• views: 70
• date: 2 August 2025
• posted by: 0nelove

Accounting principles and understanding elements of financial statements
What you'll learn
Possess a comprehensive understanding of accounting principles, apply the conceptual framework and accurately interprete all financial statements
Process accounting transactions through journals, general ledger, preparing a trial balance executing adjustments and close off procedures
Prepare the balance sheet, income statement and statement of changes in equity
Prepare a bank reconciliation statement, trade receivables adjustments, account for inventory and property, plant and equipment
Understand treatment of current liabilities and non current liabilities
Requirements
No accounting experience required
Description
This comprehensive course provides a structured introduction to the foundational principles of accounting. Learners will progress from the conceptual framework through to the final preparation of financial statements. Key topics include:The basic principles of accounting principles, policies and financial statementsThe conceptual frameworkThe accounting equationThe double entry systemJournals - cash receipts and payments journals, sales and sales returns journals, purchases and purchases returns journals and the general journalGeneral ledger preparation and subsidiary ledgers (trade receivables and trade payables)Adjusting entries - Prepaid and expenses, consumables, credit losses, accrued income and income received in advanceThe period-end closing processDifferent types of trial balancesFinancial statement construction- the statement of profit and loss, the statement of changes in equity and the statement of financial positionAccounting treatment and disclosure requirements of current assets with a seperate focus on bank, inventory and trade receivablesAccounting treatment and disclosure requirements of Property Plant and EquipmentAccounting treatment and disclosure requirements for current liabilities with a focus on trade payables and trade payables reconciliationsAccounting treatment and disclosure requirements for non-current liabilitiesBank reconciliations preparationThrough relatable examples and hands-on activities, students will build confidence in recording, analyzing, and presenting financial information—skills that form the foundation of any accounting career.
Accounting beginners,First year accounting students,Bookkeepers,Professionals intrested in accounting basics



   
   
   

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