📘 Fundamentals of Accounting
Course Overview
Fundamentals of Accounting provides an introduction to the essential principles and practices of financial accounting. Students gain a foundational understanding of how businesses record, summarize, and report financial information.
Key Topics Covered
The role and importance of accounting
The accounting equation (Assets = Liabilities + Equity)
Double-entry bookkeeping: debits & credits
Steps in the accounting cycle
Journal entries and ledger posting
Trial balance preparation
Adjusting and closing entries
Preparation of financial statements:
Income Statement
Balance Sheet
Statement of Cash Flows
Basic internal controls and ethics
Introduction to financial analysis
Learning Outcomes
By end of the course, students will be able to:
Record and classify financial transactions accurately
Prepare core financial statements
Interpret financial reports for decision-making
Understand ethical responsibilities in accounting
Apply accounting concepts to simple business scenarios
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