There are many theories about the practice of accounting, but actually incorporating those concepts into daily use is another matter. Designed for anyone wanting to better understand modern accounting principles, as well as those seeking to advance themselves professionally, this course focuses on providing you with the knowledge and skills to apply sound accounting techniques in practical ways. Through engaging online lectures and discussion forums, you’ll explore a variety of topics, including the recording, valuation and presentation of cash, temporary investments, receivables and inventories. You’ll also be introduced to accounting concepts for physical plants and equipment, intangibles, current assets and liabilities, fixed asset accounting and current obligations. By the end of this course, you’ll be able to practically apply modern accounting concepts in your job and use financial accounting data in your day-to-day decision-making process.

Learning Outcomes

• Confidently apply accounting standards
• Utilize the accounting information system
• Practice income support and revenue recognition
• Maintain balance sheets and statements of cash flows

Skills You Will Gain

• Accounting standards
• Financial statement analysis
• Accounting for cash, receivables and inventory
• Accounting for plant assets, equipment, intangible assets and liabilities