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Fundamentals of Accounting


Fundamentals of Accounting
Fundamentals of Accounting

Learn essential accounting principles and concepts. Analyse financial accounts.


Join 38,991 other students.
4 461

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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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 461 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

  • 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
  • Seba Seba
    Seba Seba Grenada The Course offered a better appreciation for accounting processes and the reasons for them 2015-05-27 22:05:07
  • Geraldo Leonel Alves Sobrinho
    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
  • Stephen Assan
    Stephen Assan Ghana Great insight for beginners in this field. 2015-05-19 15:05:57
  • Olga Regtrudes Moller
    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
  • James Palay
    James Palay Liberia 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
  • Dmitri Ostrovski
    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
  • Ewacu George
    Ewacu George United Arab Emirates It has been so helpful for my accounting concepts. Thank you. 2015-03-20 14:03:36
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Free, Online Fundamentals of Accounting Course.