Principles of Accounting

Product details

This course is created by Accounting Intuition and accredited by the Chartered Institute of Management Accountants (CIMA). We believe that the best way to learn is through experience so we have developed a set of groundbreaking visualization models. These lessons use the analogy of water pipes and tanks to explain accounting methods to provide an intuitive understanding of how money moves around a simple connected system.The course assumes no prior accounting knowledge and lays out the building blocks of bookkeeping step by step. We employ a series of case studies and simulations to describe revenue costs assets liabilities and equity. We also simulate the running of a small business to break down the ‘fundamental accounting equation’ (or ‘balance sheet equation’) and explain the workings of double-entry bookkeeping financial statements managing cashflow the operating cycle fixed assets and company funding.Such models are used by leading universities to help their students understand financial concepts and drive this course. Whether you are completely new to finance or simply want an engaging refresher to update your skills sign up for this course to develop a lifelong intuitive understanding of accounting. This course suits aspiring bookkeepers and can help small business owners to take control of their finances.