Course Details

Accounting principles and assumptions are the essential guidelines under which businesses prepare their financial statements. These principles guide the methods and decisions for a business over a short and long term. For both internal and external reporting purposes, it is important to understand the concepts presented below because they serve as a guideline to the analysis of financial reporting issues.

AIntroduction to Accounting (Fundamentals)1Introduction to Accounting2The Five Major Types of Accounts3Assets Definition and Examples4Liabilities Definition and Examples5Capital Definition and Examples6Expenses Definition and Examples7Revenue / Income Definition and ExamplesBTwo Main Categories of the Major Five types1Rules of Debit and Credit2Explain the concept of T-accountsCAccounting Cycle1General Journal Entries2Journal Ledger Preparation3Trial Balance Preparation4Trading Account Preparation5Profit and Loss Account Preparation6Balance Sheet Preparation7Assignments for Practical

 Books