Section outline
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Welcome to Accounting For Beginners!
This course is an introduction to accounting: "the language of business". Topics include the principles, concepts, and conventions employed in measuring business transactions and analyzing, interpreting, and reporting results to management and other users of financial information. At the same time, students will also learn the cash management in business.
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Welcome to Learning Unit 1: Introduction to Accounting. By the end of this unit, you will be able to:
- Explain the accounting history
- Explain accounting bookkeeping
- Explain the accounting cycle
- Explain forms of business organization
- Explain users of accounting information
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Welcome to Learning Unit 2. By the end of this unit, you will be able to:
- Explain accounting concepts, principles, and assumptions
- Explain further overriding concepts
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Welcome to Learning Unit 3. By the end of this unit, you will be able to:
- Analyze business transactions using the accounting equation
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Welcome to Learning Unit 4. By the end of this unit, you will be able to:
- Record basic financial transactions using the manual double entry system
- Post basic journal entries to ledger accounts
- Extract ledger account balances to trial balance
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Welcome to learning unit 5. By the end of this unit, you will be able to:
- Make year-end adjustments to the accounts
- Draft the financial statements (statement of profit and loss and statement of financial position) in the correct format
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By the end of this unit, you will be able to:
- Understand the statement of cash flows
- Explain the purpose of financial management
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