Accounting Acumen Level 1: Basic Financial Accounting
Accounting Acumen Level 1: Basic Financial Accounting, available at $69.99, has an average rating of 4.35, with 38 lectures, 4 quizzes, based on 17 reviews, and has 58 subscribers.
You will learn about Master the first level of fundamental accounting skills, in preparation to learn how to read and analyse financial statements, which are offered in a second course. This course is ideal for individuals who are People with no accounting background that wants to learn the language of business so that they can have more insight into their personal finances, corporate finances of their own small or large companies; or client's financial position or financial statements. It is particularly useful for People with no accounting background that wants to learn the language of business so that they can have more insight into their personal finances, corporate finances of their own small or large companies; or client's financial position or financial statements.
Enroll now: Accounting Acumen Level 1: Basic Financial Accounting
Summary
Title: Accounting Acumen Level 1: Basic Financial Accounting
Price: $69.99
Average Rating: 4.35
Number of Lectures: 38
Number of Quizzes: 4
Number of Published Lectures: 38
Number of Published Quizzes: 4
Number of Curriculum Items: 42
Number of Published Curriculum Objects: 42
Original Price: $89.99
Quality Status: approved
Status: Live
What You Will Learn
- Master the first level of fundamental accounting skills, in preparation to learn how to read and analyse financial statements, which are offered in a second course.
Who Should Attend
- People with no accounting background that wants to learn the language of business so that they can have more insight into their personal finances, corporate finances of their own small or large companies; or client's financial position or financial statements.
Target Audiences
- People with no accounting background that wants to learn the language of business so that they can have more insight into their personal finances, corporate finances of their own small or large companies; or client's financial position or financial statements.
Accounting Acumen is the ability to make good judgements and quick business decisions, based on accounting information. It is the first step in learning how to understand business language and to read and analyse financial statements. Level 1 is a foundational course, covering basic accounting principles and mechanics that will prepare you for more advanced levels of understanding and analysis. Level 1 follows a very practical approach that will teach you what a business is and the legal forms businesses can use; the typical transactions a business will conduct and how to record these transactions. It will teach you about the accounting process (based on the accounting equation) that is necessary to transform the transactional data into useful information that tells the story of a business.
You will learn about the three main steps in the accounting process, which is just like any typical process:
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INPUTS, such as journals and special journals;
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PROCESSING, such as posting to ledger accounts, and different types of accounts and special ledgers; and
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OUTPUTS, such as the trial balance and how and when to adjust it.
Most importantly, you will learn all about how the financial information in the Trial Balance is packaged into the REPORTS that form the Financial Statements based on rules that are much like language rules, namely:
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Income Statement;
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Statements if Changes in Equity;
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Balance Sheet; and
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Cash Flow Statements.
This will enable you to complete the full accounting process by:
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identifying accounting source documents containing transactions;
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recording these transactions in various journals;
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posting the journals to various ledgers accounts;
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assemble a trial balance;
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make adjusting entries to finalise the trial balance;
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assemble the financial statement reports: i.e an income statement, statement if changes in equity, balance sheet from the trial balance.
You will test your newly acquired skills by completing an integrated exercise covering the entire accounting process, as described above.
This will prepare you to advance to the next levels of Accounting Acumen.
Come explore with me and learn a new skill!
Course Curriculum
Chapter 1: OVERVIEW OF COURSE
Lecture 1: INTRODUCTION
Lecture 2: MAIN COURSE PLAN
Chapter 2: CHAPTER 1: FOUNDATIONS
Lecture 1: BUSINESS TRANSACTIONS
Lecture 2: BUSINESS LEGAL FORMS
Lecture 3: FINANCING
Lecture 4: RELIABLE INFORMATION
Lecture 5: FINANCIAL POSITION
Lecture 6: DOUBLE ENTRY SYSTEM
Lecture 7: JOURNALS
Lecture 8: POSTING TO THE GENERAL LEDGER (WITH EXERCISE)
Chapter 3: CHAPTER 2:OVERVIEW OF FINANCIAL STATEMENTS
Lecture 1: OVERVIEW OF THE BALANCE SHEET
Lecture 2: BALANCE SHEET EXAMPLE
Lecture 3: OVERVIEW OF THE INCOME STATEMENT
Lecture 4: INCOME STATEMENT EXAMPLE
Lecture 5: OVERVIEW OF THE STATEMENT OF CHANGES IN EQUITY
Lecture 6: EXAMPLE: STATEMENT OF CHANGES IN EQUITY
Lecture 7: OVERVIEW OF THE CASH FLOW STATEMENT
Lecture 8: OVERVIEW OF REPORT FORMATS
Lecture 9: INTEGRATION OF REPORTS
Chapter 4: CHAPTER 3: THE ACCOUNTING PROCESS PART I
Lecture 1: OVERVIEW OF THE ACCOUNTING PROCESS
Lecture 2: INPUTS: TRANSACTION TYPES
Lecture 3: INPUTS: DEBITS AND CREDITS
Lecture 4: INPUTS: GENERAL JOURNAL
Lecture 5: INPUTS: SPECIAL JOURNALS (WITH EXERCISE)
Lecture 6: PROCESS: GENERAL LEDGER
Lecture 7: PROCESS: SUBSIDIARY LEDGERS
Lecture 8: PROCESS: SUBSIDIARY LEDGERS (CASH)
Lecture 9: PROCESS: SUBSIDIARY LEDGERS (INVENTORY)
Chapter 5: CHAPTER 4: THE ACCOUNTING PROCESS PART II
Lecture 1: OUTPUT: TRIAL BALANCE TO FINANCIAL STATEMENTS (WITH EXERCISE)
Lecture 2: ACCRUAL ACCOUNTING
Lecture 3: ADJUSTING ENTRIES PART I
Lecture 4: ADJUSTING ENTRIES PART II
Lecture 5: DEPRECIATION
Lecture 6: CLOSING ENTRIES (WITH EXERCISE)
Lecture 7: INTEGRATED ASSIGNMENT INSTRUCTION PART I
Lecture 8: INTEGRATED ASSIGNMENT INSTRUCTION PART II
Lecture 9: INTEGRATED ASSIGNMENT INSTRUCTION PART III
Chapter 6: BONUS SECTION
Lecture 1: BONUS LECTURE
Instructors
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Prof Anneline Venter JSD CA(SA) RA
Professor and Doctor of Tax Law
Rating Distribution
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- 2 stars: 1 votes
- 3 stars: 0 votes
- 4 stars: 4 votes
- 5 stars: 12 votes
Frequently Asked Questions
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