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About the Course
This course provides a comprehensive introduction to the principles of financial accounting, focusing on the fundamental concepts and techniques that are essential for preparing and interpreting financial statements. Whether you’re starting a career in accounting or looking to strengthen your financial knowledge, this course will equip you with the necessary skills to understand financial transactions, analyze financial reports, and make informed business decisions. You’ll learn how to apply accounting principles and techniques to real-world scenarios.
What You’ll Learn
- Introduction to Financial Accounting: Understand the basic concepts and principles of financial accounting, including the accounting equation and the role of financial accounting in business.
- Financial Statements: Learn how to prepare and analyze the three key financial statements—Income Statement, Balance Sheet, and Cash Flow Statement.
- Double-Entry Bookkeeping: Gain proficiency in the double-entry bookkeeping system and understand how transactions are recorded and classified.
- Journal Entries & General Ledger: Learn how to make journal entries and post them to the general ledger to maintain accurate financial records.
- Trial Balance & Adjusting Entries: Understand how to create a trial balance and make adjusting entries to ensure the accuracy of financial records.
- Accounting for Assets, Liabilities, and Equity: Learn how to account for assets, liabilities, and equity, including their classification and impact on the financial statements.
- Financial Reporting & Analysis: Gain the skills to analyze financial statements, assess business performance, and make informed decisions based on financial data.
- Closing Process & Accounting Cycle: Understand the steps in the accounting cycle, including the closing process and preparation for the next period.
Requirements
- Computer & Internet Access: A laptop or desktop with a stable internet connection.
- Basic Math Skills: Comfort with basic arithmetic and algebra to understand financial calculations.
- No Prior Accounting Knowledge Required: This course is designed for beginners or anyone interested in learning the fundamentals of financial accounting.
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