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Introduction to Accounting
Get a solid foundation of introductory accounting knowledge.Preview the first lesson free — get full access to all 25 lessons.
Beginner Provider : Valerie Chau 25 Lessons · 1h 53m in Arabic, English
Course Description
This course goes into the fundamental skills involved in accounting. You will learn the basic definitions and business transactions covered in most accounting courses. In addition, the course also explores financial statements, adjust and closing journal entries, and workplace accounting. The main goal of this introductory accounting course is that you come away with a firm foundation for further learning.
What You'll Learn
- Define core accounting terms and the language of accounting
- Analyze business transactions using the fundamental accounting equation, T-accounts, debits, and credits
- Record entries in the general journal and post them to the general ledger
- Prepare a trial balance and complete the accountant's worksheet, including adjustments, capital, drawing, and net income
- Prepare financial statements and journalize and post adjusting and closing entries
- Apply workplace accounting practices, including the post-close trial balance
Key Takeaways
- This introductory course covers the fundamental skills, basic definitions, and business transactions found in most accounting courses.
- It explores financial statements as well as adjusting and closing journal entries.
- The accountant's worksheet is developed step by step, from its format and adjustments through capital, drawing, and net income.
- The course progresses through the accounting cycle, including the general journal, general ledger, trial balance, and post-close trial balance.
- Its main goal is to give learners a firm foundation for further accounting study.
Frequently Asked Questions
Who is this course for?
It is an introductory accounting course intended for learners seeking a firm foundation for further learning in accounting.
What topics does the course cover?
It covers basic definitions and business transactions, the language of accounting, types of accounts and business, the chart of accounts, the fundamental accounting equation, T-accounts with debits and credits, the general journal and ledger, the trial balance, the accountant's worksheet with adjustments, financial statements, adjusting and closing entries, and the post-close trial balance.
What skills will I gain from this course?
You will build skills in accounting, accounting management, basic accounting functions, basic accounting principles, financial accounting, and accounts receivable/billing fundamentals.
Are there prerequisites for this course?
This is an introductory course that goes into the fundamental skills of accounting, with the goal of providing a firm foundation for further learning.
