
explain what accounting is and •Identify the users and uses of accounting and explain accounting standards
state the accounting equation and define its components
to use the accounting equation in the company transcation
understand the five financial statements and how they prepared
Define debits and credits and explain their use in recording business transactions
Identify the basic steps in the recording process
Prepare a trial balance and explain its purposes
explain the time period assumption
identify the major types of adjusting entries and prepare to adjust entries
describe the nature and purpose of an adjusted trial balance
prepare a worksheet
Explain the process of closing the books
State the required steps in the accounting cycle
Identify the sections of a classified statement of financial position.
Description:
- ((accounting is easy to learn when taught the right way))
- Basic accounting course is not just theory but also takes real-life examples by creating
your company and using it through the accounting process. It is meant for students who
would like to understand the accounting concept by easy examples to stick the information
in their minds.
Our course is perfect for you if:
- If you are learning accounting to do accounts for your own business
- If you hope to start a career in accounting or finance
- If you need a refresher course on accounting fundamentals
- If you already work in finance and want to learn new skills
In this course you will get out by:
- Even if you know nothing about accounting you will finish this course within the
confidence to:
- Do the books for your business
- Prepare the financial statement for your business
Why this is the best course in accounting basic?
- As you know accounting is a huge subject, so we have carefully selected the best topics
to include in our basic accounting course. We will then teach them in the right order
from the first step in the accounting cycle till the final step and also all the topics we will
teach them by example in an easy way so you can relate the topic to real life.
After you finish this course, you will be able to:
1) Describe the meaning of accounting
2) Know how will use the accounting data
3) Know the accounting standards
4) What is the basic accounting equation
5) How to use the accounting transaction
6) How to create and understand the five financial statements
7) Distinguish between debt and credit and when its debt and when its credit
8) Know the steps in the recording process
9) How to create and understand the trial balance
10) What are the time issues
11) What are the adjusting entries and how do them
12) How to prepare to adjust entries trial balance
13) How to prepare and use a worksheet
14) How to close the books
15) What are the eight steps of the accounting cycle
16) Know the classification of financial position.