Financial Accounting

This course aims to provide basic knowledge of Financial Accounting - definitions, conventions, principles and related terminologies. It imparts lessons on Book Keeping System (Journal, Ledger Posting, Trial Balance and Financial Statements). This course is very informative and interactive with many practice questions.

By the end of the course, you will be able to:

1. Define accounting, basic terminology, its objectives, process, users and branches
2. Explain the accounting concepts and conventions, including General Accepted Accounting Principles (GAAP)
3. Post Journal entries and Ledger accounts
4. Draw up a Trial Balance
5. Prepare the Final Accounts:
   • Trading
   • Profit & Loss Account
   • Balance Sheet