Accounting 1

Content of this course:

Concepts and vocabulary of fundamental accounting.

1. The Recording Process: How do accountants actually work? What do they do? How do accountants arrive at financial reports?
2. Financial Reports: What are the basic financial reports that accountants produce? Learn the format and presentation of these reports by constructing financial reports following the presentation required by International Accounting Standards.
3. Fundamental Accounting Rules: What are the basic rules, concepts and principles that accountants follow? Which of these rules are most important?
4. Types of Business Organisations: What are the different types of business organisations? What are their advantages and disadvantages? Which ones are suitable for which type of business?