The Accounting Cycle

Join us as we do a dive deep into the basics of the accounting cycle and financial statements. You will master all the steps involved in financial accounting processes and, most importantly, you will learn about the important rules that govern accounting. This knowledge is crucial to anyone running their own business or wanting to progress in a corporate, retail or financial services career.

What You Will Learn In This Free Course

The Development of Financial Accounting Standards

In this module, you will learn about the rules that govern accounting. GAAP sets the rules that accounts follow when making journal entries and standardizes accounting so that comparisons can be made among companies by outside parties. Investors, creditors, even employees count on the consistency of financial reporting in order to evaluate operations. Be sure you have accomplished the learning outcome in each section before you move on to the next section.

The Accounting Cycle

This module covers the basic fundamentals of the Accounting Cycle. You will learn each and every step involved in the Accounting Cycle process. Furthermore, you also learn about the Principles of Accounting Transactions.

Beginners’ Guide to Financial Statements

This module walks you through the foundational elements of basic accounting and reading financial statements. We have uncovered other important topics like Balance Sheets and Income Statements, Cash Flow Statements Financial Statement Ratios and Calculations

Calculating Cash Flows

This Module will introduce the fundamentals of Calculating Cash Flows. We’ll be analyzing the Preparation of the Statement of Cash Flows using the Direct and Indirect Methods.; Module

Course assessment