FUNDAMENTALS OF ACCOUNTING

Course Overview

This unit introduces the "language of business," focusing on the systematic recording, reporting, and analysis of financial transactions. Students will master the transition from basic bookkeeping to the preparation of professional financial statements.

Core Learning Pillars

  • The Accounting Equation: Understanding the relationship between Assets, Liabilities, and Equity.

  • The Accounting Cycle: Mastering the double-entry system, from journal entries to trial balances.

  • Financial Reporting: Preparing Income Statements, Balance Sheets, and Cash Flow Statements.

  • Principles & Ethics: Applying GAAP/IFRS standards to ensure financial transparency.

What You Will Gain

By the end of this unit, you will be able to process business transactions accurately and interpret financial data to make informed management decisions.