Principles of Financial Accounting
Start Your Journey to Explore the Business World
What you'll learn
- Understand the framework of financial accounting
- Learn the accounting equation and its applications
- Master the preparation of adjustments and financial statements
- Acquire skills to close financial accounts professionally
- Apply accounting principles in the business world
- Analyze and deeply understand financial data
About this course
In this course, you will learn everything related to financial accounting, enabling you to manage your company's or your own business's accounts efficiently. The program includes how to prepare financial statements and reports that contribute to improving overall business performance. It will also enable you to oversee the accountants working with you, as you will be aware of all the details related to financial operations. You will gain a deep understanding of fundamental concepts such as budgeting, financial reporting, and cost analysis, enhancing your ability to make informed financial decisions. The skills acquired will help you achieve financial transparency and improve business management effectiveness, contributing to your professional success and enhancing your competitiveness in the market. By the end of the course, you will be equipped with the necessary knowledge to achieve your financial goals efficiently.
Expected outcomes
- 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.
Course content
1Principles of Financial Accounting
16 lectures
- The General Framework of Accounting9:10
- The Accounting Equation7:24
- Practical Case 111:33
- Practical Case 212:46
- The Accounting Cycle (Part One)27:09
- The Accounting Cycle (Part Two)27:37
- Capital-Related Transactions28:08
- Capital Transactions30:48
- Inventory-Related Transactions (Part One)20:51
- Inventory-Related Transactions (Part Two)30:53
- Concept, Importance, and Types of Inventory Adjustments (Part One)26:26
- Concept, Importance, and Types of Inventory Adjustments (Part Two)24:59
- Creating Inventory Adjustments (Part One)21:28
- Creating Inventory Adjustments (Part Two)24:54
- Financial Statements and Closing Accounts (Part One)26:52
- Financial Statements and Closing Accounts (Part Two)27:28
Instructor
Dr. Mohamed Abu Bakr
This course is part of the following diplomas
