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The topics covered under the subject Financial Accounting are being designed and developed by Knowledge Horizon with an objective to demystify the concepts without any prior knowledge with the help of our innovative, simple and easy to understand instructional design strategy. These topics will equip you with the knowledge and tools to apply them in your field and functional areas. The idea is to make the concepts available to you as simply simple, easily accessible and enjoyable which can be used by you as quick reference learning material with the help of which you can fill your knowledge gap on Accounting easily and apply it as per your specific requirements. 

This course is specially designed for the final year students of MBA/PGDBA/MCA/CA/CS/ICWAI/ BCOM/ BBA/I.Com and entrepreneurs and working professionals.

The Online Self-learning Course includes access of – Videos (13) + Job Aids (2 Printable and Downloadable) + Assessment Questions (39): Learning Seat Time: 70 minutes (Estimated)

Accounting-Principles

Accounting Principles

At the end of this course you will be able to:
  • Identify the importance of accounting principles
  • Explain the thirteen accounting principles
Accounting-Equation

Accounting Equation

At the end of this course you will be able to:
  • Identify the components of the basic accounting equation
  • Classify assets, liabilities and owner’s investment
  • Classify expenses and revenues
Journal

Journal Entry

At the end of this course you will be able to:
  • Identify the components of the basic accounting equation
  • Classify assets, liabilities and owner’s investment
  • Classify expenses and revenues
T-account & Trial Balance

T-accounts & Trial Balance

At the end of this course you will be able to:
  • Recognise the importance of the T-account
  • Construct the T-account from journal entries
  • Transfer T-account balances in the trial balance
  • Construct the Trial balance
Income-Statement

Income Statement

At the end of this course you will be able to:

  • Identify the components of the basic accounting equation
  • Classify assets, liabilities and owner’s investment
  • Classify expenses and revenues
Balance-Sheet

Balance Sheet

At the end of this course you will be able to:

  • Identify the components of the balance sheet
  • Explain the impact of each transaction on the components of the balance sheet
  • Identify reasons why a balance sheet always balances
Cash-Flow-Statement

Cash Flow Statement

At the end of this course you will be able to:
  • Understand Operating Activities
  • Understand Investing Activities
  • Understand Financing Activities
  • Understand Transaction on Cash Flow Statement
  • Understand Balancing of Cash Flow Statement
Interrelationship-Financial-Statements

Inter-relationship between Financial Statements

At the end of this course you will be able to:
  • Explain how a transaction affects the income statement, balance sheet and cash flow statement
  • Identify the interrelationship between income statement, balance sheet and cash flow statement