Accounting Basics


SKU: 15198 Category:


This course is designed for anyone with little to no prior accounting experience who wants to gain a foundational understanding of the language of business. Whether you’re looking to launch your own business, improve your financial literacy, or pursue a career in accounting, this course will equip you with the essential skills to track, analyze, and interpret financial information.

When you have finished this module, you should be able to:

  • Describe the basics of financial reporting for financial statement and tax return purposes.
  • Explain the basics of financial statement construction and how the income statement and balance sheet are linked through retained earnings.
  • Describe how basic accounting concepts such as conservatism, revenue and expense recognition policies affect financial statements.
  • Explain the difference between cash and accrual statements.
  • Read and understand notes to financial statements.
  • Explain compilations, reviews, and audited statements.
Code: E6096SP
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