This course is designed specifically for those who are not trained as accountants but want to learn the basics of accounting. We will cover the fundamental concepts of accounting, including the accounting equation, the duality concept, and the steps in the accounting cycle. You will also learn about the different types of transactions that can occur in a business, including revenue, expenses, assets, liabilities, and equity.
In addition to covering the basics of accounting, this course also emphasizes the importance of ethical behavior in the accounting profession. You will learn about professional standards and the role of professional organizations in promoting ethical conduct.
In this book, you'll learn about:
• The fundamental principles of accounting, including the accounting equation and the double-entry system
• The different types of financial statements and how to read and interpret them
• Key financial ratios and how to use them to evaluate a business's financial performance
• Common accounting errors and how to avoid them
• How to use accounting principles to make informed business decisions
• A step-by-step guide to understanding accounting principles and financial statements
• Tips and strategies for reading and interpreting financial statements and using key financial ratios.
