Accounting Principles

Duration: 8 chapters | 1.5 hours

Completion Status: You have completed this course!

Course Content

• 1. Introduction
• An overview of accounting and its importance in the business world.
• 2. Basic Principles
• Introduction to the fundamental principles that govern accounting practices.
• 3. Accounting Equation
• Exploration of the core accounting equation: Assets = Liabilities + Owners’ Equity.
• 4. The Income Statement

• Topics Covered:
  • Definition and purpose of the income statement.
  • Understanding revenues and expenses.
  • Analyzing net income.

• 5. The Balance Sheet

• Topics Covered:
  • Explanation of the balance sheet and its components.
  • Differentiation between assets, liabilities, and equity.

• 6. The Cash Flow Statement
• Topics Covered:
  • Overview of the cash flow statement and its significance.
  • Breakdown of operating, investing, and financing activities.

• 7. Analyzing the Statements
• Topics Covered:
  • Techniques for analyzing financial statements.
  • Understanding ratio and trend analysis.

• 8. Conclusion
• A summary of key concepts learned in the course and their application in real-world scenarios.
• Next Steps
• Take the Accounting Principles – Exam to test your knowledge and receive your certificate of completion!