Learning Outcomes

Introduction to Bookkeeping

Accounting Method Concepts and Standard

Types of Bookkeeping Services

Keeping Track of Business Finances

Understanding Balance Sheet

Financial Statements

Purchase Order Tracking

Lesson Summary

In this module, you will learn about the various bookkeeping techniques, the different approaches to accounting and some bookkeeping services. We will also teach you how to manage your finances and monitor your business expenses and revenue. The most common types of financial statements, financial reporting and tracking tips will also be discussed.

Introduction to Bookkeeping and Accounting Methods - Assessment

Develop essential bookkeeping and accounting skills to help boost your company's revenue with this free online course.

Introduction to Bookkeeping and Accounting Methods

Do you run a small business or work for a larger organisation that needs a reliable system for keeping accurate records? This course will teach you the fundamentals of bookkeeping, from the various methods of record keeping to the multiple approaches to accounting. We will also review some common types of financial statements and discuss the benefits of using a bookkeeper and other financial reports and management strategies. Enrol today!

Introduction and Scope of Accounting

Formats of Balance Sheet

Detailed Format and Elements of Balance Sheet

Basic Structure of a Balance Sheet

Types of Assets

Balance Sheet Elements and Equation

In this module, you will be introduced to financial accounting and the three streams of accounting. You will learn about financial statements, the different formats of the balance sheet as well as the basic structure of a balance sheet. You will also learn about the types of assets and the equation for calculating assets and owners fund.

Format of Profit and Loss Account

Basic Structure of Profit and Loss Account

Elements of Profit and Loss Account

Concept of Conservatism and Depreciation

Methods of Providing Depreciation

Inventory Valuation

In this module, you will be introduced to the profit and loss account. You will learn about the major components of a profit and loss account which are income and expenses. You will learn about the basic structure of the profit and loss account as well as how to calculate it. You will then be introduced to the concept of conservatism and depreciation, the methods of depreciation as well as inventory valuation.

Definition and Types of Cash Flow

Categories of Cash Flow Statement

Operating Activities by Direct Method

Preparation of Cash Flow Statement

Example of Cash Flow Statement

In this module, you will be introduced to the cash flow statement as the summary of cash flows (receipts and payments) during an accounting period. You will learn about the different types of cash flow statements, cash and cash equivalents and financial activities. You will then be introduced to operating activities by the direct method as well as how to prepare a cash flow statement.

Corporate Governance

Corporate Governance: Global Models

Corporate Governance: Enron Case

In this module, you will be introduced to corporate governance as the collection of mechanisms, processes and relationships by which a company is controlled and managed. You will learn about the main principles of corporate governance which are: Transparency, Accountability, Trusteeship and Ethics. You will learn about the three models of corporate governance as well as Enron’s failure of having proper corporate governance.

Diploma in Financial Accounting - First Assessment

Accounting Standards and Principles

Evolution of Accounting

Recording of Financial Transactions

In this module, you will be introduced to accounting standards and principles. Accounting principle refers to the communication of results of the business to the outside world. You will learn about accounting concepts such as business entity, dual aspect, cost, and consistency. You will learn about the evolution of accounting as well as how to record financial transactions.

Zee Case: Profit and Loss Account

Zee Case: Balance Sheet Statement

Hindalco Case: Profit and Loss Account

Hindalco Case: Balance Sheet and Cash Flow Statement

In this module, you will be introduced to Zee TV, an entertainment television company as well as Hindalco limited, a leading aluminum and copper manufacturer. You will be presented with both company’s financial statements and you will learn how to prepare a profit and loss account from it as well as as a balance sheet.

Interpretation and Analysis of Financial Statements

Ratio and Ratio Analysis

Types of Ratio

Horizontal Analysis for Shipping Corp of India

Common Size Statement for Shipping Corp of India

Trend Analysis for Shipping Corp of India

Calculating Return on Equity for Shipping Corp of India

In this module, you will be introduced to the Interpretation and Analysis of Financial Statements. You will learn about ratio and ratio analysis, as well as the different types of ratios. You will also be introduced to horizontal analysis, common-size statements, trend analysis, as well as return on equity.

Ratio and Financial Statement Analysis for TCS

Combined Ratio Analysis for TCS

Company Analysis Using RIL Company Data

Ratio and Financial Statement Analysis Using RIL Company Data

Revision of Course

In this module, you will be introduced to ratio and financial statement analysis for TCS. You will learn about different types of combined ratios and their equations. You will also learn about company analysis as well as ratio and financial statement analysis using RIL company data.

Diploma in Financial Accounting - Second Assessment

Diploma in Financial Accounting - Assessment

The free online course on the streams of accounting, preparing financial statements and the structure of balance sheet.

Diploma in Financial Accounting

The free online course on financial accounting teaches you about the streams of accounting, as well as the concept of financial statements and the basic structure of a balance sheet. You will learn about the components of a profit and loss account, as well as the concept of conservatism and depreciation. You will also be able to explain the concept of ratio analysis. Start this course today to improve your understanding of financial accounting.

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