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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.


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Diploma in Accounting - Core Practices and Theory Course
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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 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 719 reviews
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

  • 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
  • Lisa-Marie Prado
    Lisa-Marie 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
  • Gabriel Nsuga Masa
    Gabriel Nsuga Masa Equatorial Guinea its has been really wonderful to let me get more experience in accounting and core pratices 2015-01-01 21:01:53
  • Lisah Ngirishi
    Lisah Ngirishi Zimbabwe helped me a lot to upgrade accounting basics 2014-11-20 09:11:47
  • Hamad Said
    Hamad Said Tanzania The course is much useful and it will help in the preparation of my CPA exam 2014-11-19 07:11:56
  • Samuel Yarkpawolo
    Samuel Yarkpawolo Liberia As a person involved in NGO's works I believe this course will help me to correct some mistakes made in the past. 2014-10-21 15:10:01
  • Setsoafia Dzamesi
    Setsoafia Dzamesi Ghana THIS IS BEST COURSE THAT I ALWAYS LOVE TO ENJOY AND THANK GOD I HAVE FIND THIS SITE. THANKS ALISON. 2014-10-18 17:10:15
  • leon mugarura
    leon mugarura Uganda i would like to learn more accounting principles 2014-10-01 10:10:23
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Free, Online Diploma in Accounting - Core Practices and Theory Course.