Introduction To Accounting: A Guide For Modern Accountants

Comprehensive guide on accounting purpose, double-entry bookkeeping, accounting principles and accounting standards.

What you'll learn

Gain insights into the meaning and purpose of accounting.

Gain an understanding of the accrual accounting method.

Gain an appreciation of what accounting principles are and how they are used.

Gain insights into accounting regulations and standards.

Requirements

No prior finance or accounting experience required.

Mild curiosity or deep interest in the accounting process and how it works in real life.

Description

Welcome to our training on “Introduction to Accounting”. Strap in and take an engaging walk with us through the fundamentals of the accounting field; prepared and delivered by real life professional accountants.Together we will explore the basics of the accounting practice and use examples to deep dive into real life applications of various aspects of the accounting profession that will be presented during the course.This course covers the definition and uses of accounting, types of accounting, the double-entry principle under the accrual accounting basis, accounting principles and the presentation of financial statements under International Financial Reporting Standards (IFRS).Detailed Course Outline:What is Accounting?Types of AccountingCash vs Accrual AccountingAccounting PrinciplesPresentation of Financial StatementsFinal tips & TakeawaysAt the end of the course, you will gain insights into the meaning and purpose of accounting, gain an understanding of the accrual accounting method, have an appreciation of what accounting principles are and how they are used, and gain insights into global accounting regulations and standards - the International Financial Reporting Standards (IFRS).This course is applicable to all accountants / accounting teams and students; topics discussed are global in nature and application.With detailed instruction and practical case studies, this course is of relevance to beginner and intermediate level students and professionals interested in the accounting process or engaged in business, finance or accounting roles.

Overview

Section 1: Introduction

Lecture 1 Welcome & Introduction

Section 2: Types of Accounting - Financial Accounting

Lecture 2 Deep Dive into Financial Accounting and Accrual Basis of Accounting

Section 3: The Double-Entry Principle

Lecture 3 The Meaning of "Double-Entry" and How does it Works?

Section 4: Case Study 1

Lecture 4 Case Study 1 – Double-Entry Principle in Financial Accounting

Section 5: Accounting Principles

Lecture 5 Deep Dive into Accounting Principles - Meaning and Use

Section 6: Case Study 2

Lecture 6 Case Study 2 – Accounting Principles

Section 7: Presentation of Financial statements

Lecture 7 Presentation of Financial statements per Global Accounting Standards - IFRS

Section 8: Conclusion

Lecture 8 Final Tips & Takeaways

New members of a finance or accounting team.,Students of business management, accounting, finance.,Experienced bookkeeping or accounting professionals looking to refresh their knowledge of accounting / accounting practices.,Students or professionals taking accounting, business or finance certification exams with modules on accounting / accounting practices.