Course Contents

This course lets students embark on a systematic exploration of the foundational elements of accounting and is meticulously designed to clarify and demystify the core components of the accounting process. From an initial introduction to the realm of accounting, students are ushered through its various types, grounding themselves in universally-acknowledged accounting principles.

The course places particular emphasis on the paramount financial statements: the Balance Sheet, Income Statement, and Cash Flow Statement, ensuring students gain an in-depth understanding of each. As they progress, learners will familiarize themselves with the comprehensive accounting cycle, mastering the art of journalizing transactions, deciphering the trial balance, and competently preparing financial statements.

Upon course completion, students will be equipped with a solid understanding of basic accounting concepts, poised to tackle more advanced accounting scenarios or translate their knowledge into effective business decision-making.

 

Unlock Your Potential

Get access to Kepsfield Academy's unique adaptive learning environment with comprehensive theory, videos and adaptive quizzes on 5 different levels.
Engaging students with a real-world case study, they're immersed in the day-to-day tasks of an accountant. From recording intricate transactions in journals to the final preparation of financial statements, learners will experience the practical side of foundational accounting.
Get access to the Kepsfield Academy resource hub with accounting principles handbooks, detailed guides on financial statements, journal entry templates, trial balance tools, comprehensive checklists for the accounting cycle.

Lessons Overview

In this course you will learn the basics of the accounting process, journal entries and preparing the financials statements.

The course consists of the following lessons.

 

Lesson 1: Course Outline & Introducing the Case Study
Lesson 2: Introduction to Accounting
Lesson 3: Types of Accounting
Lesson 4: Accounting Principles
Lesson 5: The Balance Sheet
Lesson 6: The Income Statement
Lesson 7: The Cash Flow Statement
Lesson 8: Accounting Cycle
Lesson 9: Accounting Cycle - Journalizing Transactions
Lesson 10: Accounting Cycle - Trial Balance
Lesson 11: Accounting Cycle - Financial Statements