Intro to Accounting and Accounting System – Accounting Course

Who is the course for?

This course is designed for anyone wanting to learn the basics of accounting and double-entry bookkeeping.

You could be studying at college or university and would like some help with these topics or you may have gained double-entry bookkeeping knowledge years ago and want to use this course as a way to brush up on your skills.

This course will also be useful if you would like to learn how to maintain accounting records for a small business, starting with the very basics. You may also be interested in pursuing a career in accounting or business, or you already work in an accounts department.

What topics will you cover?

Identifying different types of business entity

Fundamentals of accounting: introducing basic business documents

The difference between capital and revenue income expenditure

The different books of prime entry

Recording transactions in ledger accounts

Double-entry bookkeeping – from underlying concepts to application of the rules

Financial reporting process

Financial statements, balance sheet, and profit and loss accounts

What will you achieve?

By the end of the course, you‘ll be able to…

Compare the different types of organisations and how each type operates.

Compare the different types of accounts a business will produce.

Identify different documents, how they relate to various transactions and understand the information contained within.

Discuss the theory behind and use double entry bookkeeping.

Demonstrate double entry bookkeeping by applying it to practical examples.

Calculate the profit or loss that a business might make in the year.