Overview

This is a self paced course covering Understanding Accounting Concepts

• Accounting - An Overview
• Accounting - In the Beginning
• The Accounting Equation
• The Balance Sheet
• Debits and Credits
• Double Entry Bookkeeping
• Processing Transactions
• T Accounts
• Balancing the 'T'
• The Trial Balance
• The Trial Balance - a few words of Warning
• What is Profit ?
• Determining the Cost of Goods Sold
• The Profit and Loss statement
• Closing Down the Accounts
• Closing the Accounts -Jim's Strawberry Farm
• Calculating Jim's Gross Profit
• Calculating Jim's Net Profit
• Jim's Balance Sheet
• From Transactions to Reports - part 1
• From Transactions to Reports - part 2
• From Transactions to Reports - part 3
• Conclusion
• Accounting Concept Tutor
• Accounting Glossary of Terms
• Accounting Exercises
• Accounting Solutions
• Multichoice Quiz