any time.

In ALISON's free online accounting diploma course, you will learn about the core practices involved in recording various details, from understanding debits and credits and using simple T-accounts to closing out the accounts at the end of an accounting period, producing the statement of retained earnings and balance sheet. Detailed examples are worked through on a transaction-by-transaction basis, helping you understand how and why each step is necessary.

After reviewing day-to-day accounting procedures, you are introduced to the more formal theory of accounting, the assumptions, principles and modifying conventions, the Financial Accounting Standards Board (FASB) conceptual framework and the main objectives of financial reporting.

ALISON's free online accounting course will be of great interest to entrepreneurs and business professionals who would like to get a thorough introduction to accounting practices and theory, and to any learner who is interested in accounting as a future career.
License: This course is available from Global Text Project OpenCourseWare through the following Creative Commons licence:
Creative Commons License
Release Date: 01 August 2013
Content  
Course Duration (Avg Learner): 10-15 Hours
Video/Audio: None
Audio Only: None
Animation: None
Assessments: Yes
Education Level
Age appropriateness: 18+ Years
Minimum Grade/Class Level:
Validation: Level 5
ALISON Testing: Yes
Certification Availability
PDF Download: No
Parchment: Yes
Framed Certification: Yes

Study for Free at Your Own Pace! Start This Course

  • Anita Rowsey
    Anita Rowsey United States of America I think the course was fantastic ! 2015-11-05 13:11:54
  • chirag panchal
    chirag panchal India The course represents a unique idea of conveying the core principles and practices involved in accounting in a very simple and lucid manner. Immensely satisfied with the course contents 2015-10-22 15:10:45
  • JOSEPH YEO KAI QUAN
    JOSEPH YEO KAI QUAN Singapore Has a certain level of difficulty, it might be difficult for those who come in fresh without any accounting knowledge 2015-10-02 04:10:21
  • Wilfort Saint Hilaire
    Wilfort Saint Hilaire Haiti Hello all, Before, I congratulate the staff alison leader for this initiative. I' m proud to study accounting in alison because, I believe that by the end of the course I'll be able to set the world all the knowledge acquired in alison. Thank you! Wilfort 2015-09-21 18:09:19
  • Suganya Ramu
    Suganya Ramu India This course is useful for all accountants. It is very helpful for beginners. 2015-09-14 17:09:28
  • Alanieta Yabaki
    Alanieta Yabaki Fiji Accounting is a course that is very good in keeping track of what and how the business is going, it keeps tracks if the business has come to a loss or a profit! It finds out what the business has been doing. Its like a business has a diary it writes every small details eg: if a business has a bad debt it writes it down and the date is added and an accountant high lights the bad side of a business . this transaction indicates what and who should we deal with in order to keep our business from falling. It help us make good descision on which company we should do business with. Accounting is a term on how we use money to run our business, it is very helpful because we find out where our money is going. 2015-08-20 15:08:33
  • Michaelyne Luakenu
    Michaelyne Luakenu Australia Its very interesting 2015-07-23 08:07:16
  • Frank Kwesi Ansah
    Frank Kwesi Ansah Ghana Hope this course becomes a friutful one for me to excel to the top and achieve my academic success 2015-05-28 14:05:05
  • Lisamarie Prado
    Lisamarie Prado United States of America I love that Alison offers these courses 2015-03-09 15:03:38
  • Maundrey Wilton Kock
    Maundrey Wilton Kock South Africa Amazing assessment... Scored 90%. yippy!!! 2015-01-22 04:01:38
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Study for Free at Your Own Pace! Start This Course

Free, Online Diploma in Accounting - Core Practices and Theory Course.