Fundamentals of Accounting

Learn the fundamentals of accounting and essential bookkeeping techniques with this introductory course! This course provides a solid foundation in financial accounting, preparing you for further study and even a fundamental module of the ACCA (Accountant in Business) program.

This course is designed to equip you with the core knowledge needed to understand and manage financial information, enabling you to make informed managerial decisions. You'll gain exposure to the business environment, understand business units, and grasp fundamental accounting concepts and methods. This course lays the groundwork for more advanced accounting studies.

Course Objectives:

• Understand the purpose and various types of businesses, and how they interact with stakeholders and the external environment.
• Describe the crucial role accounting plays in the success of any business.
• Explain the principles and concepts that govern the recording of business transactions.
• Learn to prepare essential accounting statements from financial data.

Course Content:

• Unit 1: Business Organisation/Structure/Functions: Explore the structure and functions of different business organizations.
• Unit 2: Introduction to Accounting: Get a comprehensive introduction to the world of accounting.
• Unit 3: Double Entry Accounting and Books of Original Entry: Master the principles of double-entry bookkeeping and learn about the different types of original entry books.
• Unit 4: The Trial Balance: Understand and prepare a trial balance to ensure accounting equation balance.
• Unit 5: Adjustments at the End of an Accounting Period: Learn how to make necessary adjustments to financial records at the end of an accounting period.
• Unit 6: Final Accounts and Balance Sheet: Prepare final accounts and understand the importance of the balance sheet.
• Unit 7: Bank Reconciliation/Internal Controls: Learn about bank reconciliation processes and the importance of internal controls in financial management.

This course is perfect for anyone looking to build a strong foundation in accounting, whether you're starting a career in finance or seeking to improve your business acumen.