The Accounting Course explains the terminology used in financial circles, the principles used in basic accounting and the systems put in place to ensure financial control in maintained. The accounting course explores the main financial statements including the profit and loss account, the balance sheet and everyday adjustments that have to be made.

Learning Outcomes

1. Discuss the purpose of the cash flow, profit & loss and the balance sheet statements
2. Explain the keys terms use in accountancy
3. Identify the thirteen accounting principles and how they each may be breached
4. List the six accounting concepts
5. Outline the purpose of the classification systems and its benefits
6. Identify the relevant journals and ledgers when posting standard transactions.