Description

Welcome to the Accounting World!

This course is designed to provide you with a solid foundation in accounting principles and practices, the essential business language. Whether you’re aiming to pursue a career in business administration, manage your own company, or understand how financial decisions are made, this course will equip you with the necessary skills and knowledge.

You’ll learn the accounting fundamentals, including how to record, summarize, and analyze financial transactions. We’ll explore key accounting concepts like assets, liabilities, revenue, and expenses, and show you how they influence business decisions. You’ll also gain insight into the accounting cycle and how financial statements are prepared to reflect a business’s performance.

By the end of the course, you’ll have a comprehensive understanding of how accounting supports business operations, helps in strategic decision-making, and ensures compliance with legal requirements. This course is perfect for beginners, as it builds a strong foundation for further study in accounting or business management.

Key Learning Outcomes:

1. Master key accounting terms and concepts.
2. Understand the accounting cycle and how to prepare financial statements.
3. Learn the role of accounting in budgeting, tax compliance, and performance evaluation.
4. Develop the skills needed to make informed business decisions based on financial data.

Join us to unlock the world of accounting and start your journey toward becoming a financial expert in business!

Curriculum:

1. Chapter 1: Introduction to Accounting Fundamentals and Terminology
2. Chapter 2: Types of Business Organizations
3. Chapter 3: Starting a Business and Analyzing Transactions
4. Chapter 4: Keeping Records and CRA Compliance
5. Chapter 5: Generally Accepted Accounting Principles (GAAP)
6. Chapter 6: Fundamental Accounting Equation and Transactional Changes
7. Chapter 7: The Balance Sheet and Transactions: Assets, Liabilities, and Equity Introduction
8. Chapter 8: Cash and Accrual Methods of Accounting
9. Chapter 9: Revenue and Expense Transactions
10. Chapter 10: The Matching Principle
11. Chapter 11: Earnings: Net Income and Net Loss
12. Chapter 12: Transactions and Sales Taxes
13. Chapter 13: Owner’s Contributions and Withdrawals
14. Chapter 14: The Income Statement
15. Chapter 15: T-Accounts
16. Chapter 16: Debits and Credits and the Transactional Process
17. Chapter 17: Account Balances and Chart of Accounts
18. Chapter 18: The Trial Balance
19. Chapter 19: Source Documents and Filing Systems
20. Chapter 20: The General Journal and Transactions
21. Chapter 21: Posting to General Ledgers
22. Chapter 22: Completing the Full Accounting Cycle
23. Chapter 23: Financial Statements
24. Summary
25. Final Exam

Course ID: GBM 103

* This course is part of the Global Business Management Program (GBM).