ATD 001: Introduction to Financial Accounting

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About Course

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GENERAL OBJECTIVE

This unit specifies competencies required to maintain financial accounts of the business. It involves applying the legal and conceptual framework in preparation of financial accounts, accounting for revenues and expenses, accounting for assets and liabilities, accounting for assets and liabilities, correcting errors in accounting records and preparing financial statements for different business entities

 

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What Will You Learn?

  • Ability to apply the legal and conceptual framework in preparation of financial accounts
  • Ability to account for revenues and expenses
  • Ability to account for assets and liabilities
  • Ability to correct errors in accounting records
  • Ability to prepare financial statements for different business entities

Course Content

APPLY THE LEGAL AND CONCEPTUAL FRAMEWORK IN PREPARATION OF FINANCIAL ACCOUNTS

  • Definition of key terms
    18:45
  • Introduction to Accounting
    13:24
  • The Elements of Financial Statements
    09:44
  • Accounting Concepts (Principles)
    16:15
  • Types of Accounts
    11:45
  • The Accounting Equation
    08:12
  • The Users of Accounting Information
    10:35
  • Revision Questions With Answers

ACCOUNT FOR REVENUES AND COSTS

ACCOUNT FOR ASSETS AND LIABILITIES

CORRECT ERRORS IN ACCOUNTING RECORDS

PREPARING FINANCIAL REPORTS FOR DIFFERENT ENTITIES

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