Introductory Financial Accounting-A Simplified Approach
Introductory Financial Accounting-A Simplified Approach
· 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 skills which 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.
· The course structure is as follows:-
· Section 1-introduction
· Section 2-accounting concepts
· Section 3-accounting equation
· Section 4-double-entry rules of accounting
· Section 5-transaction analysis
· Section 6-general journal entries
· Section 7-general ledger accounts
· Section 8-trial balance
· Section 9-profit and loss statement
· Section 10-balance sheet
· Section 11-cash flow statement
· Section 12-practice quiz 1
· Section 13-assignment-calculate monthly profit
· Section 14-practice example 1 Mary’s tuition service
· Section 15-practice example 2 Albert’s car wash
· Section 16-accounting for merchandise businesses
· Section 17-practice example 3 Jane’s perfume shop
· Section 18-GST transactions
· Section 19-practice example 4 Harry’s stylish hairdressing
· Section 20-course review practice example 5 J&J gourmet chocolates Pty Ltd
· Section 21-course review
· Section 22-course review quiz
Applying methodology and structure to simplify the financial accounting process.
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What you will learn
- Students will learn about the basic accounting equation and the extended form of the accounting equation.
- Students will learn how to analyse and classify transactions using a transaction analysis table.
- Students will learn how to process general journal entries using the double-entry rules of accounting.
![](https://img-c.udemycdn.com/course/240x135/2114768_bdb4_2.jpg)
Rating: 4.2
Level: All Levels
Duration: 10.5 hours
Instructor: Archie Voyatzis BEc.MEc.GDipEd.MPA.FIPA.FFA.MATA
Courses By: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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