Explore the principles of accounting and learn how to use unique visualization tools in this free online course. This course provides the building blocks of accounting and employs innovative business simulations to explain concepts like revenue, costs, assets and liabilities. We show you how the ‘accrual’ principle creates a fundamental difference between profit and cash flow and how double-entry bookkeeping ensures that the ledger is always balanced. This course covers financial statements, accounting terminology and more.
| College | Alison |
| Course ID | 191911 |
| Course Type | Online Learning |
| Course Qualification | CPD Certificate |
| Course Duration | 3-4 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | In This Free Course, You Will Learn How To • Explain financial principles, statements and terminology • Identify accounting transactions and balances and explain how they interact through debits and credits • Calculate profitability ratios and explore their implications • Indicate how the ‘accrual’ principle creates a fundamental difference between profit and cashflow • Recall the links between profit, cashflow and the balance sheet • Analyze key financial statements • Recall the ‘fundamental accounting equation’ and explain its consequences |
| Course Code | 289 |
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