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Fundamentals of Accounting Course


Fundamentals of Accounting
Fundamentals of Accounting

Learn essential accounting principles and concepts. Analyse financial accounts.


Join 69,411 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 621 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

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  • Xandee Santos
    Xandee Santos [[ZZ]] Good! 2016-07-21 17:07:13
  • Theophilus Samkay
    Theophilus Samkay [[]] In order to ascertain summarize, analysis ,classified financial transaction and interpretation of the transaction the users. 2016-07-21 16:07:21
  • Abdulbasit Oumer
    Abdulbasit Oumer Ethiopia I understand some what fundamental of accounting. 2016-07-21 14:07:04
  • Abdulbasit Oumer
    Abdulbasit Oumer Ethiopia Accounting Principles are both general and specific. 2016-07-21 14:07:17
  • Abdulbasit Oumer
    Abdulbasit Oumer Ethiopia Accounting principles are both general & Specific. General principles are the basic assumptions, concepts & guidelines for preparing financial statement, they stem from long-used accounting practices. Specific Principles are detailed rules used in reporting on business transaction and events, they arise more often from the rulings of authoritative groups 2016-07-21 14:07:32
  • Hallie Ragsdale
    Hallie Ragsdale United States of America The course was a little frustrating because the examples did not always have enough explanation to truly understand them. It turns out that the assessment didn't address any of the actual ledger entries, which was good, but it would have been nice to understand what I was looking at to go along with the text. 2016-07-20 17:07:15
  • Ohireme Kester  Eguaoje
    Ohireme Kester Eguaoje Nigeria The course was refreshing. It took me through the fundamentals of Accounting with a view of refreshing my memory on the concepts and principles of account. 2016-07-20 15:07:58
  • Navroop Gill
    Navroop Gill United Kingdom I really good way to learn 2016-07-20 14:07:26
  • Adnan Hussain
    Adnan Hussain Pakistan This course Is very good for beginner and assessment of this course also help you to determine how much you know after completing the topic. 2016-07-18 10:07:37
  • Fe Esperanza Aquino
    Fe Esperanza Aquino Philippines Great help for me, serves as a refresher course for me. Thank you for this kind of free online course. 2016-07-09 15:07:07
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Free, Online Fundamentals of Accounting Course.