The Accounting Equation and Elements of Financial Statements

This course introduces you to the foundational principles of accounting, focusing on understanding the Accounting Equation and its role in financial statements. Participants will explore the core elements of financial statements, learn how transactions impact the accounting equation, and gain insight into the double-entry accounting system.

Course Fee:

R250

Publisher:
LearnHUB, Regent Business School
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Duration

1 - 2 Hours or Self-Paced

Course Mode

Fully Online

Course Format

Interactive & Video Based Learning

"This course was exactly what I needed to build a strong foundation in accounting. "The Accounting Equation and Elements of Financial Statements" explained fundamental concepts like assets, liabilities, and equity in a way that was easy to understand and apply. The step-by-step approach and practical examples made complex topics approachable, and I quickly gained confidence in analyzing financial statements. I highly recommend this course to anyone looking to grasp the basics of accounting and take the first step toward mastering financial principles!!"

Learning Outcomes:

By the end of this course, you should be able to:

  • Identify and explain the elements of financial statements (assets, liabilities, equity, revenue, and expenses).
  • Define the accounting equation and illustrate how it forms the basis of all financial accounting.
  • Demonstrate the effect of financial transactions on the accounting equation using real-world examples.
  • Apply the principles of double-entry accounting to record transactions accurately in ledger accounts.
  • Analyse the relationship between the accounting equation and financial statements, ensuring the equation remains balanced.

 

Meet our Expert Instructors

This course was crafted by our dedicated full-time lecturers. With extensive experience in both professional practice and education, our instructors excel at cultivating talent and maximising student potential.

Hasan Evans

Hub Manager, Regent Enterprise Development Hub | Lecturer

Hasan Evans is the Hub Manager at Regent Enterprise Development Hub, where he fosters innovation and entrepreneurial growth by supporting students and startups in their journey toward business success. With a robust academic foundation, Hasan also lectures in Financial Accounting, Managerial Accounting, Cost Accounting, Statistics, and Financial Management.
His expertise bridges theory and practice, empowering learners with the skills and knowledge needed to navigate complex financial landscapes and make data-driven decisions. Hasan is dedicated to cultivating a new generation of business leaders equipped to excel in a competitive and evolving global economy.

Certificate of Completion

At LearnHUB, we believe in recognising your achievements every step of the way.

That’s why you will achieve a certificate for every course that you successfully complete.

Skill Set Development

  • Understanding the Accounting Equation
  • Analyzing Financial Statements
  • Categorizing Transactions
  • Building Financial Literacy
  • Problem-Solving Skills
  • Attention to Detail

Frequently Asked Questions

In the course “The Accounting Equation and Elements of Financial Statements,” you’ll learn the core components of the accounting equation—assets, liabilities, and equity—and how they interconnect. The course also covers the structure and purpose of financial statements, including balance sheets, income statements, and cash flow statements, giving you the skills to analyze and interpret financial data with confidence.

No specific prerequisites are required. This course is designed for individuals with no prior accounting experience who wish to gain a foundational understanding of accounting concepts. A general familiarity with basic math will be helpful but is not mandatory.

Upon successful completion of the course, you will receive a Certificate of Completion in Introduction to Accounting Principles. This certification can enhance your resume by demonstrating your understanding of accounting concepts, which is valuable for roles in business management, finance, and administration.

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