This course takes you through the fundamentals of accounting and explains concepts like revenue, costs, assets, liabilities and equity through a series of groundbreaking business simulations. We introduce you to the ?fundamental accounting equation?, double-entry bookkeeping, financial statements, managing cash flow, the operating cycle, fixed assets, company funding and more. Sign up to explore a career in finance and bookkeeping.
What You Will Learn In This Free CourseUnderstand how accounting works…Evaluate accounting transactions and…Explain how the ?accrual principle? …Describe how profit, cashflow and th…Understand how accounting worksEvaluate accounting transactions and balances and track their interaction through debits and creditsExplain how the ?accrual principle? creates a fundamental difference between profit and cashflowDescribe how profit, cashflow and the balance sheet are connectedInterpret key financial statementsAnalyze the ?fundamental accounting equation? and explain its consequencesCalculate profitability ratios and appreciate their implicationsManage cashflow and working capital through the operating cycleAccount for fixed assets and depreciationExplain the issues with intangible asset accountingEvaluate the funding options available to companies