Principles of Financial Accounting
This course teaches the principles of financial accounting from the beginning, so you can understand the language of numbers in business and follow the accounts of your company or project. It starts with the general framework of accounting and the accounting equation, then practical cases where you apply what you learned, followed by the accounting cycle in two parts. Next you learn transactions related to capital, capital transactions, transactions related to merchandise, then the concept, importance and types of adjusting entries and how to create them, and finally financial statements and closing the accounts. The course suits accounting beginners, business owners who want to understand their books, employees who deal with accounts and anyone who wants to enter the accounting field. No previous experience is needed, because the lessons start from the first concepts and progress with examples. By the end, you will be able to record basic accounting transactions, prepare adjusting entries, close the accounts, and read and understand financial statements. You also practice with examples and practical cases throughout the lessons.
- Ability to apply basic accounting operations.
- Preparation of financial statements and closing accounts accurately.
- Understanding inventory adjustments and their importance in accounting.
- Handling operations related to capital and expenses.
- Understand the general framework of accounting
- Apply the accounting equation
- Solve practical accounting cases
- Understand the accounting cycle
- Record transactions related to capital
- Record transactions related to merchandise