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Fundamentals of Accounting


Fundamentals of Accounting
Fundamentals of Accounting

Learn essential accounting principles and concepts. Analyse financial accounts.


Join 40,462 other students.
Fundamentals of Accounting Course
4 468

Course Description

Using an interactive presentation style, ALISON's accounting course dives into the terminology employed in financial circles, the principles used in basic accounting and the systems put in place to ensure financial control is maintained. The accounting course explores the main financial statements including the profit and loss account, the balance sheet and the everyday adjustments that have to be made. After completing the accounting course, you are expected to be aware of the importance of prudential financial management and the factor it plays in the success or failure of businesses and organizations.

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

Upon completion of ALISON's online accounting course you will know how to create a profit and loss statement and a balance sheet. It will help you when dealing with accounting terminology and important principles such as matching, disclosure, consistency, diversity, dependability, verifiability, conservatism and many other common accounting terms. ALISON's accounting course will help you gain knowledge of prepaid and accrued expenses, recording, capital account, closing and posting entries. You will also learn how to create a general journal and ledger.


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Course Rating (By Learners): 4 stars based on 468 reviews
Course Title: Fundamentals of Accounting
Course #: 187
Course Publisher: XSIQ
Course Category: 2
Content Origin: Australian School Curriculum
Course Description: Using an interactive presentation style, ALISON's accounting course dives into the terminology employed in financial circles, the principles used in basic accounting and the systems put in place to ensure financial control is maintained. The accounting course explores the main financial statements including the profit and loss account, the balance sheet and the everyday adjustments that have to be made. After completing the accounting course, you are expected to be aware of the importance of prudential financial management and the factor it plays in the success or failure of businesses and organizations.
License: Not for download or distribution.
Release Date: 11 February 2013
Content  
Course Duration (Avg Learner): 2-3 Hours
Video/Audio: None
Audio Only: Low
Animation: Low
Assessments: Yes
Education Level
Age appropriateness: 16+ Years
Minimum Grade/Class Level:
Validation: Level 5
ALISON Testing: Yes
Certification Availability
PDF Download: Yes
Parchment: Yes
Framed Certification: Yes

Study for Free at Your Own Pace! Start This Course

  • Denise Pretorius
    Denise Pretorius South Africa Thank you Alison! 2015-07-24 06:07:53
  • Khon Khemra
    Khon Khemra Cambodia It is very useful for those who want to know the basic of Accounting. The basic definition are provided, that's great!!! 2015-07-23 12:07:08
  • Dipti Dabhi
    Dipti Dabhi Australia This guides are very short & simple but still covers most of the important things. 2015-07-21 06:07:18
  • Frederick Ahne
    Frederick Ahne United States of America Very helpful for the novice individual reviewing general accounting theory for future reference. 2015-07-20 22:07:06
  • Crystal Meyers
    Crystal Meyers South Africa I enjoyed learning the basics :-) thank you 2015-07-17 19:07:23
  • Tiffany Buntin
    Tiffany Buntin United States of America The information presented within the Fundamentals of Accounting course was fairly clear and concise. I work in a Business/Accounting office, working with journal entries and general ledgers so I'm fairly familiar with a bit of the content in the course. But, because I don't generate any of the financial position reports, it was great to see how and what information is gathered in order to prepare these reports. I would definitely recommend this course for anyone who needs a little brush-up on the fundamentals and/or needs a better understanding on how financial reports are prepared. 2015-07-13 02:07:10
  • Gabriel Oladipupo Oyedokun
    Gabriel Oladipupo Oyedokun Nigeria This is a very good and nice course for anybody who wish to have Accounting knowledge 2015-06-24 18:06:28
  • Phidliah Juma
    Phidliah Juma Kenya Glad after doing the test my result were good and accepted by the system and try to attempt them for long without success. 2015-06-22 16:06:31
  • Tom Vannithone
    Tom Vannithone United States of America Good basic info regarding accounting principles. 2015-06-10 02:06:57
  • Nikki Presley
    Nikki Presley United States of America Excellent refresher! 2015-05-30 18:05:02
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