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Fundamentals of Accounting Course


Fundamentals of Accounting
Fundamentals of Accounting

Learn essential accounting principles and concepts. Analyse financial accounts.


Join 42,408 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 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 484 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

  • PAUl MULEI
    PAUl MULEI Kenya The reading materials are put in a simplified language,this has enabled me to know the basic accounting principle as well as accounting for prepayments and accrued expenses.In balance sheet i would classify prepayment as a current asset and Accured expenses as current liabilities.Thank you Alison 2015-09-03 09:09:33
  • Ojok Bernard
    Ojok Bernard Uganda If you are new to Accounting or bookkeeping then you put a lot time in understanding the course module especially the Accounting principles and depreciation. 2015-09-02 13:09:09
  • Asif Muhammed Malikantakath
    Asif Muhammed Malikantakath United Arab Emirates This topic is good for beginners of accounting. I went through all the lessons, and suggested to do one of the my colleague he is new to accounting system. 2015-09-01 12:09:02
  • Abdul Akim Sheriff
    Abdul Akim Sheriff Sierra Leone Thanks 2015-08-31 11:08:33
  • Betty Holmes
    Betty Holmes United States of America Having not taken a course of any kind in years this was a challenge. I was happy that you are allowed to take the assessment at the end of the course over if you did not pass the first time score ( 70.59) second attempt I got an score of 100%. This is a great free opportunity. 2015-08-31 07:08:15
  • Tatchana Michel
    Tatchana Michel United States of America Excellent course 2015-08-27 17:08:28
  • Paul Hicks
    Paul Hicks United Kingdom Overall a good introduction to accounting. The training provider may need to review some of the calculations as I spotted a few errors! 2015-08-26 16:08:11
  • Jack Thupi
    Jack Thupi South Africa This is a good way to memorize the principles and concepts of accounting as a whole.i am really glad to participate in to this course as it generate more knowledge about accounting. 2015-08-26 14:08:07
  • Abdul Akim Sheriff
    Abdul Akim Sheriff Sierra Leone Thanks a lot 2015-08-25 13:08:09
  • Abhishek Tripathi
    Abhishek Tripathi India Excellent 2015-08-25 08:08:55
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Free, Online Fundamentals of Accounting Course.