Principle of Accounting

About This Course

The course covers essential accounting concepts, the accounting cycle, double-entry bookkeeping, journal entries, ledgers, trial balances, adjusting entries, and the preparation of basic financial statements.

Learning Objectives

Principles of Accounting is an introductory course that provides a strong foundation in the concepts, principles, and practices used to record, classify, summarize, and interpret financial transactions.

The course explains how accounting information is prepared and used to understand the financial performance and position of a business. Learners will develop practical skills in journal entries, ledgers, trial balances, financial statements, assets, liabilities, equity, revenue, and expenses.

Key Topics

Introduction to Accounting

Accounting Concepts and Principles

The Accounting Equation

Types of Accounts

Debit and Credit Rules

Journal Entries

General Ledger

Trial Balance

Cash and Bank Transactions

Accounts Receivable and Payable

Inventory Accounting

Adjusting Entries

Depreciation

Financial Statements

Closing Entries

Basic Financial Analysis

Accounting Ethics and Internal Controls

Target Audience

This course is designed for:
Accounting students who want to build a strong foundation in accounting.
Business and finance students preparing for academic or professional careers.
Beginners with little or no prior accounting knowledge.
Entrepreneurs and small business owners who want to understand their business finances.
Employees and professionals who need practical accounting knowledge for their jobs.
Aspiring accountants and bookkeepers preparing for entry-level accounting roles.
Anyone interested in learning accounting principles and developing practical financial skills.

Curriculum

74 Lessons

Principles of Accounting – Course Topics

Chapter One: Introduction to Accounting

1.1 Definition of Accounting

1.2 Objectives of Financial Accounting

1.3 Users of Financial Information

1.4 Characteristics of Financial Information

1.5 Types of Business Organization

1.6 Ethics in Financial Reporting

1.7 Financial Accounting Vs Management Accounting

Chapter Two: Accounting Equation

Chapter Three: Double-Entry Bookkeeping

3.1 ACCOUNT

3.2 Debits and Credits

3.3 DR & CR. Procedures for Assets and Liabilities

3.4 DR & CR. Procedures for Owner’s Equity

3.5 Revenue And Expenses

3.5.6 Indicate how journal in the recording process

3.7 The Journal

3.8 Simple and Compound Entries

3.8.1 simple and compound entries

3.9 Explain How a ledger and posting

3.9.1 Posting and chart of Accounts

3.9.2 The recording process Illustrated

3.9.3 The recording process Illustrated

3.9.4 the recording process illustrated

3.9.5 the recording process illustrated

3.9.6 the recording process illustrated

3.9.7-2Summary illustration of Journalizing and po

3.9.8 Summary Illustration of Journalizing and post

3.9.9 Summary illustration of journalizing and posting

3.9.10 Summary illustration of journalizing and posting

3.10.1 Prepare Trail Balance

3.10.2 Prepare Trail Balance

Chapter Four: Fiscal and Calendar years , Accrual Vs Cash-basis Accounting

Chapter Five: Worksheet

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About This Course

Tags

Learning Objectives

Target Audience

Curriculum

Principles of Accounting – Course Topics

Chapter One: Introduction to Accounting

1.1 Definition of Accounting

1.2 Objectives of Financial Accounting

1.3 Users of Financial Information

1.4 Characteristics of Financial Information

1.5 Types of Business Organization

1.6 Ethics in Financial Reporting

1.7 Financial Accounting Vs Management Accounting

Chapter Two: Accounting Equation

Assets Liabilities and Owner`s Equity

2.2 Increases and Decreases in Owner`s Equity

2.3.1 Effects of Transactions on Accounting Equation

2.3.2 Effects of Transactions on Accounting Equation

2.3.3 Effects of Transactions on Accounting Equation

2.3.4 Effects of Transactions on Accounting Equation

2.4.1 Describing Four financial statements 1

2.4.2 Describing Four Financial Statements 2

2.4.3 Describing Four Financial Statement 3

2.4.4 Describing four Financial Statement 4

Chapter Three: Double-Entry Bookkeeping

3.1 ACCOUNT

3.2 Debits and Credits

3.3 DR & CR. Procedures for Assets and Liabilities

3.4 DR & CR. Procedures for Owner’s Equity

3.5 Revenue And Expenses

3.5.6 Indicate how journal in the recording process

3.7 The Journal

3.8 Simple and Compound Entries

3.8.1 simple and compound entries

3.9 Explain How a ledger and posting

3.9.1 Posting and chart of Accounts

3.9.2 The recording process Illustrated

3.9.3 The recording process Illustrated

3.9.4 the recording process illustrated

3.9.5 the recording process illustrated

3.9.6 the recording process illustrated

3.9.7-2Summary illustration of Journalizing and po

3.9.8 Summary Illustration of Journalizing and post

3.9.9 Summary illustration of journalizing and posting

3.9.10 Summary illustration of journalizing and posting

3.10.1 Prepare Trail Balance

3.10.2 Prepare Trail Balance

Chapter Four: Fiscal and Calendar years , Accrual Vs Cash-basis Accounting

4.1 Fiscal and Calendar years , Accrual Vs Cash-basis Accounting

4.2 Recognizing revenues and expenses

4.3 Need for Adjusting entries

4.4 Types of Adjusting Entries

4.5.1 Prepare adjusting Entries for deferrals

4.5.2 prepare adjusting entries for deferrals

4.5.3 prepare adjusting entries for deferrals

4.5.4 prepare adjusting entries for deferrals

4.5.5 prepare adjusting entries for deferrals

4.5.6 prepare adjusting entries for deferrals

4.6 prepare adjusting entries for accruals

4.6.1 Prepare Adjusting entries for accruals

4.6.2 Prepare Adjusting entries for accruals

4.7 preparing the adjusted trial balance

4.8 preparing Financial Statement

4.8.1 Preparing financial Statements

4.8.2 Preparing Financial Statements

Chapter Five: Worksheet

5.1 Worksheet

5.2.1 Steps in preparing a worksheet

5.2.3 Steps in preparing worksheet

5.2.4 Steps in preparing work sheet

5.2.5 Steps in preparing worksheet

5.2.6 preparing financial statements from worksheet

5.2.7 preparing financial statements from worksheet

5.2.8 preparing financial statement from worksheet

5.2.9 preparing financial statements from worksheet

5.3.2 Preparing Closing entries

5.3.3 preparing Closing Entries

5.3.4 preparing Closing Entries