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Fundamentals of Accounting Course


Fundamentals of Accounting
Fundamentals of Accounting

Learn essential accounting principles and concepts. Analyse financial accounts.


Join 76,590 other students.

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 purchase 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 649 votes
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

  • Naif Aljuhani
    Naif Aljuhani Saudi Arabia that was great job from the people done this , thank you very much for let us try your excellent job. 2016-07-28 12:07:32
  • Fungai Lavish Ropi
    Fungai Lavish Ropi Zimbabwe Find this so useful, thank you so much for offering free online courses 2016-07-27 14:07:10
  • Amos Nebo
    Amos Nebo Liberia The knowledge acquired in Fundamentals of Accounting which started with the an introduction through module 1 was obtained well. It includes the reports an accountant should know. The two categories of the Profit and Loss Statement. The components of the Balance Sheet. Accounting Principles and Concepts otherwise known as conventions, assumptions, or doctrines. Concepts such as relevance, reliability, materiality, comparability and other terminologies. The purpose of the trial balance. The 10 column worksheet which compose of pre-trial balanced, adjustments, post trial balance, profit and loss column and balance sheet column, from which the financial report can be prepared (profit and loss statement and balance sheet). Topic about prepaid revenue and prepaid expenses. Accrued revenue and Accrued expenses and how record in the general journal and general ledger. The closing of all revenue and expenses to the Profit and Loss Account as well as balancing the balance sheet accounts. I obtained lessons from this course and expect the next level in this course. 2016-07-27 12:07:49
  • Jason Kinyua
    Jason Kinyua Kenya It has been a good experience, being tested 2016-07-26 12:07:14
  • Antony Ngatia
    Antony Ngatia Kenya Great stuff. Good detail 2016-07-25 14:07:35
  • Hared Omar
    Hared Omar Bangladesh Students will also learn how and why accounting rules differ for for-profit, not-for-profit, and health-care organizations. Examples of both for-profit and not-for profit financial statements will be 2016-07-24 14:07:56
  • Hared Omar
    Hared Omar Bangladesh Building on the concepts introduced in the core financial management course (CORE-GP.1021), this course covers the fundamentals of financial accounting for for-profit, not-for-profit, and health-care organizations. It provides a look behind the financial statements used in all organizations and focuses on preparation of statements. Ttransactions into debits and credits, double-entry accounting, creating general ledger accounts (T-accounts), and accounts receivable (including aging schedules). Students will also learn how and why accounting rules differ for for-profit, not-for-profit, and health-care organizations. Examples of both for-profit and not-for profit financial statements will be 2016-07-24 14:07:32
  • Hared Omar
    Hared Omar Bangladesh Building on the concepts introduced in the core financial management course, this course covers the fundamentals of financial accounting for for-profit, not-for-profit, and health-care organizations. It provides a look behind the financial statements used in all organizations and focuses on preparation of statements. Ttransactions into debits and credits, double-entry accounting, creating general ledger accounts (T-accounts), and accounts receivable (including aging schedules). Students will also learn how and why accounting rules differ for for-profit, not-for-profit, and health-care organizations. Examples of both for-profit and not-for profit financial statements will be 2016-07-24 14:07:05
  • Hared Omar
    Hared Omar Bangladesh Building on the concepts introduced in the core financial management course (CORE-GP.1021), this course covers the fundamentals of financial accounting for for-profit, not-for-profit, and health-care organizations. It provides a look behind the financial statements used in all organizations and focuses on preparation of statements. Ttransactions into debits and credits, double-entry accounting, creating general ledger accounts (T-accounts), and accounts receivable (including aging schedules). Students will also learn how and why accounting rules differ for for-profit, not-for-profit, and health-care organizations. Examples of both for-profit and not-for profit financial statements will be reviewed. 2016-07-24 14:07:05
  • Hared Omar
    Hared Omar Bangladesh fundamental of accounting course is very important in the society and i believe to understand this course so is to improve our ability and knowledge thank 2016-07-24 14:07:55
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Study for Free at Your Own Pace! Start This Course

Free, Online Fundamentals of Accounting Course.