Basic Accounting

Overview

This course is accredited by the Chartered Institute of Management Accountants (CIMA). We believe that the best way to learn is through genuine understanding and experience, which is why we present a set of ground-breaking visualization models that explain accounting transactions and balances using the analogy of water pipes and tanks. These help you to develop an intuitive understanding of how accounting works as a simple, connected system.

The models used in this course are used by leading universities to help their students understand financial concepts. This course assumes no prior knowledge and gradually introduces all the building blocks of accounting such as revenue, costs, assets, liabilities and equity through a series of ground-breaking business simulations and case studies.

We show you how the ‘accrual’ principle creates a fundamental difference between profit and cashflow and how double-entry bookkeeping keeps ledgers balanced. Such lessons help you to get comfortable with financial statements and terminology. Whether you are completely new to finance or simply want an engaging refresher, this course provides an intuitive understanding of accounting. Sign up to take control of your personal or business finances.