Introduction to business accounting

About this course

The course introduces the purpose of accounting information, double-entry principles and the concepts used when preparing accounts. Topics include balance sheets, asset and liability categories, income statements, depreciation using straight-line and reducing-balance methods, profit and loss, and cost of goods sold. Learning includes accounting exercises focused on applying these concepts, preparing financial statements and performing related calculations. Work may also be completed outside class.

What you'll learn

• Identify standard accounting concepts
• Apply the balance sheet equation
• Prepare financial statements
• Calculate depreciation using straight-line and reducing-balance methods
• Calculate profit and loss
• Calculate the cost of goods sold

Is this course right for you?

The course is intended for beginners to accounting and may suit small business owners. Some bookkeeping knowledge would be helpful, while learners should be able to carry out basic arithmetic and understand written instructions.

• Some bookkeeping knowledge would be helpful
• Basic addition, subtraction, multiplication and division are used
• Learners should be able to read and understand written instructions

Before you go

• Electronic course notes are provided through Google Classroom.
• Exercises are set for completion outside class time.
• A pen and paper are suggested for taking notes.
• Learners who attend the full course receive an electronic certificate of attendance for CV or CPD records.