The course covers the basic principles of accounting, including the accounting equation, debits and credits, financial statements, and transaction analysis.
Basic Accounting is an introductory course designed to provide participants with a foundational understanding of accounting concepts and principles. The course covers the basic principles of accounting, including the accounting equation, debits and credits, financial statements, and transaction analysis.
Participants will learn how to apply accounting principles to real-world situations, including the preparation of financial statements, the recording of transactions, and the analysis of financial data. The course is suitable for individuals who have no prior accounting experience or knowledge and are interested in gaining a basic understanding of accounting concepts.
Course Outline:
The Basic Accounting course typically covers the following topics:
Introduction to Accounting
Overview of accounting concepts and principles
Role of accounting in business
Types of accounting, including financial accounting and managerial accounting
Accounting Equation and Double-Entry Accounting
Accounting equation and its components
Debits and credits
Journal entries and ledger accounts
Financial Statements
Income statement
Balance sheet
Cash flow statement
Transaction Analysis
Recording transactions in the general ledger
Posting to the trial balance
Adjusting entries and the closing process
Inventory and Cost of Goods Sold
Accounting for inventory
Calculating cost of goods sold
Inventory valuation methods
Depreciation and Amortization
Depreciation of fixed assets
Amortization of intangible assets
Methods of depreciation and amortization
The course can be delivered in-person or online and can be tailored to meet the specific needs of a particular organization or group. The duration of the course may vary, depending on the level of detail covered in each topic.
Participants will receive hands-on training and practical exercises to reinforce their learning and build their confidence in basic accounting principles.
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8 years
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