· This course is designed to develop and enhance the accounting knowledge and skills of students.
· Students will be introduced to important accounting concepts and learn a range of accounting skillswhich include:
1. Classifying and analyzing transactions
2. Preparing general journal entries
3. Posting journal entries to the general ledger accounts
4. Preparing a trial balance
5. Preparing a profit/loss statement
6. Preparing a balance sheet
7. Preparing a cash flow statement
· Students can successfully complete this course with minimal or no prior knowledge of accounting.
· Understanding and application of basic maths is recommended.
· A calculator, pen and writing paper are required.
· Students will learn about the accounting equation and all the components which make up the accounting equation such as assets, liabilities, equity, capital, drawings, profit, revenue and expenses
· Students will learn the double-entry rules of accounting and how to apply the rules to classify and record transactions.
· Students will also learn how to record transactions using the general journal and general ledger.
Who this course is for:
- Beginning or continuing students of financial accounting will find this course valuable.
- Small business owners and managers will find this course useful.
- There are no formal prerequisites for this course.
- An applied understanding of basic maths will be useful.
- A pen, paper and basic calculator is needed.
Last updated 2/2019
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