Basic Accounting

Week 1: Introduction to Accounting

 • Module 1.1: Fundamentals of Accounting

 ◦ Definition and importance of accounting

 ◦ Key accounting principles and concepts

 • Module 1.2: Financial Statements

 ◦ Overview of the balance sheet, income statement, and cash flow statement

 ◦ Understanding the components and purpose of each financial statement

 • Module 1.3: The Accounting Cycle

 ◦ Steps in the accounting cycle

 ◦ Recording transactions and preparing financial statements

Week 2: Recording and Reporting Financial Information

 • Module 2.1: Double-Entry Bookkeeping

 ◦ Principles of double-entry bookkeeping

 ◦ Debits and credits

 • Module 2.2: Adjusting Entries

 ◦ Types of adjusting entries

 ◦ Preparing adjusting entries and their impact on financial statements

 • Module 2.3: Closing Entries and the Post-Closing Trial Balance

 ◦ Purpose of closing entries

 ◦ Preparing closing entries and the post-closing trial balance

Week 3: Analyzing Financial Statements and Advanced Topics

 • Module 3.1: Financial Statement Analysis

 ◦ Ratio analysis

 ◦ Interpreting financial statements to assess financial health

 • Module 3.2: Introduction to Managerial Accounting

 ◦ Differences between financial and managerial accounting

 ◦ Basic concepts of cost accounting

 • Module 3.3: Ethical Considerations in Accounting

 ◦ Importance of ethics in accounting

 ◦ Common ethical dilemmas and how to address them