Fundamentals of Accounting

Overview

All companies and organizations must ensure that they effectively implement the principles and practices used in modern accounting systems to make sure that proper financial controls are constantly maintained. This free online Fundamentals of Accounting course will help you do just that by guiding you through the main financial statements used in accounting systems - including the profit and loss account and the balance sheet - and the everyday adjustments that have to be made to these statements.

The course begins by teaching you how to create a profit and loss statement and a balance sheet. It then introduces you to important accounting terminology and accounting principles such as matching, disclosure, consistency, diversity, dependability, verifiability, and conservatism. Next, the course teaches you about important accounting topics such as prepaid and accrued expenses, recording, capital account, closing and posting entries. Finally, you will learn how to create a general journal and ledger.

This accounting course will be of great interest to business professionals who would like to learn more about the basics of accounting systems and the terminology used within these systems. By the end of the course you will have learned about the importance of prudent financial management, the role it plays in the success or failure of businesses and organizations, and how to conduct important accounting tasks effectively. This will be a great boost for your career.