Decoding Financial Statements

In this course,

Are you new to accounting or looking to build a strong foundation in financial principles? This comprehensive Accounting Fundamentals course will take you from the basics to mastering essential accounting concepts. Whether you're a student, business owner, entrepreneur, or finance professional, this course will equip you with the knowledge needed to understand and apply accounting principles effectively.

What You’ll Learn:

Introduction to Accounting

• Definition and purpose of accounting
• Importance of accounting in business
• Users of financial information

Accounting Principles & Concepts

• Accrual vs. Cash Basis Accounting
• Matching Principle
• Prudence Principle
• Consistency & Going Concern Assumptions

The Accounting Equation & Double-Entry System

• Assets = Liabilities + Equity
• Debit & Credit rules
• How transactions affect financial statements

Financial Statements & Their Preparation

• Balance Sheet – Assets, Liabilities, and Equity explained
• Income Statement – Revenue, Expenses, and Profit calculation
• Cash Flow Statement – Tracking business cash movements
• Statement of Changes in Equity – Understanding retained earnings & capital changes

Recording Transactions & The Accounting Cycle

• Journals, Ledgers, and Trial Balance
• Posting entries and preparing financial reports
• Adjusting entries and closing accounts

Key Accounting Elements & Their Management

• Assets & Liabilities – Classification and valuation
• Revenue & Expenses – Recognition and treatment
• Depreciation & Amortization – How businesses account for long-term assets

General Ledger & Subsidiary Ledgers

• Importance of ledgers in bookkeeping
• Control accounts and detailed subsidiary ledgers

Financial Reporting & Interpretation

• Understanding financial ratios and performance indicators
• Analyzing business profitability, liquidity, and solvency

Notes to Financial Statements

• Why notes are essential for transparency
• Key disclosures and their impact on decision-making

Who Should Take This Course?

Students and beginners interested in learning accounting
Entrepreneurs and business owners managing their finances
Professionals looking to refresh their accounting knowledge
Anyone preparing for ACCA, CA, CPA, or finance-related exams

Why Enroll in This Course?

Beginner-friendly and easy-to-follow lessons
Real-world examples for practical understanding
Step-by-step guidance on financial statement preparation
Essential for academic, professional, and business growth

Enroll now to build a strong foundation in accounting and take control of financial decision.