Written language: English
Spoken language: Arabic - Lebanon
Principles of Financial Accounting
You can watch a preview of this course by clicking on the first 3 videos in the curriculum below.
You will receive a certificate of completion upon completing all the modules of the course.
The course consists of 3 Modules, each of 2 hours.
The total duration of the course is 6 hours.
This course is an introduction to the basic concepts and standards underlying financial accounting systems. The concepts that will be covered in details are the preparation of financial statements and the Accounting Cycle.
The course emphasizes on two main areas:
First, the construction of the basic financial accounting statements - the income statement, balance sheet, and cash flow statement - as well as their interpretation.
Second, explanation of the accounting cycle and its steps.
- Journalize transactions
- Post entries to the ledger accounts
- Prepare Trial balance
- Record adjusting Entries[A1]
- Prepare Adjusted Trial Balance
- Record Closing Entries
- Prepare After Closing Trial Balance
- Prepare Financial Statements