Introduction to Accounting Principles

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This course provides a foundational understanding of accounting principles and concepts, designed for individuals new to the field of accounting.You will explore the history of accounting, the primary users of financial information, and the frameworks that govern the preparation and presentation of financial statements. This course also delves into the ethical considerations, internal controls, and professional responsibilities critical to the accounting profession.

  • Duration: 1 - 2 Hours or Self Paced
  • Publisher: LearnHUB, Powered by Regent Business School
  • Certification: A Certificate of Completion will be issued to all candidates who successfully complete the requirements of the programme.
  • Take your time and ensure to carefully engage with every aspect of this course, to ensure adequate preparation for the final assessment. A minimum of 80% is required to pass.
  • Recall the historical evolution of accounting and identify key milestones that shaped its development.
  • Explain the differences between internal and external financial reporting and the significance of GAAP and IFRS standards.
  • Demonstrate the steps in the accounting cycle and apply them to simple financial scenarios.
  • Evaluate the qualitative characteristics of financial statements prepared under IFRS and assess their relevance for different users.

Course Content

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History of Accounting
Users of Financial Information
Understanding the Applications of Financial Information
Internal vs External Reporting
GAAP and IFRS
The Accounting Cycle
Internal Control
Ethics
Professional Bodies
Final Assessment