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Fundamentals of Accounting


Fundamentals of Accounting
Fundamentals of Accounting

Learn essential accounting principles and concepts. Analyse financial accounts.


Join 37,943 other students.
4 455

Course Description

Using an interactive presentation style, this course delve 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 course explores the main financial statements including the profit & loss account and the balance sheet and the everyday adjustments that have to be made. On completion of the course, the learner is expected to be aware of the importance of prudential financial management and the factor it plays in the success or failure of businesses and organisations.

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 this 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. You will be able to prepare reports successfully. This course will help you gain a good knowledge of prepaid and accrued expenses, recording, capital account, closing and posting entries. You will learn how to create a general journal and ledger.


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Module Title
Introduction to accounting
Accounting terminology
Accounting principles
Accounting systems
Preparation of reports
Balance day adjustments in the general journal and ledger
Assessment

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Course Rating (By Learners): 4 stars based on 455 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, this course delve 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 course explores the main financial statements including the profit & loss account and the balance sheet and the everyday adjustments that have to be made. On completion of the course, the learner is expected to be aware of the importance of prudential financial management and the factor it plays in the success or failure of businesses and organisations.
License:
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: Post-Secondary
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

  • aaa
    Seba Seba Grenada The Course offered a better appreciation for accounting processes and the reasons for them 2015-05-27 22:05:07
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    Geraldo Leonel Alves Sobrinho Brazil Course very good, the test also very demanding and practical. I have enjoyed a good level of knowledge. Too bad the certificate is not easy to achieve. I managed to make 88.75% of the course the test. Thanks to Alison for developing the course. Sincerely, Geraldo 2015-05-23 02:05:48
  • aaa
    Stephen Assan Ghana Great insight for beginners in this field. 2015-05-19 15:05:57
  • aaa
    Olga Regtrudes Moller Namibia The course was very useful and will enable me to upgrade my skills and knowledge regarding Accounting Principles. 2015-05-18 13:05:38
  • aaa
    James Palay United States of America This course give you the basic of the Accounting system and control, how it work in our every day business and work. I enjoy reading it. Thanks to the Allison team. 2015-03-30 13:03:10
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    Dmitri Ostrovski United States of America A basic understanding of Accounting terms will be necessary to understand the concepts, language and content of these lessons. 2015-03-21 16:03:20
  • aaa
    Ewacu George United Arab Emirates It has been so helpful for my accounting concepts. Thank you. 2015-03-20 14:03:36
  • aaa
    Zaky Att Egypt Good 2015-03-18 23:03:33
  • aaa
    Michelle Blakey-walker United States of America I found the Accounting Principles module with detailed examples of breaches to be extremely helpful. 2015-03-16 05:03:40
  • aaa
    Ian Taylor United Kingdom A good basic course to get an overview of the theory 2015-03-13 11:03:09
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