This course provides a solid foundation in basic accounting principles and practices for beginners. Whether you’re a student, entrepreneur, or someone looking to enhance their financial literacy, this course will equip you with essential skills to understand and apply accounting concepts in real-world scenarios. Through engaging lectures, practical examples, and interactive activities, you’ll gain confidence in handling financial transactions, preparing financial statements, and analyzing business performance.:
Learning Objectives
In this course, you will learn:
- Understanding Accounting Principles And Concepts .
- Describe the Components Of Financial Statements.
- Learn the Double-Entry Accounting System.
- Recording Transactions In Journal And Ledgers.
- Understand and Prepare A Trial Balance.
- Understand the Need For Adjusting Entries.
- Understand the Importance Of Internal Controls.
- Understand Cash Flow Management.
Course Modules
MODULE 1
Introduction to Accounting
- Lesson 1: Understanding the Role of Accounting
- Lesson 2: Different types of accounting (financial, managerial, etc.)
- Lesson 3: Basics of Financial Statements
- Lesson 4: Components of each financial statement
MODULE 2
Principles of Double-Entry Accounting
- Lesson 1: Introduction to Double-Entry Accounting
- Lesson 2: Fundamental accounting equation (Assets = Liabilities + Equity)
- Lesson 3: Recording Transactions
- Lesson 4: Trial balance and its role in error detection
MODULE 3
Financial Statement Analysis
- Lesson 1: Analyzing the Balance Sheet
- Lesson 2: Interpreting balance sheet trends
- Lesson 3: Analyzing the Income Statement
- Lesson 4: Identifying trends and anomalies
MODULE 4
Accounting for Assets and Liabilities
- Lesson 1: Managing Assets
- Lesson 2: Examples and case studies of asset management
- Lesson 3: Handling Liabilities
- Lesson 4: Practical examples and exercises on liability management
MODULE 5
Cash Flow Management
- Lesson 1: Importance of Cash Flow
- Lesson 2: Cash flow statement analysis techniques
- Lesson 3: Budgeting and Forecasting
- Lesson 4: Monitoring and adjusting budgets
MODULE 6
Introduction to Managerial Accounting
- Lesson 1: Managerial vs. Financial Accounting
- Lesson 2: Cost behavior and analysis
- Lesson 3: Cost-Volume-Profit Analysis
- Lesson 4: Decision-making using CVP analysis
MODULE 7
Wrap-Up and Practical Applications
- Lesson 1: Applying Accounting Principles in Real Life
- Lesson 2: Resources for further learning and professional development
- Conclusion
- Project
- Assessment
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