Accounting involves collecting, organizing and interpreting financial data in order to produce financial statements. It is hugely important for dealing with the finances of a business. By studying the Alison Learning Path in Accounting – Core Concepts you will learn about the accounting process. You will learn about accounting principles, concepts, procedures and structures that accountants follow on a daily basis. The Alison Learning Path in Accounting – Core Concepts is a series of courses that will give you an overview of the role of an accountant and inform you on different areas of the accounting process.
Courses in this Learning Path
Fundamentals of Accounting
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.2-3 Hours50 Points
Fundamentals of Financial Accounting
Alison’S "Introduction to Accounting" offers a comprehensive guide to Financial Accounting. This free online course explains accounting principles and concepts, and how to prepare and analyse financial accounts. It also examines ratio analysis, working capital, cash and finance, business analysis, and business risk.
It is a useful tool for those studying accounting, people working within financial operations of companies, and anyone who wishes to learn more about finance and accounting in general.
A2-3 Hours50 Points
This course introduces the body of theory underlying accounting procedures. It puts the core practices and principles, covered in the previous courses, into a framework of theoretical concepts. This free online course will give learners an understanding of the theory behind the accounting process and will help learners make decisions in diverse accounting situations as is provides a logical framework for accounting practice. This free online accounting course will be of great interest to entrepreneurs and business professionals who would like to get an understanding of the theory behind the accounting practices that we use day today, and to any learner who is interested in accounting as a future career.2-3 Hours50 Points
Accounting - Control and Monitoring of Cash
For any business or organization, the need to control and monitor cash transactions to ensure the efficient operation of the business is vital. In Alison's free online accounting course, procedures and structures for establishing internal control such as control of cash receipts and cash disbursements, proper use of the bank checking account, preparation of the bank reconciliation, and protection of petty cash funds are all explored in detail.
An overview of the five components for internal financial control is described and this provides a structure for developing the necessary accounting procedures needed to ensure the safe handling of cash within an organization.
Alison's free online accounting course will be of great interest to entrepreneurs and business professionals who would like to better understand how to control and monitor daily cash transactions within an enterprise, and to any learner who is interested in accounting as a future career.2-3 Hours50 Points