Accounting Fundamentals
Course Description
Accounting Fundamentals I is an online course designed to introduce you to the basics of accounting. This course covers the fundamental principles of accounting, financial statements, and accounting systems. You will learn the basic accounting rules and regulations, accounting terminology, and bookkeeping techniques.
Through interactive lectures, readings, discussions, and assignments, you will develop the knowledge and skills required to understand the foundation of financial accounting. This course is ideal for anyone who is interested in learning accounting, including students, entrepreneurs, small business owners, or anyone who wants to improve their financial literacy.
Course Objectives:
- Understand the fundamental principles of accounting
- Develop a basic knowledge of accounting terminology and concepts
- Understand the difference between financial and managerial accounting
- Develop skills in using debits, credits, and journal entries in accounting transactions
- Develop familiarity with the accounting equation and financial statements
- Understand the fundamentals of bookkeeping
- Comprehend the key techniques in accounting, including accounts receivable, accounts payable, and billing
- Understand the difference between cash and accrual accounting
- Understand the importance of accurate recording and the impact it has on business performance
- Analyze financial statements and understand how financial transactions are recorded in the books of accounts
