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Introduction To Accounting

Introduction To Accounting

Introduction to Accounting (Concepts)

Unit 1: Financial Accounting Concepts

1.0. Introduction

1.1.1 Accounting Standards

1.1.2 Accrual vs. Cash Method

1.1.3 Financial Statements

1.1.4 Transactions

1.2. The Accounting Process

1.2.1. Underlying Assumptions and Principles

1.2.2 Assumptions

1.2.3 Principles

Unit 2: Book-keeping

2.1. Single Entry Book-keeping

2.1.1 Separating Revenues and Expenses

2.2. Double Entry Bookkeeping

2.3. The Accounting Equation

2.3.1 Debits and Credits

2.3.2 The Accounting Cycle

2.3.3 The Source Document

Unit 3: Accounting Registrations

3.1 Journal Entries

3.1.1 Format of a General Journal Entry

3.1.2 Compound Journal Entries

3.1.3 Format of a Compound General Journal Entry

3.1.4 Special Journals

3.1.5 From Journal Entry to Ledger Posting

3.2 The General Ledger

3.2.1 General Journal Entry

3.2.2 Ledger Accounts

3.2.3 Debits and Credits

3.2.4 Trial Balance

3.2.5 Adjusting Entries

3.2.6 How to Make Adjusting Entries

3.4 Closing Entries

3.3.1 Posting of the Closing Entries

3.3.2 Post-Closing Trial Balance

Unit 4: Financial Reporting

4.1. Balance Sheet

4.2 Income Statement

4.3 Statement of Owners’ Equity (Statement of Retained Earnings)

4.4 Cash Flow Statement

 

Expected duration and fees required

  • 12 weeks of study, 1-2 hours/week
  • Free registration
  • 75 Dolar per Week
  • 5 USD for Course Book (Electronic version)
  • 10 USD for certificate

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